Hong KongCNN — Japan has ended its negative interest rate policy, marking a historic shift away from an aggressive monetary easing program that was implemented years ago to fight chronic deflation. As part of the decision, the Bank of Japan (BOJ) … Read More
Germany’s industrial output fell for a second consecutive month in June, figures published this week show, with a drop of 1.5% far wider than the previous month’s slip of 0.1%. The German Economy Ministry warned that high energy prices and … Read More
Greetings from Tyler, It looks as though the war in Ukraine is going to go on and on. U. S. tanks and munitions are being expended at an alarming rate. It is said that the Ukrainian forces are short on … Read More
Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies also rise. Total balances on credit cards and other revolving accounts reached $1 trillion the week … Read More
US dollar-yuan divergence trade could spin out of control without intervention from China soon The US dollar-China yuan currency divergence trade is in full flow. Unless Beijing gets a grip on the exchange rate soon, the yuan could hit 15-year … Read More
Stocks and futures dropped across Asia, Europe, and the United States on Tuesday due to growing anxiety about the Chinese economy and the Communist regime’s refusal to deal honestly with its systemic problems. The trigger for Tuesday’s stock slide was … Read More
The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More
LONDON, Feb 2 (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns. The U.S. Federal Reserve has just implemented its smallest rise of its tightening cycle so far. The European … Read More
The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 1.0 percent in November 2022 to 113.5 (2016=100), following a decline of 0.9 percent in October. The LEI is now down 3.7 percent over the six-month period between May and … Read More
(Bloomberg) — Federal Reserve Bank of Philadelphia President Patrick Harker said he expects the central bank to slow the pace of interest-rate hikes in upcoming months as US monetary policy approaches restrictive levels. “In the upcoming months, in light of … Read More