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High Personal Income Growth Solidifies Case for Rate Hike
Extremely high personal income growth throughout the United States is making the case for the Federal Reserve to raise interest rates in December. A new study by the Bureau...
U.S. Unemployment Falls as Manufacturing Gains
Initial unemployment claims fell in the U.S. as one indicator of manufacturing activity showed a modest increase. Weekly initial unemployment claims fell to 271,000, according to a new report...
Japan Falls into Recession during Third Quarter
Japan lapsed into a technical recession for the second time since Prime Minister Shinzo Abe's tenure in office, according to Bloomberg. GDP dropped at an annual 0.8 percent in...
World Bank Sanitation Report Honors World Toilet Day
The Pacific region has seen enormous growth in urban populations as more and more people migrate from rural areas to capital cities. As a result, water, sanitation, and health...
Fed President Urges Rate Hike despite Deflationary Housing
A Federal Reserve president has said he wants an interest rate hike immediately, although new data suggests the housing market is turning weaker in the country. Atlanta Fed President...
Indonesian Economy Makes Marginal Improvement
The Indonesian economy continues to stagnate amid low commodity prices and slow domestic demand, according to Bloomberg. GDP growth came in at 4.73 percent from July to September, missing...
IMF Likely to Downgrade Jordan’s Growth Forecast Again
The International Monetary Fund (IMF) appears on the verge of downgrading Jordan's growth forecast due to sluggish economic performance in the first half of 2015. Regional instability has also...
Inflation Ticks Upwards, Housing Improves in U.S.
Indications of quickening inflation and improvements in the housing market indicate the U.S. economy is continuing to improve. The Consumer Price Index rose 0.2% in October according to the...
Nigerian Economy Shrinks in Third Quarter
Nigerian economic expansion contracted to 2.84 percent in the third quarter, a stark contrast from 6.23-percent seen from a year before, according to Reuters. Crude prices dropped roughly 60...
OECD Agrees to Restrict Subsidies for Development of Coal Power Technology
On Tuesday, November 17, Members of the Organization for Economic Cooperation and Development (OECD) struck a deal to restrict financial subsidies used to support the export of technology related...