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The Federal Reserve Board raised the target range for the federal funds rate by 25 bps to 5% and 5.25% range on its two-day monetary policy meeting on the 3 May. This is the 10th time the Fed has raised…
The travel data during the Labor Day holiday Golden Week in mainland China has been released, and both the number of travelers and tourism revenue exceeded the same period in 2019. The Ministry of Culture and Tourism of China revealed…

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Kansas City Fed survey showed that Tenth District manufacturing activity declined moderately in April, while expectations for future activity remained positive. Price indexes increased versus last month but decreased from the previous year and are not expected to change significantly…
The National Bureau of Statistics announced that the total retail sales of consumer goods in March was CNY3.79 tn, +10.6% YoY, which was higher than market expectations of 7.5%. The retail sales of consumer goods other than automobiles were CNY3.36…
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The National Association of Realtors (NAR) announced that existing-home sales growth in March turned negative, down 2.4% YoY, lower than the expectation of a 1.8% decline. According to the Labor Department, for the week ended 15th April, the number of…
According to China’s National Bureau of Statistics, GDP grew 4.5% in 1Q23, showing a economic rebound. The GDP YoY growth rose from 2.9% in 4Q22 to 4.5% in 1Q23, and the QoQ growth increased from 2.4% to 9.1%. The rebound…