That’s why some economists are pleading with the Fed to ease up its inflation fight—before high interest rates, which it’s used to tame surging prices, grind the US economy into a recession. “It’s ...

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The Market News Today: China’s Deflation Stirs Concerns for US Economic Outlook

China’s deflation risk raises alarm for US economy, as weak demand in world’s second-largest economy may impact global trade and inflation.

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Fed’s Powell says US economy no longer overheated, signals openness to rate cuts

The US is “no longer an overheated economy” with a job market that has cooled from its pandemic-era extremes and in many ways is back where it was before the health crisis, Fed Chair Jerome Powell ...

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China’s consumer price growth weakens ahead of Communist party economic meeting

Consumer prices in the world’s second-largest economy were in particular affected by falling costs of food. Fresh vegetable prices dropped 7.3 per cent on year during June, while prices of fruit fell ...

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US economy no longer overheated, Fed's Powell tells Congress

The U.S. is "no longer an overheated economy" with a job market that has cooled from its pandemic-era extremes and in many ways is back where it was before the health crisis, Fed Chair Jerome Powell ...

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