Japan's Inflation Surges to 2.9%: What's Driving the Increase?
Japan's annual inflation rate rose to 2.9% in November, up from 2.3% in October, according to the Statistics Bureau of Japan. The consumer price index excluding fresh food and ener...
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IMF Endorses US Rate Cut Amid Economic Challenges and Supports Syria's Recovery
The IMF supports the Federal Reserve's interest rate cut, citing appropriate measures amid economic challenges. It also discusses its commitment to Syria's recovery and a $1.1 bill...
US Natural Gas Inventories Drop Significantly: EIA Report Highlights
The EIA reports a 125 Bcf drop in US natural gas inventories to 3,622 Bcf, 20 Bcf higher year-on-year and 132 Bcf above the five-year average, all within historical range.
November Sees Surge in US Existing Home Sales, Up 4.8%
The National Association of Realtors reports a 4.8% increase in US existing home sales in November, reaching an annual rate of 4.15 million homes, up 6.1% year-on-year.
US Jobless Claims Drop Sharply: What Does It Mean for the Economy?
US jobless claims dropped by 22,000 to 220,000 in the week ending December 14, indicating a potential strengthening in the job market. The 4-week moving average increased to 225,50...
US Economy Surges: Q3 GDP Growth Revised Up to 3.1%
The US real GDP grew at an annual rate of 3.1% in Q3 2024, revised upward from 2.8%. The growth was driven by increased exports, consumer spending, and federal government spending,...
BoE Holds Steady: Interest Rates Remain at 4.75% Amid Economic Uncertainty
The Bank of England (BoE) has announced that it will maintain its interest rates at 4.75%, unchanged after a reduction in November. This decision reflects the bank's strategy amids...
Putin Highlights Unprecedented Russia-China Ties at Year-End Conference
Russian President Vladimir Putin highlights unprecedented Russia-China ties at year-end conference, citing trade volume and investments as evidence of strong relations based on com...
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