U.S. business inventories rise faster than forecast in September

Source: RTT News
Business inventories in the world's largest economy advanced at a faster rate than economists originally predicted in September, the latest data published by the Commerce Department revealed on Wednesday. The data showed that business inventories added 0.6% in September following a 0.4% gain in the month before, while it was predicted to rise 0.3%.

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Thu, 21 Nov 2013 11:55:04 GMT

Fed releases minutes from last policy meeting

The U.S. Federal Reserve decided to maintain its easy-monetary policy of bond purchases totalling $85 billion per month on its last meeting, according to the minutes published from the central bank's last meeting on Thursday. The minutes also revealed that the Fed's officials debated whether to set a calendar date for the end of the stimulus.

Thu, 21 Nov 2013 11:33:04 GMT

India's inflation is set to fall below 5%

Wholesale price inflation in the Asian third largest economy is set to moderate to a level below 5% as fruit, vegetables, meat, eggs and mild prices are elevated and are pushing the inflation rate higher, the country' finance minister said on Thursday. India's inflation advanced 7% on a monthly basis in October from a level of 6.46% recorded in September.

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