South Korea’s exports grew at the fastest pace in more than four decades in May, as artificial intelligence-driven demand for chips pushed the value of […]
Category: Economy
China Steps Up Restrictions Over Outbound Investments
China is tightening scrutiny of outbound capital flows after forcing the unwinding of the Meta-Manus deal, as authorities seek to safeguard the economy amid heightened […]
China Private Factory Activity Gauge Indicates Slower Expansion in May
A private gauge showed China’s manufacturing activity expanded at a slower pace in May, marking a sixth straight month of expansion amid easing, though still […]
Accepting an award for political courage, former Federal Reserve Chair Jerome Powell hinted at why he broke with convention to keep his board seat
Accepting an award for political courage, the Fed governor hinted at why he broke with convention to keep his board seat. Source link
American capitalism is at a crossroads, facing three key questions about what direction it should take. Which paths offer the greatest opportunities?
The path forward offers historic opportunity, marked by continuing innovation and prosperity. But it is also filled with potholes and potential wrong turns. Source link
Incoming Fed Chairman Kevin Warsh wants the central bank to consider alternative measures of inflation when setting monetary policy—some of which show price pressures actually are much lower
To measure underlying inflation, the new chairman has urged the central bank to look at alternatives to its standard gauge. Source link
China’s manufacturing activity stayed flat in May after expanding for two straight months, reflecting the pressure from rising energy costs since the Middle East conflict began
China’s manufacturing activity stayed flat in May after expanding for two straight months, reflecting the pressure from rising energy costs since the Middle East conflict […]
Japan Confirms Yen Intervention Over Past Month, Spending Record Sum
Japan spent more than $73 billion between April 28 and May 27 to lift its currency relative to the dollar. Source link
Fed’s Bowman Wary of Reacting to Short-Term Energy Inflation
Fed governor Michelle Bowman said reacting to temporarily elevated energy-price inflation would add unwarranted policy restraint, weighing unnecessarily on economic activity and labor-market conditions. Source […]
Week Ahead for FX, Bonds: U.S. Jobs, ISM Data in Focus
U.S. jobs data and ISM surveys on manufacturing and services activity will be in focus as investors assess the outlook for Federal Reserve interest rates. […]