Federal Reserve Bank of New York President John Williams remarked on Tuesday that the central bank has brought the monetary policy to a “restrictive stance” and that, for any future decisions, it should monitor retail sales, inflation and other data. “We will see what we need to do on hikes by assessing the data,” Williams …
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China’s consumer price inflation fell below one percent in March, official figures showed Tuesday. The March consumer price index (CPI) — the main gauge of inflation — came in at 0.7 percent, down from the one percent seen a month earlier, according to the country’s National Bureau of Statistics (NBS). Beijing is targeting an average …
Oil prices climbed higher today, after the Energy Information Administration reported a crude oil inventory draw of 3.7 million barrels for the week to March 31. At 470 million barrels, inventories are about 4 percent above the five-year average for this time of the year, the authority said. Last week’s draw compares with a draw …
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The New York Federal Reserve stated Monday in its latest Survey of Consumer Expectations that 1-year inflation expectations increased from 4.2% to 4.7% in March. According to the report, the figure for the 3-year inflation expectations came in at 2.8%, up from 2.7% last month, while for the 5-year declined to 2.5% from 2.6%. “Credit …
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In the last month or so, two macro risks have become top of mind for investors. One is the stability of regional banks. The other is the weakness in the commercial real estate market. On some level, they’re separate stories, but they’re also linked, since regional banks tend to do more commercial real estate lending …
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India’s fuel demand increased by 5% in March compared to a year earlier, reaching 20.5 million tons. Demand for both gasoline and diesel climbed in March compared to March last year and February this year. Fuel consumption in India is expected to rise by 4.7% in the fiscal year between April 2023 and March 2024. …
Morgan Stanley sees refinancing risks front and center Office, retail property valuations could fall as much as 40% Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them? “Refinancing risks are front and center” …
Russia cut oil production by 700,000 barrels of oil a day in March, per Bloomberg. That is a bigger reduction than the 500,000 barrels a day that the country pledged to cut originally. The reduced output comes as OPEC+ pledges production curbs of 1.1 million barrels a day starting in May. Russia reduced its production …
The Chief Asia-Pacific Economist of S&P Global Ratings says the agency has adjusted its forecast for the China’s GDP growth this year from 4-point-8 percent to 5-point-5 percent. He told CGTN reporter Yang Shanshan the move comes amid a recovery led by consumption and services. YANG SHANSHAN, Beijing “Why do you decide to adjust China’s …
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White House National Economic Council Director Lael Brainard said on Friday that the latest United States jobs report is “really nice” and consistent with stable growth. “I see a lot of positives in the job market,” Brainard told MSNBC. “I think generally this report is consistent with steady and stable growth,” she added and attributed …
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