The Chicago Business Barometer, compiled by MNI Indicators, rose to 62.7 in May from 49.2, a level of contraction in April.
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Chicago Business Activity Surges in May
Japan’s Exports Accelerate But Middle East Risks Cloud Outlook
Japan’s exports grew at a faster-than-expected pace in April, as a weak yen and resilient global demand offset the negative impact of Middle East tensions. […]
Australia’s Central Bank Could Hold Rates as It Weighs Iran Impact
The Reserve Bank of Australia said its third straight interest-rate increase gives it time to weigh the Iran conflict’s impact on the local economy. Source […]
Fed’s Goolsbee Warns U.S. Economy Heading in ‘Stagflationary’ Direction
The Chicago Federal Reserve president warned that the persistent combination of energy shocks and stubborn inflation could push the U.S. economy into a “stagflationary” direction. […]