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Tag: rate

China’s birth rate drops to record low

New figures from China show the population is in decline for the first time in more than sixty years. The national birth rate hit a record low – 6.77 births per 1,000 people. If these trends continue, a shrinking number of workers will have to support a growing number of retirees. Labour shortages and a smaller tax base could majorly impact the economy. Economists say…

US Weekly Jobless Claims Hit August Highs, Boosting Chance for Fed Rate Hike Pivot

WASHINGTON (Sputnik) – US jobless claims hit their highest levels since August last week, from near historically low levels of unemployment in the week prior, according to Labor Department data on Wednesday that appeared to bolster the chance of the Federal Reserve tapering its rate hikes to cool inflation. The post US Weekly Jobless Claims Hit August Highs, Boosting Chance for Fed Rate Hike Pivot…

Argentina hikes rate to 69.5% as inflation surges to 30-year high

Argentina’s monthly inflation for July was the highest in twenty years – at 7.4 percent. That means accumulated inflation for the year so far is more than 46-percent – and is projected to rise above 90-percent by the end of 2022. High inflation is an almost-constant problem in Argentina. Al Jazeera’s Daniel Schweimler reports from Lujan, Argentina. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on…

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