WASHINGTON (Reuters) – Federal Reserve officials agreed they needed to raise interest rates to a more restrictive level – and then maintain them there for some time – in order to meet their goal of lowering inflation, a readout of last month’s policy meeting showed on Wednesday. The minutes of the Sept. 20-21 meeting showed …
Fed officials worried about ending inflation battle prematurely, minutes show Read More »
By Alex Lawler LONDON (Reuters) – OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year’s figure, citing slowing economies, the resurgence of China’s COVID-19 containment measures and high inflation. Oil demand will increase by 2.64 million barrels per day (bpd) …
OPEC cuts 2022, 2023 oil demand growth view as economy slows Read More »
NEW YORK (Reuters) – Federal Reserve policymakers agreed they needed to move to a more restrictive policy stance – and then maintain that for some time – in order to meet the U.S. central bank’s goal of lowering inflation, a readout of last month’s two-day meeting showed on Wednesday. The minutes of the Sept. 20-21 …
Sept FOMC showed agreement on higher rates for longer Read More »
By Leah Douglas WASHINGTON (Reuters) – Black and other farmers of color filed a class action lawsuit against the U.S. government on Wednesday, claiming the recent repeal of a debt relief program that targeted them amounts to a breach of contract by the government. The suit comes as the U.S. Department of Agriculture (USDA) is …
Minority farmers sue U.S. government over repealed debt relief program Read More »
MOSCOW (Reuters) – Russia’s central bank is not observing an increase in proinflationary risks, Deputy Governor Alexei Zabotkin said on Wednesday, a little over two weeks before the bank is next due to decide on rates. Annual inflation in Russia slowed further in September, but consumer prices rose in month-on-month terms for the first time …
Russian central bank not seeing increase in proinflationary risks Read More »
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance Minister Magnus Brunner’s budget speech said on Wednesday. The presentation showed the budget deficit shrinking from 5.9% of GDP last year to 3.5% this …
Austria plans to bring budget deficit within 3% of GDP next year Read More »
By Nevzat Devranoglu ANKARA (Reuters) – Targeted credit policies adopted by Turkey’s central bank have this year enabled small and medium-sized businesses (SMEs) to grab their highest ever share of banking sector loans, its deputy governor said. The SMEs took 558 billion lira ($30 billion) of the 1.2 trillion lira in total corporate loans extended …
Targeted Turkish credit policies benefiting SMEs -deputy cenbank head Read More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday said she has not seen signs of financial instability in U.S. financial markets even as they have experienced high volatility amid rising interest rates and concerns about strains on liquidity. “We really haven’t seen signs of financial instability in the United States and our financial …
U.S. Treasury’s Yellen: Markets are functioning well Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Tuesday called on partners and allies to swiftly make good on their existing commitments to support Ukraine and to join the United States in doing more as Russia continues its “barbaric” attacks. Yellen expressed her condolences to Ukrainian Finance Minister Serhiy Marchenko and senior …
Yellen calls for allies to quickly disburse committed funds to Ukraine Read More »
By Devik Jain (Reuters) -European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates. The region-wide STOXX 600 index was down 0.5% by 0816 GMT. Longer-term …
European shares slide for fifth straight day on growth worries Read More »
