Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy.In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive...
Category: Economy
Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo.Kazuhiro Nogi | Afp | Getty ImagesThe Bank of Japan kept its benchmark interest rate...
Wholesale prices unexpectedly fell 0.2% in May
A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back.The producer price index, a gauge of prices that producers get for their goods and services in the open market, declined 0.2% for the month, the Labor Department's Bureau of Labor Statistics...
Job openings fell again in April, hitting lowest level since February 2021 in a sign of labor market weakening
Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the Federal Reserve with more impetus to start lowering interest rates.The Labor Department's Job Openings and Labor Turnover Survey released Tuesday showed that the level of employment vacancies slipped to 8.06...
OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022.Bloomberg | Bloomberg | Getty ImagesThe prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia's energy minister."Central banks, with all respect,...