WASHINGTON — A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month. “Consumers are still pretty glum overall by historical standards, but sentiment is on an improving trend,’' said Carl Weinberg, chief economist at High Frequency Economics. The Michigan survey shows that consumers’ expectations for future inflation have come …
Exxon Mobil’s fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. The current quarter included a $2.3 billion impairment charge of which $2 billion related to regulatory obstacles in California that have prevented production and distribution assets from coming back …
Gold rates have seen tepid growth in the last few months while the equity market sentiment has been bullish on falling bond yields, healthy economic growth and easing inflation. Over the past six months, domestic spot gold prices have witnessed a modest uptick of approximately 6 per cent, underperforming the equity benchmark Nifty 50 which has exhibited a more robust …
The latest US inflation report, showing that price increases slowed in October, suggests that the economy just might get the ‘immaculate disinflation’ that everyone is hoping for: Inflation will fall to its pre-pandemic levels and remain there, and the US will avoid a recession. Expectations also explain why the Fed sets an inflation target: If everyone expects 2% inflation next …
