Consumer inflation in Japan’s capital is rising at its fastest pace in 40 years

Tokyo Nov core CPI 3.6% higher than f’cast +3.5% Tokyo CPI remains above BOJ’s 2% target for the 6th consecutive month Data underscore rising inflationary pressures TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose in November at the fastest annual rate in 40 years, surpassing … Read more

Europe hardest hit by global slowdown -OECD

Global growth to fall from 3.1% in 2022 to 2.2% in 2023 National outlooks vary widely, with the UK lagging behind other economies Central banks urged interest rates to keep raising rates PARIS, Nov. 22 (Reuters) – The global economy should avoid recession next year, but the worst energy crisis since the 1970s will trigger … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

Fed to raise rates by 50 basis points, but peak policy rate could be higher

BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downshift in December to deliver a 50 basis point rate hike, but economists polled by Reuters say an extended period of US central bank tightening and a higher policy interest rate spike are the biggest risks to the current outlook. US consumer price inflation unexpectedly fell … Read more

First TVs, now tortillas: U.S. companies set floor prices to stop discounts

NEW YORK, Nov 17 (Reuters) – Manufacturers of everything from toys to tortillas are increasingly setting minimum prices on their goods to preserve profits and limit price cuts, while retailers such as Walmart Inc (WMT.N) and Inc (AMZN.O) ) try to grab online turnover from each other. As a result, customers are getting fewer … Read more

UK turns page on ‘Trussonomics’ with budget plan

New government wants to restore confidence in the British economy Hunt warns of more pain now that recession is likely underway Budget with tax increases and cuts Britain, the only G7 nation with an economy still below pre-Covid size LONDON, Nov 17 (Reuters) – Chancellor of the Exchequer Jeremy Hunt will bury Britain’s failed “Trussonomics” … Read more

UK economy shrinks as feared long recession begins

GDP in Q3 -0.2% q/q vs Reuters poll -0.5% Economic output Sept -0.6% m/m vs poll -0.4% GDP revised upwards in July and August Economists still see UK going into recession Finance Minister predicts “tough road ahead” LONDON, Nov 11 (Reuters) – The UK economy shrank in the three months to September as the onset … Read more

Split Bank of Mexico Raises Interest Rate to Record 10%, Leaves Door Open to Future Increases

MEXICO CITY, Nov. 10 (Reuters) – The Bank of Mexico on Thursday raised its key interest rate by 75 basis points to a record 10.00%, in a split decision that opened the door to future rate hikes but cast doubt on how aggressively it would be. continue its monetary tightening cycle. It was the fourth … Read more

No-boom, no-bust economy chases Democrats in US midterm elections

WASHINGTON, Nov. 7 (Reuters) – Household cash is near record highs in the United States, and consumers are using it to pack restaurants and planes and buy new cars. Jobs are up for grabs. Net worth is 30% higher than before the pandemic, even more so for those in the bottom half. And despite all … Read more

China implements policy to boost private investment

BEIJING, Nov. 7 (Reuters) – China’s state planner issued a statement Monday saying it would further improve the policy environment to encourage private investment development, the latest step to support the faltering economy that faces multiple headwinds . The world’s second largest economy showed surprising growth in the third quarter, but the recovery was dampened … Read more