Tag: Economic

© 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…

© Reuters. A woman walks past closed shops at the Thanon Mitr Market, amid the spread of the coronavirus disease (COVID-19), in Bangkok, Thailand, January 19, 2021. REUTERS/Chalinee Thirasupa/Files BANGKOK (Reuters) – Thailand’s economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in COVID-19 cases…

COVINGTON, Ky., Sept. 27, 2021 /PRNewswire/ — Commonwealth Hotels announced Cristian Teusan and Nicole Coghlan have been appointed area directors of operations.  Teusan and Coghlan will provide operational and sales leadership support to their respective regions. “Cristian Teusan has been an exemplary general manager in the full service region and navigated his property through the…

© Reuters. FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon/File Photo By Leika Kihara TOKYO (Reuters) – The Bank of Japan would continue to focus on cushioning the economic blow from the coronavirus pandemic, given lingering uncertainty over the outlook and subdued inflation,…

Stocks are going to suffer as inflation heats up and the Federal Reserve is forced to tighten policy faster than expected, market guru Jeremy Siegel says.“For next year we’re going to have much more inflation,” the finance professor at the University of Pennsylvania’s Wharton School told CNBC. “When you see worse inflation, the Fed is…

© Reuters. FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File Photo By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – European Central Bank policymakers are bracing for inflation to exceed the bank’s already raised estimates, paving the way for it to end its emergency bond…

© Reuters. FILE PHOTO: The Hungarian national flag and the flag of the European Union fly on the building of the National Bank of Hungary in Budapest January 10, 2013. REUTERS/Laszlo Balogh By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) -Hungary’s central bank raised its base rate on Tuesday by a smaller-than-expected 15 basis points…

© Reuters. Christian Democratic Union (CDU) candidate for chancellor Armin Laschet holds a news conference in Berlin, Germany, September 13, 2021. REUTERS/Michele Tantussi FRANKFURT (Reuters) -Armin Laschet, the conservative candidate bidding to succeed German Chancellor Angela Merkel in this month’s election, said he was confident the European Central Bank (ECB) would achieve price stability, as…

© Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York, U.S., September 27, 2019. REUTERS/Gary He/File Photo FRANKFURT (Reuters) -European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal…

© Reuters. FILE PHOTO: Sales on clothing and shoes are advertised at the entrance to a Forever 21 fashion retail store in downtown Toronto, Ontario, Canada September 30, 2019. REUTERS/Chris Helgren By Julie Gordon OTTAWA (Reuters) -Canada’s annual inflation rate accelerated to an 18-year-high in August, driven by broad upward price pressures, data showed on…