The economy expanded very modestly in the second quarter, economists estimate, as the housing market sagged under higher mortgage rates and consumers coped with soaring inflation.64 min read
Take an early look at the front page of The Wall Street Journal http://wsj.com
After Wednesday’s policy meeting, which is expected to result in 0.75-percentage-point rate increase, attention is likely to turn to how the central bank signals its course of action for September and beyond.5 min read
The investigation by Senate Republicans found that the decadelong effort included threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data.
Falling commodity prices, bond yields and inflation expectations fuel optimism on price pressures.
Companies from Coca-Cola to McDonald’s will share insights on inflation, supply chain and consumers
The restart of the pipeline buys time for governments to decouple from the Kremlin’s exports amid what they expect will be an increasingly unreliable supply of energy.177 min read
The prime minister’s announcement came a day after three large parties in his national unity coalition government didn’t back the prime minister in a Senate confidence vote.1 min read
Take an early look at the front page of The Wall Street Journal http://wsj.com
Russian President Vladimir Putin also warned that flows via the Nord Stream pipeline could be curbed soon if sanctions prevent additional maintenance on its components.
The visit to commemorate 25 years since Britain returned the city to Beijing, marked a milestone in the Chinese leader’s pledge to deliver a strong and unified nation as he moves to extend his rule.16 min ago8 min read
Since the 1973 Supreme Court case, an increasingly influential movement questioned the view of constitutional rights underpinning the decision.
A 5.9-magnitude earthquake in Afghanistan has killed at least 920 people and injured many more. Officials warned that the casualty number could increase and the Taliban has asked foreign aid agencies for help.
“Roughly two and a half years into the pandemic, White House officials and health experts have reached a pivotal conclusion about Covid-19 vaccines: The current approach of offering booster shots every few months isn’t sustainable.
Though most vaccines take years to develop, the Covid shots now in use were created in record time—in a matter of months. For health authorities and a public desperate for tools to deal with the pandemic, their speedy arrival provided a huge lift, preventing hospitalizations and deaths while helping people to escape lockdowns and return to work, school and many other aspects of pre-Covid life.”
U.S. stock markets were poised for a modest recovery after a rout that sent the S&P 500 into a bear market, while bitcoin remained under pressure after selling off sharply in recent days.
U.S. Treasury yields have surged to new multiyear highs, reflecting uncertainty over how high the Fed will have to raise interest rates to tame inflation.14 min read
A string of troubling inflation reports is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected interest-rate increase at their meeting this week.
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