Analysis: Fed faces balance sheet dilemma as US economy slows

The US Federal Reserve Building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 15 (Reuters) – With the recent slowdown in inflation, the Federal Reserve is faced with a conundrum ahead of a plan next month to double the rate at … Read more

RI economy begins moving past pandemic

RHODE ISLAND’S economy expanded for the 15th consecutive month in June, showing signs it has truly begun to move past the pandemic, University of Rhode Island economist and professor Leonard Lardaro said Monday. / PBN FILE PHOTO/MICHAEL SALERNO PROVIDENCE – Rhode Island’s economy expanded for the 15th consecutive month in June, showing signs it has … Read more

New ‘super-minister’ tasked with saving Argentina’s ailing economy

BUENOS AIRES, Argentina (CN) — Argentina’s new economy minister Sergio Massa has outlined his strategy to restore fiscal control and reverse runaway inflation with the government creating a ‘super ministry’ as the country faces a deep financial crisis. As the economy ministry absorbs the production and agricultural departments, Massa takes office as the third economy … Read more

China’s surprise rate cut, economic slowdown send oil prices plunging

Placeholder while article actions load Oil prices tumbled Monday after China’s central bank unexpected cut rates after data showed economic activity broadly slowed in July, including consumer spending and factory output, reigniting concerns of a global downturn. Signs of further cooling in the world’s second-largest economy, already under stained from China’s zero-covid policy and a … Read more

Builders Turn Even More Gloomy in August, as Confidence Falls to 2020 Levels | Economy

Confidence among builders continued to slump in August, the National Association of Homebuilders reported on Monday. The association’s home builder confidence index fell 6 points to 49, down from July’s reading of 55 and its first reading below 50 since May 2020, as rising mortgage rates and higher prices dampened demand. “Ongoing growth in construction … Read more

Greenback Surges As China’s Economy Slows Sharply

The dollar was on track for its biggest one-day rise against China’s yuan for three months on Monday. The offshore yuan tumbled after data showed China’s economy sputtered in July and the central bank cut interest rates. Chinese growth is slowing as the economy grapples with a property crisis and a strict zero-COVID policy. Loading … Read more

Stocks slump as China’s economy lags

US stocks dipped in a downbeat start to the trading week after equity markets rallied towards their longest winning streak in 10 months on Friday. The S&P 500 fell 0.5% after the benchmark index marked its fourth straight week of gain in the previous trading session, officially recouping half of its bear market losses this … Read more

A Year After Taliban Takeover, Afghanistan’s Economy Is Still in Crisis – and So Are Its Children – The Diplomat

The Debate | Opinion Aid is keeping Afghan children alive, but it can’t fix an economy in collapse. A Taliban fighter stands guard as people receive food rations distributed by a Chinese humanitarian aid group, in Kabul, Afghanistan, Saturday, April 30, 2022. Credit: AP Photo/Ebrahim Noroozi Advertisement Samar* doesn’t go to school as much anymore. … Read more