For decades, the central bank believed talking openly made its policy work better. Its new chairman believes the opposite. Source link
Category: Economy
Bank of Korea Governor Signals Readiness to Raise Rates as Inflation Risks Mount
Gov. Shin Hyun-song ’s remarks will likely reinforce market expectations that the central bank will resume tightening as soon as next month. Source link
Consumer Sentiment Improves Slightly in June but Remains Sluggish
The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month […]
Week Ahead for FX, Bonds: Fed, BOE Among Slew of Central Bank Decisions
The Fed and BOE are both expected to leave rates unchanged but the focus is on whether they will leave the door open to the […]
Germany’s Bundesbank Cuts Growth Expectation, Raises Inflation Forecast as War Drags On
The central bank expects German inflation on an EU-harmonized basis to climb to 2.9% this year, considerably higher than the 2.2% it anticipated in December. […]
Bank of Japan Poised to Raise Rates to 31-Year High
Japan’s central bank is widely expected to raise interest rates to 1% to counter the price shock stemming from the Middle East conflict. Source link
U.K. Economy Contracted in April After Strong Start to Year
GDP fell by 0.1% following an increase in March, with the fallout from the Iran war set to further weaken activity. Source link
After pushing immigration as an economic cure-all, the West is now questioning its benefits. Switzerland is at the vanguard.
Its referendum reflects a broader shift that is upending the long-held consensus that open borders are the key to economic growth. Source link
When Trump meets his counterparts at next week’s G-7 summit, one of his favorite topics will be on the agenda: the massive U.S. trade deficit. The French hosts want to talk about global imbalances.
Deficits and surpluses will be on the agenda at next week’s G-7 meeting in the French Alps. Source link
U.S. Jobless Claims Rose Last Week
The number of people who filed for unemployment benefits rose to 229,000 in the week through June 6, higher than reported a week earlier surpassing […]