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In a recent speech to the Money Marketeers of New York University Inc, Federal Reserve Bank of Atlanta President, Raphael Bostic, expressed cautious optimism regarding inflation pressures in the United States. While acknowledging progress in slowing down inflation, Bostic emphasized the need for continued vigilance before considering interest rate cuts. This article examines Bostic’s remarks
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Airbus, the world’s largest commercial planemaker, recently announced higher 2023 results, showcasing its ability to thrive in the aviation industry. With a 4% increase in core adjusted operating profit to 5.8 billion euros and an 11% rise in revenue to 65.4 billion euros, the company has demonstrated its financial strength. Furthermore, Airbus predicts a core
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The U.K. economy has taken a hit, slipping into a technical recession in the final quarter of last year, according to initial figures released by the Office for National Statistics. Gross domestic product (GDP) for the country shrank by 0.3% in the final three months of the year, marking the second consecutive quarterly decline. While
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Asian shares took a hit on Wednesday as Wall Street’s negative performance and a stronger dollar led traders to reduce their expectations for rate cuts by the Federal Reserve. This shift came after an unexpected increase in U.S. inflation, which raised the consumer price index (CPI) by 3.1% on an annual basis, surpassing forecasts of
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