Tag: finance

As the U.S. economy recovers from the pandemic, its growth prospects are running into high inflation and sparking fears of a recession in 2023. While the International Monetary Fund has predicted it will grow nearly 4% this year, inflation in the United States reached 8.5% in March, the highest annualized rate in 40 years. Bringing…

© Reuters. FILE PHOTO: Gita Gopinath, Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF) speaks during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido (Reuters) – Central bankers must act decisively and quickly to tackle the rise in inflation, Gita Gopinath, first deputy managing director of…

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen makes a speech about the current and future state of the U.S. and global economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving “very resilient”…

© Reuters. FILE PHOTO: The central bank headquarters building is seen in Brasilia, Brazil May 16, 2017. REUTERS/Ueslei Marcelino BRASILIA (Reuters) – Brazil’s central bank said on Wednesday it would resume data release that were suspended due to a strike by its employees, including a weekly survey seen as critical for the monetary policy conduction.…

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo/File Photo By Junko Fujita TOKYO (Reuters) -The Bank of Japan on Wednesday boosted efforts to defend its yield target, making a fresh offer…

The stock market should’ve been down Tuesday, Jim Cramer told his Mad Money viewers, but instead, we had a great run. How’d that happen? It wasn’t bonds, earnings, or housing starts that drove stock prices higher, nor was it any good news on the inflation front. The real reason for today’s rally was sentiment –…

© Reuters. FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo GLOBAL BUSINESS WEEK AHEAD By Wayne Cole SYDNEY (Reuters) – Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation…

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen makes a speech about the current and future state of the U.S. and global economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis TOKYO (Reuters) – U.S. Treasury Secretary Janet Yellen will hold a bilateral meeting with her Japanese counterpart Shunichi Suzuki…

© Reuters. FILE PHOTO: Demonstrators apply a sticker on a passing car during a protest against Sri Lankan President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 16, 2022. REUTERS/Navesh Chitr By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered…

Among the many issues confronting investors these days, inflation remains a dominant concern.  The Action Alerts Plus team looked closely at the results from March’s economic indicators. First, inflation continues to rise in most major economies worldwide. In the EU, it has topped 7 percent; the same for the UK. Australia reports 3.5 percent, which…