The Petersburg Post

Wednesday, Apr 17th, 2024 - US Federal Reserve chair Jerome Powell damped expectations of impending interest rate cuts on Tuesday — a sign that the Fed may have pumped so much money into the economy during the pandemic that the surplus is still making its way through the country. Speaking on a panel discussion at the Wilson Center in Washington, Powell said while inflation pressure has eased in the last year, it hasn't come down enough ...

Tuesday, Apr 16th, 2024 - China 's economy in the first quarter grew faster than expected, official data released Tuesday by  China's National Bureau of Statistics showed . Gross domestic product in the January to March period grew 5.3% compared to a year ago — faster than the 5.2% expansion in the fourth quarter of 2023 and 4.6% growth expected by economists polled by Reuters. On a quarter-on-quarter basis, China's GDP grew 1.6% ...

Tuesday, Apr 16th, 2024 - Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. Department of Housing and Urban ...