Federal Reserve Abandons Predicting an Economic Downturn
After three years of a global pandemic that sent unemployment surging and plummeting, and a bout of inflation that saw prices grow at their fastest pace since the 1980s, the …
After three years of a global pandemic that sent unemployment surging and plummeting, and a bout of inflation that saw prices grow at their fastest pace since the 1980s, the …
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …
TOKYO/WASHINGTON – The Bank of Japan should start preparing for future monetary tightening by moving away from its yield control policy, the International Monetary Fund’s chief economist Pierre-Olivier Gourinchas said …
WASHINGTON, DC – JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserve’s …
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the …
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the …
Japan expects a smaller-than-projected primary balance deficit of ¥1.3 trillion ($9 billion) in fiscal 2025 due to increased tax revenue, though returning to a surplus will likely not come until …
The metal benefited from the peak rate narrative being pushed by the markets as inflation readings in the US, Australia, New Zealand, and the UK came in short of forecast, …
Despite inflation staying well above the Bank of Japan’s 2% target, financial markets are skeptical about whether the central bank will make any changes to its ultraeasy monetary policy at …
Japan’s government has cut this year’s economic growth forecast but expects inflation to sharply exceed the central bank’s 2% target in new projections released Thursday, acknowledging growing signs of change …