Global interest-rate divergence is in store amid the fog of Trump’s second year at the White House
Birds fly past the Marriner S. Eccles Federal Reserve Board building in Washington, D.C., U.S., on Tuesday, Nov. 30, 2010. The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression. Photographer: Joshua Roberts/Bloomberg
The US economy this year will get a boost from tax cuts, real wage gains and rising wealth, while inflation will moderate, according to economists at Goldman Sachs Group Inc.
The Bank of Japan is widely expected to raise its key rate on Friday. The path ahead gets murkier.
Kazuo Ueda, governor of the Bank of Japan (BOJ), during a news conference at the central bank's headquarters in Tokyo, Japan, on Thursday, Oct. 30, 2025. The Bank of Japan kept its benchmark rate unchanged, sending the yen lower in the bank’s first policy decision since Sanae Takaichi, an advocate of monetary easing, became prime minister last week. Photographer: Kiyoshi Ota/Bloomberg
Economists say more stimulus will be needed in 2026 to revive consumption
Construction cranes at a large residential complex development site in Shanghai, China, on Saturday, July 12, 2025. China’s economy likely expanded just above the government’s full-year growth target in the second quarter, easing pressure on Beijing to roll out additional stimulus in the near term. Photographer: Qilai Shen/Bloomberg
US central bankers signaled little appetite for further rate cuts.
Birds fly past the Marriner S. Eccles Federal Reserve Board building in Washington, D.C., U.S., on Tuesday, Nov. 30, 2010. The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression. Photographer: Joshua Roberts/Bloomberg
Rising tensions with China may shave about 0.2 percentage point off Japan’s gross domestic product growth if tourism and the export of consumer goods to the world’s second-largest economy decline, according to economists at Goldman Sachs Group Inc.
The Tokyo Skytree. Photographer: Noriko Hayashi/Bloomberg
Rising tensions with China may shave about 0.2 percentage point off Japan’s gross domestic product growth if tourism and the export of consumer goods to the world’s second-largest economy decline, according to economists at Goldman Sachs Group Inc.
The Tokyo Skytree. Photographer: Noriko Hayashi/Bloomberg
The president’s bid to rekindle the kind of economic supremacy that saw the 1900s dubbed “America’s Century” risks isolating it from the region that’s laying claim to the 2000s — Asia.
US President Donald Trump displays a signed executive order during a tariff announcement in the Rose Garden of the White House in Washington, DC, US, on Wednesday, April 2, 2025. Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair. Photographer: Jim Lo Scalzo/EPA/Bloomberg
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