Economy

Brazil Cuts Rates for a Fourth Straight Time as Fed Holds Steady

Economy LoudFact News Desk -
Brazil's central bank cut its benchmark Selic interest rate to 14.0% in early August, its fourth consecutive reduction, even as the US Federal Reserve...

Consumer Sentiment Sinks, Retail Sales Fall as Wall Street Rally Stalls

Economy LoudFact News Desk -
US consumer sentiment fell sharply in early August and retail sales posted their steepest monthly decline in more than a year, according to data...

Ukraine’s Grain Exports Set to Plunge as Russian Strikes Choke Black Sea Ports

Economy LoudFact News Desk -
Ukraine's agricultural exports could fall by more than half this marketing year after intensified Russian attacks disrupted operations at...

July Inflation Holds at 3.4%, Easing Pressure for a September Rate Hike

Economy LoudFact News Desk -
The Consumer Price Index rose 3.4% year-over-year in July, matching economist expectations, according to Bureau of Labor Statistics data...

Markets Brace for Key Inflation Report as Oil Nears $90 a Barrel

Economy LoudFact News Desk -
US markets held largely steady Tuesday ahead of Wednesday's closely watched Consumer Price Index report, as oil prices extended...

Oil Jumps 9% in Three Sessions as Hormuz Deal Hopes Fade

Economy LoudFact News Desk -
Oil prices extended a sharp rally into Monday, climbing roughly 9% over three trading sessions as hopes faded for...

Oil Rises as Iran’s Draft Hormuz Plan Would Ban US and Israeli Ships

Economy LoudFact News Desk -
Oil prices climbed Friday after Iran published a restrictive draft plan for managing traffic through the Strait of Hormuz...

Stocks Hit Record High as Weak Jobs Report Boosts Fed Rate-Cut Hopes

Economy LoudFact News Desk -
US stocks closed at record highs Friday after the July jobs report showed the American economy unexpectedly shed 23,000...
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