China\’s three major economic indexes saw stable growth in May, with industrial output rising 3.5 percent year-on-year and social retail sales expanding 12.7 percent year-on-year, which observers said
Tag: slowing
U.S. Fed approves 10th rate hike, hints at pause amid recession risk
WASHINGTON, May 4 (Xinhua) — The U.S. Federal Reserve on Wednesday implemented the 10th interest rate hike in about a year, hinting at a possible pause in its aggressive tightening cycle amid still e
U.S. consumers cut spending, retail sales fell in March: CNN
WASHINGTON, April 18 (Xinhua) — Spending at U.S. retailers fell in March as consumers pulled back after the banking crisis fueled recession fears, adding to signs of a slowing economy, CNN reported.
U.S. wholesale inventories see slowest rise in over 2 years
WASHINGTON, Feb. 9 (Xinhua) — U.S. wholesale inventories recorded their smallest gain in December in over two years, suggesting businesses are holding back new orders amid the double whammy of slowin