Last Mile of the Inflation Fight Will Be the Hardest
Lower housing and used-car costs are expected to push down the core index, but progress could then stall so long...
Economic News
U.S. Is Top Investment Destination Despite Falling Inflows
Worldwide foreign direct investment fell less sharply than feared last year but there are few signs of a rebound this...
Good News for the Fed: Shoppers See Lower Inflation on the Horizon
Americans believe that inflation rates for gasoline, education, medical care and food are near prepandemic levels. Source link
Labor Market Headfake? Key Report Could Be Overestimating Job Growth
The high-profile payroll survey could be overestimating job growth because of quirks in how the data are calculated. Source link
U.S. Inflation, Consumer Spending Growth Cooled in May
Consumer prices and spending rose more slowly in May, but the Federal Reserve likely remains on track to raise interest...
China’s Economy Shows New Signs of Weakness
Evidence of China’s flagging growth continues to roll in, raising questions about whether the government is doing enough to turn...
Why Economies Haven’t Slowed More Since Central Banks Hit the Brakes
Government aid and the effects of the pandemic are blunting the impact of higher interest rates, for now. Source link
Central-Bank Action Finally Cooling Global Economy, Data Indicate
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Biden’s Trade Challenge: Kicking the China Dependency Habit
Officials want to avoid trade deals whose rules boost China’s role in supply chains, Greg Ip writes. Source link
European Business Confidence in China Falls to Record Low, Poll Shows
Companies identified the country’s sluggish economy and U.S.-China trade tensions among the top challenges, a poll showed. Source link
These Businesses Are Getting Hit Hard by China’s Faltering Economic Recovery
The government in Beijing has pushed banks to extend loans to small businesses, with limited success. Source link
European Central Bank Raises Rates, Signals More Hikes to Come
The European Central Bank raised its key interest rate by a quarter percentage point, pressing ahead with its campaign against...
Fed Holds Rates Steady but Expects More Increases
Officials had approved interest-rate hikes at their previous 10 meetings to combat inflation. Source link
CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June...
China’s Central Bank Moves to Shore Up Recovery
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy. Source link
What’s Killing Productivity? Some Think It’s the Banks
June 13, 2023 12:00 am ETLONDON—The birthplace of the industrial revolution is in dire need of innovation. Standing in the...
China’s Inflation Problem? It Has None
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Inflation Drags Eurozone Economy Into Recession
High energy and food prices following Russia’s invasion of Ukraine hit household spending in Europe. Source link
China’s Trade Slowdown Points to Global Woes
Chinese exports fell at a steeper-than-expected pace in May, fueling concerns that global trade activity is cooling rapidly. Source link
The Global Brands Coming to a Shopping Mall Near You
American consumers have long been renowned for their spending power. Now global retailers want a bigger slice of the action....
