Economics News Results

  • U.S. CPI Rose 0.3% in August Vs. July, Up 5.3% Vs. Year Ago

    Consumer prices cooled in August, but still rose 5.3% from a year before as supplies and labor continued to drive up prices. Write to Gwynn Guilford at gwynn.guilford@wsj.com. (END) Dow Jones Newswires 09-14-21 0849 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • Tanzanian Economy Grew 4.9% in 12 Months to End of July

    Tanzania's economy grew by 4.9% in the 12 months to July 31, spurred by construction, transport, agriculture, manufacturing and mining and quarrying activities, the country's central bank said Tuesday. The growth was lower than the 5.9% expansion recorded during the prior-year period, the bank said. "Performance of the external sector of the economy continued to face challenges caused by Covid-19, particularly tourism, however, export of gold improved to about $3 billion in the...

  • Inflation Expectations in U.S. Still Climbing; Dodd and Frank Urge Second Fed Chair Term for Powell

    The Federal Reserve Bank of New York said its August Survey of Consumer Expectations found Americans' expectations of future inflation hit a record high last month and are blasting through the Fed's 2% inflation target. Chris Dodd and former Rep. Barney Frank, the main sponsors of the 2010 financial-regulatory legislation bearing their names, are backing Jerome Powell for a second term at the helm of the Fed, in contrast to some liberal Democrats disappointed by measures to ease...

  • Confidence Among U.S. Small-Business Owners Increased Slightly in August -- NFIB

    Small-business owners in the U.S. were slightly more optimistic in August compared with the previous month but the short-term outlook darkened, according to a survey compiled by the National Federation of Independent Business released Tuesday. The NFIB Small Business Optimism Index increased to 100.1 in August from 99.7 in July, above the 99.0 level expected by economists polled by The Wall Street Journal. "As the economy moves into the fourth quarter, small business owners...

  • Australian Business Confidence, Conditions Edge Up in August

    SYDNEY--Australian business conditions and confidence edged higher in August despite a worsening outlook for the economy and little guidance at the time on when major cities like Sydney and Melbourne might remove mobility restrictions and reopen. National Australia Bank's monthly survey of firms showed business confidence rose 2 points to a net balance of -5 in August, while business conditions climbed 4 points to +14 points. Key Australian cities have been shuttered...

  • Consumer Price Index Seen Up 0.4% -- Data Week Ahead Update

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Tuesday 0600 Small Business Svy Aug 99.0 99.7 0830 Consumer Price Index M/M Aug +0.4% +0.5%-- ex food& energy M/M Aug +0.3% +0.3% 0830 Consumer Price Index Y/Y Aug +5.4% +5.4%-- ex food& energy Y/Y Aug +4.2% +4.3% Wednesday 0830 NY Fed Empire St Svy Sep 17.5 18.3 0830 Import Prices Aug +0.2% +0.3% 0915 Industrial Production Aug...

  • How Durable-Goods Prices Fit Into the Fed's Inflation Outlook

    Federal Reserve Chairman Jerome Powell has argued for a while that the rise in inflation is largely driven by temporary factors unique to the pandemic, and he has noted the sudden rise in durable goods prices as evidence that inflation is bound to fall back to the Fed's 2% goal. Whether those prices retreat is going to be a key part of how the Fed takes on the unexpectedly strong burst of inflation. In July, overall consumer prices rose 4.2% from a year earlier, according to the Commerce...

  • Turkey's July Current-Account Deficit Narrowed on Month

    Turkey's current-account deficit narrowed on month in July, the country's central bank said Monday. The current-account deficit for July stood at $683 million compared with a deficit of $1.13 billion for June, according to the data. The deficit narrowed by $1.3 billion from the same month a year earlier.

  • Consumer Price Index Seen Up 0.4% -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1400 Monthly Federal Budget Aug- $199 B- $200 B* Tuesday 0600 Small Business Svy Aug 99.0 99.7 0830 Consumer Price Index M/M Aug +0.4% +0.5%-- ex food& energy M/M Aug +0.3% +0.3% 0830 Consumer Price Index Y/Y Aug +5.4% +5.4%-- ex food& energy Y/Y Aug +4.2% +4.3% Wednesday 0830 NY Fed Empire St Svy Sep 17.2 18.3 0830 Import Prices Aug +0.3%...

  • China's New Yuan Loans in August Rose Slightly From Previous Month

    BEIJING--New loans issued by Chinese banks in August rose slightly from the previous month, but came lower than consensus views. The August reading was higher from a year earlier, indicating that the country's central bank is seeking to boost the economy, as recovery has lost steam in recent months. Chinese banks extended 1.22 trillion yuan in new yuan loans last month, up from CNY1.08 trillion in July, according to data released by the People's Bank of China on Friday.

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