Economy
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit By Reuters
By Tetsushi Kajimoto TOKYO (Reuters) - Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap…
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Fed speakers hint at extension of rate pause, markets anticipate tightening
The US Federal Reserve's speakers, including Jefferson, Goolsbee, Barr, and Bostic, suggested an extension of the September pause into November…
Fed has to get away from meeting-by-meeting ‘guessing game’ on interest rates, Mester says
Cleveland Federal Reserve President Loretta Mester said Friday that the central bank will have to find a way next year…
IMF sees India meeting its FY24 deficit goal despite extra spending
NEW DELHI (Reuters) - India has room to absorb additional expenditure towards subsidies and rural unemployment programme without raising its…
Jim Jordan dropped as speaker nominee by House Republicans, who plan for new pick next week
House Republicans voted Friday in a secret ballot against keeping Rep. Jim Jordan as their nominee for speaker, and they…
French manufacturers’ sentiment slips below long-term average
French manufacturers' sentiment in October 2023 has seen a more significant drop than anticipated, according to recent data from Insee.…
Persistent inflation risk and potential for real estate losses a worry in Fed report on banks
A Federal Reserve survey of financial stability risks released Friday showed growing concerns of persistent inflation and the potential for…
Fannie Mae predicts economic soft landing despite rate hikes
Fannie Mae's Economic and Strategic Research (ESR) group has revised its real GDP prediction for 2023 to 2.5%, anticipating a…
U.S. budget deficit swells to $1.7 trillion in fiscal 2023 as revenue tumbles
The numbers: The federal budget deficit for fiscal year 2023 was $1.7 trillion, up $320 billion, or 23%, from a…
Fed Chair Powell’s Upcoming Speech Stirs Anticipation Amid High Interest Rates
Federal Reserve Chair Jerome Powell is due to address the Economic Club of New York today, Thursday. Investors and economic…
India Can Meet Fiscal Deficit Target Despite Additional Subsidies, Says IMF
The International Monetary Fund's (IMF) Asia-Pacific director, Krishna Srinivasan, stated on Thursday that India has the capacity to sustain additional…
Japan’s overall consumer inflation rises 3% in September
TOKYO — Japan’s overall consumer prices rose 3% from a year earlier in September, government data showed Friday. The figure…
Profits of US mid-sized banks likely to be squeezed by higher funding costs
By Manya Saini and Niket Nishant (Reuters) - U.S. mid-sized banks will likely need to shell out more to retain…
‘Blind support for one side is destructive in the long term.’ State Dept. official Josh Paul quits over Israel policy
““The fact is, blind support for one side is destructive in the long term to the interests of the people…
Israel’s war economic aid package to be bigger than during COVID -Fin Min
JERUSALEM (Reuters) - Israel's government was preparing an economic aid package for those impacted by attacks by Hamas militants that…
Fed’s Bostic says he doesn’t see first rate cut until late next year
The Federal Reserve may not cut interest rates until late 2024, Atlanta Fed President Raphael Bostic said Friday. In an…
Fed to ‘proceed carefully’ amid rising Treasury yields, economic strength: Powell
Investing.com – Federal Reserve Chairman Jerome Powell on Thursday said the Fed is "proceeding carefully" on monetary policy decisions following…
House speaker election: Republican opposition to Jordan grows in third round of voting
Rep. Jim Jordan continued to face resistance Friday in his bid to become the next speaker of the U.S. House…
Digital Euro Project Enters Preparation Phase Under ECB’s Guidance
The European Central Bank (ECB) has recently advanced the digital euro project into its preparation phase, following a two-year investigation.…