Massive bonuses at leading South Korean chipmakers are driving wage growth and consumer spending higher, raising inflation concerns for the Bank of Korea amid ongoing economic pressures.
Newly appointed Fed Chair Kevin Warsh challenges expectations by prioritizing inflation control and data-driven decisions instead of political loyalty to the president.
Inflation in May is expected to climb due to surging oil and gasoline prices, with economists watching closely for broader effects on consumer prices beyond fuel.
Rising oil and gasoline costs are expected to push Canada's inflation higher in May, though economists will watch closely for broader price increases beyond fuel.
Indian equity indices extended weekly gains driven by optimism over a US-Iran peace pact and easing crude prices, despite tech sector setbacks and monsoon concerns.
Eugenia Kuyda warns widespread job struggles linked to AI automation may trigger intense protests, challenging the belief that new technology will create enough new roles.
Riverside County’s unemployment rate declined modestly to 4.7% in May, reflecting a combination of job gains and losses across multiple sectors in the regional economy.
Oregon’s unemployment rate remained unchanged at 5.2% in May, even as payroll employment rose modestly with gains in services offset by manufacturing losses.
Russia’s central bank reduced its key interest rate by a modest margin, signaling continued caution due to inflation risks, war-related fiscal strain, and supply bottlenecks shaping the economy.
Goldman Sachs cut its year-end gold target by $500, citing expectations that US interest rates will remain elevated through 2026, weighing on precious metals and cryptocurrencies.
Kevin Warsh’s first Federal Reserve meeting marked a shift away from explicit policy signals, prompting markets to quickly price in rate hikes and pushing the dollar to new highs.
China’s manufacturing sector hit a critical threshold in May as growth stalled overall, with small and medium enterprises contracting while large firms expanded.