The International Monetary Fund lifted its global inflation forecast for next year and called for central banks to keep policy tight until there’s a durable easing in price pressures.Source: Bloomberg
Oil steadied after its biggest jump in six months as Israel said its retaliation for attacks by militant group Hamas over the weekend had “only started,” increasing the prospect of fresh instability...
10/10/2023
Oil jumped to head back toward $90 a barrel after Hamas’ surprise attack on Israel triggered fears of a supply shock. Gold gained along with the dollar on haven bids.Source: Bloomberg
09/10/2023
The Federal Reserve may be putting its hoped-for soft landing of the economy at risk by tacitly accepting a run-up in long-term interest rates to the highest levels since 2007.Source: Bloomberg
06/10/2023
Oil prices plunged by more than $5 a barrel on Wednesday over concerns that sharp increases in borrowing costs caused by higher interest rates could dent economic growth.Brent crude, the global...
05/10/2023
Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force...
04/10/2023
Jamie Dimon said artificial intelligence is already being used by thousands of employees at his bank, and is likely to make dramatic improvements in workers’ quality of life, even if it eliminates...
03/10/2023
Cyprus may have legislation with strong features on paper for the prevention of corruption in respect of top executive officials but its effectiveness is compromised by institutional flaws, the...
02/10/2023
Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress.Source: Bloomberg
02/10/2023
The Federal Reserve’s ability to influence the economy depends on whether “people understand what we are saying,” Chair Jerome Powell said, highlighting the importance of work done by economic...
29/09/2023