Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan ($283.1 billion) to more than 10 trillion yuan.
The Federal Reserve may have pretty much just hit its 2% inflation target
In fact, economists at Goldman Sachs think the Fed may already be there.
Here’s the deflation breakdown for September 2024 — in one chart
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
These are the stocks posting the largest moves in midday trading.
French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
While tax hikes are focused on big corporations and high earners, the budget also contains politically-controversial measures.
Wholesale prices were flat in September, below expectations
The producer price index was expected to show a 0.1% increase in September, according to the Dow Jones consensus.
Stocks making the biggest moves premarket: Wells Fargo, JPMorgan, Tesla, Stellantis and more
These are the stocks posting the largest moves in premarket trading.
Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.
UK economy grows 0.2% in August, in line with expectations
The U.K. economy had previously recorded modest but steady expansion in almost every month this year, but flatlined recently.