Kashkari: Fed has more work to do to control inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that the U.S. central bank likely has more work ahead of…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that the U.S. central bank likely has more work ahead of…
WASHINGTON (Reuters) – Federal Reserve Gov. Lisa Cook said she hopes the central bank’s current target interest rate is adequate to return inflation to the Fed’s 2% target. The Fed…
Families Are Struggling Under Rising Inflation, Biden-Led Regulation, Experts Say Will Kessler on November 5, 2023 Key costs for families, like child-care and shelter, have risen substantially during President Joe…
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) – U.S. holiday sales in 2023 are expected to rise at the slowest pace in five years, data from the National…
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – Spending by federal and provincial governments in Canada will start feeding into inflation next year if current spending plans are maintained,…
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan may prefer to go slow in ending ultra-low interest rates, but the weak yen and risks of…
TOKYO (Reuters) – Japan’s factory activity contracted for a fifth straight month in October, a survey showed on Wednesday, as subdued demand and inflationary pressures squeezed businesses. The final au…
By Gavin Jones and Antonella Cinelli ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months, preliminary data showed on Tuesday, a weaker reading than…
TOMS RIVER, NJ – In a move as hot as a fresh pepperoni pie, Pizza Hut is rolling out its $7 Deal Lover’s Menu, serving a full spread from pizzas…
NEWARK, NJ – There is no relief from inflation in sight, especially for consumers in New York and New Jersey, two of the states where the cost of living is…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan will face growing pressure at its policy meeting next week to shift further away from its controversial bond yield control,…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -Core consumer inflation in Japan’s capital Tokyo, considered a leading indicator of nationwide trends, unexpectedly accelerated in October, a sign of broadening…
(Reuters) – U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly…
SYDNEY (Reuters) – Australia’s top central banker on Tuesday warned there were risks inflation would prove more stubborn than expected and that interest rates might have to rise further to…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – A key measure of Japan’s trend inflation accelerated to 2% in September, hitting a record and matching the central bank’s target,…
MEXICO CITY (Reuters) – Mexico’s inflation likely eased in the first half of October, but still stuck above the central bank’s target, a Reuters poll showed on Monday, supporting bets…
COLOMBO (Reuters) -Sri Lanka’s consumer price inflation rate eased to 0.8% year-on-year in September from 2.1% in August, the statistics department said on Monday. The National Consumer Price Index captures…
By Pete Schroeder WASHINGTON (Reuters) -The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of…
NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank’s mission, although he did not say…
(Reuters) – Inflation is curbing short-term demand for malt, but demand looks to rebound soon for the beer ingredient made from barley after brewers depleted stocks, France-based producer Malteurop said…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is expected to raise its inflation forecasts this month to show prices exceeding its 2% target for two straight years,…
SYDNEY (Reuters) – The head of Australia’s central bank on Wednesday said the domestic economy was in a “challenging” situation with consumption slowing but inflation still elevated, and monetary policy…
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for inflation to come down, and it is “still too high.”…
MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank’s 4% target may require additional monetary policy tightening, according to a review by central…
By Eliana Raszewski and Lucila Sigal BUENOS AIRES (Reuters) – Argentine conservative Patricia Bullrich, who many pegged just months ago as favorite to win the country’s presidential election, is now…