Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains.
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains. Source link
Economics
Consumer prices continued to rise quickly in May, as the runup in energy costs from the war with Iran pushed up overall inflation
Consumer prices rose at their fastest pace in three years, but were in line with expectations. Source link
Bank of Japan Says Ueda Hospitalized, Will Miss Policy Meeting
Bank of Japan Gov. Kazuo Ueda has been hospitalized and is expected to miss next week’s monetary policy meeting, the
ECB to Keep Guard Up Despite Muted Signs of Inflation Spiral
Alongside an anticipated interest-rate hike on Thursday, the central bank is expected to raise its inflation forecast from March, which
China’s Producer Inflation Gains Pace as Mideast War Fuels Higher Prices
China’s factory-gate inflation accelerated in May as the ongoing conflict in the Middle East continued to drive up energy and
Canada Goods-Trade Surplus Widens to Biggest Level in More Than a Year
Canada’s goods-trade surplus widened to a 15-month high as shipments of crude oil and vehicles to the U.S. drove exports
May Home Sales Notched Their Biggest Rise This Year
Easing mortgage rates and an increase in inventory lured back buyers, boosting sales 3.2% for the month. Source link
U.S. Trade Deficit Nearly Flat in April
America’s trade deficit was close to unchanged in April, adding to evidence that the Trump administration’s tariffs have done little
Bank Indonesia Surprises With Rate Hike to Stem Rupiah Bleeding
Indonesia’s central bank hiked rates in an off-schedule decision on Tuesday, coming as a complex mix of headwinds hammer the
German Industrial Output Rises For First Time Since November Despite War
Industrial production in Germany rebounded slightly in April, helped by recent gains in new orders after firms stockpiled inventory to