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...
economic performance
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....
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...
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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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
