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White House budget sees inflation easing, even as Russia war pushes up prices

White House budget sees inflation easing, even as Russia war pushes up prices

© Reuters. FILE PHOTO: White House Council of Economic Advisers Chair Cecilia Rouse joins White House Press Secretary Jen Psaki (not pictured) for the daily press briefing at the White House in Washington, U.S. May 14, 2021. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Russia’s war in Ukraine will drive energy and food prices higher, but…

Bank of Canada says it is ready to act ‘forcefully’ to meet 2% inflation target

Bank of Canada says it is ready to act ‘forcefully’ to meet 2% inflation target

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie By Julie Gordon and David Ljunggren OTTAWA (Reuters) -The Bank of Canada is prepared to act “forcefully” with rate hikes to return inflation to target, particularly as price pressures broaden amid tight…

Mexico’s president lets slip central bank’s announcement of rate hike to 6.5%

Mexico’s president lets slip central bank’s announcement of rate hike to 6.5%

© Reuters. Mexican President Andres Manuel Lopez Obrador speaks during a news conference at the National Palace in Mexico City, Mexico March 24, 2022. Mexico Presidency/Handout via REUTERS MEXICO CITY (Reuters) -Mexico’s central bank on Thursday voted to raise its benchmark interest rate by 50 basis points to 6.5%, a decision that was unexpectedly announced…