economic policies – Page 5

US Retail Sales Rise Moderately; Economy Plodding Along

WASHINGTON—U.S. retail sales rose less than expected in June as receipts at service stations and building material stores declined, but consumers boosted or maintained spending elsewhere, which likely kept the economy on a solid growth path in the second quarter. Overall, the mixed report from the Commerce Department on Tuesday painted a picture of consumer…

Pound Slides After Cooler Inflation Data, Yen Under Pressure Again

LONDON/SINGAPORE—Sterling slid on Wednesday after lower-than-expected British inflation data suggested the Bank of England might not have to raise rates quite as high as expected, while the latest dovish comments from the Bank of Japan caused the yen to soften. The pound dropped as much as 0.8 percent against the dollar to $1.2931, and also…

Brent Oil Hovers Over $80 as Inflation Worries Ease

LONDON—Global oil benchmark Brent hovered above $80 on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations the U.S. Federal Reserve will stop raising interest rates soon. Brent futures rose 38 cents at $80.01 a barrel by 0956 GMT, while U.S. West Texas Intermediate (WTI) crude was up 20 cents to $75.95 per…

Stocks Climb, Sterling Weighed Down as UK Inflation Slows

LONDON, SYDNEY—Global stocks and government bonds rallied on Wednesday as good news on UK inflation added to a picture of cooling price pressures, although the data slammed the brakes on sterling’s recent winning streak. Headline British consumer price inflation fell to 7.9 percent year-on-year in June, against expectations for 8.2 percent, in the latest downside…

“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…

Federal Reserve Not a Climate Policymaker, Says Central Bank Supervisor

Despite the Federal Reserve’s supervisory work related to the financial risks of climate change, the U.S. central bank is not a climate policymaker, says a supervisory and regulatory director at the institution. Dr. Michael Gibson reiterated Chair Jerome Powell’s remarks earlier this year that the Fed is not crafting climate policy. However, the central bank…

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Tag: economic policies

US Retail Sales Rise Moderately; Economy Plodding Along

Pound Slides After Cooler Inflation Data, Yen Under Pressure Again

Brent Oil Hovers Over $80 as Inflation Worries Ease

Stocks Climb, Sterling Weighed Down as UK Inflation Slows

New York Federal Reserve Reports Surge in Credit Application Rejections

‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

[PREMIERING NOW] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

American Startups Facing a Tough Situation in 2023, With Little Sign of Relief

Federal Reserve Not a Climate Policymaker, Says Central Bank Supervisor

[PREMIERING 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

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