China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s, analysts say, exposing a key vulnerability likely masked by a growth upswing at the end of last year. Deflation persisted for the second straight year in 2024, official data due Friday…
Rachel Reeves, as has often been the case since Labour took office in July, is the subject of several tricky news stories today. Her budget continues to attract criticism, while the Chinese spying scandal has put her at the center of a row about how the government should approach the foreign power. Firstly, the budget…
I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today we’re looking at how Chinese factories are preparing for a second trade war. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Manufacturers…
Where is Team Recession now? With new, surprisingly good job numbers for September showing Fed Chair Jerome Powell and his colleagues on the cusp of sticking that soft landing, the US unemployment rate—amid fears the central bank waited too long to cut rates—actually went down. US job growth last month topped all estimates and wage…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year….