Inflation Usually Hits Harder for Poor Families. For a Couple of Years, It Didn’t – WSJ
Something unexpected happened during the burst of inflation that came on the heels of the pandemic: Poorer Americans experienced a bit less of it than...
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Fed’s Powell Nods to Upcoming Strategy Review as Officials Prepare to Cut Interest Rates – Bloomberg
In Jackson Hole this weekend, Federal Reserve Chair Jerome Powell outlined two priorities for the months ahead: keeping the US economy afloat while also taking...
Central banks should raise the bar for intervention – The Financial Times
Few would begrudge the mildly celebratory tone in US Federal Reserve chair Jay Powell’s speech at Jackson Hole on Friday. Dire predictions that the Fed...
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back – CNN
It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to...
Is America already in recession? – The Economist
An early-warning system for recessions would be worth trillions of dollars. Governments could dole out stimulus at just the right time; investors could turn a...
Eurozone Wages Slow Sharply, Paving Way for ECB Rate Cut – WSJ
Wages in the eurozone rose at a significantly slower pace during the three months through June, paving the way for further cuts in borrowing costs...
Why investors are not buying Europe’s revival – The Economist
The profits of European listed firms rose during the second quarter of this year. In much of the rest of the world, that would be...
U.S. Slows a Little But Global Economy Proves Resilient – WSJ
The U.S. has slowed slightly this month, but other parts of the global economy are showing surprising signs of resilience in the face of still-high...
Fed Officials Argue for Gradual Pace of Cuts Starting Soon – Bloomberg
Two Federal Reserve officials said they believe it’s appropriate for the US central bank to begin lowering interest rates soon, and that the pace of...
Tech industry taps old power stations to expand AI infrastructure – The Financial Times
Booming demand for artificial intelligence is encouraging big tech companies and their suppliers to explore converting old power stations and industrial sites into data centres....