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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
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
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
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
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
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
The Real Fed Debate This Month: What Would Prompt a Rate Hike This Fall
What to Read Next Source link
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
Officials are focused on reducing stubborn underlying price pressures as they consider raising interest rates this month. Source link
