Yellen’s arrival this week comes days after China imposed restrictions on exporting two metals that are crucial to key technology industries, the latest escalation in an ongoing trade war.
Federal Reserve Chair Jerome Powell reckons the U.S. economy can skirt recession. But the odds are stacked against him — thanks to banking, politics, and even the weather.
China’s reopening could be the single most important factor for global growth in 2023, but there is caution that it could increase the price of oil and lift costs for consumers.
The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel.
A variety of factors are combining to dissipate some of the gloom that engulfed financial markets at the end of 2022.
Almost three years after COVID-19 hit, companies around the world still complain that they can’t get the talent they need.
History says the Federal Reserve’s high-speed interest-rate hikes may well tip the U.S. into recession in 2023. Few will be surprised if spiraling natural-gas prices do the same for Europe.
Evidence of the impact — and of the blow to consumers’ purchasing power from soaring prices — is mounting quickly.
The major global central banks, which failed to see the pandemic price shock coming, are set to press ahead with interest-rate increases even as headline inflation tops out.
Prices are soaring worldwide, particularly for essential foods and fuels, eroding the spending power of families.
