Indonesia’s central bank snapped a long-running pause as it delivered its first rate hike in over two years. Source link
Category: Economy
China, U.S. Reach Limited Trade Agreements on Boeing Jets, Beef Imports
China agreed to purchase 200 Boeing jets and resume imports of some U.S. beef products, marking one of the clearest signs yet of easing trade […]
New York City’s unionized workers are getting big raises
Hotel housekeepers, commuter rail workers and nurses are among the unionized workers who have notched big wage gains. Source link
Canada Inflation Heats Up to 2.8% in April
The acceleration was due largely to another month of steeper prices for gasoline, though core measures of inflation remain contained. Source link
UN Lowers Growth Forecasts as Middle East Conflict Extends
The global economy is set for one of its weakest expansions this century as the conflict in the Middle East pushes energy prices higher, but […]
U.S. Pending Home Sales Rose in April Despite Economic Uncertainty
The number of homes going under contract in the U.S. rose 1.4% in April, according to the National Association of Realtors’ pending home sales index. […]
Eurozone Trade Surplus Narrowed in March
The move likely reflects an increase in the cost of imported energy as the conflict in the Middle East disrupted supplies. Source link
U.K. Unemployment Inches Higher
The unemployment rate edged up to 5.0%, with further rises expected in the coming months as the Iran war continues to weigh on the economy. […]
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 […]
Japan’s Economy Accelerated in First Quarter, Backing Case for Rate Hikes
Japan’s economy continued to expand during the first quarter of 2026, backing the case for an imminent rate hike by the Bank of Japan. Source […]