by Bloomberg.com | Aug 23, 2024 | alerts, Markets/Economy
Beijing suspends capacity swap system for new furnaces Citi analysts say move ‘likely not enough’ to address problem China has abruptly suspended its system for approving new steel plants, as the government responds to a deep demand slump that’s crushed industry...
by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
New Zealand retail sales volumes contracted for the eighth straight quarter as high interest rates and the surging cost of living curb household spending. Sales volumes fell 1.9% in the fourth quarter of last year from the third, Statistics New Zealand said Friday in...
by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
Annual inflation slowed more than forecast in early August Final second-quarter GDP data confirmed lackluster expansion Mexico’s annual inflation slowed much more than expected while economic growth remained feeble, according to separate reports published Thursday,...
by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
Bigger declines needed to spur buyer demand, economist says High prices and tight supply are keeping homes out of reach Mortgage rates in the US resumed their downward path, dropping to a new low for the year. The average for a 30-year, fixed loan was 6.46%, down from...
by Bloomberg.com | Aug 22, 2024 | alerts, Markets/Economy
Traders currently see 100 basis points of cuts by end of 2024 Fed Chair Powell to provide sense of policy path this Friday Traders are overplaying the prospects of an aggressive series of Federal Reserve interest-rate cuts before the end of the year, according...
