Shoppers are buying less where prices are rising fastest, showing that inflation isn’t being driven by demand but by companies passing on costs
Shoppers are buying less where prices are rising fastest, showing that inflation isn’t being driven by demand but by companies passing on costs. Source link
China Central Bank Warns on Imported Inflation Risks
The People’s Bank of China said in its first-quarter monetary policy report that imported inflation risks require “close monitoring.” Source link
The Senate took another procedural step toward confirming Kevin Warsh as the next Federal Reserve chair, advancing his nomination to a final vote to join the Fed’s board
The Senate took another procedural step toward confirming Warsh as the next Federal Reserve chair. Source link
Existing-home sales in April edged up 0.2%, well below economist expectations and extending the housing market’s long slump
Existing-home sales edged up 0.2%, well below economist expectations and extending the industry’s long slump. Source link
Market Participants Eye March 2027 for Next Bank of Canada Rate Increase
Market participants appear undaunted by the risk of accelerated inflation from the Middle East conflict, and remain convinced the Bank of Canada won’t budge on interest rates until next year,…
Forget tech and Hollywood. California is powered by healthcare jobs.
A state known for billionaires and high-tech jobs depends on lower-paying health work to boost its labor market. Source link
U.S. Employment Trends Index Ticked Up in April
The Conference Board’s Employment Trends Index rose to 105.77 in April, from a downwardly revised reading of 105.52 in March. Source link
Women are playing a bigger role in the American labor market. Occupations with heavily male workforces have been losing jobs, and the share of men working has flatlined.
Industries that heavily employ men are losing jobs, and the share of men working has flatlined. Source link
Both the ECB and BOE, facing a mix of weaker growth and higher inflation, held interest rates steady
Both the ECB and BOE, facing a mix of weaker growth and higher inflation, held interest rates steady. Source link
India Asks Locals to Pause Gold Buying in Bid to Shore Up FX Defenses
Prime Minister Modi asked citizens to avoid buying gold jewelry for functions, coming as the country’s appetite for the precious metal continues to drive foreign-currency spending. Source link
