China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last … Read more
Stock Market Today: Dow, S&P Live Updates for January 11 Bloomberg Source link
Stock Market Today: Dow, S&P Live Updates for January 10 Bloomberg Source link
I’m Malcolm Scott, a senior economics editor in Sydney. Today, we’re looking at the Bank of Japan’s policy decision. 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 do so here. The … Read more
Stock Market Today: Dow, S&P Live Updates for Dec 18 Bloomberg Source link
Wall Street is gearing up for what’s expected to be the most-important Federal Reserve decision of the year, with traders awaiting any signals on whether the market’s aggressive dovish bid is now overdone. Stocks, bonds and the dollar saw mild moves amid bets the Fed will hold rates Wednesday and try to put a lid … Read more
Treasuries resumed their rally on Tuesday as further labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession. Yields dropped across the US curve as job openings hit the lowest since March 2021. Concerns about markets being too fast in anticipating Fed easing have recently … Read more
I’m Malcolm Scott, senior economics editor in Sydney. Today, our China team looks at next year’s growth goals. 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 do so here. China is … Read more
The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more
Updated Nov. 14, 2023 6:21 pm ET Inflation’s broad slowdown extended through October, likely ending the Federal Reserve’s historic interest-rate increases and sparking big rallies on Wall Street. Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September, the Labor Department said Tuesday. Overall inflation … Read more