Week Ahead for FX, Bonds: U.S. Jobs, ISM Data in Focus
U.S. jobs data and ISM surveys on manufacturing and services activity will be in focus as investors assess the outlook […]
Economics
Chicago Business Activity Surges in May
The Chicago Business Barometer, compiled by MNI Indicators, rose to 62.7 in May from 49.2, a level of contraction in
Fed’s Bowman Wary of Reacting to Short-Term Energy Inflation
Fed governor Michelle Bowman said reacting to temporarily elevated energy-price inflation would add unwarranted policy restraint, weighing unnecessarily on economic
French Inflation Rises to More-Than Two-Year High as Energy Costs Intensify
The result puts the European Central Bank on course to raise interest rates for the first time since 2023 when
Labor’s share of economic output just hit an all-time low, while the profit share hit a near-record. The divide helps explain why consumers feel so glum, writes @greg_ip
Labor’s share of economic output just hit an all-time low, while the profit share neared a record. It helps explain
Reports of an Iran deal boost markets, new-car buyers are disappearing, and GDP growth slows. Read more in today’s Markets P.M. newsletter.
Plus, disappearing car buyers and slower growth. Source link
Canada Lenders Well Placed to Handle Prolonged Energy-Price Shock, Central Bank Says
Canada’s banks have fortified their financial position over the past year and would be able to lend to customers should
Eurozone Business Confidence Inches Higher as Price Expectations Cool
Selling-price expectations eased across all business sectors, interrupting the steep upward trend seen in the last two months. Source link
Fed’s Goolsbee Warns U.S. Economy Heading in ‘Stagflationary’ Direction
The Chicago Federal Reserve President warned that the persistent combination of energy shocks and stubborn inflation could push the U.S.
Bank of Korea Holds Rates Steady, Raises Inflation and Growth Forecasts
South Korea’s central bank held rates steady at its first meeting under Gov. Shin Hyun-song, but kept the door open