Remote work has caused a "black hole" in U.S. office occupancy, knocking demand significantly below pre-pandemic levels and vacancy rates to historic lows, with a
April 26, 2024
Global shares and the dollar edged higher on Thursday after U.S. consumer price inflation moderated in July and boosted hopes the Federal Reserve is near the end of its rate-hiking cycle, but investors remained wary over data due to arrive before policymakers meet next. The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate less than expected to 3.2% from 3% in June. Economists polled by Reuters expected headline CPI to rise a bit faster at 3.3%. The pace of core CPI, which strips out volatile food
August 10, 2023
Global shares and the dollar rose on Thursday after U.S. consumer price inflation moderated in July and boosted hopes the Federal Reserve is near the end of its rate hiking cycle – but key data that still awaits policymakers kept investors cautious. The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% in June. Economists polled by Reuters expected headline CPI to rise to rise a bit faster at 3.3%. The pace of core CPI, which strips out volatile food and energy prices,
August 10, 2023
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