The Fed’s New Task Forces
Yesterday, the Federal Reserve announced a group of task forces to review the central bank’s framework for conducting monetary policy. Along
Economics
Economics
The Federal Reserve named more than a dozen external advisers to lead five task forces that will re-examine how the central bank operates
The external advisers will lead five task forces that will re-examine how the central bank operates. Source link
Fed’s Williams Says Inflation Still Too High, Expects Retreat in Energy Prices
New York Federal Reserve President John Williams noted that policy would have to respond if inflation ends up being more
ECB Officials Couldn’t Look Through Energy Shock in June
Higher energy prices were expected to push inflation above the ECB’s 2% target over the medium term. Source link
German Exports Rise, Shrugging off Iran War Concerns
The 0.9% increase was driven by U.S. trade, as manufacturers proved relatively resilient to uncertainty prompted by the Iran war.
Malaysia Central Bank Remains on Hold as Mideast Tensions Rekindle
Bank Negara Malaysia left its overnight policy rate at 2.75%, extending a pause stretching back to July last year. Source
China’s Factory-Gate Inflation Accelerates
China’s PPI accelerated in June to match market expectations, picking up speed for a fourth straight month while consumer price
Fed officials weighed rate hikes as inflation risks from tariffs, oil and AI investment complicated the outlook for monetary policy
More officials pointed to the artificial intelligence build-out as a source of persistent inflationary pressures at Chairman Kevin Warsh’s first
The IMF trimmed its global growth forecast to 3% for 2026 from 3.1% forecast in April, but no longer projects that a prolonged Iran war could trigger a global recession
Global growth forecast is trimmed slightly, but it no longer warns of a prolonged war triggering a world recession. Source
ADP to Launch Monthly Pay Tracking Indicator in Canada, Offering Look Inside Labor Market
ADP’s research arm will begin publishing a Canada pay insights report beginning Sept. 3, providing what it said will be