The producer-price index rose by 1.1% last month, following an equal increase in April. Analysts polled by The Wall Street Journal were expecting a 0.7% […]
Category: Economy
The ECB became the first major central bank to raise rates to tackle a war-driven resurgence in inflation
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world. Source […]
Global Economy Could Slow to Half Its 2025 Pace if War Continues, Warns World Bank
Output could grow by just 1.3% under a scenario in which an extended blockage of the Strait of Hormuz helped trigger a sharp fall in […]
You may think you understand how big a trillion is. But you don’t.
Can you tell the difference between a million, a billion and a trillion? Source link
Bank of Japan Says Ueda Hospitalized, Will Miss Policy Meeting
Bank of Japan Gov. Kazuo Ueda has been hospitalized and is expected to miss next week’s monetary policy meeting, the central bank said Wednesday. Source […]
Unions are having a moment, but any real resurgence in organized labor could be a long way off
Unions have scored some high-profile victories, but any real resurgence in organized labor could be a long way off. Source link
Bank of Canada Holds Interest Rates Steady as Officials Grapple With Policy Dilemma
The Bank of Canada left its policy rate unchanged at 2.25%, with Gov. Tiff Macklem saying this marked the best approach to addressing the dual-side […]
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains.
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains. Source link
Consumer prices continued to rise quickly in May, as the run-up in energy costs from the war with Iran pushed up overall inflation
Consumer prices rose at their fastest pace in three years, but were in line with expectations. Source link
ECB to Keep Guard Up Despite Muted Signs of Inflation Spiral
Alongside an anticipated interest-rate hike on Thursday, the central bank is expected to raise its inflation forecast from March, which assumed a swift end to […]