Focus
inflation
Behind Rosy Economic Data, Americans Struggle to Make Ends Meet
Eating out less often, taking from 401(k)s, buying medication overseas, choosing cheaper products—Americans say they are feeling the pain of inflation.
Pressure Coming Off RBA as Jobs Market Loses Some Heat
Strong population growth and people re-entering the workforce was adding to labour supply and keeping wages grow at a pace consistent with taming inflation.
Consumers Fight Persistent Inflation by Trading Down to Cheaper Products
Corporate America warns ’the consumer is under pressure.’
Borrowers Warned Not to Count on 2024 Rates Relief
The June rise will be the second-largest hike to HECS debt in more than a decade.
Americans Increasingly Can’t Afford Credit Card Payments as Delinquencies Hit Record Highs
‘Further performance deterioration could be on the horizon,’ a Fed report warns.
JPMorgan CEO Warns Interest Rates Could Top 8 Percent as Inflation Stays High
‘There seems to be a large number of persistent inflationary pressures, which may likely continue,’ Mr. Dimon wrote.
Xi’s Instructing Central Bank to Restart Treasury-Bond Trade Will Lead to Ruling Crisis: Economist
Chinese central bank’s intervention in the state bonds would lead to hyperinflation
Dow Jones Drops 500 Points After Strong US Inflation Report
The Dow dropped by more than 500 points by noon.
US Economy Did Better Than Expected in the Fourth Quarter, but Current GDP Estimates Crash
New revised GDP data show better-than-expected economic growth in fourth quarter 2023, but real-time GDP estimates for first quarter 2024 dropped sharply.
Australian Retail Sales Surge 0.3 Percent With Taylor Swift’s Influence
The Eras Tour spending led to retail sales growing modestly at 0.3 percent.
