Growth to Slow as Tariffs Bite, But AI Investments May Cushion the Blow
The OECD forecast the global economy to expand by 2.9% next year, a slowdown from 3.2% this year. Source link
Finance
Officially, the search for a new Federal Reserve chair is still under way. Unofficially, the process seems to be all but over, with President Trump appearing to favor Kevin Hassett.
Interviews for the position are still under way, but Hassett offers what other candidates don’t: the president’s trust and credibility
South Korea’s Inflation Holds Steady, Above Target
The consumer-price index rose 2.4% from a year earlier in November, unchanged from October, the national statistics office said. Source
U.S. manufacturing activity contracted for the ninth consecutive month in November, a decline manufacturers attribute largely to President Trump’s tariffs
Tariffs continue to weigh on U.S. producers. Source link
U.S. Factory Activity Contracts Faster Than Expected
ISM said U.S. factory activity slipped at a faster pace than expected in November, as businesses continue to face a
The coming interest-rate decision by the Federal Reserve could be an unusually close call. Here’s a breakdown of the stance of the 12 policymakers who will vote on Dec. 10.
The December meeting is around the corner, and Fed Chair Jerome Powell is facing a divided body. Source link
Bitcoin Falls as Prospect of Rate Rise in Japan Spooks Investors
BOJ Gov. Kazuo Ueda’s comments added to risk aversion and come against a backdrop of concerns about an overvaluation of
Asia Manufacturers Signal Brighter Outlook Despite PMI Weakness
S&P Global’s latest purchasing managers indexes showed a broad uptick in sentiment in the sector midway through the last quarter
Economists predicted a global shock from President Trump’s tariffs, but some of them are now revising their global growth predictions upward
Economists predicted a global shock from President Trump’s tariffs, but some of them are now revising their global growth predictions
China Private Gauge Signals Weaker Manufacturing Activity
Growth in China’s manufacturing production came to a halt as new orders nearly stalled last month despite a renewed rise