NEW YORK (REUTERS) – Wall Street bounced back to a sharply higher close in light trading on Friday (July 1) as investors embarked on the …
Ukraine war will hurt Singapore’s economic growth but not all is lost
SINGAPORE – The fallout from the Ukraine war is boosting inflation and bleeding economies worldwide, which in turn has dampened trade-driven Singapore’s growth outlook while …
BT Money Hacks Podcast: Currencies emerging as investors’ weapon of choice against inflation
Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. Although foreign exchange trading carries a high level …
US income and spending lag behind inflation, a sign of economic fragility
NEW YORK (NYTIMES) – Americans’ income and spending failed to keep pace with rising prices in May, the latest sign that the fastest inflation in …
Powell says Fed can avert US recession but task getting tougher
ATLANTA (BLOOMBERG) – Federal Reserve chair Jerome Powell said the United States economy is in “strong shape” and the central bank can reduce inflation to …
Traders price in first 50 basis-point hike by South Korea
SEOUL (BLOOMBERG) – The Bank of Korea (BOK) is poised to raise its policy rate by half a percentage point for the first time next …
Powell’s path to 2% inflation needs luck or, failing that, pain
VIRGINIA (BLOOMBERG) – Federal Reserve Chair Jerome Powell sees two possible paths for the economy and monetary policy over the next year: With some luck, …
Significant rate hikes needed as risks of global stagflation ‘loom large’, BIS warns
SINGAPORE – The Bank for International Settlements (BIS) has warned that the risks of global stagflation – a combination of high inflation and an economic …
US faces ‘narrowing path’ to avoid recession: IMF chief
WASHINGTON (AFP) – With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, …
Beware the dangers of sado-monetarism
NEW YORK (NYTIMES) – Sado-monetarism is having a moment. And one of the biggest risks now facing the US economy is that it will have …
Fed’s Powell says commitment to curbing inflation is ‘unconditional’
WASHINGTON (REUTERS) – The Federal Reserve’s commitment to reining in 40-year-high inflation is “unconditional” but also comes with the risk of higher unemployment, United States …
Singapore core inflation jumps to 13-year high of 3.6% in May amid rising food prices
SINGAPORE – Core consumer prices in Singapore surged at the fastest rate in more than 13 years last month, led by the rising costs of food, electricity …
US recession fears darken outlook for Japan, global factories
TOKYO (REUTERS) – Japan’s factory activity growth slowed to a four-month low in June as China’s Covid-19 curbs disrupted supply chains, while many other economies …
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 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 …