US Jobless Claims Hold Steady Amid Resilient Labor Market
Initial jobless claims in the US held steady at 213,000 for the week ending November 23, below market expectations of 216,000. This steady performance underscores the enduring strength of the labor market, even as the Federal Reserve’s aggressive monetary tightening...
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US Economy Expands by 2.8% in Q3 2024
The US economy maintained steady growth in the third quarter of 2024, expanding at an annualized rate of 2.8%. This pace matched the advance estimate but was slightly below the 3% growth seen in Q2. The economy’s performance was driven...
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US Durable Goods Orders See Modest Growth in October
In October 2024, new orders for durable goods in the United States rose by a modest 0.2%, reaching $286.56 billion. This increase marks a recovery from the revised 0.4% decline recorded in September. However, the growth fell short of market...
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Germany’s Consumer Sentiment Plummets to a Seven-Month Low
The latest GfK Consumer Climate Indicator for Germany paints a troubling picture for December 2024, falling to -23.3 points. This marks the lowest level since May and is significantly below the forecast of -18.6 points. The current figure mirrors the...
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The CFTC’s Potential Role in Regulating Crypto Markets
The Commodity Futures Trading Commission (CFTC) may soon expand its authority to regulate digital assets, particularly those classified as commodities, such as bitcoin and ether. Fox Business reports that the incoming Trump administration is considering granting the CFTC oversight of...
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