An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures […]
KSE-100 index leads as Asia’s best-performing market | The Express Tribune
Despite prevailing economic crises, Pakistan’s stock market has shown resilience by emerging as the best-performing market in Asia in 2024, according to Bloomberg. The KSE-100 index reflected a 27% increase […]
Pakistan: Weekly inflation continues upward trend; driven by rising vegetable prices – Times of India
ISLAMABAD: Inflation based on the Sensitive Price Index (SPI) marked its fourth consecutive weekly increase, primarily attributed to a surge in vegetable prices, according to official data released, Dawn reported.For […]
Pakistan budget to significantly reduce government debt, rating agency Fitch predicts | The Express Tribune
Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by the end of FY24. This reduction is attributed to high […]
Inflation expected to average 4.5% this fiscal: Crisil – Times of India
KOLKATA: Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year. “Assuming a normal monsoon, […]
Inflation plummets to 2.5-year low | The Express Tribune
ISLAMABAD: The inflation rate suddenly nosedived to a nearly two-and-a-half-year low of 11.8% in May due to a slump in food prices and some correction in fuel rates, opening a […]
Short-term inflation reverses trend with 0.11% spike | The Express Tribune
KARACHI: The short-term inflation gauge, called the Sensitive Price Indicator (SPI), resumed its uptrend as it rose 0.11% in the week ended May 30, 2024, driven by the hike in […]
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by […]
Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in […]
The Fed probably won't be delivering any interest rate cuts this summer
Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty Images Investors likely […]