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Yellen sees strong job market, lower inflation, even as US economy cools

Yellen sees strong job market, lower inflation, even as US economy cools

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a joint press conference with Kristalina Georgieva, Managing Director of the International Monetary Fund, William Ruto, President of Kenya, French President Emmanuel Macron, and World Bank Pre By David Lawder (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that the U.S. economy is…

Brazil cenbank chief signals he supports changing inflation target time frame

Brazil cenbank chief signals he supports changing inflation target time frame

© Reuters. FILE PHOTO: Brazil’s Central Bank President Roberto Campos Neto looks on during a ceremony at the Superior Electoral Court headquarters in Brasilia, Brazil, March 7, 2023. REUTERS/Adriano Machado/File Photo By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation targets,…

Australia’s central bank hiked rates for fear inflation was becoming entrenched

Australia’s central bank hiked rates for fear inflation was becoming entrenched

© Reuters. Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did not become embedded in wage and…