United States:
Then and Now: How This Fed Liftoff Is Nothing Like That of 2015
“The Federal Reserve is set for its most aggressive liftoff period in decades — and one that’s far different from the last one that began in 2015. Chair Jerome Powell last week pointed to an economy in “a different situation” from the last interest-rate hiking cycle, highlighting a tighter labor market, the fastest inflation since the 1980s and stronger economic growth.”
Europe:
Euro Area Scrapes By Second Winter of Pandemic With Mild Growth
“The euro-area economy grew modestly in the fourth quarter amid another wave of surging coronavirus infections and curbs on activity. Gross domestic product rose 0.3%, slightly less than predicted, after a sharp contraction in output left Germany on the brink of recession. Meanwhile, a ramp-up in investment contributed to stronger-than-expected growth in France and Spain. Italy reported an expansion of 0.6% on Monday.”
Asia:
China Home Sales Slump Deepened in January in Blow to Economy
“China’s property sales slump persisted in January with top developers seeing a steeper decline in transactions, signaling the sector may remain a drag on the economy. The 100 biggest companies in China’s debt-ridden property industry suffered a 39.6% drop in sales from a year earlier, compared with a 35.2% decline in December, according to preliminary data by China Real Estate Information Corp.”
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