ECONOMICS

Sign Up to Get 1ETH

The Real Story Behind The Fed’s “Soft Landing” Narrative | ZeroHedge

Authored by Ryan McMaken via The Mises Institute,

The Federal Reserve’s Federal Open Market Committee (FOMC) left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent last week. The target rate has now been flat at 5.5 percent since July of 2023—as the Fed waits and hopes that everything will turn out fine. In his prepared remarks at Wednesday’s FOMC press conference, Powell continued with the soothing message he has generally employed at these press (more…)

Continue ReadingThe Real Story Behind The Fed’s “Soft Landing” Narrative | ZeroHedge

5 Out Of 12 Fed Districts Show Flat Or Declining Economic Growth | ZeroHedge

Authored by Mike Shedlock via MishTalk.com,

Let's tune into the Fed’s Beige Book summary of economic activity in the twelve Federal reserve districts.

Summary below from The Beige Book Summary of Commentary on Current Economic Conditions.

Beige Book Overall Activity Key Points

  • Seven Districts reported some level of increase in activity, five noted flat or declining a (more…)

Continue Reading5 Out Of 12 Fed Districts Show Flat Or Declining Economic Growth | ZeroHedge
Read more about the article Chinese Competitors Are Closing In On Amazon | ZeroHedge

Chinese Competitors Are Closing In On Amazon | ZeroHedge

The e-commerce leader in Europe is Amazon – but Chinese ventures into international e-commerce, for example AliExpress or more recently Temu, have made inroads. 

The following infographic, via Statista's Anna Fleck, looks specifically at the example of the Chinese company Pinduoduo, drawing from ecommmerceDB figures.

You will find more infographics at Statista

According to this data, Pinduoduo will only be 13 percent behind Amazon in terms of gross (more…)

Continue ReadingChinese Competitors Are Closing In On Amazon | ZeroHedge