The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more
Tag: Trade/External Payments
Import prices fall for fifth month in a row to help ease U.S. inflation
The numbers: The cost of imported goods fell 0.6% in November and retreated for the fifth month in a row, helping to ease intense inflationary pressures in the U.S. Economists Read more
U.S. trade deficit in goods jumps almost 8% to $99 billion as exports sag
The numbers: The trade deficit in goods widened 7.7% in October to a five-month high of $99 billion, as a strong dollar and weakening global economy dented U.S. exports. The trade Read more
Russian oil imports holding up, IEA says as it increases oil-demand view
More than 1 million barrels a day of Russian oil exports are set to be upended by Western sanctions expected to come into force within weeks, shipments Moscow will struggle Read more
Opinion: Opinion: Global cooperation is not necessary to fight climate change
PROVIDENCE, R.I. (Project Syndicate)—This week’s United Nations Climate Change Conference (COP27) in Egypt highlights the growing consensus that multilateral cooperation is necessary to avert environmental catastrophe. But with geopolitical tensions Read more
U.S. trade deficit jumps to three-month high as strong dollar dents exports
The numbers: The nation’s trade deficit jumped almost 12% in September to a three-month high of $73.3 billion, as falling oil prices and a strong dollar dented U.S. exports. The Read more
Opinion: Supply-side challenges frustrate the Fed and other central bankers
These are tough times for central bankers. As they tighten monetary policy to combat inflation, governments in the U.S., U.K. and EU spend too much, and supply-side problems are becoming Read more
German trade surplus widened in September
Germany posted a trade surplus in September, although the country was expected to swing to a trade deficit. Germany’s trade surplus–the country’s balance of exports and imports of goods–was 3.7 Read more
Opinion: Wall Street CEOs confirm their allegiance to Beijing
China has been in the news plenty this year. First there was the controversy surrounding Beijing’s hosting of the Winter Olympics. And then the United Nations issued a report confirming China’s “crimes against humanity.” Read more
Opinion: China’s economy is rotting from the head
BOSTON (Project Syndicate)—China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth? Between 1980 and 2019, China’s average Read more