China’s Inflation Problem? It Has None
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economic performance
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
Why the U.S. Remains Far From Recession
The pandemic’s aftereffects are fueling economic resilience despite rising interest rates. Source link
U.S. Labor Market Shows Resilience With Strong May Hiring
The labor market has defied expectations of a slowdown this year with 339,000 jobs added in May. The unemployment rate...
U.S. Job Openings Rose in April, Reversing Three Months of Decline
Employers reported a seasonally adjusted 10.1 million job openings in April, up from a revised 9.7 million in March. Source...
China’s Recovery Slows Further as Factory, Services Activity Pulls Back
China’s factory activity contracted for a second straight month while growth in the services sector slowed. Source link
Biden, McCarthy Strike Debt-Ceiling Deal ‘in Principle’
Republicans and Democrats will now race to pass the agreement to raise the nation’s $31.4 trillion borrowing limit for two...
Spending and Inflation Figures Come as Fed Debates Pause
Economists estimate that Americans increased consumer spending last month and that price increases remained elevated. Source link
Germany Enters Recession in Blow to Europe’s Economy
The world’s fourth-largest economy shrunk for a second consecutive quarter as households cut their spending, which could prompt greater caution...
China Has a Youth Unemployment Problem Because College Grads Are Waiting for Jobs That Don’t Exist
Many economists say the problem reflects a jobs mismatch that could defy government solutions for years. Source link
Jerome Powell Keeps June Interest-Rate Pause in Play
Fed chair says banking strains could mean rates don’t have to rise as much to tame inflation Source link
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
China’s Youth Unemployment Tops 20% Amid Signs of Stalling Recovery
China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago....
Fed Official Signals Support for Further Rate Increases
Federal Reserve governor Michelle Bowman says there hasn’t been sufficient evidence of a labor market or inflation slowdown. Source link
CPI Report Shows Inflation Eased in April but Remains Stubbornly High
Inflation eased to 4.9% in April, the Labor Department said Wednesday, as the economy showed signs of cooling. Source link
America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks
Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates....
Robust Hiring in April Shows U.S. Job Market Remains Hot in Cooling Economy
Hiring picked up as employers added 253,000 jobs last month. The unemployment rate fell to 3.4%. Source link
U.S. Trade With World Rose in March on Energy, Auto Shipments
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Federal Reserve Raises Rates, Signals Potential Pause
Central bank officials remove earlier guidance that had pointed to further increases. Source link
