consumer prices

Japan’s business mood improves, capex firm boosts economic outlook

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Japan’s business mood improves, capex firm boosts economic outlook

Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty Images Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ mood brightened to levels unseen since 1991, … Read more

20% stock market plunge ahead, recession

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20% stock market plunge ahead, recession

JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more

The Fed hits pause on interest rate hikes while it reviews more data

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The Fed hits pause on interest rate hikes while it reviews more data

Washington, DC CNN  —  The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high, while signaling fewer rate cuts next year. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how … Read more

US price and wage increases slow further in the latest signs of cooling inflation | News

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US price and wage increases slow further in the latest signs of cooling inflation | News

WASHINGTON (AP) — Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter. Together, the figures provided the latest signs that the Federal Reserve’s drive to tame inflation may succeed … Read more