household

US jobs report fails to dampen momentum in European markets

European markets bolstered by US household confidence

Frankfurt closed up 0.74%, Paris 0.14% and London 0.47%. Milan loose 0.49% in the last exchanges and Zurich yields 0.24%. Global stock markets were up on Friday, bolstered by the recovery in US consumer confidence in August, reassuring news that comes on top of encouraging inflation figures. The New York indices were largely in the …

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Inflation weighs on household spending in the United States

Inflation weighs on household spending in the United States

US household spending slowed in May due to record inflation and incomes not rising enough to offset soaring prices, which could however satisfy the US central bank. In May, spending rose just 0.2% from 0.6% in April and income rose 0.5%, according to Commerce Department data released Thursday. At the same time, inflation accelerated to …

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