ECB's Lagarde 'really confident' inflation under control

GOBankingRates
I’m an Economist: Here Are My Predictions for the Job Market If Biden Wins Again
By all accounts, the 2024 presidential election will have major implications. If President Joe Biden wins again, it will have a big impact on jobs and the economy in the U.S. Biden and his team will...
Bloomberg
Macklem: BOC Can Beat Inflation Without Unemployment Spike
(Bloomberg) -- Bank of Canada Governor Tiff Macklem said the country’s economy is headed for a soft landing, suggesting the central bank expects the unemployment rate to rise but that a large increase isn’t needed to achieve the inflation target.Most Read from BloombergBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportHow Long Can High Rates Last? Bond Markets S
The Canadian Press
Economists say BoC could cut interest rates again in July if inflation keeps cooling
OTTAWA — Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four years.
Reuters
C$ climbs to 3-week high as BoC eyes soft landing
The Canadian dollar strengthened to a near three-week high against its U.S. counterpart on Monday as investors took stock of recent broad-based gains for the greenback and the Bank of Canada said the economy could grow as inflation cools. "We are seeing a little bit of position squaring," said Michael Goshko, senior market analyst at Convera Canada. The U.S. dollar pulled back from a seven-week against a basket of major currencies, while the price of oil, one of Canada's major exports, settled 1.1% higher at $81.63 a barrel.
Canadian Press Videos
Newsroom Ready: Freeland says Canada is looking at surtax on Chinese EVs
Finance Minister Chrystia Freeland says Canada is investigating whether to impose a surtax on imports of Chinese-made electric vehicles. She says a 30-day consultation on the issue will begin July 2 to counter what she says is a clear effort by Chinese companies to generate a global oversupply of EVs. (June 24, 2024)
Bloomberg
China’s Fiscal Income Drops at Quickest Pace in More Than a Year
(Bloomberg) -- China’s fiscal revenue shrank at the fastest pace in more than a year, fueling expectations that the government could make another rare mid-year budget revision to aid an economic recovery.Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverNvidia Sales Grow So Fast That Wall Street Can’t Keep UpJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018S&P 500 Rebounds as All Megacaps But Nvidia Rise: Markets WrapChina Floats Perks for German C
GOBankingRates
I’m an Economist: Here Are My Predictions for the Job Market If Trump Wins the Election
The 2024 election is heating up and if former President Donald Trump manages to retake the White House, it's bound to shake things up big time for American workers and the larger economy. What kind of...
The Canadian Press
Argentina's Milei meets German officials in controversial lap around Europe
MEXICO CITY (AP) — Argentina's self-described anarcho-capitalist President Javier Milei met with German officials on Sunday in Berlin, part of his ongoing lap of Europe which has been greeted with both celebration and outrage.
Reuters Videos
Hyundai's union in South Korea votes to strike
STORY: Hyundai's unionized workers in South Korea voted for possible strike action on Monday (June 24).The move comes after talks with the automaker stalled.The discussions were focused on wage rises and an extension of the retirement age.A union offical told Reuters they were willing to negotiate with the management if they changed their stance.The union is one of the biggest in the country with more than 43,000 members.It said almost 90% of its members had approved strike action unless Hyundai accepted its demands.If it goes ahead, it would mark the first such action in six years related to wage negotiations at the carmaker.It could disrupt production of some popular vehicles at home, which Hyundai has been exporting to offset its slow domestic sales.The union wants a minimum basic monthly pay increase of just over $114.And performance pay equating to 30% of Hyundai's net profit for last year.It has also demanded an increase to the retirement age to 64 from 60.South Korea's rising life expectancy and inadequate retirement pension payments have led to demands to be able to work for longer.A Hyundai representative was not immediately available for comment.
Reuters
BOJ debated need for timely rate hike, signals chance of July action
TOKYO (Reuters) -The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase "without too much delay" to address risks of inflation overshooting expectations, a meeting summary showed on Monday. The discussion highlights the board's growing awareness over heightening inflationary pressure in the world's fourth-largest economy, which could prod the BOJ to debate raising interest rates as early as its next policy meeting on July 30-31. The yen's recent declines have heightened the possibility of an upward revision to the BOJ's inflation forecasts, which means the appropriate level of its policy rate could move higher, one member was quoted as saying at the June 13-14 policy meeting.
Bloomberg
Next Indonesia Leader Signals Restraint With Spending Deal
(Bloomberg) -- Indonesia President-elect Prabowo Subianto has agreed with the outgoing administration to allocate 71 trillion rupiah ($4.3 billion) for his free meal program for school children, a move that won’t blow the budget deficit cap and seeks to allay market concerns of expansionary spending. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018Nvidia Sales Grow So Fast That Wall Street Can’t Ke
Reuters
In the Market: French bond vigilantes have lessons for the US
(Reuters) -Bond vigilantes' violent reaction to spendthrift French politicians is an important reminder for the United States: the market will likely determine the tipping point for debt sustainability, and it will be hard to predict it. Over the past few months, financial executives and investors have increasingly been in my ear about growing U.S. fiscal deficits.
The Independent
Where do all the parties stand on tax cuts and spending – and are their manifestos fully costed?
Everything you need to know about the tax cuts proposed in the 2024 manifestos – and how they’re costed
The Canadian Press
Costly election pledges in France stoke fears of splurges that risk pushing country deeper into debt
PARIS (AP) — The promises are appealing -– and expensive.
Reuters
Bank of Canada: economy can add jobs and growth even as inflation slows
There is enough slack in the Canadian labor market to allow for growth and the creation of more jobs even as the inflation rate continues to decline, Bank of Canada Governor Tiff Macklem said on Monday. Earlier this month the central bank trimmed its key policy rate for the first time in more than four years and said more cuts were likely if inflation continued to show it was on a sustainable path back down to the 2% target. Macklem told the Winnipeg Chamber of Commerce that some people, in particular younger workers and newcomers, were finding it harder to obtain employment.
USA TODAY
Katy Perry wears barely-there cutout dress for Vogue World: Paris
Katy Perry hit the catwalk in a cutout Noir Kei Ninomiya dress during Vogue World: Paris over the weekend.
CBC
Brantford-area social worker who counsels 1st responders is accused of sexual abuse by regulatory body
Warning: This story contains details of an alleged sexual encounter.A Brantford, Ont-area social worker whose clients include first responders dealing with trauma faces allegations of professional misconduct and sexual abuse after an investigation by the professional college.Laura Dowler is accused of alleged incidents over a four-year period, the Ontario College of Social Workers and Social Service Workers (OCSWSSW) says in a report following its months-long investigation.The college alleges Do
People
Utah Couple with 6 Children Found Dead by Relative in Apparent Murder-Suicide: 'Many Are Devastated'
Police believe Olin Johnson, 57, fatally shot wife Kerilyn Johnson, 52, before turning the gun on himself
HuffPost
Ex-Aide Predicts Future Of Donald And Melania Trump's Relationship
Stephanie Winston Wolkoff weighed in on the former first lady's absence from the campaign trail.
People
Taylor Swift Shocks Fans by Bringing Travis Kelce Onstage at 3rd Wembley Show: Watch Him Carry Her!
The NFL star wore a top hat and tux during the surprise appearance on Sunday, June 23

