Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. The Bank of Japan ended a policy meeting with no major changes, keeping its benchmark interest rate in a range of 0 to 0.1%. In March, it raised
"Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."
"Whether we like it or not, services such as retail, care work, and other personal services will remain the primary engine of job creation."
By AAMER MADHANI (The Associated Press) NEW YORK (AP) — President Joe Biden said Friday that he is willing to debate his presumptive Republican opponent, Donald Trump, later this fall – his most definitive comment yet on the issue. The comment came during an interview with the Sirius XM radio host Howard Stern, who asked […]
IMF Mission Chief for Ghana Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now set for full recovery. However, he maintained this projection is based on the “government continuing to implement the IMF programme the way it has been done over the past year, then we can say that […]
How will Biden conceal the inflation rampaging throughout his term? The latest scheme appears to be draining the Strategic Petroleum Reserve to the last drop. It’s already down to 17 percent, because Biden opened the spigot when his idiotic sanctions on Russian energy back in 2022 boosted prices at the pump into the stratosphere, always a terrifying development for homo politicus. Biden tamed gas prices by emptying most of the SPR. Now he may finish it off, because no, he can’t have gas prices...
Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.
TOKYO (AP) — Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. The Bank of Japan ended a policy meeting with no major changes, keeping its benchmark interest rate in a range of 0 to 0.1%. In March, it raised the key []
A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.
NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the []
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It marked another increase after the prior month's annual gain of 6%, and