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Powell may also drop some hints about the Fed’s thinking ahead of its September policy meeting
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It is no longer sufficient for the US-China trade relationship to be driven solely by cost and efficiency
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In China, a 5.2% increase in second-quarter gross domestic product beat expectations, bringing the official 5% expansion goal for the year within reach
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China’s industrial firms saw their profits drop the most since October, illustrating weakness in an economy strained by higher US tariffs and lingering deflationary pressure
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Low- and middle-income countries are performing surprisingly well despite Trump’s tariff wars
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The yield on 30-year Treasuries surged as much as 25 basis points to a level unseen since November 2023
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Investors on Monday bought dollars, sold stocks and worried about inflation.
A scramble ensued to assess the risk of a trade war after Donald Trump put tariffs on top U.S. trading partners.
Trump's ordered additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from China.
They're set to take effect on Tuesday, and will affect $1.3 trillion of goods, or more than 40% of all U.S. imports.
The pan-European STOXX 600 index was down over 1% in early trade, set for its biggest one-day slide this year.
And the euro currency also dropped more than 1%
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Tariffs are the biggest risk, sparking fears that the administration’s plans could lead to more prolonged and unpredictable trade wars than during his first presidency
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But significant downside risks will continue to pose a challenge for policymakers
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The report’s findings are a stark warning as the world exits a punishing round of sovereign debt defaults – even as wealthy creditor nations said earlier this year that the risk of debt crisis that has weighed on the world was beginning to recede.
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A transformative period may be imminent for the US and global economy — and it will bring more risk
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Obsessing over small misses in monthly data may obscure a broader point: Central banking’s golden era might have passed
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Despite the upgrade, global growth is predicted to remain below its recent historical average of 3.8 percent this year
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IMF Chief Economist Pierre-Olivier Gourinchas and Daniel Leigh present the latest forecast for the global economy. Watch!
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From demography to technology, we must pay attention to the forces that will certainly shape our future
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Year of rate cuts anticipated, led by the Federal Reserve. Traders bet on Fed's aggressive approach as inflation control poses challenges.
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The dollar index, which measures the greenback against a basket of other major currencies, was steady after posting its best week since July 2023, with data on Friday showing firms in the U.S. employed more people than expected in December.
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Data on Friday showed U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3% and boosting expectations of an interest rate cut in March.
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World’s five largest container liners — with 65% of global capacity — have suspended transits through the Red Sea. This means higher shipping costs and longer delivery timelines. How will this affect inflation in Europe?
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Though Iran has denied any involvement in the attacks, it has been facing increasing pressure not only from the US, but also from partners like China and India.
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The kiwi rose over 1% versus the greenback to as high as $0.6249, despite data showing the New Zealand economy unexpectedly contracted in the third quarter.
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The Singapore central bank's latest assessment is careful not to declare victory, but does sound less dour than recent prognostications from OECD, IMF and European policymakers. If this hub for trade and capital is right, then the global expansion will live to fight another day
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Research by the Bank for International Settlements shows goods are subject to increasingly complex delivery routes
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Convergence between rich and poor countries is stalling and more challenges lie ahead
