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ECB to zoom in on inflation expectations, wages: Lagarde

ECB to zoom in on inflation expectations, wages: Lagarde

© Reuters. President of the European Central Bank Christine Lagarde looks on as she attends a Euro zone finance ministers meeting in Luxembourg, October 4, 2021. REUTERS/Yves Herman FRANKFURT (Reuters) – The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is…

Turkey to open 1,000 markets to counter high inflation, Erdogan says

Turkey to open 1,000 markets to counter high inflation, Erdogan says

© Reuters. Turkey’s President Tayyip Erdogan addresses members of parliament as he attends the reopening of the Turkish parliament after the summer recess in Ankara, Turkey, October 1, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS By Azra Ceylan and Jonathan Spicer ISTANBUL (Reuters) -President Tayyip Erdogan said on Sunday Turkey had ordered agricultural cooperatives to open about…

Fed’s Harker says he worries inflation won’t be as transient as expected

Fed’s Harker says he worries inflation won’t be as transient as expected

© Reuters. FILE PHOTO: Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo NEW YORK (Reuters) – While he does not expect inflation to spiral out of control, Philadelphia Federal Reserve Bank President Patrick Harker said he is worried inflationary pressures may not be as transient as expected. “I…

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

© Reuters. FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUT By Howard Schneider (Reuters) -Resolving “tension” between high inflation and still-elevated unemployment is the…