Bank of Japan Poised to Raise Rates to 31-Year High
Japan’s central bank is widely expected to raise interest rates to 1% to counter the price shock stemming from the
Economics
Bank of Korea Governor Signals Readiness to Raise Rates as Inflation Risks Mount
Gov. Shin Hyun-song ’s remarks will likely reinforce market expectations that the central bank will resume tightening as soon as
U.K. Economy Contracted in April After Strong Start to Year
GDP fell by 0.1% following an increase in March, with the fallout from the Iran war set to further weaken
When Trump meets his counterparts at next week’s G-7 summit, one of his favorite topics will be on the agenda: the massive U.S. trade deficit. The French hosts want to talk about global imbalances.
Deficits and surpluses will be on the agenda at next week’s G-7 meeting in the French Alps. Source link
The ECB became the first major central bank to raise rates to tackle a war-driven resurgence in inflation
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central
Global Economy Could Slow to Half Its 2025 Pace if War Continues, Warns World Bank
Output could grow by just 1.3% if an extended blockage of the Strait of Hormuz helped trigger a sharp fall
You may think you understand how big a trillion is. But you don’t.
Can you tell the difference between a million, a billion and a trillion? Source link
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
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