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Today in History: In 1994, former President Nixon remembered at funeral service

Today is Saturday, April 27, the 118th day of 2024. There are 248 days left in the year.

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Slow, but solid US economic growth anticipated in Q1; inflation likely heats up

U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing financial market expectations that the Federal Reserve would delay cutting interest rates until September. The Commerce Department's snapshot of first-quarter gross domestic product on Thursday is expected to show consumers still doing the heavy lifting for the economy, thanks to a resilient labor market. The economy has defied prophecies of doom since late 2022 following the U.S. central bank's aggressive rate hiking campaign to snuff out inflation.

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No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen

But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’.

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Reformers reach a turning point | Article Preview

Finance ministers and IMF officials see a route out of the post-pandemic gloom but average per capita incomes are flatlining or shrinking, Africa's economies may be at a turning point should the 'right policy choices' be made according to the IMF's African Department Director Abebe Selassie. The IMF and the African Development Bank (AfDB) both forecast GDP growth at 3.8% in Africa this year although the two institutions define the states making up Africa differently.* Whichever formula is used, average incomes on the continent are barely growing in per capita terms (see accompanying graphs).

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US birthrate dips to record low in line with global trend

US fertility rates have been trending down for decades.

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IMF forecasts India will become fourth-largest economy by 2025, third by 2027

India has improved its per capita GDP ranking from 153 in 2018 to 144 in 2023, going past the Republic of Congo, Ghana, Kenya, Cambodia and the Lao People’s Democratic Republic. By 2029, it is forecast to overtake Uzbekistan, Papua New Guinea and Angola

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Dollar's Extended Reign Delivers Stark Wake-Up Call for Markets

(Bloomberg) -- The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeHaving

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'Students are scared.' Columbia crisis spirals as tensions simmer and protests continue | News

The turmoil at Columbia University ramped up on Monday as simmering tensions on campus halted in-person classes and officials scrambled to ease security fears.

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South Africa faces upside risk to inflation, financial conditions - Central Bank

There are upside risks to the inflation outlook

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IMF predicts 'soft landing' for European economy despite challenges

The European economy is well placed to bounce back from years of crisis, a leading International Monetary Fund figure said on Friday, while warning of disruptions to the continent's recovery. The IMF is "forecasting a soft landing," said Alfred Kammer, the director of the agency's European Department, in remarks at the spring meeting of the IMF and World Bank in Washington. "Policymakers did a remarkable job" in responding to the economic shocks brought on by the pandemic and Russia's invasion o

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