(Bloomberg) -- Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing...
-- Jerome Powell ’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates.The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of further progress on bringing inflation down, and to enduring strength in the labor market.
Click here for what happened last week and below is our wrap of what’s coming up in the global economy.China sheds light on prospects for building on first-quarter economic expansion with the release Tuesday of official purchasing manager index data. The report will indicate if manufacturing activity expanded for a second month in April.
And South Korea’s consumer inflation data Thursday are forecast to show price growth slowing a touch while staying above the Bank of Korea’s target, giving the central bank added incentive to postpone any policy pivot.In the euro zone, data may show that the slowdown in inflation stalled in April for the first time this year. Consumer prices probably rose 2.4% from a year earlier, matching the outcome for March, amid rising energy costs.
Overall, the reports might chime with European Central Bank President Christine Lagarde’s observation this month that the economy is weak and faces “bumps on the road” for the path of inflation. The Czech central bank is set to reveal its latest decision on Thursday, with policymakers expected to cut borrowing costs by 50 basis points.
Chile releases a slew of March indicators, including retail sales, unemployment, industrial production, manufacturing, copper output and GDP-proxy figures. Stronger-than-expected growth and a pick-up in inflation prompted the central bank to slow the pace of easing earlier this month. "It would be nice to be with her, but I’m at a courthouse for a rigged trial," the former president said of Melania Trump.Right-wing media ruptures over Marjorie Taylor Greene’s threat to oust Mike Johnson
Fact Check: Video Supposedly Shows Biden Trying to Shake Hands with a 'Ghost' on Stage. Here's the TruthFormer White House attorney Jim Schultz reacts to former President Donald Trump’s remarks comparing campus protests about the Israel-Hamas war to the deadly Charlottesville neo-Nazi rally.
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