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It’ll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.
But it’s great for Americans who want to buy imports.
For some, it’s about consumers spending less. For others, it’s about other businesses spending less.
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
That may be a sign that the overheated job market is cooling down.
It all dates back to the financial crisis of 2008-09.
A slowing economy could help bring worker supply and demand back into balance.
The pandemic accelerated automation purchases, according to an industry group, especially in agriculture, construction and fast food.
There are almost two job openings for every unemployed person.
The holiday’s staples, like meat and propane, are more expensive. But people are willing to pay more as they gather to celebrate.