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Can’t figure out this economy? Walmart, Home Depot are having trouble, too
Economy
Britain is now the only major economy where inflation is still rising
The OECD said Tuesday that year-on-year inflation in the G7 fell to 4.6% in May, down from 5.4% in April, reaching its lowest level since Sept. 2021. The downward trend was observed across most advanced […]
Economy
Good news on the economy could be bad news for markets
The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management A slew of economic data has recently surprised to the upside. According to the purchasing managers’ index for the […]
Economy
Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
Goldman Sachs on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks amid turmoil in the broader financial system. The firm lowered its growth forecast by 0.3 […]