WSJ’s Janet Adamy explains the surprising findings of what it means to be working class in the U.S. Source link
Category: Economy
Warsh’s first test as Fed chairman will be reading the AI boom. Will the build-out cool or stoke price pressures? The 1990s offer two different answers
Will the build-out cool or stoke price pressures? The 1990s offer two different answers. Source link
The Fed’s vice chair of supervision spoke at a private dinner Bank of America hosted for clients hours after the central bank announced its latest policy decision, according to people familiar with the event
A closed-door event hosted by Bank of America featured Michelle Bowman, the vice chair for supervision. Source link
Canada Retail Sales Continue to Rise, Buoyed by Higher Gas Prices
Retail sales in April increased 0.5% from the month before, driven by increased trade at gas stations and fuel vendors. Source link
European leaders are grappling with how to stem a flood of Chinese exports hammering their industries—and whether they are ready for a trade war with Beijing over the problem
European Union leaders are struggling for consensus on how much to restrict imports that are battering their industries. Source link
Week Ahead for FX, Bonds: U.S. Inflation Data in Focus as Prospects of Fed Rate Hike Increase
The Federal Reserve’s favored inflation measure will be watched closely after the central bank recently signaled the possibility that its next move could be to […]
Dollar Rises to One-Year High on Increased Prospects of Higher U.S. Interest Rates
The gains came even as oil prices have eased recently after the U.S. and Iran signed an interim peace deal on Wednesday. Source link
Dollar Rises to One-Year High, U.S. Markets Closed for Holiday
The dollar gained as investors continued to digest the increased likelihood of higher U.S. rates following Wednesday’s Fed meeting. Source link
With the planned reopening of the Strait of Hormuz, the specter of a prolonged crunch in energy supplies has faded—but the disruption could take months to unwind
The specter of a prolonged crunch in energy supplies has faded, but the disruption could take months to unwind. Source link
BOJ Deputy Governor Warns of Risk from Delaying Rate Hikes
Raising interest rates can curb economic activity, but the Bank of Japan’s deputy governor Ryozo Himino sees an even bigger danger from tightening too slowly. […]