Charting the Global Economy: US Inflation Eases; Rescue Package for China Property Crisis

In April, a key U.S. inflation indicator showed its first easing in six months, hinting at possible Federal Reserve interest rate cuts later this year. Concurrently, other economic data like retail sales and home construction also suggested a slowdown in demand.

Meanwhile, China's government has launched a significant initiative to stabilize its troubled property sector, which is crucial for the country's economic growth and employment levels. This move comes as the economic recovery in China shows a stronger lean towards manufacturing, with consumer spending growth slowing down.