WSJ Economy

Activity in China’s sprawling manufacturing sector contracted further last month, in part due to a weeklong holiday.

The growth data follows a monthly inflation report that showed price pressures continued to build in the Australian economy.

Minneapolis Fed president, citing cost shock that followed Russia’s full-scale invasion of Ukraine, says he wants to avoid “Transitory 2.0.”

Minneapolis Fed President Neel Kashkari said that he expects one rate cut later this year, but needs to examine further data to assess if that stance is appropriate due to recent geopolitical events.

Speaking at a financial conference in Washington, the New York Fed President outlined a forecast of steady economic conditions this year, with moderate economic growth and declining unemployment and inflation.

Conflict in the Middle East has raised energy prices, potentially slowing U.K. growth and pushing borrowing costs higher.

Inflation remained below the ECB target, but it could pick up if the rise in energy prices that followed U.S. and Israeli attacks on Iran were sustained.

U.S.-Israeli attacks on Iran, and the latter’s response, make the outlook for the global economy more uncertain, but it is too early to judge the impact, the Fund said.

The Reserve Bank of Australia faces pressure to deliver a second interest-rate rise in as many months when its policy-setting board meets in a few weeks.

U.S. factory activity expanded in February for the second straight month as new orders and production continued to grow, a survey of manufacturing firms said

The S&P Global Canada manufacturing purchasing managers index nudged up in the second month of the year to 51, after advancing to 50.4 in January, the first month in a year above the 50 threshold between contraction and expansion.

Martin Kocher, who sits on the ECB’s governing council, said increased uncertainty means policymakers must be ready to move the key interest rate in either direction.

Renewed conflict in the Middle East poses a fresh headache for Asia’s central banks, reviving inflation risks just as price pressures had steadied across much of the region.

Canada has signed a string of agreements with India aimed at deepening ties in areas like critical minerals and energy as it seeks more alliances amid tensions with the U.S.

Purchasing managers index data from S&P Global showed a rise in factory activity in economies including Japan and Taiwan.

At the National People’s Congress, representatives are expected to approve a five-year economic blueprint that will prioritize turning China into a technological superpower.

More money for military spending likely will mean more political interference and bad news for margins.

Nearly one out of every five property transfers last year was made through inheritance, a record for the state and double the national share.

South Korea reported solid export growth in February despite fewer working days, with semiconductor shipments reaching a monthly record on strong demand.

A WSJ analysis details how a growing number of citizens are choosing to live overseas.