By Ankur Banerjee SINGAPORE (Reuters) -The dollar was firm on Thursday after hotter-than-expected U.S. inflation data squashed lingering expectations of the Fed starting its rate-cutting cycle in June, while the yen languished at the levels last seen in the middle of 1990. Investor focus will now be on U.S. producer price data and the European […]
Goolsbee Sees More ‘Trade-Offs’ Ahead After Hot Inflation Report 1 hr 4 min ago An accelerating inflation rate may force the Federal Reserve to more carefully balance its efforts to reduce price pressures and keep unemployment low, Chicago Fed President Austan Goolsbee said at an event today. Inflation data over the first three months was […]
5 things to start your day 1) Biggest North Sea oil find in decades to be drilled for first time | Sites expected to produce 500m barrels of oil despite net zero crackdown 2) Cyber attacks risk triggering bank runs, warns IMF | Research shows the number of malicious attacks has doubled since the […]
The concept adaptive reuse is the practice of repurposing abandoned, older structures for a different purpose than what they were originally intended for with the express purpose of extending the building’s life. @russell witherington – adobe.stock.com Increasingly, companies are mandating their employees return to the office, leading to a messy stalemate between managers and workers. […]
Thailand’s Economic Reinvention to Fight Tough Demographics Bloomberg Read the full article…
The BRICS alliance is working towards the creation of an alternative payment system for the US and the Western-dominated SWIFT. The system is currently under work and more details about its development could be revealed in the next summit in October. The US dollar will not be integrated into the SWIFT alternative payment system of […]
Rising petroleum prices could significantly erode disposable income and potentially undermine the strong U.S. economy. The impact of gas prices on household budgets has had severe consequences for the economy in the past. For example, during the 2008 financial crisis, a sharp increase in oil and gas prices contributed to a steep economic downturn. Similarly, […]
Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight. The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion globally last year in assets and committed capital. About three-quarters of this was […]
The economy is booming, and yet last year’s deficit was 6.3 percent of gross domestic product. If you correct for some odd accounting surrounding the Biden administration’s decision to forgive billions of dollars’ worth of student loans, it was more like 7.7 percent. The unemployment rate is 3.8 percent, yet this year the federal government […]
This week, get ready to dive into another plenary session of the European Parliament and an agenda packed with economic and financial issues, ahead of a special EU summit in Brussels (17-18 April) that will focus on competitiveness and the economy. First up, MEPs will meet in the Belgian capital on Wednesday and Thursday (10-11 […]
