Hiring Has Stayed Strong. Here’s Where to Look for Signs of Cooling.
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Economic News
Bank of England Raises Key Interest Rate by Quarter Percentage Point
The central bank increased its key rate for the 14th time in a row and said it may do so...
Workers to Employers: We’re Just Not That Into You
In the postpandemic economy, we are living more and working less. Source link
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source...
Why Trucking Giant Yellow’s Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on...
DeSantis Calls for Ending Normal Trade Ties With China
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While Everyone Else Fights Inflation, China’s Deflation Fears Deepen
Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling...
How the U.S. Economy Is Sticking the Soft Landing
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Inflation and Wage Growth Ease as Fed Considers Next Move
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Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
U.S. Economic Growth Accelerates, Defying Slowdown Expectations
The economy expanded at a 2.4% annual rate in the second quarter, remaining well clear of a recession despite higher...
Could a Recession Still Be Years Away? Steady Growth, Moderating Inflation Improve Odds of Extended Expansion
If the Federal Reserve achieves a soft landing, history suggests the economy could keep growing four or five more years....
High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
China’s Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June,...
A Buoyant Global Economy Is Starting to Sag
Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt...
Markets Appear Convinced the Fed Can Pull Off a Soft Landing
Stocks surged this past week on evidence that inflation is cooling. Source link
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
Measure It Differently, and Inflation Is Behind Us
If you gauge U.S. price changes the way Europe does, inflation was already below 3% in May and dropped further...
CPI Report Shows Inflation Eased to 3% in June
Inflation eased in June to its slowest pace in more than two years, but remained above the Federal Reserve’s goal....
