Economy Week Ahead: U.S. Trade in Focus
EconomyEconomy Week AheadFed Chairman Jerome Powell to speak at an event in Washington Source link
Monetary Policy
Larry Summers: More likely the Fed can pull off a soft landing, but don’t get hopes up | CNN Business
New York CNN — After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more...
Booming Job Gains Could Fuel Fed Debate Over Whether More Is Needed to Corral Inflation
EconomyU.S. EconomyOfficials seeking to fight inflation could face tricky decisions if wage growth slows and hiring stays strong Source link
Blackouts and soaring prices: Pakistan’s economy is on the brink | CNN Business
Islamabad/London CNN — Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost next...
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
Economy Week Ahead: U.S. Interest Rates, Labor Market in Focus
EconomyEconomy Week AheadJob reports will gauge U.S. wages, openings and overall labor market, while Fed meets to consider raising rates...
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Economy Week Ahead: U.S. GDP, Household Spending in Focus
EconomyEconomy Week AheadBusiness-activity surveys from around the world, as well as Canada’s monetary-policy decision, are on tap Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Inflation in Japan hits highest level in 41 years | CNN Business
Tokyo Reuters — Japan’s core consumer prices in December rose 4.0% from a year earlier, double the central bank’s 2%...
Top Fed Official Sees Inflation Decline as Notable Improvement
A top Federal Reserve official said the recent decline in inflation was an important development that could raise questions over...
WSJ News Exclusive | Iraq Economy Reels as U.S. Moves Against Money Flows to Iran
Iraqis are blaming a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York for...
Why Egypt is asking its people to eat chicken feet | CNN Business
Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside...
Fed’s Barkin and George Say Inflation Fight Isn’t Over Despite Promising Signs
Inflation readings have been encouraging recently, but the Fed’s fight against rising prices isn’t over, the leaders of the Richmond...
Fed Official Sees Progress on Inflation, Says More Rate Rises Needed
The Federal Reserve’s short-term benchmark rate isn’t yet at a level high enough to sufficiently slow the U.S. economy to...
Here’s what will drive markets this year | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Retiring Fed President Challenged the Consensus Inside Central Bank
The Federal Reserve is set to lose one of its more diligent skeptics when Esther George, president of the Federal...
Here’s what could tip the global economy into recession in 2023 | CNN Business
London CNN — The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central...
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
