Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says
"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.
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Jamie Dimon Calls on US to Focus on Fiscal Deficit
The United States needs to focus on reducing its fiscal deficit or it could become a "far more uncomfortable" problem in the future, JPMorgan Chase CEO Jamie Dimon said in an interview with Sky News Wednesday.
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Retail Sales Unchanged as Inflation Curbs Spending
Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome.
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Inflation eases in April with consumer prices rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
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Inflation Eases to 3.4%, Below Estimates
U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut.
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CPI May Provide Clues to Future Path of Prices, Rates
It's perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level - or will last year's steady decline resume sometime soon?
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