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Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983.

Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983.

by SmartTipsConsultants | Jan 31, 2022 | Economic News

A gauge the Federal Reserve prefers to measure inflation rose 4.9% from a year ago, the biggest gain going back to September 1983, the Commerce Department reported Friday. The core personal consumption expenditures price index excluding food and energy was slightly...
Abu Dhabi investor in chip giant GlobalFoundries sees exponential growth for the industry

Abu Dhabi investor in chip giant GlobalFoundries sees exponential growth for the industry

by SmartTipsConsultants | Dec 15, 2021 | Economic News

The semiconductor industry is on track to record exponential growth over the next decade, according to the CEO of Abu Dhabi sovereign wealth fund Mubadala, who said chipmakers are poised to play a “crucial” role in the global economy. “It took 50 years for the...
Inflation likely to hit 5%, warns Bank of England chief economist

Inflation likely to hit 5%, warns Bank of England chief economist

by SmartTipsConsultants | Oct 26, 2021 | Economic News

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw Pill told the Financial Times that the Bank would have a “live” decision to make at its next interest rate-setting meeting...
Expo2020 Dubai: Nearly 1.5 million visits were recorded in 24 days

Expo2020 Dubai: Nearly 1.5 million visits were recorded in 24 days

by SmartTipsConsultants | Oct 25, 2021 | Economic News, Expo2020

Dubai Expo 2020 recorded nearly 1.5 million visits since its opening on October 1, organisers said, on Monday. “A total of 1,471,314 visits were recorded in the first 24 days since the Expo opened,” said Sconaid McGeachin, the senior vice president of...
Inflation expectations surge, hitting new high for New York Fed survey

Inflation expectations surge, hitting new high for New York Fed survey

by SmartTipsConsultants | Jul 13, 2021 | Economic News

Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district. The June Survey of Consumer Expectations showed that median inflation...
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