Ever since President Xi Jinping sought to draw a line under China’s slowdown last month, investors have clamored for him to back up monetary easing with a powerful fiscal stimulus to help fuel one of the nation’s biggest stock rallies in years.

Nine weeks before a presidential election with major implications for global trade, American companies remain as split as ever about whether the tariff barrage the US unleashed against $300 billion of imports from China is punishing their fiercest economic rival or backfiring at home.

Federal Reserve Governor Adriana Kugler said the US central bank should keep its focus on bringing inflation back to its 2% target, though with a “balanced approach” that avoids an “undesirable” slowdown in employment growth and economic expansion.

China said it’s confident in reaching its economic targets this year and promised to further support growth, although it held back in unleashing more major stimulus in a disappointment to investors looking for more fuel for a world-beating stock rally.

I’m Shawn Donnan, a senior writer for economics in Washington. Today we’re looking at Donald Trump’s tariff math. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer interest during the nation’s week-long holiday. Whether the rebound will be sustained is another matter.

Federal Reserve Bank of St. Louis President Alberto Musalem said he supported the US central bank’s decision last month to lower interest rates by a half point, but emphasized he’d prefer further reductions to be gradual.

Reducing interest rates in October wouldn’t mean that the European Central Bank is certain to do so again at its final meeting of the year, according to Governing Council member Bostjan Vasle.

Die Zerstörung, die das Hochwasser in vielen Häusern und Betrieben hinterlassen hat, ist enorm. Ökonomen schätzen die Schadenssumme nun auf mindestens 1,3 Milliarden Euro – die Schäden an Straßen und bei den ÖBB noch nicht mitgerechnet.

Beijing’s pivot toward economic stimulus has sparked fevered stock buying from hedge funds and individual investors. But big asset allocators and multinational companies are wary of rushing back into Asia’s largest economy.

September's labor market report shows economists are missing important drivers of US strength. Here's why they keep getting it wrong.

A survey of stores across 46 states revealed how hard it is for the retailer to keep its gold products stocked even as prices for the metal continue to climb.

US bonds tumbled on Monday, deepening a rout triggered by strong labor-market data that caused traders to sharply ratchet back bets on aggressive Federal Reserve interest-rate cuts.

The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates – had largely disappeared as a bond-market talking point in recent months.

Die Herbstlohrunden stehen bevor. Für die im Oktober und November startenden Verhandlungen in den Branchen Eisenbahn, Straße, Handel-Lagerwesen und Reinigung fordert die Gewerkschaft vida eine Abgeltung der rollierenden Teuerung und „von gesteigerten Arbeitsbelastungen“. Erschwert werden könnten die Verhandlungen durch die schlechten Wirtschaftsdaten und -prognosen.

Die Innsbrucker Stadtregierung hat sich auf einen neuen Kriterienkatalog für die Vormerkung und Vergabe von städtischen Mietwohnungen geeinigt. Damit sollen künftig mehr Menschen die Möglichkeit haben, eine Stadtwohnung zu beziehen. Zudem soll die Wohnungsvergabe rascher und effizienter werden.

Factory orders in Germany plummeted in August, marking yet another setback for industry in a year when Europe’s biggest economy has failed to deliver a much-awaited recovery.

China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government.

The probability for a US recession over the next year is back at the long-term average of 15% after a blowout payrolls report for September reduced the chances for such a downturn, Goldman Sachs Group Inc. economists said.

The European Central Bank will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.

The German government expects the nation’s economy to shrink by 0.2% this year, Sueddeutsche Zeitung reported ahead of an official estimate due on Wednesday, without saying how it got the information.

President Joe Biden sought to discourage Israel from attacking Iran’s oil fields, as the US looks to shape Prime Minister Benjamin Netanyahu’s response to a ballistic-missile barrage and keep the region from descending into all-out war.

The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.

Catch up: the Oct 7th anniversary; Rio Tinto offers to buy Arcadium Lithium

Die Wirtschaftsforschungsinstitute WIFO und IHS haben ihre Konjunkturprognose gegenüber der Juni-Schätzung stark nach unten korrigiert und rechnen nun mit dem zweiten Rezessionsjahr in Folge. Beide Institute erwarten heuer einen Rückgang der realen Wirtschaftsleistung von 0,6 Prozent, bei der Sommerprognose war noch mit 0,0 bzw. 0,3 Prozent plus gerechnet worden. WIFO und IHS rechnen nun mit mehr Arbeitslosen statt weniger, wie noch im Sommer erwartet worden war. Die Opposition kritisierte die Regierung.

Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s surprisingly hot jobs report served as a reminder that “inflation is not dead.”

SoftBank Group Corp. founder Masayoshi Son sketched out one of the most aggressive timelines for the adoption of artificial intelligence yet, envisioning a near future where the technology would run entire households.

China’s overseas investment hit a record high as its companies look to build more factories abroad, potentially helping to ease criticism of Beijing’s export policies.

Former Treasury Secretary Larry Summers said the Federal Reserve’s decision to cut interest rates last month was a mistake after new data showed that US job growth last month topped all estimates.