newszine

The Week In Review: Medical Care Inflation

14 hours ago DieselGasoil Comments Off on The Week In Review: Medical Care Inflation
This post reviews the major economic releases issued this past week. The Consumer Price Index showed Medical care inflation continued to be below the year-over-year inflation rate of the CPI-U. Medical costs inflation outpaced the Consumer Price Index for urban consumers (CPI-U) for the vast majority of Read More

Wall St. looks to Fed outlook Wednesday for early Christmas gift

18 hours ago DieselGasoil Comments Off on Wall St. looks to Fed outlook Wednesday for early Christmas gift
NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. FILE PHOTO: A Wall Street sign is seen outside the New York Stock Exchange Read More

Explorers face pain as oilfield costs jump: Wood Mackenzie

23 hours ago DieselGasoil Comments Off on Explorers face pain as oilfield costs jump: Wood Mackenzie
By David Wethe on 12/14/2018 HOUSTON (Bloomberg) — Shale explorers are in for higher equipment and service costs in 2019 after getting hit with double-digit inflation this year, according to Wood Mackenzie Ltd.  The rate of well-cost increases — which includes everything from cement to drilling rigs — is expected to average 9% across the Read More

U.S. consumer spending strengthening in boost to economy

1 day ago DieselGasoil Comments Off on U.S. consumer spending strengthening in boost to economy
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken. FILE PHOTO: Durable goods are seen on sale in a store in Los Read More

U.S. core retail sales accelerate in November

1 day ago DieselGasoil Comments Off on U.S. core retail sales accelerate in November
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. FILE PHOTO: Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson The Read More

ECB ends crisis-fighting bond buys but eyes increasing risks

2 days ago DieselGasoil Comments Off on ECB ends crisis-fighting bond buys but eyes increasing risks
FRANKFURT (Reuters) – The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil. In a precarious balancing act, ECB President Mario Draghi signaled both confidence about growth and concern over Read More

A higher Social Security retirement age comes with risks for many workers

2 days ago DieselGasoil Comments Off on A higher Social Security retirement age comes with risks for many workers
CHICAGO (Reuters) – Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program. FILE PHOTO: An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike Read More

U.S. labor market tightening; inflation pressures muted

2 days ago DieselGasoil Comments Off on U.S. labor market tightening; inflation pressures muted
WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits tumbled to near a 49-year low last week, which could ease concerns about a slowdown in the labor market and economy. A container ship is shown at port in Long Beach, California, U.S. July 16, 2018. REUTERS/Mike Blake Other data on Thursday showed Read More

ECB ends asset purchases, on watch for future risks

2 days ago DieselGasoil Comments Off on ECB ends asset purchases, on watch for future risks
FRANKFURT (Reuters) – The European Central Bank officially ended on Thursday its lavish post-crisis asset purchase scheme but promised to keep feeding stimulus into an economy struggling with an unexpected slowdown and political turmoil. The skyline with its financial district and the headquarters of the European Central Bank (ECB) are photographed in the early evening Read More

Highlights: Draghi comments at ECB press conference

2 days ago DieselGasoil Comments Off on Highlights: Draghi comments at ECB press conference
FRANKFURT, Dec 13 (Reuters) – The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil. Following are highlights of ECB President Mario Draghi’s comments at a press conference after the bank’s Read More