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RBA sees easing wage pressures, but inflation battle persists
The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts
Central bank suggested at least three more cuts by the middle of next year, projecting the cash rate at 4.9 percent in the fourth quarter of 2024
The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases
Ministry attributed GDP growth to the wholesale trade, finance and insurance, and information and communications sectors
64.9 million young people worldwide were unemployed in 2023
Goldman Sachs raised its probability of the U.S. tipping into a recession by 10 percentage points to 25 percent for the next 12 months
Energy prices fell 1.7 percent YoY, while food prices rose 1.3 percent
Government data last week showed the layoffs rate in June was the lowest in more than two years
The guidelines would promote the producer, audiovisual, copyright, and Brazilian handicrafts
Travel to Paris by travelers under the age of 35 grew 120 percent annually during the Paris Olympic Games
The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period
This was driven by strong performances in agriculture, extractives, and manufacturing
Both input costs and output charges rose at historically elevated rates in July, reflecting sluggish progress on inflation
The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand
Nonfarm payrolls increased by 114,000 jobs last month, significantly below the 215,000 jobs per month added in the last 12 months
Initial claims for state unemployment benefits increased by 14,000 to a seasonally adjusted 249,000 for the week ending July 27
The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
The eurozone's service sector inflation declined to 4 percent from 4.1 percent in June
The NBS composite PMI in China, which includes manufacturing and services, recorded 50.2 in June
The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
Germany, Eurozone's biggest economy, unexpectedly contracted 0.1 percent in Q2
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
