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US PCE price index shows zero monthly inflation in May

US PCE price index showed 0% monthly inflation in May, bolstering market narrative that consumption sentiment has weakened in Q2 and helped easing inflationary pressure in the US economy.

US PCE inflation slows further in March with looming recession concern

US PCE price index decelerated further in March with the year over year rate dropped to merely 4.2%, down from 5.1% in February.

Global Economy

Interviews

Interview with Paul Romer – On Charter Cities (and HK) and Growth Theory

"There is a big difference between saying you want to allow for city-scale reform zones that will encourage reform of government and innovation in government, and saying that you want to do away with government entirely and let a corporate entity run a private city," says Nobel winning economist Paul Romer.