Economic News Category

Kugler from the Fed Suggests Reducing Interest Rates in the Current Year May Be Suitable Adriana Kugler, a Federal Reserve Governor, has indicated that the U.S. could see a reduction in inflation without a significant impact on employment or economic growth this year, paving the way for potential reductions in borrowing costs. This comes as

Japan’s Service Sector Sees Rapid 7-Month Growth Boost in Demand – PMI The Japanese service sector has experienced its most rapid expansion in seven months as of March, primarily driven by a surge in demand, especially in inbound tourism. This growth in services has been a critical factor in Japan’s recent economic performance, helping to

Xi’s Ambiguous Remarks Suggest PBOC Moving Toward Fed’s Model In a recently publicized speech, Chinese President Xi Jinping hinted at a potential shift in the nation’s monetary policy, suggesting the People’s Bank of China (PBOC) might start trading government bonds to manage market liquidity. This move aligns with strategies used by major central banks like

China’s Industrial Revival Signals Further Economic Rebound China’s manufacturing activity exceeded expectations in March, signaling a promising path towards the country’s ambitious 5% growth target for the year. The Caixin manufacturing purchasing managers’ index (PMI) climbed to 51.1, marking a fifth consecutive month of expansion and the longest streak in over two years. The government’s

New Zealand Business Confidence Drops Amid Weakening Activity, Survey Indicates In March, New Zealand’s business landscape faced a notable dip in confidence, according to an ANZ Bank survey. The findings indicated a downward trend in activity indicators and a marginal decrease in inflation pressures. This shift reflects a more cautious outlook among businesses regarding the