Inflation Is Getting Under Control
According to the latest report from the Labor Department on Wednesday, consumer prices in June rose by a mere 3% compared to the previous year - the smallest annual increase since March 2021.
Go Deeper (2 min read)Deflationary Forces Build Up
Consumer prices in China approached the brink of deflation, intensifying the need for policymakers to implement additional stimulus measures to revive sluggish demand.
Go Deeper (3 min read)More Hikes Coming
Federal Reserve Chairman Jerome Powell expressed a firm stance on inflation, projecting multiple interest rate increases in the near future, potentially at an aggressive pace.
Go Deeper (3 min read)Where Is Inflation Heading?
Consumer inflation in the United States is showing signs of meaningful abatement. Gas prices have dropped, eggs cost about half as much as they did in January, and prices across a wide range of products are no longer climbing rapidly.
Go Deeper (3 min read)Eurozone Activity Slows
Preliminary data released on Friday indicates a slowdown in business activity growth in Europe, suggesting a challenging end to the second quarter.
Go Deeper (2 min read)More from Markets
The Great Reshoring
With the outbreak of the COVID-19 pandemic, supply chain disruptions became prevalent, prompting several Western countries to initiate campaigns focused on reshoring and nearshoring.
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Netflix Gains Momentum with Ad-Supported Tier
The streaming service recently disclosed that its more affordable ad-supported option has garnered five million monthly active users. Furthermore, in areas where this tier is available, approximately 25% of new subscribers are opting for it.
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Japan Is Back
The Topix Index in Japan has reached its highest level since August 1990, indicating the return of foreign investors. Year-to-date, the Tokyo Price Index has recorded a gain of over 6%.
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Inflation Is Hard To Tame
In a prepared speech for a monetary policy conference at the Hoover Institution, Bullard stated, given the current macroeconomic conditions, it can be argued that monetary policy now lies at the lower end of what is considered sufficiently restrictive.
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In April, the National Federation of Independent Business (NFIB) reported that small business confidence in the US declined to the lowest level in more than a decade.
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Aramco's Profits Fall
On Tuesday, Aramco, the state-owned oil company of Saudi Arabia, reported a 19% decrease in first-quarter earnings, with a net income of $31.9 billion compared to $39.5 billion the previous year, due to the decline in oil prices.
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