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ECB's Lagarde 'really confident' inflation under control

Latest Stories

I’m an Economist: Here Are My Predictions for the Job Market If Biden Wins Again

Macklem: BOC Can Beat Inflation Without Unemployment Spike

Economists say BoC could cut interest rates again in July if inflation keeps cooling

C$ climbs to 3-week high as BoC eyes soft landing

Newsroom Ready: Freeland says Canada is looking at surtax on Chinese EVs

China’s Fiscal Income Drops at Quickest Pace in More Than a Year

I’m an Economist: Here Are My Predictions for the Job Market If Trump Wins the Election

Argentina's Milei meets German officials in controversial lap around Europe

Hyundai's union in South Korea votes to strike

BOJ debated need for timely rate hike, signals chance of July action

Next Indonesia Leader Signals Restraint With Spending Deal

In the Market: French bond vigilantes have lessons for the US

Where do all the parties stand on tax cuts and spending – and are their manifestos fully costed?

Costly election pledges in France stoke fears of splurges that risk pushing country deeper into debt

Bank of Canada: economy can add jobs and growth even as inflation slows

Katy Perry wears barely-there cutout dress for Vogue World: Paris

Brantford-area social worker who counsels 1st responders is accused of sexual abuse by regulatory body

Utah Couple with 6 Children Found Dead by Relative in Apparent Murder-Suicide: 'Many Are Devastated'

Ex-Aide Predicts Future Of Donald And Melania Trump's Relationship

Taylor Swift Shocks Fans by Bringing Travis Kelce Onstage at 3rd Wembley Show: Watch Him Carry Her!