Fed’s Powell warns slower economic growth may be needed to cool high inflation
Federal Reserve Chair Jerome Powell on Thursday lauded recent declines in inflation but warned that consumer prices remain "too high"...
Economy
Israel could get $10 billion and Ukraine $60 billion under Biden request
President Joe Biden is expected to ask Congress to approve about $10 billion in military aid to Israel and some...
BOJ seen lifting inflation forecasts as pressure on policy grows
By Leika Kihara TOKYO (Reuters) - The Bank of Japan is expected to raise its inflation forecasts this month to...
Elon Musk says he’s worried about the ‘high interest rate environment we’re in’
Tesla CEO Elon Musk said during the EV maker’s earnings call on Wednesday that he is concerned about the impact...
House speaker election: Jordan says he’s aiming for third vote, as measure backing McHenry stalls
Rep. Jim Jordan’s push to become the next speaker of the U.S. House of Representatives looked stuck Thursday, but the...
UK inflation remains steady, complicating Bank of England’s task
The United Kingdom's consumer price index (CPI) for September has risen by 6.7% year-on-year, matching the previous month's increase and...
Powell says more strong data like September reports could warrant further interest-rate hikes
Federal Reserve Chairman Jerome Powell on Thursday said that the central bank is “attentive” to the recent economic data that...
UK inflation steady at 6.7% sparking BOE rate hike concerns
The UK's inflation rate for September 2023 remained steady at 6.7%, contradicting earlier predictions of a dip to 6.6%, according...
Rite Aid closing 154 stores in 15 states: Here’s the list
Rite Aid Corp., which recently filed for Chapter 11 bankruptcy, plans to shutter 154 stores as part of its financial...
RBI revamps KYC guidelines, reinforcing customer verification
In a move to bolster customer verification mechanisms, the Reserve Bank of India (RBI) has overhauled its 'Master' Know Your...
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