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Inflation and rate hikes ahead: Bankers cautious on the economy

Inflation and rate hikes ahead: Bankers cautious on the economy

© Reuters. FILE PHOTO: Charles Scharf, CEO, Wells Fargo speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. REUTERS/David Swanson/File Photo NEW YORK (Reuters) -Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to…

Credit determinations committee agrees to look into Russia’s potential failure to pay

Credit determinations committee agrees to look into Russia’s potential failure to pay

© Reuters. FILE PHOTO: A Russian rouble coin and a U.S. dollar banknote in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov LONDON (Reuters) – The EMEA Credit Derivatives Determinations Committee (CDDC) on Tuesday accepted a request to address the question of whether a potential failure to pay occurred on Russia’s hard-currency bonds, possibly…

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…