El-Erian, Krugman and other top economists voice China opinions
[ad_1] Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the […]
Top Citi strategist says healthier economic growth is coming
[ad_1] Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate […]
Top Fed official calls for two more interest rate increases
[ad_1] The Federal Reserve will need to implement two more quarter-point rate rises this year to bring inflation under control, a top official at the US central bank said on Thursday. In an intervention that pushed back against market pricing suggesting the Fed will conclude its monetary tightening after just one more increase, Christopher Waller […]
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
[ad_1] A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists […]