The yuan — also known as the renminbi — lost about 0.5% against the dollar on…
Tag: economy
Jerome Powell says Fed could keep lifting interest rates sharply
Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more…
Inflation cools as U.S. consumer prices rose 6.3% in July
Inflation eased last month as energy prices tumbled, according to a report closely watched by the…
From energy to drinking water, China has lots to fix in its economy
The new measures announced by China’s cabinet on Wednesday amount to more than 1 trillion yuan…
China turns back to coal as record heatwave causes power shortages
The country’s crucial Yangtze River has dried up in parts because of extreme heat and scant…
Expect interest rate hikes to continue into 2023, Fed official says
The hikes would follow back-to-back 75-basis point increases by the Federal Reserve, intended to tackle white…
Fed saw evidence of a slowing economy at its last meeting
Federal Reserve officials saw signs that the U.S. economy was slowing at their last meeting, when…
When will price increases end? Probably never
At the grocery store, you’re getting about 11 cents less than you did just a year…
UK inflation exceeds 10% as bread and milk prices soar
Annual consumer price inflation hit 10.1% in July, according to data published by the Office for…
UK workers suffer biggest hit to their wages since records began
Average real wages — which account for inflation — fell by 3% between April and June…
