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Federal Reserve

German Finance Head Advises US on Spending in Washington

TL/DR - German Finance Minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing that it has not effectively controlled consumer prices in the US. Lindner spoke out against those urging him to ease controls on public spending in order to solve issues such as deteriorating…

US Consumer Confidence Beats Expectations, Defies Recession Fears

US Consumer Confidence Jumps Beyond Expectations in September The Consumer Confidence Index in the US rose above the expected value in September to 108.0 from 103.6 in August. This leads to an extension of a sentiment rebound that began last August raising confidence in the US economy. US Consumers Defy Wall Street's Recession Fears The recent rise…