Analyzing the Impact: Slowing US Economic Growth and Rising Inflation
US Economy Growth and Inflation Update
25 April 2024
Image source, Getty Images
The Latest on US Economic Growth and Inflation
The recent data on the US economy shows a growth rate of 1.6% in the first quarter of this year, falling short of expectations. In contrast, inflation has been on the rise, complicating the possibility of an interest rate cut.
- The Economy Expansion and Inflation Increase
While experts had predicted a series of interest rate cuts at the beginning of the year, the current inflation rate of 3.4% in the first quarter of 2024 has exceeded expectations. This surge in inflation, compared to 1.8% in the previous quarter, has raised concerns about the Federal Reserve’s target of 2%.
The impact of
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Analyzing the Impact: Slowing US Economic Growth and Rising Inflation
Al Bilad newspaper Juma: A Bahraini trade delegation will visit India next November
– 2024-04-26 10:04:19
President of the Bahraini Indian Association, Abdul Rahman Juma, said that a Bahraini trade delegation will visit India next November as part of efforts to strengthen relations between the two countries.
Juma’s speech coincides with the visit of an Indian delegation to the Kingdom to discuss investment opportunities, where the association held a joint meeting with members of the delegation.
Juma said, on the sidelines of the General Assembly meeting of the Bahraini Indian Association, at the Crowne Plaza Hotel yesterday evening, and the meeting with the Indian trade delegation, that arrangements are currently being made for the Bahraini delegation’s visit with official participation.
He stressed the participation of the Bahraini Indian Society in various economic and social activities that contribute to consolidating historical relations.
He pointed out that the association organized 12 different events and activities during the past year, and that it will continue its activity in the coming period, as it is expected to host Minister of Labor Jamil Humaidan at the next meeting in May, as hoped.
H
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Bank victim of fraud worth hundreds of millions. Fraud showed CEO and employees created by AI in a video call – Executive Digest
#Bank #victim #fraud #worth #hundreds #millions #Fraud #showed #CEO #employees #created #video #call #Executive #Digest
A Singapore bank was the target of a fraud worth hundreds of millions by cybercriminals who used avatars of the CEO and other employees to carry out the scam.
The story began when a bank employee in Singapore received an email from the CEO, requesting the transfer of hundreds of millions of com
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PUBLIC TRANSPORT – The State wants to modernize taxis
| The capital’s taxis are, for the most part, vehicles in poor condition. |
The project to modernize Antananarivo taxis has not completely fallen through. It even emerges from the Greater Antananarivo Urban Mobility Forum that this project still appears in the State program. Valéry Ramonjavelo, Minister of Transport, confirms this. At the Ivato International Conference Center, the government member insisted on the fact that the State still intended to “find solutions to provide financing to help transporters renew their vehicles”. The majority of buses in the capital date
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Farmers denounce the sale of Moroccan tomatoes in Vaucluse supermarkets
The agricultural union FDSEA organized an operation in Vaucluse, this Friday morning, against the incorrect labeling of imported tomatoes in the department’s supermarkets. About ten members of the agricultural union went to the fruit and vegetable department of the Auchan du Pontet hypermarket check the origin of the tomatoes and indication of the origin of the products.
They had noticed, the day before, hundreds of baskets of Moroccan tomatoes. But at the time of the operation: nothing more. The department manager assures the growers that he no longer sells them, but accompanies them to the store’s cold room, where a tomato producer discovers “pallet” Moroccan tomatoes from the Azura brand, sold for 99 cents, with the origin written in small letters on the back of the product.
“We want to denounce the deception of the consumer, who is unable to find the origin of the product, and the fact that it is unfair competition. Because for us, labor costs us 17 euros an hour, compared to less than one euro per hour. ‘now now in Morocco’protests Vincent, a tomato producer from the Arles sector.
An origin inscribed “in dimension 1.3mm”
“Today, the origin of Morocco is marked with a size of 1.3 mm on the bottom of the traysays Jean-Pierre Perez, tomato producer in Saint-Rémy-de-Provence. And what we ask is that the origin is written as large as the brand and, on the other hand, that it is visible to the consumer and that there is a flag of the original country.”
