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At this week’s Third Plenum meeting, President Xi Jinping’s Communist Party sent many of the right signals to skeptical investors worried about the trajectory of Asia’s biggest economy – including pledges to “unswervingly encourage” the private sector.
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back.
This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.
The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen.
Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until December to do it.
It was a double whammy for economic data enthusiasts.