Bloomberg Markets
The US economy grew at a weaker-than-expected pace in the second quarter as inflation-adjusted gross domestic product increased an annualized 1.5% in the period, despite a pickup in consumer spending and solid business investment. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)
Bloomberg Markets
Bank of England Deputy Governor Clare Lombardelli says her vote to hold interest rates steady at 3.75% on Thursday was not a close judgment. "I was pretty clear that holding rates at the current level was the right thing to do," she says at a press conference in London following the central bank's decision to keep rates unchanged. (Source: Bloomberg)
Washington Post Business
The economy slowed to 1.5 percent growth in the second quarter, the Commerce Department said Thursday. Inflation cooled to 3.3 percent, but stayed well above the Federal Reserve's target.
NY Times Business
Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.
NY Times Business
Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.