Breaking News: Economy

Deflation: Here’s where prices fell in December 2023, in one chart

by
Deflation: Here's where prices fell in December 2023, in one chart

Extreme Photographer | E+ | Getty Images As inflation continues to decline across the US economy, some consumer categories have fallen into outright deflation. In other words: Americans are seeing a decline in the prices of some items. Economists said these declines were largely in physical goods rather than services. Demand for goods surged at … Read more

Shipping chief says continued Red Sea disruption could have ‘significant implications’ for global growth

by
Shipping chief says continued Red Sea disruption could have 'significant implications' for global growth

Continued disruptions to trade flows across the Red Sea could hit global economic growth, the head of one of the world’s largest container carriers said on Thursday. Maersk Chief executive Vincent Clerc said it remained unclear whether waterway passage would be restored in “days, weeks or months”, in comments first provided to the Financial Times … Read more