Placeholder while article actions load The yen has slipped to two-decade lows against the dollar largely because Japan has a different view on inflation than its global peers. The Bank of Japan stands out among major central banks with its commitment to maintain rock-bottom interest rates to revive inflation on a sustainable basis (after years...Read More
Sen. John Barrasso, R-Wyo., discusses how Americans are impacted by 40-year-high inflation under the Biden administration. Sen. John Barrasso, R-Wyo., joined “Varney & Co.,” Thursday, arguing that Biden’s “inflationary economy” is unaffordable for Americans and that he’s “tone-deaf” to the pain he’s caused families nationwide. SEN. JOHN BARRASSO: The Democrats are going to get wiped...Read More
The IMF expects to once again cut its forecast for world growth this year amid a continued deterioration of conditions in the global economy, a fund official said Thursday. “So much has happened and (is) happening very quickly,” IMF spokesperson Gerry Rice told reporters, including the ongoing war in Ukraine, accelerating inflation and a steeper-than-expected...Read More
Photo Credit: Sean Pavone / Shutterstock Since the beginning of the COVID-19 pandemic, experts have struggled to understand exactly what is happening with the U.S. economy. In the spring of 2020, many observers feared massive job loss and economic hardship, but robust federal stimulus helped stem the worst effects. Through much of 2021, the labor...Read More
The Economist magazine recently pointed out that China, over the past 20 years, has been “the biggest and most reliable source of growth in the world economy.” It contributed a quarter of the rise in global GDP over that period and expanded in 79 of the 80 quarters. These impressive numbers reflect the impact of...Read More
Last month, Connecticut became the fifth state to pass a comprehensive consumer data privacy law. As more states appear poised to follow suit, America’s digital economy is increasingly threatened by regulatory fragmentation. If Congress were to pass federal data privacy legislation, it should preempt this growing patchwork of state laws, protect consumer privacy and promote...Read More
Markets Stock markets guided global trading yesterday in an emotionless session. European stock markets opened rather weak in line with WS’s performance on Tuesday and failed to overturn those losses throughout the day. They eventually closed around 0.75% weaker. The EuroStoxx50’s revival since early May is showing more and more signs of fatigue. The downbeat...Read More
“For many countries, recession will be hard to avoid,” said David Malpass, the World Bank’s president. The agency doesn’t foresee a much brighter picture in 2023 and 2024: It predicts just 3% global growth for both years. For the United States alone, the World Bank has slashed its growth forecast to 2.5% this year from...Read More
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