INFL

Fed’s Barr: Concerned about blowback to financial system from crypto

Nov 15 (Reuters) – Michael Barr, the Federal Reserve’s top financial regulator, said on Tuesday he was concerned about risks to the non-banking sector, including cryptocurrencies, for which the U.S. central bank and other regulators have low visibility. “We are concerned about risks that we ignore in the non-banking sector,” Barr said in response to …

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Japan’s inflation hits 8-year high in test of BOJ’s dovish policy

September core CPI rises 3.0% yr, in line with forecast Core consumer inflation remains above BOJ target for 6th month Data point to widening inflationary pressures BOJ keeps interest rates ultra-low on fragile economy TOKYO, Oct 21 (Reuters) – Japan’s core consumer inflation rate accelerated to a new eight-year high of 3.0% in September, challenging …

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Goldman Sachs sees deeper UK recession after tax U-turn

Oct 17 (Reuters) – Goldman Sachs has downgraded Britain’s economic outlook and warned of a deeper recession next year after Prime Minister Liz Truss sacked Kwasi Kwarteng last week. his chancellorship and abandoned parts of his unpopular economic program. The Wall Street bank has revised its forecast for UK economic output for 2023 to a …

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U.S. Treasury asks major banks if it should buy back bonds

Oct 14 (Reuters) – The U.S. Treasury Department is asking primary traders of U.S. Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market. Liquidity in the world’s largest bond market has deteriorated this year in part due to rising volatility as the Federal Reserve rapidly …

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Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads, including Union Pacific (UNP.N)Berkshire Hathaway …

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Europe heading for recession as cost of living crisis deepens

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly heading into recession, with surveys on Monday showing a deepening cost of living crisis and a bleak outlook that is causing consumers to be wary of spending. Although there has been some easing in price …

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Central banks will fail to tame inflation without better fiscal policy, study says

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Join now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments …

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Fed minutes show more rate hikes coming, but pace could slow

The Federal Reserve Building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that inflationary pressures in the United States were easing and worked to force the …

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