China manufacturing activity shrinks for a third straight month in July- PMI
-- China’s manufacturing sector shrank as expected in July, purchasing managers index data showed on Wednesday, contracting for a third consecutive month as domestic...
-- China’s manufacturing sector shrank as expected in July, purchasing managers index data showed on Wednesday, contracting for a third consecutive month as domestic...
A newly published white paper is causing a stir on Wall Street and in Washington by accusing the Treasury Department of conspiring to boost the economy for political ends, and of risking a revival of inflation in the process.
Overall U.S. inflation cooled as expected in June, adding to expectations that the U.S. Federal Reserve will start cutting interest rates in September. According...
-- Consumer price index inflation in Japan’s capital showed limited signs of growth in July, offering up mixed signs on price growth ahead of a Bank of Japan meeting...
The spread between 10- and 2-year Treasury yields reached its least-negative level in two years on Wednesday, helped by traders’ expectations that the Federal Reserve needs to start cutting interest rates.
The Fed's hopes of a soft landing for the U.S. economy got a major boost this week.
--Japanese manufacturing activity unexpectedly shrank in July, preliminary purchasing managers index data showed on Wednesday, while the services sector rebounded on...
The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation, according to a growing majority of economists in a Reuters poll. Declining price pressures over the past few months and recent signs of labor market weakness gave several members of the policy-setting Federal Open Market Committee (FOMC) "greater confidence" inflation will return to the U.S. central bank's 2% goal without a significant economic slowdown. While all 100 economists in the July 17-23 Reuters poll said the Fed will keep rates unchanged on July 31, more than 80% - 82 of 100 - forecast the first 25-basis-point cut would come in September, pushing the federal funds rate to the 5.00%-5.25% range.
BofA Global Research strategists said a sustained stock-market rotation hinges on a 10-year Treasury yield below 4% and an ISM manufacturing PMI above 50.
-- Japanese consumer price index inflation grew a touch below expectations in June as consumer spending picked up only slightly, brewing more uncertainty over just...