US Consumer Inflation Hits Lowest Annual Rise Since 2021
US consumer inflation eased to 2.9% in July, the smallest annual rise since March 2021, signaling positive progress for the Federal Reserve.
Economy
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U.S. Experts and Trade Groups Voice Concerns Over New Tariffs on China
U.S. economists and trade groups express concern that new tariffs on China could harm American businesses and consumers, potentially escalating geopolitical tensions and hindering economic growth.
Long COVID-19: 400 Million Affected and $1 Trillion Economic Toll Globally
New research shows long COVID-19 has affected 400 million globally, costing $1 trillion each year, and highlights urgent policy and treatment needs.
Paris Olympics’ €11B Price Tag: Boost or Burden for France?
Explore the economic implications of hosting the Paris Olympics, costing over €11 billion, and its impact on both France and China’s sports development.
Chinese Mainland Sees CPI Rise of 0.5% in July Amid Seasonal Shifts
Chinese mainland’s consumer price index rose by 0.5% year-on-year in July, driven by seasonal factors, rebounding from June’s decline. Producer price index remains unchanged.
Capital Reallocation to Chinese Markets Seen as Predictable, Says Economist
An economist explains the predictable shift of capital toward Chinese markets amid Asia-Pacific stock rebounds and yen volatility.
China Boosts Basic Medical Insurance with New Participation Incentives
China introduces new incentives to boost long-term participation in its basic medical insurance program, aiming to enhance healthcare stability and resource management.
Fed Holds Interest Rates Steady, Signals Possible Cuts to Combat Inflation
The U.S. Federal Reserve maintains current interest rates but hints at possible cuts by September to tackle ongoing inflation.
U.S. Debt Soars Over $35 Trillion: Nobel Laureate Sounds Alarm
Nobel laureate Michael Spence warns that the U.S. national debt, now over $35 trillion, could lead to catastrophic consequences.
U.S. National Debt Surpasses $35 Trillion Milestone
The United States’ national debt has exceeded $35 trillion for the first time, highlighting growing economic challenges and calls for fiscal responsibility.