Prices

Sales rose more than expected as consumers remain resilient despite inflation

Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices across most categories, the Commerce Department reported Friday. Advance retail sales increased 1% for the month, better than the Dow Jones estimate of a 0.9% rise. That marked a big jump from the …

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Singapore monetary policy, Australia unemployment rate

SINGAPORE — Hong Kong stocks briefly slipped more than 1% while Asia-Pacific markets traded higher on Thursday. The moves came as Singapore tightened monetary policy and Australia announced that its unemployment rate has fallen. Tea Hang Seng index was 0.3% lower in the late afternoon. Mainland China markets were mixed. Tea Shenzhen Component reversed earlier …

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Should you still change jobs if you’re worried about a recession? What economists say

The job market is holding strong despite ongoing concerns of a recession. There were 11.3 million job openings in May, or roughly two jobs for every unemployed worker, according to the latest Job Openings and Labor Turnover Survey. Some 6.5 million people were hired into new jobs, and 4.3 million people quit for a new …

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Social Security cost-of-living adjustment could be 10.5% in 2023

Kevin Dietsch | Getty Images Social Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be. Based on new consumer price index data for June released Wednesday, The Senior Citizens League, a nonpartisan senior group, now estimates the …

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June jobs report is not expected to show an economic slowdown or a recession looming

Part Owner and Executive Chef Steve Kemper, prepares food in the kitchen at the Go Fish! Seafood Restaurant and Sushi Bar in Sinking Spring, Pennsylvania, April 8, 2021. Ben Hasty | Media News Group | Reading Eagle via Getty Images June’s employment report is expected to show strong hiring continues across a broad range of …

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Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

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US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation produce vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively …

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Fed could cut interest rates in 2023, analysts say, after rate hikes this year

Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path of aggressive rate hikes — but not everyone is expecting this approach to last. The …

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