Charting the Global Economy: Stubborn Inflation Giving Fed Pause

-- Fresh US data showing persistent inflation so far this year and limited signs of a weakening job market underscore a Federal Reserve in no rush to start lowering interest rates.A $2 Billion Airport Will Test Modi’s Mission, Adani’s AmbitionsIndustrial production figures illustrated a euro area economy that’s merely limping along. In Japan, speculation intensified for the first rate hike in more than a decade after the country’s largest labor union secured big wage deals.

The Biden administration is offering a $2.26 billion loan to help Lithium Americas Corp. develop a Nevada lithium deposit that’s the country’s largest. Demand for lithium, which also is used for grid storage and weapons, is projected to exceed current production by 2030. About 65% of the critical mineral is processed in China.Euro-area industrial production slumped at the start of the year, raising the prospect that the economy as a whole is struggling to grow in the first quarter.

South Korea’s direct investment flows into China last year fell by the most in data going back more than three decades in a sign of weakening economic ties between the two countries. The re-orientation of South Korea’s investment away from China comes amid a change in the breakdown of its export markets. China is close to being overtaken by the US as the biggest destination for South Korean exports.

--With assistance from Philip Aldrick, Andrew Atkinson, Jan Bratanic, Andreo Calonzo, Sam Kim, James Mayger, Ari Natter, Yoshiaki Nohara, Anup Roy, Augusta Saraiva, Zoe Schneeweiss, Manolo Serapio Jr., Manuela Tobias, Sylvia Westall, Josh Xiao and Erica Yokoyama.Gold-Medalist Coders Build an AI That Can Do Their Job for ThemMichael Whatley rhetorically asked Friday, “Were you better off four years ago than you are today? The answer for this entire country is no.

WASHINGTON — For Republicans eager to regain the Senate majority this year, Ohio offers a prime opportunity to pick up a critical seat. But ahead of Tuesday's primary election, there's mounting anxiety inside the GOP that Bernie Moreno may emerge with the nomination.

Source: News Formal (newsformal.com)

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