Selling-price expectations eased across all business sectors, interrupting the steep upward trend seen in the last two months. Source link
Category: Economy
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. […]
Bank of Korea Holds Rates Steady, Raises Inflation and Growth Forecasts
South Korea’s central bank held rates steady at its first meeting under Gov. Shin Hyun-song, but kept the door open to policy tightening. Source link
Fed’s Cook Ready To Raise Rates If Disinflation Fails to Appear in Timely Manner
Federal Reserve governor Lisa Cook said the right course of action is to hold interest rates steady for now, but she is prepared to raise […]
BOJ Governor Sees Oil Price Surge as Test of Inflationary Mettle
The current energy shock could rewrite Japan’s inflation outlook, but the impact isn’t black and white, says Bank of Japan Gov. Kazuo Ueda. Source link
U.S. Mid Atlantic Factory Activity Jumped in May
The survey’s composite index was 13, up from 3 in April, with all three of its component indexes for shipments, new orders and employment rising. […]
New Zealand’s Central Bank Narrowly Votes to Hold Rates, Signals Hikes Are Coming
New Zealand’s central bank kept its benchmark interest rate unchanged on Wednesday, narrowly deciding to wait to see how the Middle East conflict affects inflation. […]
Land O’Lakes CEO Beth Ford on why Americans can’t afford to ignore the gathering storm threatening U.S. farmers and ranchers.
From food insecurity to severe labor shortages, the agricultural sector is reeling. Land O’Lakes CEO Beth Ford says it’s time for America to wake up […]
Australia Rate Increases Stay in Play Despite Easing Inflation
Australia’s consumer-price growth slowed, but stayed high enough to keep the door open to further rate increases by the central bank. Source link
French Consumer Confidence Hits Three-Year Low
Consumer confidence fell further in May as uncertainty and rising energy prices triggered by the war in Iran continued to dent household sentiment. Source link