Microeconomics news
Here are some recent microeconomics news articles and updates:
1. Inflation and Monetary Policy
- The US Federal Reserve has raised interest rates for the seventh time in a year to combat rising inflation, citing concerns over the economy's ability to sustain growth. (Source: The New York Times)
- The European Central Bank has also raised interest rates to combat inflation, citing concerns over the impact of rising energy prices on the economy. (Source: Reuters)
2. Trade and Tariffs
- The US and China have reached a phase one trade deal, with China agreeing to increase its purchases of US goods and services by $200 billion over the next two years. (Source: The Wall Street Journal)
- The US has imposed tariffs on $7.5 billion worth of European Union goods, including wine, cheese, and aircraft, in a dispute over subsidies to Airbus. (Source: Bloomberg)
3. Economic Indicators
- The US GDP growth rate has slowed to 2.1% in the third quarter, down from 3.1% in the previous quarter. (Source: Bureau of Economic Analysis)
- The unemployment rate in the US has fallen to 3.5%, the lowest level since 1969. (Source: Bureau of Labor Statistics)
4. Business and Industry
- Amazon has announced plans to raise its minimum wage to $15 per hour for all US employees, effective November 1. (Source: CNBC)
- General Motors has announced plans to invest $7 billion in its US operations, including a new electric vehicle battery plant in Ohio. (Source: The Detroit News)
5. International Trade
- The UK and the EU have agreed on a new trade deal, which will allow for tariff-free trade in goods and services. (Source: BBC News)
- The US and Japan have agreed on a new trade deal, which will reduce tariffs on goods such as beef and pork. (Source: The Japan Times)
6. Economic Inequality
- A new report by the Economic Policy Institute has found that the richest 1% of Americans now hold more than 40% of the country's wealth. (Source: The Guardian)
- A new study by the World Bank has found that economic inequality is on the rise globally, with the richest 1% holding more than 30% of global wealth. (Source: The World Bank)
These are just a few examples of recent microeconomics news articles and updates.