US underlying inflation picked up along with consumer spending as the third quarter drew to a close, government figures showed ahead of the Federal Reserve’s penultimate policy meeting of the year. Consumer price growth also gathered pace in Tokyo, an indicator of nationwide inflation. Bank of Japan officials also meet next week, as do Bank … Read more
Stock Market Today: Dow, S&P Live Updates for October 25 Bloomberg Source link
Chinese stocks pared gains as traders question whether Beijing’s latest stimulus measures will have the firepower to rescue the ailing economy. The CSI 300 Index gained 0.5% as of 1:39 p.m. local time, more than halving its earlier advance. The Hang Seng China Enterprises Index was up 1.1% after gaining more than 3%. The gauge … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at why the US budget deficit doubled despite a strong economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can … Read more
China’s economy isn’t yet on secure footing, as recent green shoots have been offset by lingering fears about the property crisis and a stubborn inability to revive confidence. Data due Wednesday will likely show a modest pickup in quarter-on-quarter gross domestic product growth, though year-on-year comparisons may be less favorable. Source link
The economy is getting a boost from Bidenomics and a bulging federal budget deficit, simultaneously fueling hopes the US will avoid a recession while fanning fears it will be stuck with too much debt and too-high inflation. A trio of legislation championed by President Joe Biden – stepped-up infrastructure spending, increased investment in a green … Read more