China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
Updated Aug. 15, 2023 3:35 am ETListen to article(2 minutes)SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment...
Updated Aug. 15, 2023 3:35 am ETListen to article(2 minutes)SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment...
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The central bank increased its key rate for the 14th time in a row and said it may do so...
Competing effects of central banks, healing supply chains affect recession odds. Source link
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt...
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
Inflation eased in June to its slowest pace in more than two years, but remained above the Federal Reserve’s goal....
Americans believe that inflation rates for gasoline, education, medical care and food are near prepandemic levels. Source link
Consumer prices and spending rose more slowly in May, but the Federal Reserve likely remains on track to raise interest...
Government aid and the effects of the pandemic are blunting the impact of higher interest rates, for now. Source link
The European Central Bank raised its key interest rate by a quarter percentage point, pressing ahead with its campaign against...
Officials had approved interest-rate hikes at their previous 10 meetings to combat inflation. Source link
The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June...
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy. Source link
Chinese exports fell at a steeper-than-expected pace in May, fueling concerns that global trade activity is cooling rapidly. Source link
The pandemic’s aftereffects are fueling economic resilience despite rising interest rates. Source link
The labor market has defied expectations of a slowdown this year with 339,000 jobs added in May. The unemployment rate...
Economists estimate that Americans increased consumer spending last month and that price increases remained elevated. Source link
Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting. Source...