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China's economic woes may help lower U.S. inflation
China's economic pain may be the Fed's gain. Why it matters: The country's economic slog could indirectly help the U.S. bring inflation down. The big picture: The People's Republic, the world's second-largest economy, continues to struggle to shake off COVID-induced woes, leaving it tottering on the brink of deflation — or falling prices. The latest: New Chinese price data out Monday was weaker than expected, with the country's consumer price index dead flat — that's an annual gain of 0% — over the last year. • Producer prices — prices at the factory gate, which are typically seen as a leading indicator of ... (full story)