Voters can’t be bought, but politicians keep trying. Read more in today’s WSJ Economics newsletter:
Plus, government equity purchases, AI-driven inflation and the perils of Treasury’s short-term borrowing. Source link
Economics
U.K. Economy Continues Growth Path, Helped by Industry
The economy expanded again in August, continuing this year’s stronger-than-expected performance. Source link
Asia’s Uneven Economic Resilience Faces Stress Tests, IMF Says
Asian economies have adapted to war-driven energy disruptions more effectively than anticipated, despite their heavy reliance on the Middle East
For years, China flooded Europe with exports that were crushing profits and killing jobs, while warning the bloc not to fight back. Now, Beijing is backing down, at least temporarily.
Beijing’s concession on hybrid vehicles shows how much it needs the European market Source link
Inflation picked up in September, with consumer prices rising 3.7% in September from a year earlier, in a sign that high energy prices are tightening their squeeze on consumers
The hotter reading is a sign that high energy prices are tightening their squeeze on consumers ahead of next month’s
Fed’s Bowman Says Inflation Above Goal, But No Urgency to Act
There is room to assess economic developments before taking further monetary policy action, said Michelle Bowman, the Federal Reserve’s vice
Heard on the Street: Mortgage rates above 7% might not be enough to crack home values if owners hold the line
Mortgage rates above 7% might not be enough to crack home values if owners hold the line. Source link
Bank of France Making Rates Decisions Meeting by Meeting, Says Gov
Emmanuel Moulin was somewhat upbeat on the prospect that the French government would be able to achieve a significant fiscal
Singapore Central Bank Surprises With Policy Pause
The central bank said it’s “well-positioned to respond effectively to any risk to medium-term price stability.” Source link
IMF Warns Governments Against Reliance on Short-Term Debt
The IMF warned that as inflation shocks become frequent, governments’ shift to selling more short-term debt may have the opposite