Economy News
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Here’s what to look for when the Federal Open Market Committee releases a statement and new economic forecasts at 2 p.m. after a two-day meeting in Washington and Chairman Ben S. Bernanke holds a press conference at 2:30 p.m.:
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Japan’s exports rose more than forecast in May as a weaker yen boosted the value of overseas sales, underscoring the profit boon for manufacturers from Prime Minister Shinzo Abe’s reflation campaign.
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Bank of Canada Governor Stephen Poloz will probably use his first public speech since taking office today to stress that rebuilding business investment is a key challenge, suggesting he won’t tighten monetary policy soon.
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China’s interest-rate traders are the most pessimistic on economic growth in 21 months, as Fitch Ratings says policy makers are focused on fixing the nation’s banks to avert an industry crisis.
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