Australia’s Economic Growth Slows
Australian economic growth slowed in the first quarter of the year, when the central bank started raising interest rates and the Middle East conflict sent fuel prices surging. Source link
Hammack Says Fed May Need to Respond if Inflation Persists
Cleveland Fed President Beth Hammack, a voting member this year, said policy may not be restrictive enough to bring inflation to 2%. Source link
Fed Chairman Kevin Warsh has tapped two outside associates to advise him, one of whom previously helped write a conservative blueprint that recommended a radical restructuring of the central bank
One of the new advisers to the new Fed chairman previously helped write a chapter for Project 2025, the conservative policy blueprint, that recommended a radical restructuring of the central…
Fed Chairman Kevin Warsh has tapped two outside associates to advise him, one of whom previously helped write a conservative blueprint that recommended a radical restructuring of the central bank
One of the new advisers to the new Fed chairman previously helped write a chapter for Project 2025, the conservative policy blueprint, that recommended a radical restructuring of the central…
Canada’s Carney Says GDP Weakness Reflects Policy Shifts to Rebuild Economy
There are signs of economic weakness in Canada, Prime Minister Carney said, arguing this reflects policy decisions made since he came to power that have been aimed at rewiring the…
BOE’s Greene Says Case for Rise in Key Interest Rate is Growing
The case for raising rates, which were left unchanged in April, grows stronger the longer the conflict in the Middle East continues, said Megan Greene. Source link
U.S. Job Openings Increased While Hiring Fell in April
U.S. job openings increased to 7.6 million in April, from 6.9 million in March. Meanwhile, the hiring rate worsened to 3.2% in April from 3.5% in March, with about 5.1…
Swiss Watch Exports Tumbled in April as U.S. Tariff Volatility Persists
Total exports in April were around 17% down compared with a year prior due to a pronounced decline in U.S.-bound shipments. Source link
Eurozone Inflation Climbs Further, Paving Way for ECB Rate Hike
Inflation rose to 3.2% in May, a fourth-straight increase and the highest level since September 2023. Source link
South Korea Inflation Accelerated to 26-Month High in May
The benchmark consumer-price index rose 3.1% from a year earlier in May, reflecting the effects of higher oil prices amid Middle East tensions and the won’s weakness against the U.S.…
