In an interview with Fox Business New York Fed President John Williams said monetary policy is “well positioned”. “I don’t see any need to change the setting of the fed funds rate anytime soon,” he added. He expected US growth to dip below 1% this year, accompanied by a rise in the unemployment rate to […]
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Japan’s manufacturing sector delivered another strong performance in May, with PMI Manufacturing finalized at 54.4, slightly down from April’s 55.1. The latest reading signaled a fifth straight month of improving business conditions as both output Read more…
China’s latest PMI surveys suggest the economy navigated the second quarter with a growing split between domestic and external demand. Manufacturing activity slowed in May while services improved, indicating that consumer spending at home is Read more…
The shorter trading week, due to U.K. and U.S. holidays, had no major economic releases, but the data that did come out was mixed. U.S. GDP was weaker than expected, while durable goods orders were Read more…