Bank of Canada rate hikes may end amid declining inflation
The Bank of Canada's series of interest rate hikes, initiated to combat inflation, may be reaching its end as recent...
Economy
US budget gap soars to $1.7 trillion, largest outside COVID era
The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior...
Defense spending boosts economy as U.S. mulls more aid for Ukraine and Israel
The U.S. economy has gotten a pop from higher defense spending since the late spring. Now a new conflict in...
Explainer-Biden combines billions in chipmaking grants with China curbs to keep US ahead
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration's latest round of export curbs on China is part of a...
Japan’s overall consumer inflation rises 3% in September
TOKYO — Japan’s overall consumer prices rose 3% from a year earlier in September, government data showed Friday. The figure...
Russia may need tighter policy to bring inflation to target -c. bank analysts
MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank’s 4% target may require...
Israel, Ukraine aid could run up against House dysfunction, making for ‘tragedy’: analyst
President Joe Biden’s urgent request for funding for Israel and Ukraine with those two nations at war could quickly run...
Canadian inflation eases, central bank may hold rates steady
Canadian inflation slowed to an annualized 3.8% in September, marking the end of a two-month surge in price pressures across...
Fed has to get away from meeting-by-meeting ‘guessing game’ on interest rates, Mester says
Cleveland Federal Reserve President Loretta Mester said Friday that the central bank will have to find a way next year...
Bank of Israel Acts to Stabilize Shekel Amidst Escalating Conflict
On Tuesday, amid the escalating Arab-Israeli conflict sparked by a Hamas assault on Israel, the Bank of Israel initiated measures...
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