Category : Economy

The International Monetary Fund’s recently released Currency Composition of Official Foreign Exchange Reserves (COFER) report suggests global finance could be at the cusp of a paradigm shift away from the U.S. dollar. With the rise of rival currencies such as the euro and China’s yuan poised to go digital, the USD’s dominance could [&he...;

U.S. stocks suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest level in nearly 12 years, prompting bets on earlier interest rate hikes. A 0.8% jump in the U.S. consumer price index - outpacing a 0.2% […]...

In McKinsey’s latest Global Survey on the economy, executives’ views are more positive than they were in March. Globally 73% of respondents believe that conditions in the world economy will improve in the next six months. The share of executives expecting worsening conditions has shrunk by over a half in the past three months. In [&hell...;

U.S. consumer prices likely rose sharply in April as the economic recovery picked up, reflecting surging demand as the pandemic eased and higher prices due to supply bottlenecks. Economists surveyed by The Wall Street Journal expect the Labor Department to report its consumer-price index jumped 3.6% in April from a year earlier, up from 2.6% [&hell...;

Editor’s note: Bobby Naderi is a London-based journalist, guest contributor in print, radio and television, and documentary filmmaker. The article reflects the author’s opinions, and not necessarily the views of CGTN. The planet’s former “financial superpower” is edging into decline and the International Monetary Fund...

The U.S. economy is close to regaining the ground it lost over the pandemic, according to a new report from Mercatus Center economist David Beckworth. In an update on what Mr. Beckworth calls the “NGDP Gap,” which aims to measure the difference between where the economy is and where “neutral” gross domestic product should be, […]...

Michael Dell is bullish about the world economy ahead as many businesses around the globe are benefitting from a “reimagining of cost” stemming from the COVID-19-related lockdowns with “pent-up” technology demands in 2021. “The world economy feels pretty good right now,” said Dell, chairman and CEO of Dell Technologies during a media and analyst Q&...

(Bloomberg) — Australia will run its economy even hotter, joining the U.S. and Europe in holding open the fiscal spigot in tandem with monetary policy as they try to drive down unemployment and revive inflation. Treasurer Josh Frydenberg’s 2021-22 big budget spend aligns both economic orthodoxy and the political needs of a government with an ...

May 11 (Reuters) - Gold prices were steady on Tuesday as a retreat in U.S. Treasury yields countered a slight rebound in the dollar, while investors awaited key data on inflation due later this week. FUNDAMENTALS * Spot gold was steady at $1,836.26 per ounce by 0134 GMT, after hitting its highest since Feb. 11 […]...

Live updates: Biden calls on employers to help get more workers vaccinated, saying it will boost the economy  The Washington Post Read full article…...