Fed announces reduction in balance sheet runoff pace
The Federal Reserve announced plans on Wednesday to slow the speed of its balance sheet drawdown, after having spent much…
US private payrolls beat expectations in April
U.S. private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the…
The eurozone economy finally exits stagnation and enters recovery
The eurozone economy finally showed some meaningful growth again in the first quarter of 2024 after a long period of…
Central Europe’s rate-setters have pause for thought
With steep falls in inflation over and the timing of the first Federal Reserve rate cut pushed back by strong…
U.S. facing “higher for longer” growth, inflation and rates – UBS
The U.S. economy will potentially to see “higher for longer” economic growth, inflation and interest rates, according to analysts at…
Von der Leyen’s China plan is all bark and no bite
Ursula von der Leyen has taken a tough line against China in public. But frustration with Beijing’s subsidies is at…
US productivity slows sharply in first quarter
U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend…
Germany hit hard as foreign investment falls in Europe, EY survey shows
Foreign direct investment (FDI) into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid…
Euro zone inflation on track, back at target soon, ECB’s de Cos says
Euro zone inflation is falling as expected and will ease to 2% in the middle of next year after a…
US issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that…