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.
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Australia’s Central Bank Could Hold Rates as It Weighs Iran Impact
China is increasingly dominating high-tech industries, while the low-value manufacturing sectors that powered the country’s rise are becoming less important economic drivers
The U.S. lost much of its furniture industry to China years ago. Now, American tariffs and overseas competition are punishing manufacturers. Source link
Fed’s Waller: Inflation Risks Mean Fed Should No Longer Signal Cuts
Christopher Waller said holding rates steady will likely be the right course for the foreseeable future, and he can no longer rule out rate hikes […]
Retailers’ Sales Growth Cooled Last Month
Sales growth slowed for U.S. retailers in April, damped by a cooler increase in gasoline prices as the Iran conflict continued. Source link