Morning commute slows across New Jersey due to crashes, delays, and water main breaks
NEWARK, N.J. — Morning commuters across New Jersey are facing heavy delays due to a series of crashes, lane closures, and ongoing congestion, with major roadways experiencing significant backups. Traffic on the…
Australia business activity slows sharply in May, more risks ahead
SYDNEY (Reuters) – Australia’s business conditions eased sharply in May, dented by slower gains in sales and employment, suggesting demand growth is moderating in the wake of the central bank’s most aggressive…
Portugal’s inflation slows down sharply to 4% in May
LISBON (Reuters) – Portuguese consumer prices rose 4.0% year-on-year in May in a significant slowdown from a 5.7% increase the previous month, also slipping slightly on a monthly basis, flash data released…
Colombia’s central bank could end rate hikes if inflation slows more -board chief
BOGOTA (Reuters) – Colombia’s central bank could call time on its upward monetary cycle after inflation in Latin America’s fourth-largest economy slowed in May, bank board chief Leonardo Villar said on Tuesday.…
South Korea producer inflation slows to 27-month low in April
SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and utility prices fell, central bank data showed on Thursday. The Producer Price…
Nigeria GDP growth slows ahead of interest rate announcement
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a government plan to swap old banknotes for…
Output slows at Stellantis plant in Italy as workers strike over conditions
By Giulio Piovaccari MILAN (Reuters) – Vehicle production has been slowed at a Stellantis plant in southern Italy in the past few days due to strikes by employees protesting over working conditions,…
ECB slows rate hikes and keeps options open
FRANKFURT (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight against stubbornly…
Global rate hike push slows to a trickle in April ahead of busy May
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Interest rate hikes from central banks around the globe slowed to a trickle in April thanks to a combination of easing inflation and…
US Economic Growth Slows To A Crawl
US Economic Growth Slows To A Crawl Jason Cohen on April 27, 2023 The U.S. economy slowed to a 1.1% annual growth rate in the first quarter of 2023, according to GDP…
South Africa’s producer inflation slows to 10.6% y/y in March
JOHANNESBURG (Reuters) – South Africa’s producer inflation slowed to 10.6% year-on-year in March from 12.2% in February, statistics agency data showed on Wednesday. On a month-on-month basis, the producer price index was…
Fed tilts toward rate hike, with a possible pause in view as lending slows
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a survey of…
Canada’s inflation rate slows to 4.3% in March, slowest pace since 2021
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate eased in March to 4.3%, its slowest pace in 19 months but still more than double the Bank of Canada’s…
Brush fire on Parkway slows Friday evening rush
WALL TOWNSHIP, NJ – A brush fire along the Garden State Parkway in the area of Wall Township slowed traffic along the Garden State Parkway during the Friday evening rush hour. State…
The case for a ‘one and done’ Fed rate hike grows as economy slows
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Economic data has begun to fill in the portrait of a U.S. economy that is losing momentum, with reports over the last seven…
Japan March wholesale inflation slows for 3rd straight month
TOKYO (Reuters) – Japan’s wholesale prices rose 7.2% in March from a year earlier, with the pace of increase slowing for the third straight month, data showed on Wednesday, offering some relief…
Philippine central bank may consider pausing rate rises if inflation slows
MANILA (Reuters) – The Philippine central bank may consider pausing its monetary tightening next month if April inflation does not accelerate, the bank’s governor said on Sunday. Bangko Sentral ng Pilipinas Governor…
U.S. service sector slows in March; inflation cooling – ISM survey
WASHINGTON (Reuters) – The U.S. services sector slowed more than expected in March as demand cooled, while a measure of prices paid by services businesses fell to the lowest in nearly three…
German consumer morale slows down on path to recovery – GfK
BERLIN (Reuters) – German consumer sentiment is set to nudge up in April as energy prices have relented somewhat from record highs, though a full recovery is not in sight anytime soon,…
US annual house price growth slows further in January
WASHINGTON (Reuters) – U.S. single-family home prices moderated further on an annual basis in January, which together with declining mortgage rates could pull buyers back into the housing market. The S&P CoreLogic…
Australia retail sales growth slows to 0.2% in February
SYDNEY (Reuters) – Australian retail sales eked out a meagre gain in February after wild swings around year-end holidays, indicating shoppers are reining in spending in the face of higher costs of…
Euro zone lending slows again in Feb, ECB says
FRANKFURT (Reuters) – Bank lending to euro zone companies slowed for the fourth straight month as an economic downturn and increased caution from lenders appear to be taking their toll, European Central…
Instant view: Canada annual inflation rate slows to 5.2% in February
TORONTO (Reuters) – Canada’s annual inflation rate fell to 5.2% in February, largely on the base year effect, as higher mortgage interest offset lower energy prices, Statistics Canada said on Tuesday. Analysts…
Car carrier fire slows traffic on New Jersey Turnpike
CHERRY HILL, NJ – A tractor-trailer carrying several cars burst into flames on the New Jersey Turnpike near mile marker 29.8 in the area of Cherry Hill last week. The Cherry Hill…
Russian consumer inflation slows to 11% in Feb as rate decision looms
(Reuters) – Annual inflation in Russia slowed in February but remains elevated, data from the state statistics service Rosstat showed on Friday, leaving the central bank with limited room to lower interest…
Ukraine’s GDP fall slows to 26% in February – economy ministry
KYIV (Reuters) – Ukraine’s gross domestic product fell by 26% in February after a 32% drop in January, the economy ministry said on Wednesday. Economy Minister Yulia Svyrydenko said in a statement…
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