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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Biden seeks $14 billion for Israel, $61 billion for Ukraine in request to Congress
President Joe Biden on Friday asked Congress for about $14 billion to support Israel as it battles Hamas, and requested…
Fed’s Restrictive Policy Hinges on Data, Outlook, Risk Balance
The Federal Reserve's restrictive policy could face additional hikes if there's evidence of above-trend growth or if the easing of…
Fed signals cautious monetary policy amid economic growth and geopolitical risks
Federal Reserve Chair Jerome Powell, speaking at the Economic Club of New York on Thursday, emphasized a cautious approach to…
Fed can ‘wait, watch’ how economy evolves before making any interest-rate decisions, Waller says
The Federal Reserve needs to “wait, watch and see” how the economy evolves before making any interest-rate moves, said Fed…
Bank of Japan Upgrades Economic Outlook for Six Regions
The Bank of Japan (BOJ) has revised its economic outlook upwards for six regions, including Kanto-Koshinetsu, as per the quarterly…
House speaker vote: Betting markets see McHenry as more likely than Jordan to get the job permanently
The House’s temporary speaker, Rep. Patrick McHenry, has seen a surge in his chances of getting the post on a…
Bangladesh Secures Potential $681M IMF Loan Amidst Economic Challenges
Bangladesh has reached a preliminary agreement with the International Monetary Fund (IMF) that could unlock $681 million from a $4.7…
Powell might be a bit more hawkish than his Fed colleagues on Thursday
Federal Reserve Chairman Jerome Powell may be more hawkish in his speech Thursday, at least relative to some of the…
India’s Data-Driven Policies Key to High-Income Status, Says World Bank
World Bank's Chief Economist Indermit Gill emphasized the importance of data-driven policies for middle-income countries (MICs) such as India on…
U.S. housing starts rebound in September after sharp drop in prior month
The numbers: Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after…
Fed developing extra ‘stress test’ scenarios to test for bank weaknesses: official
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is developing additional scenarios to probe for weaknesses in large banks…
Philadelphia Fed manufacturing gauge remains in contractionary territory for second straight month
The numbers: The Philadelphia Federal Reserve said Thursday its gauge of regional business activity remained in contractionary territory for the…
Fed’s Powell Hints at Potential Interest Rate Hike Amid Persistent Inflation
Federal Reserve Chairman Jerome Powell, in his address to the Economic Club of New York on Thursday, indicated that despite…
Jobless claims fall to 9-month low of 198,000. Not many layoffs in U.S. economy.
The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000,…
EU’s Michel: EU and US must find mutually beneficial solutions on trade disputes
WASHINGTON (Reuters) - The European Union and the United States must find mutually beneficial solutions to help resolve trade disputes,…
U.S. leading economic indicators point lower for 18th straight month, but still no sign of recession
The numbers: The leading economic index sank 0.7% in September and was negative for the 18th month in a row —…
Canada, Caribbean bloc vow stronger bilateral ties at Ottawa summit
(Reuters) - Canada and the Caribbean's Caricom regional bloc on Thursday announced the launch of a "strategic partnership" encompassing closer…
U.S. mortgage rates near 8%, rising for the sixth week in a row
U.S. mortgage rates rose for the sixth week in a row amid worries over another potential interest-rate hike by the…