Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
Euro zone narrowly avoided a contraction as energy prices provide some relief.
Euro zone narrowly avoided a contraction as energy prices provide some relief.
In its latest economic update, the institution said the global economy will grow 2.9% this year.
The employment cost index increased 1% in the October-to-December period, the Labor Department reported Tuesday.
The personal consumption price index excluding food and energy for December increased 4.4% from a year ago.
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Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.
If Cuba loses in the U.K.'s High Court, it could ultimately cost the island nation billions in long overdue payments.