NEW YORK (NYTIMES) – Inflation has been building for months. But it was over 13 days this fall that Federal Reserve chairman Jerome Powell decided the …
Wall Street gains, S&P hits record closing high as CPI meets expectations
NEW YORK (REUTERS) – Wall Street advanced on Friday (Dec 10) and the S&P 500 notched an all-time closing high, as market participants digested an …
Fed chief ditches ‘transitory’ tag, paves way for US rate hike
WASHINGTON (BLOOMBERG) – Team Transitory is throwing in the towel. In a clear sign that the US Federal Reserve is shifting to tighter monetary policy, …
Fuel prices push Tokyo inflation to fastest pace in 16 months
TOKYO (BLOOMBERG) – Higher fuel prices drove up Tokyo’s cost of living at the fastest pace in 16 months, although the increases were still tiny …
Inflation worries dominated Fed’s last meeting
WASHINGTON (NYTIMES) – Worries about inflation dominated the Federal Reserve’s November policy meeting, with some policymakers suggesting that the United States central bank should move …
US stocks end week with solid gains
NEW YORK (AFP) – Wall Street closed the week on an upbeat note on Friday (Nov 12), brushing off data showing consumer sentiment fell to …
US workers quitting reaches record high, job openings edge down in September
NEW YORK (REUTERS) – The number of Americans voluntarily quitting their jobs rose to a record high in September while job openings stayed stubbornly above …
Money, Inflation, and Debt
Washington, D.C., Nov 11, 2021 – (ACN Newswire via SEAPRWire.com) – Congress just passed a $1.2 trillion spending package, aimed at mending the US roads …
US inflation surges to 30-year high; likely to get worse, say economists
WASHINGTON (BLOOMBERG) – After United States prices climbed by the most in three decades, there is even worse news ahead for households and policymakers: Inflation …
US Fed announces plan to slow its bond-buying programme
NEW YORK (NYTIMES) – Federal Reserve officials took their first major step towards withdrawing monetary policy support as the economy heals from pandemic disruptions and …
Singapore’s central bank ‘ready to act’ against inflation risks: Ravi Menon
SINGAPORE (BLOOMBERG) – Singapore’s top central banker has said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring …
Hyperinflation or just higher inflation? How worried should people be?
SYDNEY (BLOOMBERG) – The surge in costs for everything from fuel to computer chips, to houses and even spinach, has some people fretting over the …
New Zealand inflation surges to fastest pace in 10 years
WELLINGTON (BLOOMBERG)- New Zealand inflation surged to the fastest pace in 10 years in the third quarter, reinforcing bets that the central bank will keep …
MAS tightens Singdollar policy earlier than expected amid rising inflation
SINGAPORE – In a surprise move, Singapore’s central bank tightened its monetary policy on Thursday (Oct 14), saying it expects rising inflation and aims to …
Markets mixed amid inflation concerns, disappointing US jobs report
SYDNEY (BLOOMBERG) – Stocks looked set for a mixed start on Monday (Oct 11) and United States equity futures fell as traders weighed risks to the …
Headwinds mount for world economy into final stretch of 2021
HONG KONG (BLOOMBERG) – The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery …
‘Tension’ between jobs, inflation the chief challenge facing US central bank: Fed chief
WASHINGTON (REUTERS) – Resolving “tension” between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, its chairman Jerome …
Asia joins global stock rout as concerns mount over inflation, US debt limit
SYDNEY (BLOOMBERG) – Asia stocks fell at the open on Wednesday (Sept 29) after US stocks saw their worst day since May and bond yields …
United States Federal Reserve officials say tapering is near, advancing discussion on rate hike
NEW YORK (REUTERS) – Two Federal Reserve officials said on Monday that the United States economy is growing rapidly and that while the labour market …
ECB’s Lagarde sees policy change in July, possible 2022 measures
FRANKFURT (BLOOMBERG) – European Central Bank (ECB) president Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days, and signalled …