Column: All-time highs, hot inflation and a deal that isn’t done yet
At the time of writing, President Trump, along with a clutch of top US corporate executives, is in China. Mr Trump and Chinese President Xi Jinping have already held a…
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Category: Business
Kevin Warsh’s Fed plans face debt market pressure
Incoming Federal Reserve Chair Kevin Warsh could face significant challenges in reducing the US central bank’s role in financial markets as rising federal debt and weakening demand advantages for US…
US industrial production rises 0.7% in april, beats estimates
US industrial production rebounded strongly in April, while retail sales continued to show resilience despite mounting inflationary pressures across the economy. According to data released on Friday by the Federal…
UK economy grows 0.6% in Q1, but Iran conflict threatens recovery momentum
The UK economy expanded at a stronger pace in the first quarter of the year, offering signs of resilience before mounting geopolitical tensions and surging energy prices clouded the outlook…
India wholesale inflation jumps to 8.3% in April
India’s wholesale price inflation accelerated sharply in April, rising to its highest level in more than three-and-a-half years, government data showed on Thursday. The increase was largely driven by a…
UK advances money market fund reforms to improve sector resilience
The British government on Thursday confirmed plans to reform rules governing money market funds, a sector that has remained under close regulatory scrutiny since the market turmoil of March 2020.…
US jobless claims rise while retail sales in April grow on higher gasoline prices
US unemployment claims rose moderately last week but were still within acceptable limits as businesses refrained from executing mass-level layoffs even as they grappled with mounting inflationary pressures. Initial claims…
US retail sales increase 0.5% despite inflation pressures
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy. According to data released Thursday by the US Census Bureau,…
US retail sales show resilience despite cost pressures, ING warns of risks
US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence. ING Economics said the figures highlight the ability of consumers…