Eurozone Inflation Slows to 1.8%, Bolstering Bets on Faster Rate Cuts
Investors now expect the European Central Bank to lower interest rates at its next meeting in October.
Posted inBiden, Joseph R Jr East Coast (US) Freight (Cargo) Gulf Coast (US) Inflation (Economics) International Longshoremen's Assn International Trade and World Market Labor and Jobs Ports Prices (Fares, Fees and Rates) Strikes Supply Chain United States Economy United States Maritime Alliance
How the Port Strike Could Affect the Economy
Transportation and warehousing sectors are poised to first feel the pinch, with a broader economic fallout expected if the strike drags on.
Posted inBanking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy
Fed Chair Powell Underscores That More Rate Cuts Are Coming
Jerome H. Powell, chair of the Federal Reserve, said that inflation is down and unemployment up “significantly,” and that rates will move down “over time.”
Posted inBank of Japan Economic Conditions and Trends Government Bonds Inflation (Economics) Interest Rates Ishiba, Shigeru Japan Liberal Democratic Party (Japan) Politics and Government Stocks and Bonds
Stocks Tumble in Japan After Party’s Election of New Prime Minister
Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.