Minutes from Kevin M. Warsh’s first meeting as chairman revealed the extent of divisions at the central bank about the path for interest rates.
Category: Economic Conditions and Trends
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Trump Lashes Out at Spain: ‘Cut Off All Trade.’ Here’s Why That’s Unlikely.
A move against Spain would face political, legal and practical issues and probably provoke a wider trade war with the European Union. It could also roil markets.
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China Emerges as a Relative Winner From Strait of Hormuz Crisis
A report examines how the war in Iran has weighed on Asian economies, but left China in a more advantageous position.
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Inflation Accelerated in May as Iran War Pushed Up Prices
A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices.
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U.S. Inflation Problems Are Far From Over
The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.
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Brexit Has Cost the UK Growth, Analysts Say, in the Decade Since the Vote
Citing lower trade and investment, analysts broadly agree that Britain’s economy is smaller than it would have been if the country had stayed in the E.U.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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Worried About War’s Impact, Bond Investors Push Rates to Highest Level Since 2007
The 30-year U.S. Treasury yield hasn’t been this high since the lead up to the global financial crisis. Across Europe and Asia, yields are also elevated.
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The Iran War Is Crippling One of the World’s Wealthiest Nations
Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth.