The #federalreserve is pausing while the ECB is aggressively hiking #interestrates all at the same time the People's Bank of #china is cutting theirs. What is going on with the global #economy? The answer is #recession and #deflation though those haven't yet knocked #inflation down enough for some of these central bankers.
Eurodollar University's Money & Macro Analysis
ECB: Monetary policy decisions
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230615~d34cddb4c6.en.html
The spokesperson of the National Bureau of Statistics answered reporters' questions on the operation of the national economy in May 2023
http://www.stats.gov.cn/sj/sjjd/202306/t20230615_1940669.html
Wang Xin, chief statistician of the Industry Department of the National Bureau of Statistics, interprets the industrial production data in May
http://www.stats.gov.cn/sj/sjjd/202306/t20230615_1940658.html
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