June 27, 2022
US Durable Goods Orders Exceed Forecast in Broad Advance
Orders placed with US factories for durable goods rose more than expected in May, suggesting business investment so far remains firm even in the face of rising interest rates and mounting concerns about the economy. Bookings for durable goods — items meant to last at least three years — increased 0.7% in May after a revised 0.4% advance a month earlier, Commerce Department figures showed Monday. The figures aren’t adjusted for inflation.
Britain’s Battered Economy Is Sliding Toward a Breaking Point
Britain under Prime Minister Boris Johnson is running into the biggest headwinds it’s faced since the 1970s, heaping pain on an economy still reeling from Brexit and the pandemic.
PBOC to Keep Policy Supportive for China Economy, Governor Says
The People’s Bank of China pledged to maintain a supportive monetary policy to aid the economy’s recovery from Covid outbreaks and lockdowns and other stresses.
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