The Wall Street Journal.NowCooler Pay Gains Add to Debate on When Fed Might Pause Rate HikesThe Wall Street Journal. - Gabriel T. Rubin, Nick TimiraosWorker pay gains cooled at the end of last year, leaving Federal Reserve officials on course to slow interest-rate increases again Wednesday while intensifying the debate over when to stop raising rates in the months ahead. Employers spent 1% more on wages and benefits last quarter versus the prior …
The Wall Street Journal.8 hours agoChina's Consumers Drive Rebound in Economic ActivityThe Wall Street Journal. - Stella Yifan XieHONG KONG—Economic activity in China shook off a monthslong slump in January following the lifting of Beijing’s zero-Covid policy, a positive sign for a global economy that faces a litany of challenges this year. Official gauges of activity in both manufacturing and services improved sharply, with …
The Wall Street Journal.9 hours agoEurozone Economy Outpaced China and U.S. in 2022The Wall Street Journal. - Paul HannonThe eurozone economy grew faster than China and the U.S. last year, underlining how the fading Covid-19 pandemic continues to scramble traditional patterns of global growth. Figures released by the European Union’s statistics agency Tuesday showed the currency- area’s economy grew at an annualized …
The Wall Street Journal.15 hours agoMemory-Chip Makers Face a Prolonged Price SlumpThe Wall Street Journal. - Jiyoung SohnSEOUL—Memory-chip prices, which dropped steeply over the past year, are expected to keep falling in the first half of 2023, putting more pressure on an industry that has already cut investments and jobs. Average prices for the two main types of memory chips used in everyday electronics—from …
The Wall Street Journal.18 hours agoIMF Upgrades Outlook for Global EconomyThe Wall Street Journal. - Yuka HayashiWASHINGTON—Resilient demand, easing inflation and China’s reopening should allow the global economy to grow a bit faster than previously expected, the International Monetary Fund said. In its latest World Economic Outlook, released Monday Washington time, the IMF sees the global economy growing 2.9% …
The Wall Street Journal.1 day agoThe U.S. Consumer Is Starting to Freak OutThe Wall Street Journal. - Harriet Torry, Joe PinskerThe engine of the U.S. economy—consumer spending—is starting to sputter. Retail purchases have fallen in three of the past four months. Spending on services, including rent, haircuts and the bulk of bills, was flat in December, after adjusting for inflation, the worst monthly reading in nearly a …
