U.S. Federal Reserve Holds Interest Rates Steady, Hints at Possible Cuts Ahead
The U.S. Federal Reserve holds interest rates steady but signals possible cuts ahead to combat inflation, impacting global and Asian markets.
Inflation
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China’s June CPI Rises 0.2%; PPI Slide Narrows
China’s consumer price index (CPI) rose by 0.2% year-on-year in June, signaling stable inflation. The producer price index (PPI) decline narrowed, suggesting potential stabilization in industrial prices.
Will the Next U.S. President Improve Life for Ordinary Americans?
Ahead of the U.S. presidential election, ordinary Americans continue to grapple with economic hardships, despite political promises of recovery.
China’s April CPI Rises by 0.3% as PPI Decline Narrows
China’s consumer price index rose by 0.3% year-on-year in April, signaling modest inflation as the producer price index decline narrows, according to the National Bureau of Statistics.
China’s March CPI Rises 0.1%, PPI Falls 2.8% Amid Seasonal Changes
China’s CPI rose 0.1% year on year in March, while PPI fell 2.8%, reflecting seasonal demand changes after the Spring Festival holidays, according to the National Bureau of Statistics.
U.S. Workers Strike in 2023 Amid Rising Inequality and Inflation
An unprecedented wave of worker strikes is sweeping across the United States in 2023, as over 453,000 employees protest rising income inequality and economic policies that have widened the wealth gap.
China’s CPI Rebounds by 0.7% in February, PPI Declines by 2.7%
China’s CPI rose by 0.7% year-on-year in February, reversing a previous decline, while the PPI fell by 2.7%, according to the National Bureau of Statistics.
Global Economic Outlook 2024: Experts Discuss Pathways to Resilience Amid Slowdowns
Economists Li Daokui and Thomas Sargent discuss the potential slowdown of global economic growth in 2024 and explore strategies for countries to regain resilience amid geopolitical risks and inflation.
Australia’s Central Bank Keeps Rates Steady at 12-Year High of 4.35%
Australia’s central bank holds interest rates steady at 4.35%, maintaining a 12-year high amid ongoing inflation concerns and signaling possible future hikes.
Americans Express Growing Discontent Despite Economic Gains in 2023
Despite President Biden’s declaration of a ‘great year’ with 2.7 million jobs created in 2023, polls show Americans remain discontent with the economy, highlighting a disconnect between economic figures and public sentiment.
Can Argentina’s New President-Elect Javier Milei Tame Inflation?
Argentina has elected Javier Milei as president. Can his radical economic reforms tame soaring inflation and revive the economy?
UN’s 2023 Economic Outlook: Inflation, Inequality, and Debt Pose Global Challenges
UNCTAD’s 2023 Trade and Development Report highlights significant global economic challenges for next year, including inflation, inequality, and sovereign debt, urging pragmatic policies and financial reforms.
America’s Economy: The Boiling Frog of Gradual Interventions
Gradual, industry-specific interventions in the U.S. economy are quietly undermining growth, much like a frog slowly boiling without noticing the rising heat. This article explores the hidden costs of these policies.
French Workers Strike Over Wages Amid Soaring Inflation
French labor unions staged nationwide strikes on November 10, demanding wage increases amid rising inflation and energy prices. The protests disrupted transportation in cities like Paris, highlighting public discontent.
Why ‘Hunger Queues’ Have Returned to Madrid Amid Europe’s Inflation Crisis
Severe inflation in Europe has led to the return of ‘hunger queues’ in Madrid, as residents struggle with soaring prices for essentials. Many families now spend nearly half their income on daily necessities.
Los Angeles Residents Grapple with Surging Inflation and Record Gas Prices
Residents of Los Angeles face surging inflation as gas prices hit a record $6.08 per gallon, with the cost of living reaching levels unseen in 40 years, impacting daily life.
Egypt’s Soaring Food Prices Strain Local Businesses: A Shopkeeper’s Struggle
Egyptian shop owner Hamdi Ali Abu Zeid shares his struggles as soaring food prices make essentials unaffordable for consumers and threaten local businesses.
Australians Face Unpredictable Future Amid Rising Living Costs
Australians are facing an unpredictable future as the cost of living rises sharply, driven by increased prices in daily necessities, petrol, and housing, placing significant pressure on households.
Inflation Soars in Germany as Residents Stockpile Supplies
German residents are stockpiling essentials as inflation drives up food and energy prices, with sanctions against Russia contributing to rising costs. Yasmin, a nurse in Brandenburg, shares her experience.
Turkish Vlogger Reveals Doubling Prices Amid Inflation in Bodrum
Turkish vlogger Leyla Agdeve highlights how prices in Bodrum have doubled over the past year due to inflation, revealing the impact on daily essentials and people’s shopping habits.