The ruling Politburo called for “more proactive” tax and spending policies but did not endorse broad action to address weak consumer spending.
The ruling Politburo called for “more proactive” tax and spending policies but did not endorse broad action to address weak consumer spending.
Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy prices and supply chains.
The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
Post Content
Fed officials held interest rates steady, but they have splintered over how to fight inflation.
The central bank is expected to leave interest rates unchanged, but investors are preparing for a possible surprise.
Kevin M. Warsh, presiding over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
The central bank’s stance can influence consumer savings and borrowing, from credit cards to home loans and more.
For some U.S. brands seeking a location for their factories, the economic logic is once again pointing to China.