Why Investors eye looking more policy easing? By Kevin Yao and Gabriel Crossley BEIJING (Reuters) – China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery. Gross domestic… Continue reading China’s economic 2021 recovery loses some steam.
WASHINGTON (Reuters) The U.S. job market “is still a ways off” from the progress the Federal Reserve wants to see before reducing its support for the economy, while current high inflation will ease “in coming months,” Fed Chair Jerome Powell said in remarks prepared for delivery at a congressional hearing on Wednesday. “Inflation has increased… Continue reading Fed’s Powell says economy ‘a ways off’ from bond taper, inflation to ease