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For those wondering why the euro has remained stubbornly strong in the face of repeated verbal intervention from top European Central Bank officials, look no further than the latest current account numbers. The euro zone’s current-account surplus, a broad measure of its international financial position, stood at 21.9 billion euros ($30.2 billion) in February, down [...]
Larger-than-expected gains in production mean the U.S. industrial sector is operating at its highest rate since 2008.
The Federal Reserve will likely not begin raising interest rates until the second half of 2015 as it waits for confirmation that its forecasts for stronger U.S. economic growth bear out, says one Fed president.
Two consequences of the lackluster recovery may persist for years to come.
The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, April 16 Sign up for the newsletter: http://on.wsj.com/grandcentralsignup. When Janet Yellen takes the podium at the Economic Club of New York Wednesday, a...Show More Summary
It’s that time of year again when speculation mounts over what promising young U.S. economist will run off with the American Economic Association’s John Bates Clark medal.
Though China’s economy grew in the first quarter its slowest pace in 18 months, two proxies—production of steel and electricity—point to some resilience.
Though Bank of Japan Gov. Haruhiko Kuroda has crushed expectations for any imminent additional easing moves, some of the biggest supporters of aggressive action by the bank say there are plenty more moves to make.
For years, the fast-growing Asian tigers have been held out as the model for economic development. Now, as inequality becomes a greater focus for policy makers, Asian countries facing a widening wealth gap are being urged to look atShow More Summary
A slight easing in New Zealand’s inflation in the first quarter of the year probably won’t keep the central bank from raising interest rates when it meets next week -- but it may mean rates don’t need to rise as far or as fast as economists were expecting.
China’s GDP growth fell in the first quarter to its slowest pace since September of 2012, slipping to 7.4% on-year growth from 7.7% the in the fourth quarter. The increase was slightly higher than economists’ expectations of a 7.3% gain. Authorities released other data that suggested continuing weakness, but not at a quickening pace. Show More Summary
Less than a week since Reserve Bank of India Governor Raghuram Rajan criticized U.S. monetary policy in a visit to Washington D.C., former U.S. Federal Reserve chairman Ben Bernanke, landed in Mumbai with a rebuttal.
Analysts say rampant smuggling is created a distorted picture of Philippine trade, and that a proper accounting might show the country’s current account is actually in deficit – at a time when investors have been punishing developing economies that are too dependent on foreign funding.
The Federal Reserve should pledge to keep short-term interest rates near zero until the U.S. economy is within a year of achieving both full employment and 2% inflation, Federal Reserve Bank of Boston President Eric Rosengren said Tuesday.
Two papers question the efficiency of the U.S. banking system despite technological advances.
Shoppers may soon need more green in their wallets to afford their next salad.
The cost of tax preparation is rising faster than overall consumer prices.
At the end of your tax forms, you may have noticed a little box where you can donate extra money to help pay down the national debt. Are big-hearted and deep-pocketed Americans helping to narrow deficits and reduce the federal debt with the donation box? No, they're not.
The Wall Street Journal’s Daily Report on Global Central Banks for Tuesday, April 15 Sign up for the newsletter: http://on.wsj.com/grandcentralsignup. Despite growing angst among central bankers about low inflation, the Federal Reserve’s narrative about growth and employment seems to be holding up. Show More Summary
China's banks made more new loans in March than the previous month. But economists pointed out the stock of outstanding bank loans grew at its slowest pace compared to a year earlier since 2005, signaling Beijing continues to keep aShow More Summary