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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U.S. economy loses momentum toward end of summer, S&P surveys show
The numbers: The U.S. economy lost some momentum toward the end of summer as rising interest rates and still-high inflation…
Fed Holds Interest Rates Steady, Analysts Predict Data-Dependent Approach
The Federal Reserve announced on Wednesday that it would hold its benchmark interest rate steady, marking a pause in its…
Fed’s Collins doesn’t rule out more interest-rate hikes
Story developing. Check back for updates. Boston Federal Reserve President Susan Collins said the U.S. central bank might not be…
Bank of Canada Holds off on Rate Hikes Amid High Inflation and Economic Uncertainty
In a recent decision, the Bank of Canada has chosen to hold off on interest rate hikes, according to a…
Fed Maintains Interest Rates, as US Unemployment Figures Rise
In a widely anticipated move, the U.S. Federal Reserve (FED) decided on Wednesday to keep the interest rate steady within…
Chris Christie fires back at Donald Trump as the Republican race heats up in New Hampshire
“‘Keep it coming, Donald.’” That’s Republican presidential candidate and former New Jersey Gov. Chris Christie responding to recent attacks against…
Fed Officials Anticipate Rate Increase With Gradual Economic Slowdown
The U.S. Federal Reserve recently updated its "Summary of Economic Projections" (SEP), including the widely analyzed "dot plot," indicating that…
Bank of Canada Maintains Key Interest Rate at 5% Amid Economic Uncertainty
The Bank of Canada (BoC) has decided to keep its key interest rate steady at 5%, despite signs of a…
The Fed’s inflation read is dead wrong. That’s why a 2024 downturn looms, says professor who pioneered popular recession predictor
Campbell Harvey, a Duke University finance professor best known for developing the yield-curve recession indicator, says the Federal Reserve’s read…
Fed futures traders anticipate steady interest rate despite central bank’s hike prediction
Despite the Federal Reserve's recent hint at a potential interest rate increase, futures traders are largely expecting the central bank…
Factbox-How could US government dodge an Oct. 1 shutdown?
WASHINGTON (Reuters) - The U.S. Congress faces a midnight Sept. 30 deadline for passing some sort of temporary funding bill…
Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The U.S. Federal Reserve held interest rates steady on Wednesday but…
Powell says soft-landing not baseline, but it’s sure in the forecast
By Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell declined on Wednesday to say he expects a "soft landing"…
Japan to pull together pillars of economic package early next week, says PM
(Reuters) - Japan's Prime Minister Fumio Kishida said on Thursday he will instruct his government to pull together the pillars…
Auto strike may spit fuel on U.S. inflation flame: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -With oil prices at their highest this year and eyeing $100 a barrel again,…
Josh Frydenberg appointed as chair of Goldman Sachs’ Australian business
Josh Frydenberg has been named as the chair of the investment bank Goldman Sachs' Australian business, a position he will…
Japan’s overall consumer prices continued to rise more than 3% in August
TOKYO — Japan’s overall consumer prices rose 3.2% from a year earlier in August, staying above the Bank of Japan’s…
McCarthy says US House Republicans to vote on defense spending bill Thursday
By David Morgan (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy said Republicans will try again to move forward on…