New York Manufacturing Activity Accelerates in August
The Federal Reserve Bank of New York said that its statewide manufacturing index of business conditions rose to 20.6, its […]
Economics
China’s Economic Activity Weakened in July
Economic activity cooled as surging exports fueled by the AI boom failed to offset weakness in domestic demand. Source link
Japan’s Economy Stays on Growth Path, But Headwinds Loom
The Japanese economy notched a third consecutive quarter of growth, but at a slower pace as household and corporate spending
America’s housing affordability crisis is leading more home buyers and flippers to give abandoned and dilapidated homes in Baltimore a fresh look
America’s housing affordability crisis is leading more home buyers and flippers to give dilapidated Baltimore homes a fresh look. Source
Central banks may be accidentally subsidizing government borrowing through their efforts to prevent a repeat of past market blowups, and policymakers are starting to worry, writes WSJ’s @jmackin2
By becoming market makers of last resort, policymakers are pumping up leverage and risk. Source link
Week Ahead for FX, Bonds: Fed Minutes, China Data in Focus
Minutes to the recent Federal Reserve meeting, where U.S. interest rates were left on hold, will be closely monitored for
Sales at U.S. retailers slid in July, the latest in a string of weaker reports prompting a rethink about an economy that had looked to be only accelerating this spring
Economists had expected a small increase in retail sales, but July brought surprisingly sour news. Source link
Canada Manufacturing Sales Rise for Fifth Straight Month in June
Factory sales added to momentum that could deliver second-quarter growth well above the Bank of Canada’s original estimate. Source link
Eurozone Swings to Trade Surplus in June
The trade surplus in goods for the 21-nation currency area was €1.8 billion in June, from a deficit of €6.1
Swiss Economy Grows at Fastest Rate Since 2021
GDP surged 1.5% quarter-on-quarter, reflecting the country’s relative insulation from the energy-price shock and the uncertainty caused by shifting U.S.