Japan's Kanda declines comment on Yellen currency intervention remarks

The Telegraph
The great American boom is finally running out of steam, leaving mountains of debt
The American economy is not as strong as we all thought. Growth has slowed to stall speed over the last four months. It looks like a hardish landing after all.
WSJ
Why Japan's Economy Is Stuck in the Past
Japan is a country of contradictions. It’s often seen as a land of innovation, but it also has a strong attachment to tradition. WSJ’s Peter Landers explains how that is weighing down Japan’s economy. Photo: Jiro Akiba
Fortune
JPMorgan’s Jamie Dimon is bracing for stagflation, but the economy could be headed for a 1950s-style boom instead
“If these similarities do hold, there could be a lot of scope for optimism,” Deutsche Bank’s Henry Allen wrote.
Reuters
Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
The U.S. Federal Reserve will cut its key interest rate in September and once more this year, according to a majority of forecasters in a Reuters poll that also showed a significant risk they opt for only one or none at all. But over the past few months, Fed officials have made clear they are in no hurry to cut the policy rate. Still, nearly two-thirds of economists, 74 of 116, in the May 31-June 5 Reuters poll predicted the first cut in the fed funds rate to a 5.00%-5.25% range would come in September.
CNN Business
YOLO is dying. That could be bad news for the economy
Five years after the onset of the pandemic, the free-spending cabaret is coming to an end.
AFP News
Stock markets rise on US jobs data, looming eurozone rate cut
US and European stock markets climbed Wednesday on the eve of an expected European Central Bank interest-rate cut, and as US jobs data fuelled hopes the Federal Reserve will follow suit in the coming months.Employers added 152,000 jobs last month, down from a revised 188,000 figure in April and less than analysts anticipated, due to a steep decline in manufacturing, according to payroll firm ADP. Investors have been concerned that the US central bank will keep interest rates higher for longer, b
GOBankingRates
Ramit Sethi: Here’s Why Americans’ Complaints About Soaring Grocery Bills Are ‘Very Inaccurate’
It's a common complaint that groceries are costing way more than ever before - and there is some truth to this. Over the past year, the cost of groceries has increased by 1.1%, according to the latest...
Reuters
BOJ must be vigilant to yen's impact on economy, says deputy governor Himino
Bank of Japan Deputy Governor Ryozo Himino said the central bank must be "very vigilant" to the impact the yen's moves could have on the economy, suggesting the currency's weakness will be among factors affecting the timing of its next interest rate hike. However, he said it was inappropriate for central banks to directly target exchange rates in setting monetary policy, as other factors needed to be considered as well. "That's why we obviously need to be very vigilant to, and analyse very closely, the impact of exchange-rate volatility on the economy, prices and their outlook," he said in a panel session hosted by Columbia University in Tokyo.
Yahoo Finance
Gas prices see biggest weekly drop of 2024, but a spike may come later this summer
Gasoline prices fell $0.06 per gallon over the last week, representing the biggest weekly drop of 2024.
Reuters
Australia economy slows to a crawl in Q1, grows 0.1% q/q
Australia's economy slowed to a crawl in the March quarter as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even as the prospect of relief on interest rates remains a distant one. Data from the Australian Bureau of Statistics on Wednesday showed real gross domestic product (GDP) rose 0.1% in the first quarter, just under market forecasts of 0.2%. Most of that was on essential items such as electricity and healthcare, with discretionary spending almost flat for the year.
Barrons.com
ECB Poised to Beat Fed to Rate-Cut Punch. Why the Timing Is Awkward.
The expected move comes after inflation ticked up in May and growth in the 20-nation euro area is improving.
Yahoo Finance
Wall Street is having trouble getting 'too excited' about the US economy
Recent data hasn't been supporting the case for the US economy to once again surprise Wall Street to the upside in 2024.
CNN Business
The American shopping spree is losing steam
It’s becoming tougher and tougher for Americans to carry on with their spending spree.
The Telegraph
German rise in unemployment three times worse than expected
German unemployment has risen by more than expected in a blow to hopes that it is recovering from a downturn.
Reuters
Stocks, commodities slip as soft US data signals cooling economy
NEW YORK/LONDON (Reuters) -World stocks and commodities slid on Tuesday as investors turned uneasy about evidence that the U.S. economy's "exceptionalism" may be starting to unwind, after data showed surprising weakness in business activity. The risk that the U.S. economy might be softening more than expected was brought to the fore again after Tuesday's data showed job openings fell more than forecast in April to the lowest in more than three years. That helped to reinforce some investor speculation that the Federal Reserve could be on track to lower interest rates this year as a cooling economy tempers inflation pressures.
Associated Press
Stock market today: More gains for tech send S&P 500 and Nasdaq composite toward all-time highs
The S&P 500 and Nasdaq composite indexes are rising toward all-time highs on Wednesday as technology stocks keep climbing. The S&P 500 was 0.8% higher in afternoon trading and on track to surpass its record set two weeks ago. The Nasdaq composite was 1.5% higher, as of 12:57 p.m. Eastern time, and on also on track to set an all-time high.
People
Khloé Kardashian Gushes Over Kendall Jenner Posing in a Nipple-Baring Dress on a Yacht: ‘Best Nips in Town’
Kendall's sexy look just garnered some hilarious feedback from her older sister
Fortune
Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during glitch will have their deals canceled by the NYSE
In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share.
The Independent
Trump suffers another surprise primary blow as MAGA candidate defeated in New Jersey
Real estate developer Curtis Bashaw is predicted to secure the nomination
INSIDER
The best and worst airports to have a layover, according to a travel expert who flies 200,000 miles a year
Travel expert Gilbert Ott revealed which airports make for the best and worst layovers, stressing the benefits of connecting through airline hubs.

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Japan's Kanda declines comment on Yellen currency intervention remarks

Latest stories

The great American boom is finally running out of steam, leaving mountains of debt

Why Japan's Economy Is Stuck in the Past

JPMorgan’s Jamie Dimon is bracing for stagflation, but the economy could be headed for a 1950s-style boom instead

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll

YOLO is dying. That could be bad news for the economy

Stock markets rise on US jobs data, looming eurozone rate cut

Ramit Sethi: Here’s Why Americans’ Complaints About Soaring Grocery Bills Are ‘Very Inaccurate’

BOJ must be vigilant to yen's impact on economy, says deputy governor Himino

Gas prices see biggest weekly drop of 2024, but a spike may come later this summer

Australia economy slows to a crawl in Q1, grows 0.1% q/q

ECB Poised to Beat Fed to Rate-Cut Punch. Why the Timing Is Awkward.

Wall Street is having trouble getting 'too excited' about the US economy

The American shopping spree is losing steam

German rise in unemployment three times worse than expected

Stocks, commodities slip as soft US data signals cooling economy

Stock market today: More gains for tech send S&P 500 and Nasdaq composite toward all-time highs

Khloé Kardashian Gushes Over Kendall Jenner Posing in a Nipple-Baring Dress on a Yacht: ‘Best Nips in Town’

Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during glitch will have their deals canceled by the NYSE

Trump suffers another surprise primary blow as MAGA candidate defeated in New Jersey

The best and worst airports to have a layover, according to a travel expert who flies 200,000 miles a year