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Charting the Global Economy: US Jobs Signal Another Big Fed Hike

Comment on this storyCommentSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Sustained US job growth and an unemployment rate near a 50-year low bolstered bets that the Federal Reserve will…

Canada is adding jobs and growing its economy — yet doom and gloom overshadow the

Canada's unemployment rate has never been this low. Employers are adding jobs and hiring what few workers haven't already been gobbled up. GDP growth in Canada is also better than any other G7 country.Yet the economic narrative in this…

Switzerland surprised markets with a rate hike. But Japan could cause a much more violent

Japan's national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan.Tomohiro Ohsumi | Getty ImagesJapan's central bank is nearing an inflection point.It comes as policymakers around the world scramble to…

Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over

The recent tech rally may be doomed.Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it's a concept investors fail to grasp, particularly when it comes to growth, technology and…

Raising interest rates is the wrong solution to the inflation problem, analyst says

Raising interest rates to tame demand — and therefore inflation — is not the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said. Global manufacturers and suppliers have been unable to produce…

Meta hints at “self-selection” as layoffs ramp up

Executives are calling out the bloat inside their companies, and challenging workers to evaluate themselves.Why it matters: Workers have enjoyed almost two years of flexibility and having the upper hand. But they may find the tables are…

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015.Lucas Jackson | ReutersFederal Reserve Bank of Cleveland President Loretta Mester said…

G-7’s infrastructure plan offers an alternative to China’s Belt and Road Initiative in a

The Group of 7 has announced a new infrastructure funding program that could rival China's Belt and Road Initiative. One expert says the G-7's plan offers hope to developing countries but it remains to be seen whether it can match the…

Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides

Much of the U.S. market focus has been on the Federal Reserve's more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and…