Mixed PPI, Strong Retail Sales Point to No-Landing Economy
Wholesale inflation stayed tame while retail sales beat estimates, reinforcing expectations the Fed holds rates in late January.
Fresh coverage on the economy, markets, and the forces moving money.
Wholesale inflation stayed tame while retail sales beat estimates, reinforcing expectations the Fed holds rates in late January.
China's export growth to emerging markets offsets declining US demand, highlighting its trade resilience.
China’s foreign exchange reserves grew slowly, reflecting shifting capital flows and reduced US dollar inflows.
China’s growing exports deepen global supply chain reliance, challenging US efforts to diversify manufacturing.
ONS data showed November GDP up 0.3% after October’s drop, partly reversing one-off weakness from a Jaguar Land Rover cyberattack.
US-bound shipments fell sharply, but rising exports to EU and ASEAN kept China’s 2025 surplus at $1.18T.
As scrutiny rises ahead of a Fed leadership transition, Kashkari argues independence is vital to monetary policy credibility.