The management of the Auchan du Pontet store did not respond to our requests. On site, the director of the department specifies that h
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Farmers denounce the sale of Moroccan tomatoes in Vaucluse supermarkets
JP Morgan Predicts Peak Gold Price of $2,600 an Ounce, Bullish Market Continues
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On April 25, JP Morgan said the bullish market for gold would continue, predicting a peak price of $2,600 an ounce. Photo taken in Munich in March 2014 (2024 Reuters/Michael Dalder)
[２５日 ロイター] – JPMorgan said on the 25th that the bullish market for gold will continue, with a peak price expected to reach $2,600 per ounce.
As for the rising copper price, the company said it will continue to rise towards its peak price target of $11,500 per tonne. The North Sea Brent futures price is expected to be $90 per barrel until the end of May and $85 per barrel in the second half of this year.
He also said he believes gold, which has been a top buy for the past two years, will be replaced by US natural gas futures.
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JP Morgan Predicts Peak Gold Price of $2,600 an Ounce, Bullish Market Continues
Polls: Calenda flop, very far from 4% The Renzi-Bonino alliance at 5%
Matteo Renzi and Carlo Calenda
Polls: Calenda flop, very far from 4% The Renzi-Bonino alliance at 5%
A twist in Emg voting intentions ahead of the European elections on 8-9 June. United States of Europe by Matteo Renzi and PiùEuropa well exceeds the
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Polls: Calenda flop, very far from 4% The Renzi-Bonino alliance at 5%
Basra crude achieves gains for the fourth week in a row
2024-04-06T05:26:26+00:00
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/ Basra crude oil achieved weekly gains for the fourth week in a row, wi
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Global Inflation Tsunami (GRAPHICS)
– 2024-04-26 11:38:17
/View.info/ What is happening with real inflation around the world is unprecedented. The rise in prices is so rapid and large-scale that it threatens the entire world economy. If we remember, half a year ago we were all moving towards deflation. After Japan’s economy, which was a guiding star for the rest. This systematic reduction of inflation in recent decades. In Japan, everything turned into deflation and stagnation of economic growth, from the glut of consumer demand.
Now practically all world prices are jumping at a tremendous speed.
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Building materials. The stock market price of wood in the United States approached $700 per cubic meter. Here is the price chart for 1000 board feet (analogous to the Russian cube).
The chart does not reflect the latest increase to $1,640. Price is for 1000 board feet. U.S. lumber has grown 4-5 times the average price for the past decade.
Rapid growth by 30-100%.
I think everyone has known about metals for a long time. The world price has doubled. And this is one of the foundations of construction.
In Russia, the value of the chipboard plate has jumped 2.5 times. Now the factory price for a sheet of 9 mm by 1.25 by 2.5 meters is more than 1150-1250 rubles per sheet. It was under 450 rubles a year or two ago.
2. In April, staple foods rose by 1.7%. Compared to April last year, the growth was 30.8%. The price of corn is actively growing
The growth is more than double.
3. Raw goods. The growth of two or three times for practically all metals and iron ore. For a year. And palladium has skyrocketed.
Copper jumps to $2,000 and analysts are sweating.
All plastics have jumped very strongly. Frost in Texas worsened the situation in March, when the equipment of a cluster for the production of various PVCs suffered.
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https://www.world-today-news.com/global-inflation-tsunami-graphics-2024-04-26-113817/
Lidl Greece is making new investments to modernize its stores
– 2024-04-26 12:12:28
Adhering to its plan to modernize its network, Lidl Greece opened state-of-the-art stores in its areas Rention 161-165 Piraeus Avenue & Fleming, at Chanioporta, Heraklion, Creteat the now new address on 2 Archiepiskou Makariou Street, as well as at Lefkadawith the expansion of the store located at the 2nd km of the Lefkada-Nydriou provincial road.
The modernization investment for the specific stores exceeds a total of 10.6 million euros and includes among others:
- aesthetic upgrade of the sales area for more comfortable purchases
- improved service experience
- easy and free parking for all customers
- even more product display points
- working environment for stor
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Lidl Greece is making new investments to modernize its stores – 2024-04-26 12:12:28