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The Daily NewsBrief

The Daily NewsBrief

Macro economics

US Economy Added 390,000 Jobs in May

June 3, 2022 by Fourth Estate Wire

Despite predictions of an economic downturn and a soaring rate of inflation, the US economy added 390,000 jobs in May, which was better than projected. According to data from the...


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Turkey’s Inflation Rate Soars 70% In April

May 5, 2022 by Fourth Estate Wire

Inflation in Turkey soared to nearly 70% in April, posing a huge challenge to the people who already complain about skyrocketing prices of daily basic necessities. The Turkish Statistical Institute...


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Reserve Bank of Australia Makes First Interest Rate Increase Since 2010

May 3, 2022 by Fourth Estate Wire

For the first time in more than 10 years, Australia raised its interest rate. Philip Lowe, governor of the Reserve Bank of Australia (RBA), said in a statement released today...


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US Jobless Claims Drop to 166,000

April 8, 2022 by Fourth Estate Wire

The United States Department of Labor (DOL) has reported a decrease in unemployment claims this week.  According to data released by DOL, the seasonally adjusted initial claims as of April...


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South Korea Central Bank Sees Challenging April 14 Policy Review

April 4, 2022 by Fourth Estate Wire

South Korea’s central bank senior deputy governor Lee Seung-heon said on Monday that the policy review meeting later this month will be challenging, citing higher inflationary risks and dim prospects...


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431,000 Jobs Added in March to the U.S. Economy

April 1, 2022 by Fourth Estate Wire

A total of 431,000 non-farm payroll employment were added to the United States (U.S.) economy last month, according to data released today by the country’s Bureau of Labor Statistics (BLS). ...


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UN Chief Warns Global Food System at Risk of ‘Meltdown’ Over Russia-Ukraine War

March 15, 2022 by Fourth Estate Wire

UN chief Antonio Guterres warned on Monday that the world must act to prevent a “hurricane of hunger and a meltdown of the global food system” that would be the...


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Russia Raises Key Rate to 20% in Emergency Move to Save Ruble

March 1, 2022 by Fourth Estate Wire

The Russian central bank raised its key interest rate from 9.5 percent to 20 percent on Monday in an emergency move, as sanctions from major countries over Moscow’s invasion of...


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IMF Warns Emerging Economies to Prepare for Fed’s Policy Tightening

January 10, 2022 by Fourth Estate Wire

The International Monetary Fund (IMF) warned on Monday that emerging economies should prepare for sudden policy moves from the Federal Reserve which could rattle financial markets and trigger currency depreciation...


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Biden Considers Philip Jefferson, Lisa Cook for Fed Seat

January 4, 2022 by Fourth Estate Wire

President Joe Biden is likely to nominate economists Philip Jefferson and Lisa Cook on the Federal Reserve board of governors, a move that would help achieve Biden’s promise of improving...


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