US economic growth showed “widespread signs of deceleration” in August, says the Federal Reserve’s Beige Book.
President Barack Obama has urged the US congress to approve massive business tax breaks to boost the faltering US economy.
The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 19th consecutive month. Many economists expect no movement on interest rates until early 2011. Meanwhile, all nine members of the MPC are expected to keep the quantitative easing [...]
The Bank of Canada has elected to raise interest rates for the third time in as many months, despite a slowdown in economic growth. The Bank raised rates from 0.75% to 1% but explained that further rate hikes would need to be carefully considered because of an uncertain outlook. The rise comes just a week [...]
A report by the Recruitment and Employment Confederation (REC) and KPMG has raised fears over the strength of the UK job market. The survey of 400 recruitment consultancies showed job appointments grew at their slowest rate since October 2009 last month. Kevin Green, chief executive of the REC, comments: “We are concerned about the UK [...]