Factory gate prices in China for January dropped more than economists anticipated, indicating that upstream industries are not yet strong enough to rekindle the domestic demand that briefly stoked consumer prices after the zero-COVID policy ended.   Even though manufacturing activity...

The largest US bank, JPMorgan Chase & Co., warned against prematurely claiming victory over inflation and warned that the Federal Reserve could raise interest rates above the 5% level if higher prices proved to be "sticky."   Dimon issued the warning after Federal Reserve officials...

In 2022, the US trade deficit increased by 12.2% to $948.1 billion. The Wall Street Journal reported this referring to information from the US Department of Commerce. The US Department of Commerce reports that the December balance sheet deficit was $67.4 billion. In contrast to November, exports...

Retail investors are pouring money into small-cap companies developing artificial intelligence tools, as companies like Google parent Alphabet and Microsoft compete for the next big growth driver.   The viral success of ChatGPT has focused Wall Street attention on AI, reminiscent of the...

The results of the ECB survey, which were released on Tuesday, revealed that despite declining energy costs and rising interest rates, consumer inflation expectations in the euro area grew in December. Due to lower gas costs, the annual inflation rate in the euro zone decreased after reaching a...

Given the strength of the US labor market, US Treasury Secretary Janet Yellen said on Monday that she sees a path to avoid a US recession, with inflation falling significantly and the economy remaining strong.   "You don't have a recession when you have 500,000 jobs and the lowest...

According to Catherine Mann, a member of the Bank's monetary policy committee, the Bank of England may increase its benchmark interest rate once more in the future in order to achieve its inflation target. Following its February meeting, the Bank of England increased its benchmark interest rate by...

The Federal Reserve Chair Jerome Powell sent a clear message: while it is "gratifying" that inflation has begun to slow, the central bank is far from reversing course or declaring victory.   "It's going to take some time" for disinflation to spread through the economy, Powell said in a news...

The US dollar fell on Thursday following the announcement of the US Federal Reserve that its fight against high inflation was coming to an end which raised hopes among market participants that the central bank's campaign of rate-hike to tame inflation was...