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U.S. Rate Rises Have Hit the Yen Hard, but Now It's Staging a Comeback
Business

U.S. Rate Rises Have Hit the Yen Hard, but Now It's Staging a Comeback

Japan’s currency has surged against the dollar this month. Central bank moves look set to boost it further. Source link

Homeowners Don't Want to Sell, So Home Builders Are Booming
Business

Homeowners Don't Want to Sell, So Home Builders Are Booming

High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was

U.S. Rate Rises Have Hit the Yen Hard, but Now It's Staging a Comeback
Finances

U.S. Rate Rises Have Hit the Yen Hard, but Now It's Staging a Comeback

Japan’s currency has surged against the dollar this month. Central bank moves look set to boost it further. Source link

The Man Charged With Steering the Yuan Through China's Economic Turmoil
Business

The Man Charged With Steering the Yuan Through China's Economic Turmoil

Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link

A Buoyant Global Economy Is Starting to Sag
Business

A Buoyant Global Economy Is Starting to Sag

Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt and high interest rates burden

Economists Are Cutting Back Their Recession Expectations
Business

Economists Are Cutting Back Their Recession Expectations

Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link

Banks Can't Shortchange Savers Forever
Finances

Banks Can't Shortchange Savers Forever

Lenders may feel more competitive pressure to pass on the benefit of higher interest rates than investors appear to think. Source link

Inflation Is Likely Lowest Since Early 2021---but Still Too Hot for Fed
Business

Inflation Is Likely Lowest Since Early 2021—but Still Too Hot for Fed

Officials are focused on reducing stubborn underlying price pressures as they consider raising interest rates this month. Source link