The data from recent months shows that we are making progress in achieving the dual goals of maximum employment and stable prices, "Federal Reserve Chairman Powell said at the New York Economic Club on October 19th local time. Powell stated that inflation data has decreased during the summer, which is a very favorable development. But inflation is still too high, and the good data in recent months is only the beginning of building confidence. We don't yet know ho ... 阅读全文

07:30:39 Japan's core consumer prices rose 2.8% year-on-year in September.

07:10:24 Credit Suisse is preparing for the third wave of layoffs, with a target of 10% layoffs.

From 2014 to 2021/2022, Cambodia's multidimensional poverty index decreased from 0.168 to 0.070, and the poverty rate decreased from 36.7% to 16.6%. The aforementioned data was jointly released by the United Nations Development Programme and the Oxford Centre for Poverty and Human Development at the University of Oxford. On the 19th, Cambodia News Agency reported that it was included in the recently released 2023 Global Multidimensional Poverty Index report. The ... 阅读全文

The US government, which did not take advantage of the low oil prices during the year to significantly replenish its strategic crude oil reserves (SPR), is preparing to catch up. The US Department of Energy announced on Thursday that the Biden administration hopes to purchase 6 million barrels of crude oil for delivery in December of this year and January of next year to replenish strategic oil reserves. The upper limit for the price of crude oil purchased in the ... 阅读全文

The Federal Reserve's Bostek said it has not yet seen a spiral increase in wage prices occur; Salary is a lagging indicator in the current economy.

The US real estate market is showing signs of collapse, with trading volume at its worst since the 2008 financial crisis Image Source/Visual China Wen | Jin Yan The serious slowdown of the US real estate market has lasted for more than a year, and this trend has not been alleviated. At the same time, the yield of US long-term treasury bond bonds has surged to the highest level in more than 10 years. As the benchmark interest rate of the global capital market, the ... 阅读全文

Federal Reserve Chairman Powell stated that inflation in the United States is still too high. Federal Reserve Chairman Rom Powell acknowledged that there have been signs of a cooling down in inflation in the near future, but stated that inflation is still too high and the trajectory of inflation in the United States may be "bumpy". Lowering inflation will take time, and emphasized that the Federal Reserve's commitment to achieving the 2% inflation target is firm. ... 阅读全文

00:09:17 The US swap market lowered expectations for another rate hike by the Federal Reserve.

A thousand calls have begun to emerge. Not long ago, the global GDP data for 2023 was finally released, and what everyone is most concerned about is undoubtedly the ranking among countries. Firstly, Germany achieved a century long comeback and finally surpassed Japan after 50 years. At the same time, there have been significant changes in GDP data for India, South Korea, and Japan. However, the biggest concern among Chinese people is actually the competition betw ... 阅读全文

After just entering the 21st century, the global economic landscape has seen a situation of "one superpower and multiple powers", with "one superpower" referring to the United States and "multiple powers" referring to many countries including China, Japan, Germany, etc. Now that more than 20 years have passed, the so-called "one super" has also become the "two super". In terms of economic strength, the top five in the world are currently the United States, China, ... 阅读全文

Last week, the initial demand in the United States unexpectedly dropped to its lowest level since January, indicating that even under the pressure of the Federal Reserve's repeated interest rate hikes, the labor market remains exceptionally hot. Prior to the US stock market on Thursday (October 19th), data released by the US Department of Labor showed that in the week ending October 14th, the number of first-time applicants for unemployment benefits was 198000, a ... 阅读全文

On Wednesday (October 18th) local time, the European Central Bank announced that the management committee has agreed to enter the preparatory stage for the digital euro, which will initially last for two years. During this period, the European Central Bank will complete its rulemaking and select suppliers to develop the platform and required infrastructure. European Central Bank President Lagarde said, "We need to prepare for the future currency. The digital euro ... 阅读全文

Austria's annual inflation rate is still higher than the European average The Austrian Bureau of Statistics predicts an inflation rate of 6.1% in September in its preliminary estimates. The food and hotel industries have replaced household energy as the main price drivers. In September, Austria's annual inflation rate (CPI) dropped to 6%, the lowest level since the Russia Ukraine war 20 months ago. However, the inflation rate in this Alpine republic is still high ... 阅读全文

Source: China Daily website Recently, a report in the German newspaper "Business Daily" exclusively disclosed a document from the Federal Ministry of Economic Affairs and Climate Action, which showed that the German government will reduce the provision of investment guarantees to German companies in China and improve the conditions for providing guarantees when investing in other developing countries and emerging markets. The Business Daily quoted German Deputy P ... 阅读全文

The Indian "One World" news website recently reported that the Nobel Prize Committee has decided to award the Economics Prize to Harvard University professor Claudia Golding, which is a major victory for female economists and economic historians. Golding was the third woman to receive this honor and the first woman to enjoy it alone. However, breaking the glass ceiling is not new to Golding. She was the first woman to receive a tenured teaching position in the pr ... 阅读全文

Recently, a report in the German newspaper "Business Daily" exclusively disclosed a document from the Federal Ministry of Economic Affairs and Climate Action, which showed that the German government will reduce the provision of investment guarantees to German companies in China and improve the conditions for providing guarantees when investing in other developing countries and emerging markets. The Business Daily quoted German Deputy Prime Minister and Minister o ... 阅读全文

Wang Jinbin, Executive Deputy Secretary of the Party Committee of the School of Economics at Renmin University of China, Researcher at the National Institute of Development and Strategy, and Key Member of the China Macroeconomic Forum (CMF) Number of words in this article: 2002 words Reading time: 5 minutes The core inflation rate (PCE) in the US economy is not sensitive enough to interest rates, and US inflation may exceed the Federal Reserve's expectations. Ele ... 阅读全文

On October 19th Beijing time, Tesla released its financial report for the third quarter of 2023, but it did not bring much good news. Net profit has decreased by 44%, and production of Cyber Trucks is facing difficulties. These news have made Tesla CEO Musk appear somewhat frustrated during the financial report call, "I cannot tell you how much blood, sweat, and tears it will take to achieve this goal. Perhaps due to this impact, Tesla's US stock market fell more ... 阅读全文

According to the report of Nihon Keizai Shimbun on October 18, data from the Organization for Economic Cooperation and Development shows that the wage gap between men and women in Japan has narrowed by 15 percentage points to 21.3% in the 25 years to 2022. Due to the improvement of employee benefits by enterprises, the wage gap between men and women in Japan has been reduced, but it is still about twice the average level in developed countries. In order to furthe ... 阅读全文