There are signs that the recovery from recession is not stoking inflation. The cost of living in the US rose at a slower pace while manufacturing has expanded in the New York and Philadelphia regions. Reports from the Federal Reserve Banks of those cities indicate that factories increased production...

Data released on Thursday, as regards the European economy, showed unexpected strength in the second quarter. Contrasting sharply with the situation at the beginning of the year these statistics offered the clearest evidence yet that rather than a recession Europe would most likely experience a very...

Any little positive sign seems to give people hope that the worst is over. The unemployment rate jumps to 8.9 percent, its highest level in a quarter century, but as it is not as bad as expected there is optimism that this long recession might be easing off. This latest government employment report,...