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...
Monetary Policy
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
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....
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
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...
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
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
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...
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
WSJ News Exclusive | Fed Official Is Open to Forgoing June Rate Hike
Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting. Source...
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
Biden to Nominate Philip Jefferson for Fed’s No. 2 Job
The president will also tap economist Adriana Kugler for a Fed board seat. If confirmed, she would be the first...
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
Federal Reserve Raises Rates, Signals Potential Pause
Central bank officials remove earlier guidance that had pointed to further increases. Source link
New Zealand Economy Well Placed to Handle Surge in Rates, RBNZ Says
SYDNEY—New Zealand’s financial system is well placed to handle rising interest rates and uncertainty in the international financial system, the...
