Prominent Chinese low-cost retailer Miniso plans to open about 600 overseas stores this year as it shifts the focus of its rapid expansion
From housing data to GDP to the Fed's favorite inflation gauge, the post-holiday week will contain some potentially market-moving catalysts.
The economy continues to roll, jobs are plenty and consumers are getting a bit more upbeat. That's bad news for interest-rate-cut bets.
May Texas Manufacturing Contraction Unexpectedly Deepens, Dallas Fed Says
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 pandemic.
Consumer confidence rebounded in May as Americans continue to cheer a strong labor market.
U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about inflation persisted and many households expected higher interest rates over the next year. The mixed survey from the Conference Board on Tuesday also showed more consumers believed that the economy could slip into recession in the next 12 months. While the economy is expected to slow this year as a result of the cumulative impact of 525 basis points worth of interest rate hikes from the Federal Reserve since March 2022 to tame inflation, economists and most business executives are not forecasting a downturn.
The strong labor market is buying the Fed time to decide how many times it will cut rates—if at all.
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The US Dollar continues to see upward momentum overall against the Japanese yen, but on Monday could be thought of as a “pause”, with the day being Memorial Day in America. This doesn’t change the overall trend, but it was worth noting that the liquidity would be thin.
Consumer prices in Brazil rose less than expected in the month to mid-May, data from statistics agency IBGE showed on Tuesday, as the impact on food inflation from recent floods turned out to be lighter than initially feared. The latest inflation reading, economists say, might ease pressure on the central bank to halt its ongoing monetary easing cycle. Prices as measured by the IPCA-15 index were up 0.44% in the period, IBGE said, picking up from 0.21% in April but below the 0.48% rise expected by economists polled by Reuters.