Fed’s Bowman Wary of Reacting to Short-Term Energy Inflation
Fed governor Michelle Bowman said reacting to temporarily elevated energy-price inflation would add unwarranted policy restraint, weighing unnecessarily on economic […]
Finance
Canada’s Economy Contracts for a Second Straight Quarter
Canada’s economy unexpectedly shrank for a second consecutive quarter as imports jumped while exports faltered, and as weakness in business
Japan Spent Record 11.735 Trillion Yen On Currency Intervention
Japan spent that amount, or about $73 billion, between April 28 and May 27. Source link
How to Avoid the Tiny Blunder That Cost Two Donors a $665,000 Tax Deduction
The rules for charitable tax breaks depend on getting details right for smaller and larger donations. Source link
French Inflation Rises to More-Than Two-Year High as Energy Costs Intensify
The result puts the European Central Bank on course to raise interest rates for the first time since 2023 when
Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill
Soaring interest rates and stubborn inflation have led to the highest delinquencies since the financial crisis. More families are shifting
Labor’s share of economic output just hit an all-time low, while the profit share hit a near-record. The divide helps explain why consumers feel so glum, writes @greg_ip
Labor’s share of economic output just hit an all-time low, while the profit share neared a record. It helps explain
Reports of an Iran deal boost markets, new-car buyers are disappearing, and GDP growth slows. Read more in today’s Markets P.M. newsletter.
Plus, disappearing car buyers and slower growth. Source link
Gen Z Can’t Get Enough of Roth IRAs
A younger generation embraces the benefits of tax-free investment growth. Source link
Canada Lenders Well Placed to Handle Prolonged Energy-Price Shock, Central Bank Says
Canada’s banks have fortified their financial position over the past year and would be able to lend to customers should