Latest News for: Economist index

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Opinion: Are Americans in a funk? It’s time for ‘The Little Engine That Could’

Chatanooga Times Free Press 23 Sep 2023
According to a related Economist magazine study, for the first time in more than 40 years, the sentiment index no longer tracks traditional measures of economic activity such as employment, income and GDP growth.
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Let’s get our act together on housing. It’s time to end the old failed way of doing things

The Irish Times 23 Sep 2023
While the old world suffocated individualism, this new movement – modernism – set artists, thinkers, writers and even economists free ... According to The Economist’s Global Liveability Index (based on a number of quality of life indicators), Vienna is the world’s most liveable city in 2023.
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Commentary: Are Americans in a funk? It’s time for 'The Little Engine that Could'

Atlantic City 23 Sep 2023
While the index is mired at pre-pandemic levels, the economy has marched ahead. According to a related Economist magazine study, for the first time in more than 40 years, the sentiment index no longer tracks traditional measures of economic activity such as employment, income and GDP growth. Instead, the index seems to be locked in a cellar.
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Gold falls on stronger U.S. dollar

Xinhua 22 Sep 2023
dollar index and U.S ... The Federal Reserve Bank of Philadelphia reported that its diffusion index for current activity tumbled to a negative 13.5 in September from a positive 12.0 in August. Economists had expected the index to slump to a negative 0.7 ... that economists were expecting.
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UK recession risk deepens as higher rates weigh on firms

Gulf Daily News 22 Sep 2023
The preliminary reading of the UK S&P Global Purchasing Managers’ Index (PMI) for the services sector sank to its lowest since the pandemic lockdown of January 2021 and below all forecasts in a Reuters poll of economists. Aside from during the Covid-19 pandemic, the index last fell this low during the Global Financial Crisis.
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UK consumer confidence climbs to highest level in two years

The National 22 Sep 2023
But although inflation as measured by the Consumer Price Index (CPI) is falling, interest rates are on hold and consumer confidence is growing, economists point out there is a long way to go and the risks of recession and stagflation in the UK are very much alive.
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UK recession risk deepens but consumers stay unfazed

Reuters 22 Sep 2023
The preliminary reading of the UK S&P Global Purchasing Managers' Index (PMI) for the services sector sank to its lowest since the pandemic lockdown of January 2021 and below all forecasts in a Reuters poll of economists. Aside from during the COVID-19 pandemic, the index last fell this low during the Global Financial Crisis.
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Karl W. Smith: Bidenomics is having an unusual effect on deficits

The Marshall News Messenger 22 Sep 2023
Economists are playing a game of “can-you-top-this,” seeing who can ramp up their U.S ... Prominent economists such as former Treasury Secretary Larry Summers warned that Biden’s 2021 stimulus package could “overheat” the economy and cause inflation rates to soar ... In addition, tax brackets are also indexed annually to inflation.
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UK Consumer Confidence Improved to Highest Level Since January 2022

Market Watch 22 Sep 2023
By Ed Frankl ... Confidence among British consumers rose four points to minus 21 this month, the highest reading since January 2022, according to an index compiled by consumer-research firm GfK. The result flips a consensus of economists polled by FactSet, which expected the level to decline to minus 27, from minus 25 in August ... 1 and Sept. 13 ... .
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Billionaire investor Bill Ackman says the Fed's fight against inflation may never end due to ...

Business Insider 22 Sep 2023
Bill Ackman runs Pershing Square ... Inflation, as measured by the Consumer Price Index, has risen for two months in a row after cooling over the first half of the year. Economists worry that the United Auto Workers' union strike and a recent steady rise in gas prices could push inflation even higher ... Just ask your average American," he added ... ....
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Leading index for U.S. economy falls 17th month in a row, but still no sign of recession

Market Watch 21 Sep 2023
The leading economic index fell 0.4% in August and declined for the 17th month in a row, but there’s still no sign the U.S ... Economists polled by the Wall Street Journal had forecast a 0.5% drop. The leading index is a gauge of 10 indicators designed to show whether the economy is getting better or worse ... Leading index for U.S.
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Leading index for economy falls 17th month in a row, but still no sign of recession

Market Watch 21 Sep 2023
The leading economic index fell 0.4% in August and declined for the 17th month in a row, but there’s still no sign the U.S ... Economists polled by the Wall Street Journal had forecast a 0.5% drop. The leading index is a gauge of 10 indicators designed to show whether the economy is getting better or worse.
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Philly Fed's District Factory Activity Contracted in September

Market Watch 21 Sep 2023
It marked the index's 14th negative reading in the past 16 months, after August's measure snapped 11 months of contractions in the index ... The reading compared with expectations of neither contraction nor growth by economists polled by The Wall Street Journal, who expected the index to come in at zero.
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GBP to USD Forecast: The Pound’s Fate Tied to Bank of England’s Inflation Dilemma

FX Empire 21 Sep 2023
Economists expect the Bank of England to raise interest rates by 25 basis points to 5.50% ... Economists are forecasting an increase in initial jobless claims from 220k to 225k. Other stats include the Philly Fed Manufacturing Index and existing home sales ... Economists forecast the Philly Fed Manufacturing Index to fall from 12.0 to -0.7.
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American energy for the American People

The Ada News 21 Sep 2023
In fact, inflation rose more in the month of August than economists expected due to the rising costs of food and energy ... Economists point to the rising cost in energy prices for the reason of this increase as the PPI energy index rose 10.5 percent on the month, spurred by a 20 percent surge in gasoline.

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