The Guardian (August 21)
“A spate of recent statistics shows that the Chinese economy is faring poorly,” but the most worrying stat “is the one that we can’t see. The youth unemployment rate was suspended from the monthly economic data release, having reached a record 21.3% in June – suggesting not only that July was grimmer, but that improvement is not expected soon.”
Tags: 21.3%, China, Economic data, Economy, Grimmer, July, June, Record, Spate, Statistics, Suspended, Worrying, Youth unemployment rate
Wall Street Journal (July 13)
“U.S. consumer inflation accelerated to 9.1% in June, a pace not seen in more than four decades, adding pressure on the Federal Reserve to act more aggressively to slow rapid price increases throughout the economy.” But there are also reasons to think inflation will be coming down as “investor expectations of slowing economic growth world-wide have led to a decline in commodity prices,” consumer spending is shifting, and excess inventory has retailers warning “of the need to discount goods, especially apparel and home goods.”
Tags: 9.1%, Aggressively, Commodity prices, Consumer spending, Discount, Economy, Excess inventory, Expectations, Fed, Growth, Inflation, Investor, June, Price increases, Retailers, Slowing, U.S.
Mansion Global (July 11)
“The market has cooled since June, when the Federal Reserve raised interest rates 0.75% to help curb inflation.” Housing inventory is rising, “finally giving buyers some options and negotiability with sellers.” As a result, “nearly 15% of home contracts in the U.S. were canceled in June,” which had approximately 60,000 cancellations. That’s up 12.7% over May and 11.2% year on year.
Tags: Buyers, Contracts, Cooled, Fed, Housing inventory, Inflation, Interest rates, June, Market, Negotiability, Options, Sellers, U.S.
Washington Post (June 25)
“In a blistering hot June around the Northern Hemisphere, in which heat records have fallen on every continent, Japan is the latest to swelter. On Saturday, temperatures there shot above 104 degrees (40 Celsius) for the first time on record during the month, another clear sign of the sweeping effects of human-caused climate change.”
Tags: 40 degrees, Blistering, Climate change, Effects, Hot, Human-caused, Japan, June, Records, Sign, Swelter, Temperatures
MarketWatch (July 13)
“U.S. stock indexes on Tuesday morning edged slightly lower from Monday’s record closes, as investors assessed a hotter-than-expected consumer inflation report for June, which suggests to some that the Federal Reserve may need to consider removing some of its monetary policy measures to avoid an overheated post-COVID economy.”
Tags: Consumer inflation, Economy, Fed, Investors, June, Monetary policy, Overheated, Post-Covid, Record closes, Stock, U.S.
Boston Globe (March 15)
“A year into the COVID-19 pandemic, the timeline for our return to the office is still hazy.” The schedule keeps “getting extended. Some of the area’s biggest companies now have June or July circled on their calendars. Many others are talking about Labor Day [September 6] again. And many aren’t giving any return dates, no matter how tentative, just yet. They’ve been burned before.”
Miami Herald (July 5)
“It took three months, from early March to June 22, for Florida to cross 100,000 new confirmed COVID-19 cases. It took less than two weeks for the state to go from 100,000 to 200,000 cases — and the positive test rate keeps rising.” On Sunday, Florida’s pandemic cases rose to 200,111 and 3,832 deaths. Florida has become the daily new case leader, but lags New York in overall cases.
Tags: Cases, Confirmed, COVID-19, Deaths, Florida, June, March, Pandemic, Positive test rate, Rising
Bloomberg (July 20)
“Last month wasn’t just the hottest June on record—it continued the longest-ever streak of record-breaking months: 14. It’s no longer a question of whether 2016 will be the hottest on record, but by how much.”
Tags: 2016, Hottest, June, Record breaking, Streak
