Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
BOJ Dissenter Asada Signals He Could Back Future Rate Hikes If Demand-Driven Inflation Emerges
Bank of Japan board member Toichiro Asada, the lone dissenter against June's rate hike, told Reuters he could back future increases if infla
US Consumer Confidence Edges Up in July, But Caution Persists
US consumer confidence ticked up in July, with the RCM/TIPP index rising to 45.5 from 42.5. While still in pessimistic territory, the improv
Taiwan Inflation Hits 17-Month High, Fuel and Electricity Lead the Charge
Taiwan's consumer price index hit a 17-month high in June, rising 2.60% year over year. Fuel and electricity costs were the main drivers, bu
Canadian Firms Boost Equipment Spending Plans While Hiring Intentions Slip, BoC Survey Shows
Canadian companies are planning to increase spending on machinery and equipment while scaling back hiring intentions, according to the Bank
Czech Inflation Dips Below 2% Target, But Services Keep CNB Cautious
Czech inflation cooled to 1.5% in June, undershooting the central bank's 2% target. But services inflation stayed hot at 4.5%, prompting the
Germany's Industrial Output Rises 0.9% in May, Driven by Auto Sector
Germany's industrial production rose 0.9% in May, beating expectations, as carmakers boosted output. However, economists caution the gain ma
Japan's Wage Growth Hits 3.2% But Spending Slips, Keeping BOJ Rate Path Uncertain
Japan's paychecks rose 3.2% in May, marking four straight months above 3% growth, but real household spending slipped 0.4% as inflation ate
China's Growth Slows to 4.6% But Yuan Expected to Hold Steady Near 6.73
China's economy likely grew 4.6% in April-June, down from 5% in Q1, according to a Nikkei survey. Despite the slowdown, economists expect th
Australian Consumer Confidence Dips Again as Economic Pessimism Deepens
Australian consumer confidence slipped again, with the ANZ-Roy Morgan index falling 1.2 points to 74.7 in the week of June 29th to July 5th.
Japan's Real Wage Growth Slows to 1.4% as Inflation Eats Into Gains
Japan's real wages rose for a fifth straight month in May, but the gain slowed to 1.4% as inflation accelerated. The mixed data complicates
BRICS Creator Jim O’Neill Says Dollar Alternatives No Longer a ‘Fantasy’ as Payment Tech Advances
Jim O’Neill, the economist who coined the term BRIC, says newer payment technology makes the idea of building alternatives to the US dollar
German DAX Edges Up as Factory Orders Beat Forecasts, Construction Still Weak
German stocks inched higher as factory orders rebounded more than expected in May. Construction activity improved but stayed below the key 5