One year on, the Inflation Reduction Act has sparked a green revolution in the US. Tax breaks have seen a surge in sales of electric vehicles and heat pumps. The World Economic Forum’s Future of […]
“The construction and real estate industries represent around 30% of China’s economy. A steep drop in Chinese demand from a real estate-based economic downturn could cause South Korea’s growth rate to fall by as much […]
WASHINGTON -U.S. Federal Reserve officials are in “uncharted waters” with no clear historical guide as they set monetary policy in an environment with inflation falling but no increase as yet in the unemployment rate, Richmond […]
New YorkCNN — A senior official at the Federal Reserve is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest rates. In a pair of speeches on Saturday […]
BUENOS AIRES, July 24 (Reuters) – Mexico’s economy will likely slow in step with an expected moderation of growth in the United States, but the decline could be limited by increased investment from companies relocating […]
The entire world was bracing for a US recession at the start of 2023. Over six months down the line, the world’s largest economy is not shrinking, at least not yet. But if the US […]
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 […]
A key bond market indicator is signaling mortgage rates are headed back up and may even push the average for a 30-year loan past its recent 20-year high of more than 7%. The yield on […]
The spring of 2022 was rough for the US economy. Markets plunged while inflation spiked. “Stagflation” was the word of the day, and for a period of time, there was some merit to that outlook. […]
LONDON, June 15 (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on […]
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