Rapid consumer price inflation in the United States is masking signs of an economic slowdown that could threaten the longevity of current growth. While nominal personal consumption spending grew by 3.4% between October 2021 and March 2022 (the most recent month for which data are available), accounting for higher prices shows that personal consumption spending was flat overall. And inflation-adjusted retail sales look even worse, having been flat since March 2021. This slowdown is also showing up in public-opinion data.
It used to be that who you were at birth defined who you were for the rest of your life:
Rapid consumer price inflation in the United States is masking signs of an economic slowdown that could threaten the longevity
DADELDHURA:- Nepali Congress (NC) has registered its victory in five out of seven local levels of Dadeldhura district. NC candidates
KATHMANDU:- Prime Minister of India, Narendra Modi, is arriving on an official visit to Nepal on Monday, May 16. He
By OLEKSANDR STASHEVSKYI and CIARAN McQUILLAN, KYIV, Ukraine (AP):- The battle that turned Mariupol into a worldwide symbol of defiance and suffering drew toward a close as Russia said nearly 1,000 last-ditch Ukrainian fighters who held out inside a pulverized
STOCKHOLM, (AFP):- Finland and Sweden are expected to announce this week whether to apply to join NATO following Russia's Ukraine invasion, in what would be a stunning reversal of decades-long non-alignment policies. The Nordic nations have been rattled by Moscow's
BEIJING, (AFP):- China said Tuesday it has sealed a wide-ranging security pact with the Solomon Islands, an agreement the United States and its regional allies fear could give Beijing a military foothold in the South Pacific. The confirmation came a day after Washington discouraged a security agreement between the countries, with top US diplomats headed to the South Pacific this week to curb Beijing's inroads. But Chinese foreign ministry spokesman Wang Wenbin told reporters on Tuesday: "The foreign ministers of
By N24 Correspondent, KATHMANDU:- As the 63rd anniversary of the Tibetan uprising approaches on March 10, 2022, Taiwan-based non-governmental organisations
By N24 Correspondent, KATHMANDU:- In what appears as a cultural attack on Tibetans and their faith, China has targeted and
SACRAMENTO:- Governor Gavin Newsom today announced $15.5 million in awards for two new Homekey projects located in Oakland and Mammoth Lakes. When fully operational, the new Homekey projects will provide 53 housing units for people experiencing, or at risk of experiencing, homelessness. Since the announcement of Governor Newsom’s $2.75 billion extension of Homekey last year, the state has approved 70 projects that will create more than 4,000 housing units for unhoused Californians, for an allocation totaling more than $1.1 billion.
By AAMER MADHANI and JOSH BOAK, WASHINGTON (AP):- President Joe Biden departs on a six-day trip to South Korea and
JERUSALEM (AP):- Palestinian protesters and Israeli troops clashed in the occupied West Bank on Tuesday as thousands of Israelis marched
KATHMANDU:- The price of gold exceeded Rs 100 thousand in the domestic market today. According to the Federation of Nepal
KATHMANDU:- The Nepal Bankers' Association (NBA), an organisation of chief executive officers of commercial banks, has decided not to issue
KATHMANDU:- The Millennium Challenge Corporation (MCC) Compact has been published in the Nepal Gazette, the government's official bulletin. With this,
KATHMANDU:- Although agriculture has been a major sector of the country's economy as the main source of livelihood, employment and
KATHMANDU:- The 23-day cleanup campaign launched in the Kathmandu Valley on the occasion of Maha Shivaratri, 2022 concluded on Wednesday
KATHMANDU:- Nepal Police have urged the general public to put precautionary measures to prevent possible incidents of fire in the
KATHMANDU:- The wide-body A-330 aircraft has successfully completed the 'operational performance test flight' today at Bhairahawa-based Gautam Buddha International Airport
By Ramesh Lamsal, KATHMANDU:- So far, 176 aspiring mountaineers have obtained permit for Sagarmatha (Mt Everest) expedition this spring and
NEW YORK, (AFP):- Twitter shares climbed Thursday after reporting mixed earnings, but continued to lag the price in the company's
KATHMANDU:- The Nepal Telecom (NT), government-owned telecom service provider, is set to distribute e-SIM to its subscribers. The Nepal Telecom
KATHMANDU:- Four more people have tested positive to Corona Virus in the last 24 hours across the country. This was
KATHMANDU:- The chariot procession of Seto Machhindranath, the god of rain and good times, has begun on Saturday. On the
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