UK inflation data could portend a soft landing ahead
The writer, a former member of the Bank of England’s Monetary Policy Committee, is now a distinguished fellow at Chatham House The latest data showing UK inflation at 7.9 per cent in the year to June was a welcome break from the past seven months and a potential turning point in taming the cost of […]
Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations, according to a report Thursday from payroll processing firm ADP. Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000 and a bit […]
There’s more work ahead to control inflation
Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on “Perspectives on Monetary Policy” during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, DC, May 19, 2023. Saul Loeb | AFP | Getty Images WASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and […]
Modest easing of US inflation lifts hopes as IMF warns of turbulence ahead
This article is an onsite version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a week Today’s top stories China has U-turned on plans to block some of the world’s busiest airspace near Taiwan for three days, causing confusion over Beijing’s priorities in handling […]
European stocks flat ahead of key eurozone inflation data
European stocks and US futures inched higher on Friday ahead of closely watched inflation readings on both sides of the Atlantic, with traders on the alert for the impact on consumer prices of higher interest rates. Europe’s region-wide Stoxx 600 was flat shortly after opening and is on track to finish the quarter up more […]
ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
President of the European Central Bank Christine Lagarde attends a hearing of the Committee on Economic and Monetary Affairs in the European Parliament on November 28, 2022 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its […]
