Euro zone economy ekes out 0.1% growth in first quarter

Skyscrapers of the city center can be seen from the Lohrberg in the north of Frankfurt. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images The euro zone economy grew by a marginal 0.1% in the first quarter of the year, preliminary figures showed Friday, […]

Key inflation gauge for the Fed rose 0.3% in March as expected

Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that the Federal Reserve watches closely. The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, in line with the Dow Jones estimate. On an annual basis, so-called core PCE increased […]

IMF warns of ‘disorderly’ house price corrections in Europe amid high rates

A pedestrian inspects advertisements for residential properties for sale in Stockholm, Sweden. Bloomberg | Bloomberg | Getty Images STOCKHOLM, Sweden — The International Monetary Fund warned Friday of “disorderly” house price corrections in Europe, at a time when the region is struggling to bring down inflation. In its latest regional economic outlook for Europe, the […]

Phase 2 of Kofi Annan’s uniquely African green revolution

July 24 to 26, 2023, in Rome, U.N. Secretary-General António Guterres will convene a U.N. Food Systems Stocktaking Moment, the first global follow-up to the 2021 Food Systems Summit. The event will provide opportunities for nations to review commitments made during the summit and share success stories and evidence of transformation. Africa will likely be […]

2:00PM Water Cooler 4/27/2023 | naked capitalism

By Lambert Strether of Corrente. Bird Song of the Day House Sparrow, Lori Wilson Park, Brevard, Florida, United States. “Males fighting.” * * * Politics “So many of the social reactions that strike us as psychological are in fact a rational management of symbolic capital.” –Pierre Bourdieu, Classification Struggles Capitol Seizure “Prosecutor: Proud Boys viewed […]