WSJ Economy

The pickup was driven by an uptick in domestic demand and signals continued resilience in the sector amid trade uncertainty.

The move snapped a two-meeting run of pauses as cooling inflation creates room to lend the economy more support against tariff risks.

Newly filed unemployment claims last week dropped to the lowest level in three years, the Labor Department said, a reassuring signal the economy avoided a big surge of layoffs through the first 11 months of the year.

It is a sign households remain wary of spending as the bloc looks to consumers to drive an economic recovery.

Soaring tech valuations and stock-market gains have boosted the number of billionaires and the wealth they hold.

Bank of Japan Gov. Kazuo Ueda said officials at the central bank are working to narrow a range for the neutral rate—the level viewed as consistent with economic stability.

There’s plenty of number crunching going on among economists at Australia’s big banks about the potential for an interest-rate increase as early as February.

Outside researchers had raised questions about data in research published by Nature.

Private employers shed 32,000 jobs in November, payroll processor ADP estimated.

U.S. services-sector activity continued to rise in November, with signs of a recovery emerging despite lingering tariff concerns, a monthly survey said.

In September, output of U.S. industry grew by 0.1%, after by falling by 0.3% the month before, the Federal Reserve said.

Chief Economist Philip Lane said the central bank’s modeling showed markedly lower inflation for three years in response to a 10% gain in the euro’s exchange rate.

India’s rupee slipped to yet another fresh low on Wednesday, pressured by capital outflows and continued uncertainty about a trade deal with the U.S.

The RatingDog general services purchasing managers index fell to 52.1, marking the lowest level in five months, according to a statement released Wednesday.

The decision comes as Trump signaled publicly that longtime adviser Kevin Hassett is a leading contender to lead the central bank.

The OECD forecast the global economy to expand by 2.9% next year, a slowdown from 3.2% this year.

Tariffs, which have increased costs for sourcing materials, continue to weigh on U.S. producers.

The December meeting is around the corner, and Fed Chair Jerome Powell is facing a divided body.

Economists predicted a global shock from President Trump’s tariffs, but some of them are now revising their global growth predictions upward.

Growth in China’s manufacturing production came to a halt as new orders nearly stalled last month despite a renewed rise in new orders from abroad.