China Rate Cuts Not Enough to Stabilize Economy: Ex-PBOC Adviser (Bloomberg) — Looser monetary policy in China won’t be sufficient to stabilize the economy and a faster increase in government spending is needed, according to a former adviser to the central bank. “Under the current economic situation, the role the PBOC can play is limited,”…
© Reuters. FILE PHOTO: Japan’s new Minister for Economic Revitalisation Daishiro Yamagiwa arrives at prime minister’s office in Tokyo, Japan October 4, 2021. REUTERS/Issei Kato TOKYO (Reuters) – Japan is drafting an economic growth measure taking climate action into account and aims to release a preliminary estimate by the end of March, economy minister Daishiro…
© Reuters. People walk inside a shopping mall during holiday season in Hazmieh, Lebanon December 29, 2021. Picture taken December 29, 2021. REUTERS/Mohamed Azakir/File Photo BEIRUT (Reuters) – Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while…
© Reuters Goldman Sees Risk Fed Will Tighten at Every Meeting From March (Bloomberg) — Goldman Sachs Group Inc. (NYSE:GS) economists said they see a risk the Federal Reserve will tighten monetary policy at every policy meeting from March, a more aggressive approach than the Wall Street bank currently anticipates. The Goldman Sachs economists led…
© Reuters. FILE PHOTO: Light poles are pictured without power during an outage in Mexico’s electricity network, in Ciudad Juarez, Mexico February 15, 2021. REUTERS/Jose Luis Gonzalez (Reuters) – Mexico faces risks to economic growth and potential for a credit rating downgrade in the medium term from political developments including the likely passage of a…
© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 6, 2022. REUTERS/Brendan McDermid By David Randall NEW YORK (Reuters) – Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets…
© Reuters. U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side economics,” using a Reagan-era phrase favored by Republicans…
© Bloomberg. A World Economic Forum (WEF) sign stands at the entrance to the Congress Center on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 23, 2018. World leaders, influential executives, bankers and policy makers attend the 48th annual meeting of the World Economic Forum in Davos from…
© Reuters. U.S. Treasury Secretary Janet Yellen addresses the U.S. Conference of Mayors winter meeting in Washington, U.S. January 19, 2022. REUTERS/Jonathan Ernst By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday rebranded the Biden administration’s economic agenda as “modern supply-side economics,” using a Reagan-era phrase favored by Republicans…
WASHINGTON (Reuters) – A gauge of future U.S. economic activity increased solidly in December, suggesting the expansion would continue despite challenges from the COVID-19 pandemic and anticipated interest rate increases from the Federal Reserve to tame high inflation. The Conference Board said on Friday its Leading Economic Index rose 0.8% last month after advancing 0.7%…





