US labor cost growth is the smallest in a year; Work is constantly tight

The Employment Cost Index rose 1.0% in the fourth quarter wages and salaries increase by 1.0%; 5.1% increase year-on-year The Consumer Confidence Index fell to 107.1 in January House price inflation slows further in November WASHINGTON (Reuters) – U.S. labor costs rose at their slowest pace in a year in the fourth quarter as wage … Read more

US consumer spending ends 2022 on weaker grounds; slowing inflation

Consumer spending fell 0.2% in December personal income increases by 0.2%; The savings rate rose to 3.4%. Core PCE price index rose 0.3%; 4.4% increase year on year WASHINGTON (Reuters) – U.S. consumer spending fell for the second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of leading public and private economists surveyed by the World Economic Forum expect a global recession in 2023, the organizer of the Davos Forum said on Monday, as business and government leaders gathered. its annual meeting. About 18% considered a global recession “highly likely” — more than double that of … Read more