Fed Slashes Interest Rates by 0.5% in First Cut Since 2020
The U.S. Federal Reserve surprises with a 0.5% rate cut—the first since 2020—to combat cooling inflation and bolster a weakening labor market.
Inflation
Read More
China’s Prices Rise Due to Extreme Weather, Factory Costs Drop
China’s consumer prices are heating up due to extreme weather, while factory costs decline amid weak demand and falling commodity prices. Find out how these shifts are impacting the economy!
Former Central Bankers Dish on Global Money Moves at Shanghai Summit 🌏💰
At the 2024 Bund Summit in Shanghai, former central bank leaders from the U.S., Europe, and Japan shared insights on shifting monetary policies amid uncertain economic times.
Navigating a Changing World: ECB’s Trichet Speaks at Bund Summit 🌐
At the Bund Summit, former ECB president Jean-Claude Trichet discussed with CGTN’s Michael Wang how the ECB tackled high inflation and the challenges ahead in balancing inflation and growth.
Fed Chair Powell’s Jackson Hole Speech Sparks Rate Cut Hopes 📉
U.S. Fed Chair Jerome Powell delivers a key speech at the Jackson Hole Symposium. With inflation nearing the 2% target, many expect a potential rate cut in September—the first in four years.
U.S. Inflation Drops to Lowest Since 2021: What It Means for You! 💰
U.S. consumer inflation has eased to 2.9% in July—the smallest annual rise since March 2021! Here’s what it means for the economy and your wallet. 💰
China’s Inflation Sees a Boost: CPI Climbs 0.5% in July 🔥
China’s CPI rises by 0.5% in July year-on-year! Get the scoop on what this means for shoppers and the global economy. 📈🛍️
US Fed Holds Rates Steady but Hints at Possible Cuts Soon 🙌
The US Federal Reserve holds interest rates steady but hints at possible cuts as soon as September. Find out what this could mean for you and the global economy.
China’s June Price Trends: Food Dips, Pork Soars, Services Rebound! 🚀
China’s June CPI rose by 0.2%, with food prices down but pork prices soaring by 18.1%! Non-food prices are up, showing strong recovery in services. Get the inside scoop on these trends!
China’s June Inflation Sees Tiny Uptick 📈—What Does It Mean?
China’s June CPI nudges up 0.2% 📈. Prices dipped monthly—what’s up with that? Dive into the details with us!