Eurozone Industrial Production Picked Up Again in April
Industrial output rose again as factories rushed to meet orders placed by customers anxious to avoid price hikes and shortages stemming from the Middle East conflict.
Work from home is hardly over. In fact, it’s probably here to stay.
Big companies keep trumpeting return-to-office mandates, but the amount of time that Americans work remotely is barely budging.
The Fed has believed for decades that talking openly made its policy work better. Its new chairman believes the opposite.
For decades, the central bank believed talking openly made its policy work better. Its new chairman believes the opposite.
Consumer Sentiment Improves Slightly in June but Remains Sluggish
The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month earlier.
Week Ahead for FX, Bonds: Fed, BOE Among Slew of Central Bank Decisions
The Fed and BOE are both expected to leave rates unchanged but the focus is on whether they will leave the door open to the possibility of hikes later this year.
Bank of Japan Poised to Raise Rates to 31-Year High
Japan’s central bank is widely expected to raise interest rates to 1% to counter the price shock stemming from the Middle East conflict.
Germany’s Bundesbank Cuts Growth Expectation, Raises Inflation Forecast as War Drags On
The central bank expects German inflation on an EU-harmonized basis to climb to 2.9% this year, considerably higher than the 2.2% it anticipated in December.
U.K. Economy Contracted in April After Strong Start to Year
GDP fell by 0.1% following an increase in March, with the fallout from the Iran war set to further weaken activity.
Bank of Korea Governor Signals Readiness to Raise Rates as Inflation Risks Mount
Gov. Shin Hyun-song ’s remarks will likely reinforce market expectations that the central bank will resume tightening as soon as next month.
When Trump meets his counterparts at next week’s G-7 summit, one of his favorite topics will be on the agenda: the massive U.S. trade deficit. The French hosts want to talk about global imbalances.
Deficits and surpluses will be on the agenda at next week’s G-7 meeting in the French Alps.
After pushing immigration as an economic cure-all, the West is now questioning its benefits. Switzerland is at the vanguard.
Its referendum reflects a broader shift that is upending the long-held consensus that open borders are the key to economic growth.
The ECB became the first major central bank to raise rates to tackle a war-driven resurgence in inflation
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world.
Global Economy Could Slow to Half Its 2025 Pace if War Continues, Warns World Bank
Output could grow by just 1.3% under a scenario in which an extended blockage of the Strait of Hormuz helped trigger a sharp fall in equity prices and a steep rise in bond yields.
Wholesale Prices Continued to Surge in May
The producer-price index rose by 1.1% last month, following an equal increase in April. Analysts polled by The Wall Street Journal were expecting a 0.7% increase.
U.S. Jobless Claims Rose Last Week
The number of people who filed for unemployment benefits rose to 229,000 in the week through June 6, higher than reported a week earlier surpassing Wall Street’s estimates.
Consumer prices continued to rise quickly in May, as the run-up in energy costs from the war with Iran pushed up overall inflation
Consumer prices rose at their fastest pace in three years, but were in line with expectations.
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans’ wage gains.
Adjusted for inflation, average hourly earnings fell back to January 2025 levels last month.
Bank of Canada Holds Interest Rates Steady as Officials Grapple With Policy Dilemma
The Bank of Canada left its policy rate unchanged at 2.25%, with Gov. Tiff Macklem saying this marked the best approach to addressing the dual-side risks of a weak economy and higher energy prices.
Unions are having a moment, but any real resurgence in organized labor could be a long way off
Unions have scored some high-profile victories, but any real resurgence in organized labor could be a long way off.
Bank of Japan Says Ueda Hospitalized, Will Miss Policy Meeting
Bank of Japan Gov. Kazuo Ueda has been hospitalized and is expected to miss next week’s monetary policy meeting, the central bank said Wednesday.
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