Recently, it seems that no one can avoid talking about money – whether in a gas pump, a grocery store or scrolling on social networks. Everyone has an opinion about what drives the economy these days, and curiosity about what actually adheres to people’s consciousness has caused a more attentive look at some fresh data … Read more
Nonfarm payrolls data came in hotter than expected, bolstered by other labor market indicators that suggest the FOMC won’t cut interest rates this year. The overall figure was more than double what was expected; unemployment fell to 4.1% and wages rose about 4%. Rising employment and wages signal that one Fed mandate has been met, … Read more
BEIJING: The National Development and Reform Commission (NDRC), China’s top economic planner, vowed on Tuesday that it will step up efforts to introduce a package of incremental policies, including an emphasis on scaling up macro counter-cyclical adjustments, boosting domestic consumption, and shoring up capital markets – among others – as part of the efforts to … Read more