WASHINGTON (Reuters) – There are no plans to go back to Congress to push for changes to the Inflation Reduction Act, the White House said Friday, a day after President …
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Jerome Powell Claims ‘Nobody’ Expected Inflation To Get So High. Here Are The Economists Who Did.
Jerome Powell Claims ‘Nobody’ Expected Inflation To Get So High. Here Are The Economists Who Did. Harold Hutchison on November 30, 2022 Federal Reserve Chairman Jerome Powell claimed Wednesday “nobody” …
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FRANKFURT (Reuters) – The European Central Bank is all but certain to start offloading some of its 5 trillion euro ($5.3 trillion) bond stash next year as it ramps up …
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Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
by Reutersby ReutersBERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking the Inflation Reduction Act that has raised fears in Europe …
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Indonesia inflation expectations coming down near central bank’s forecast – gov
by Reutersby Reuters(Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates aggressively four months ago. He …
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China central bank says to support growth, sees moderate inflation in 2023
by Reutersby ReutersBEIJING (Reuters) – China’s central bank will focus on supporting the slowing economy, People’s Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely …
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IMF’s Georgieva flags inflation, China slowdown as risks to Asia
by Reutersby ReutersBy Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook, …
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Salvation Army sees increase in need as New Jerseyans battle inflation, rising food costs
by Phil Stiltonby Phil StiltonIn what has become a holiday tradition, the Salvation Army has officially kicked off its annual Red Kettle fundraising campaign across New Jersey – and is issuing a rallying cry for Americans to …
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By James Davey LONDON (Reuters) – At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian …
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ZURICH (Reuters) – Swiss consumer price inflation held steady at 3.0% in November but still overshot the Swiss National Bank’s 0-2% target range for the 10th month in a row, …
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By Anant Chandak BENGALURU (Reuters) – India’s factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, signalling resilient demand despite deteriorating …
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Germany trying to find amicable agreement with U.S. on inflation act
by Reutersby ReutersBERLIN (Reuters) – Germany and its European Union partners are trying to find an amicable agreement with the United States on how to deal with the effects of the U.S …
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Reelin’ in the year: Powell’s pivot, Fed unity, and the war on inflation
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – The Federal Reserve started 2022 expecting a surge in inflation to subside as the pandemic-scarred economy got back to normal, and divided over how …
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Portugal’s 12-month inflation at 9.9% in November, slows down vs Oct
by Reutersby ReutersLISBON (Reuters) – Portuguese consumer prices rose 9.9% year-on-year in November, slowing down slighly from the 10.1% reported in the previous month, flash data from the National Statistics Institute (INE) …
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French consumer spending falls in October, inflation unchanged in November
by Reutersby ReutersPARIS (Reuters) – France’s economy eked out meagre growth in the third quarter of 2022 while household spending fell more than expected in October and inflation remained at a high …
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Australia monthly inflation slows in October, hints at possible peak
by Reutersby ReutersBy Wayne Cole SYDNEY (Reuters) – Australian inflation slowed in October as prices for fruit and vegetables fell sharply and holidays costs took a surprise dip, an unexpected turn that …
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Biden says inflation is slowing in ‘good news for the holiday season’
by Reutersby ReutersBy Trevor Hunnicutt BAY CITY, Mich. (Reuters) – U.S. President Joe Biden on Tuesday hailed easing prices for gasoline, clothes and appliances as “good news for the holiday season,” but …
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MANILA (Reuters) – The Philippines central bank expects November annual inflation to be in a range of 7.4% to 8.2%, reflecting upward price pressures from electricity and agricultural products, it …
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BERLIN (Reuters) – German inflation dipped in five states in November, data showed on Tuesday, suggesting cost pressures eased in Europe’s largest economy – a welcome development for the European …
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Netherlands says inflation overstated due to skewed energy price calculation
by Reutersby ReutersAMSTERDAM (Reuters) – Statistics Netherlands (CBS), the Dutch government’s statistics office, is looking at a problem with its energy price measurements, which it said has caused the country – and …
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FRANKFURT (Reuters) -Euro zone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a …
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Labour turmoil sweeps Australia as inflation stirs ‘spirit of anger’
by Reutersby ReutersBy Byron Kaye and Sonali Paul SYDNEY/MELBOURNE (Reuters) – After a decade of making up to A$200,000 a year (about US$135,000) on oil and gas rigs as a fitter and …
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FRANKFURT (Reuters) – Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said …
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Black Friday online sales to hit record despite high inflation -Adobe Analytics
by Reutersby Reuters(Reuters) -U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off …
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Malawi cuts 2022 growth forecast on power shortages and inflation
by Reutersby ReutersBy Frank Phiri BLANTYRE (Reuters) -Malawi has lowered its 2022 growth forecast to 1.7% from 4.1% due to problems with power generation and rising inflation that have piled pressure on …