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The U.S. Congressional Budget Office (CBO) announced on the 15th that it expects the U.S. economy to contract this year, with the unemployment rate soaring to 5.1% this year. The U.S. Department of Labor announced that the producer price index (PPI) rose 6.0% year-on-year and 0.7% month-on-month in January. The PPI, which represents the US wholesale price, declined by -0.2% in the previous Decem..

The Bank for International Settlements said financial risks were inherent in $65 trillion of off-balance sheet derivative debt. A report titled 'Huge, Missing and Growing' by the Bank for International Settlements (BIS) said that "lack of information is making it harder for policymakers to predict the next financial crisis". They raised concerns that the debt was not being recorded on the balanc..

"Many participants observed that price pressure has increased in the services sector and historically price pressure in this sector has been more persistent than price pressure in the commodity sector," the Fed's November minutes said. "Risks to the inflation outlook remain elevated." "We agreed that it was important to inform the public," he said. "How high and how long interest rates are maint..

Employment is reorganized mainly for low-wage workers in their 60s, and rising real estate interest rates due to low unemployment and high interest rates are deteriorating the economy. The US mortgage rate (30-year maturity) rose to 6.02% this week, more than double from 2.86% a year ago. Korea's unemployment rate is at an all-time low of 2.5%, with low-paid workers in their 60s accounting for 4..