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Economy

A collection of 596 issues

October consumer price index data is a welcome relief, but there is still a long way to go, - Logan of the Fed

It may soon be appropriate to slow the pace of rate hikes. The Fed will gradually prepare for a reversal. But the U.S. economy has already begun to cool a bit. Unemployment is up and inflation is falling and will likely continue to fall as real wages have fallen

Counting is still underway in five U.S. states, with Democrats winning in two and Republicans in three.

The Senate is likely to be split 50-50. With that, Kamala Harris will ensure the Democrats have a majority. Reasons for the Republicans' failure: the gun issue and Trump. 28% of voters said their vote in the House election was "against Trump," and 90% of them supported Democrats. 56% of

Russia sends oil across the Arctic Circle to China for the second time in history

According to Bloomberg, a ship with a small cargo crossed the northern coast of Russia last weekend and passed through the Bering Strait. The route is 3,300 miles long. However, it is still a fast enough route for shipments to China. Earlier we wrote that the Russian Federation sent

China is considering steps to repeal Covid-Zero, but no timeline yet, WSJ

According to the magazine's sources, Chinese leaders are considering lifting the tough restrictions that have held China's economy in check for nearly three years. There is growing concern that the costs of "zero tolerance" for the virus are too high. Rumors about cancellation of Covid-zero have been circulating since last

Amazon will suspend the hiring of its corporate workforce

Nevertheless, the company believes it will be able to hire a significant number of employees in 2023. For now, Amazon, like many IT giants, is trying to cut labor costs as much as possible. However, there is little impact on the macroeconomy: vacancies are plentiful in the market, and human

Bank of England raises rate by 0.75% to 3%, but looks like tightening cycle will weaken

The Bank of England believes that if interest rates go behind the market rate curve, the U.K. economy will be in recession. As a result, the Bank of England believes that peak interest rates will be lower than the market expects.

TikTok could be banned in the U.S., Axios

The Council on Foreign Investment in the United States (CFIUS) should take action to ban TikTok, Brendan Carr, one of five commissioners of the Federal Communications Commission, told Axios. The TikTok app has more than 200 million downloads in the U.S. The U.S. continues to fear "threats to

A new payment system appeared in Russia - Frank RG

The Bank of Russia has registered a new payment system, its name is "Astrasend". The operator of the new system is NPO "Inkahran", which, in turn, belongs to the Moscow Credit Bank. So far not much is known about the payment system. But in its rules it is noted that

Russia Obtains Chips for Military Purposes from Imported Refrigerators, Bloomberg

Russia may receive microchips for military purposes from household appliances bought in friendly countries, the newspaper said. Bloomberg collected data from Eurostat: Armenia imported more washing machines from the EU in eight months than in the past two years.In August, Kazakhstan imported $21.4 million worth of European refrigerators

U.S. GDP rose 2.6% in Q3, compared to the forecast of 2.4%

But all is not well: New orders for durable goods fell 0.5% y/y, the worst performance since 2020. Capital investment was also down 0.5%. GDP was pulled by foreign trade. Earlier, the U.S. Department of Energy said that U.S. energy imports reached a new record.