The US reported 372,000 non-farm payrolls in June 2022, with the figure slightly offset by a 74,000 downward revision to the results over the past two months. Private payrolls grew by 381, while manufacturing payrolls grew 29,000. The unemployment rate remained unchanged at 3.6%. S&P 500 futures were down 0.4% to 3,889 at the time […]

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The FTSE 100 took a hit of 2.1% to 7,317.5 at close of trading on Friday, after US inflation was revealed to have surged to a 40-year high of 8.6% in May this year. Global equity markets sank, with the NASDAQ down 3.1% to 11,390.1, the Dow sliding 2% to 15,155.4, the German DAX falling […]

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US inflation rates hit a 40-year record high of 8.6%, representing a harsh increase from its May level of 8.3%. The rising inflation was triggered by surging energy prices, with the conflict in Ukraine continuing to drive prices to uncomfortable heights and the benchmark Brent Crude price hovering around $120 per barrel at its peak […]

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Inflation at 5.4% and in line with analysts’ expectations in July The price of goods and services in America rose again in July, albeit in line with analysts’ expectations, on high levels of pent-up demand. The consumer price index increased by 5.4% in July year-on-year, as reported by the Labor Department, in a continuation of […]

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Economists had initially forecast that the rate of inflation would be 4.9% The rate inflation rose again last month, going against the Federal Reserve‘s notion that recent high levels of inflation are ‘transitory’. In June, the consumer price index increased by 5.4% year-on-year, the quickest rate since August 2008, and well above the 5% figure […]

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Fed says price rise is temporary despite biggest year-on-year rise since the 1990s The US inflation gauge, a measure followed by the Federal Reserve to monitor price levels, showed the largest year-on-year rise since the 90s in April. The news has created further speculation about inflationary pressures. The personal consumption expenditure index, which avoids using […]

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