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US economic growth slows in 2022 as downturn fears loom
•The US economy expanded 2.1 per cent for all of 2022, down from the figure in 2021, according to Commerce Department data
Eggs-orbitant: Why poultry has been so expensive in US this year
Fp Staff •An elevated feed and energy costs for producers, in addition to high demand in the supermarket, avian flu has been the reason behind rising egg prices in the US
US: Holiday sales up 7.6% despite the squeeze of inflation
•US sales between 1 November and 24 December, a period that is critical for retailers, were fueled by spending at restaurants and on clothing
Asian stock markets sink under global recession fears
•Meanwhile, US inflation has eased to 7.1% over a year earlier in November from June’s 9.1% high but still is painfully high
Holiday gifts harder to afford this year, say Americans
•US inflation appears to be cooling; consumer prices fell for the fifth straight month in November, the government said on Tuesday
FPIs continue positive momentum, invest Rs 10,555 crore in equities in December
•According to data with the depositories, Foreign Portfolio Investors (FPIs) invested a net sum of Rs 10,555 crore in equities during 1 December to 16 December
US inflation slowed sharply to 7.1% over past 12 months
•Wall Street immediately welcomed Tuesday's better-than-expected inflation data as providing further support for the Federal Reserve to slow and potentially pause its rate hikes by early next year
High- profile US inflation report may show further slowing of price spikes
•Economists have forecast that consumer prices rose 7.3 per cent in November compared with a year ago, according to the data provider FactSet
Biden hops in at local restaurant for tacos and quesadillas, pays four times amount
Trendingdesk •The video has received mixed reactions from social media users amid growing inflation in the country.
Bank CEOs warn that US economy faces threat from high inflation, rising interest rates
•With inflation rising as high as 9 per cent this year, the US Fed has aggressively raised rates from near zero to a range of 3 per cent to 3.25 per cent in a few months. Fed Chair Jerome Powell acknowledged that households will feel an impact