Morgan Stanley raises forecast on China’s GDP growth

BEIJING – Morgan Stanley has revised its forecast on China’s GDP growth as it believes ongoing reforms, including excess capacity cuts, are improving the quality and structure of the economy. The New York-based investment bank predicted the economy will expand by 6.8 percent year-on-year in 2017 — up from a previous forecast of 6.6 percent –… Please follow and like us:

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Low inflation addressed by Federal Reserve

The Federal Reserve has been absolutely flummoxed that inflation has stayed so low for so long. Gasoline prices and headline inflation may be getting a temporary jolt from Harvey, but core inflation – consumer prices less energy and food costs – remains well below the Fed’s official target of 2 percent. Economists – including the elves… Please follow and like us:

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Consumer prices rise for first time in three months, but inflation rate remains low

WASHINGTON — Consumer prices increased in July for the first time in three months as Americans paid more for food, but the modest hike kept annual inflation still running low, the Labor Department said Friday. The 0.1 percent price increase last month was less than the 0.2 percent rise that analysts had forecast. The new data… Please follow and like us:

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Will Whole Foods Be Cheaper After Amazon Buyout?

Whole Foods Market’s stock prices rose 28 percent Friday following news that the online distributing giant Amazon was buying the grocery story for an estimated $13.7 billion. The acquisition is unlikely to lower consumer prices but will offer more opportunities for the expanding e-commerce business for fresh food. “The brand is a good compliment to Amazon… Please follow and like us:

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Gold Gets a Shot in the Arm from Inflation and China; China and India to Lead World Economy by 2050

Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced for the sixth straight month. In addition, January is the second straight month for rates to be above the Federal Reserve’s… Please follow and like us:

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