The Guardian (September 28)
In the U.S., “consumer sentiment has slid sharply in light of today’s stubborn inflation, mixed with slower economic growth, high interest rates and huge economic uncertainty about trade wars and AI.” A University of Michigan poll found that “consumer sentiment fell in September to its second lowest level ever in the poll’s 74-year history. Only this past May was lower.”
Tags: AI, Consumer sentiment, Economic growth, Economic uncertainty, High interest rates, Inflation, Slid, Slower, Stubborn, Trade wars, U.S.
Washington Post (June 4)
“The European Central Bank on Thursday is almost certain to lower its benchmark interest rate for the first time in nearly five years. The move will come as the Federal Reserve remains on hold with plans to trim U.S. borrowing costs, amid inflation that is proving more stubborn than anticipated.” For the ECB, however, inflation appears to be “less of a problem than the weak growth outlook.”
Tags: Benchmark, Borrowing costs, ECB, Fed, Inflation, Interest rate, Lower, Outlook, Stubborn, U.S., Weak growth
