UK Economy Contracts in September 2024: A Setback for Growth
In an unexpected turn, the British economy contracted by 0.1% month-over-month in September 2024, marking its first decline in five months. This was a sharp contrast to the 0.2% rise in August and significantly below forecasts of a 0.2% expansion....
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China’s Industrial Production Slows in October 2024: What It Means for the Economy
China’s industrial production showed a slower-than-expected growth of 5.3% year-on-year (yoy) in October 2024, falling short of the forecasted 5.6% increase. This represents a slight deceleration from September’s four-month high of 5.4%. While industrial output growth remained positive, several sectors...
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Factory Gate Prices in the US See Steady Increase in October 2024
In October 2024, factory gate prices in the United States rose by 0.2% month-over-month (mom), matching market expectations and continuing the trend from the previous month. This follows an upwardly revised 0.1% increase in September, signaling a steady but gradual...
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U.S. Inflation Rate Rises to 2.6% in October 2024
After seven consecutive months of declining inflation, October 2024 saw the U.S. inflation rate edge up to 2.6%, a slight increase from September’s 2.4% rate. This rate is still in line with market expectations, but it marks a shift in...
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Elon Musk and Vivek Ramaswamy to Lead New “Department of Government Efficiency” (DOGE)
In a groundbreaking move aimed at reducing government waste and streamlining bureaucratic processes, former President Donald Trump has announced the creation of the “Department of Government Efficiency,” or “DOGE.” This newly conceptualized department is designed to tackle inefficiencies in government,...
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