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Independent economic researchers Capital Economics say it is 'increasingly clear' monetary policy tightening is doing its work and the rate-hiking cycle is already over, with cuts coming next year
Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say.Output will expand 2.1 percent in...
"Recessions seem more likely than not in most cases," Capital Economics senior global economist Simon MacAdam said in a note.
By Anne D'Innocenzio, Paul Wiseman and Dee-Ann Durbin | The Associated Press Shoppers glide past a display of big-screen televisions in a Costco warehouse
Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure matched the pace of consumer inflation in June from the prior month, underscoring…