19: At 40:38, the Federal Reserve's Bostick said that we will not experience an economic recession and inflation will return to 2%; Inflation is still slightly above the target of 2% and must be controlled; And it is believed that the Federal Reserve will not cut interest rates before the middle of next year.

The United States has released non farm employment data for September. The result surprised global investors: in September, the number of new non farm employment in the United States reached 336000, significantly exceeding market expectations of 170000, almost twice the expected value! This is the highest growth rate since January this year and the second time this year that it has exceeded the 300000 mark. Such astonishing data caught the global market off guard ... 阅读全文

In the past few years, trade frictions between the two major economic giants of China and the United States have been a concern. Although trade wars are named after "protection" and "competition", their consequences are far more profound than the original intentions of the two governments. Three years have passed, and the United States did not achieve the expected victory in this trade war. On the contrary, as commodity orders flow to other countries, the United ... 阅读全文

According to the Australian Broadcasting Corporation's website on October 16th, the financial market has been in turmoil for most of this year, and volatility has increased in recent weeks. Affected by geopolitical forces in Russia, the Middle East, and other regions, the direct consequences of regional conflicts have brought short-term shocks through commodity markets. In the long run, they have overturned trade patterns, ended the nearly 30 year era of global t ... 阅读全文

On October 20th, Bank of Japan Governor Kazuo Shibata stated that the Bank of Japan will "patiently" maintain ultra loose monetary policy and respond "flexibly" to economic, price, and financial development. He warned that there is a high level of uncertainty in the future. He also stated that the Japanese economy is recovering moderately, and the impact of supply restrictions is gradually fading, offsetting the impact of global demand slowdown on exports. He sta ... 阅读全文

Federal Reserve Chairman Powell reiterated that he will be "cautious" when considering the path of interest rate policy, while stating that inflation is still too high and may take longer for the economy to slow down and employment to weaken in order to achieve the target level of inflation. Powell's statement is not clear enough. Is the door open for interest rate hikes? A former central bank official said that the Bank of Japan may end negative interest rates b ... 阅读全文

Official data released on Friday showed that Japan's core consumer price index rose 2.8% year-on-year in September, a decrease from the 3.1% increase in August, but higher than the market forecast median of 2.7%. This is the first time Japan's core inflation rate has dropped below 3% since August 2022, but it is still higher than the Bank of Japan's 2% target for the 18th consecutive month.

According to data released by the Japanese Ministry of General Affairs on the 20th, Japan's core consumer price index (CPI) after removing fresh food in September was 105.7, a year-on-year increase of 2.8%, marking the 25th consecutive month of increase. This is the first time since September 2022 that the year-on-year growth rate of core CPI has dropped below 3%. The report shows that rising food prices are still the main factor driving up CPI. Food prices incre ... 阅读全文

According to Kyodo News Agency, Japan's Ministry of General Affairs announced on the 20th that the national consumer price index for September (2020: 100, excluding fresh food) was 105.7, an increase of 2.8% from the same period last year and a continuous 25 month year-on-year increase. (Zhongxin Jingwei APP)

Editor's note This article is the 42nd article of the "European Observation Room" column jointly launched by the Shanghai European Society and the "Diplomatic Scholars" of The Paper. cn. On the tenth anniversary of the "the Belt and Road" initiative, China and Serbia signed a free trade agreement. Since the "the Belt and Road" initiative was put forward, Chinese enterprises have made important contributions to the economic development of Serbia. Chinese enterpris ... 阅读全文

14: 01:44 Germany's September PPI decreased by 14.7% year-on-year, with an expected decrease of 14.1%.

On the 19th, Federal Reserve Chairman Powell hinted in a speech at the New York Economic Club that the Federal Reserve may continue to suspend interest rate hikes at its next monetary policy meeting. Powell said that the significance of interest rate increase is to affect the financial situation, and the recent rise in the yield of long-term U.S. treasury bond bonds is leading to a tightening of the financial situation, so it is necessary to observe the next deve ... 阅读全文

21st Century Economic Report reporter Zheng Qingting from Beijing reported that "the world economy is expected to grow by 3% and 2.9% respectively this year and next, and China remains the largest engine of global economic growth, contributing one-third of global growth." Steven Barnett, Chief Representative of the International Monetary Fund (IMF) in China, stated at the recent press conference of the International Monetary Fund (IMF) World Economic Outlook Repo ... 阅读全文

Dallas Federal Reserve Bank President Lorie Logan said on Thursday that the latest data and rising borrowing costs in the bond market provide policy space for the central bank to carefully consider the next steps in monetary policy actions. Logan said at a gathering of money market professionals at New York University that "we still have some time" to decide whether to raise interest rates again or maintain interest rate stability. She pointed out that the tense ... 阅读全文

According to CCTV News, on October 19th local time, Federal Reserve Chairman Powell gave a speech implying that the Federal Open Market Committee (FOMC) would once again suspend interest rate hikes at its meeting that ended on November 1st. However, Powell also cited the uncertainty and risks of monetary policy, including the recent rise in geopolitical risks.

The Federal Reserve has stated that it will not hesitate to support more interest rate hikes if needed; The evolution of economic and financial market conditions is as previously anticipated; The data shows that inflation is still steadily but slowly declining.

On Thursday (October 19th) local time, after Federal Reserve Chairman Powell delivered a speech, renowned journalist Nick Timiraos, known as the "New Federal Reserve News Agency," shared his latest findings in an article. Powell said at the New York Economic Club luncheon, "Considering uncertainty and risks, as well as the progress we have made, the Committee (FOMC) is acting cautiously. Data from recent months shows that the Federal Reserve is making progress in ... 阅读全文

According to the latest data released by the Italian National Bureau of Statistics, the average monthly consumption expenditure of Italian households in 2022 was 2625 euros, an increase of 8.7% from 2415 euros in 2021. However, due to high inflation (+8.7%), real growth is almost zero. In addition, in real terms, the expenditure of poor households decreased by 2.5%, while the expenditure of wealthy households increased by 1.8%. According to Italian news agency An ... 阅读全文

00:39:57 Federal Reserve Chairman Powell stated that the current risk is still high inflation; In hindsight, the Federal Reserve may be able to do even less during the pandemic.

On Thursday, Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated that bringing inflation back to the central bank's target of 2% is his top priority, while emphasizing that long-term economic expansion is particularly helpful for vulnerable groups. For inflation, it is currently the top priority, "he said." Throughout the entire economy and various population groups, inflation is the most painful force, pushing more people into unstable situa ... 阅读全文