Taiwan Central Bank Holds Rates Steady Despite Higher Energy Costs
Consumer inflation has come in above the central bank’s 2% warning level for four months, but strong growth fueled by
Economics
Investors have been betting the Fed is at the start of a series of interest-rate increases. On Wednesday, Chairman Kevin Warsh gave them little reason to think otherwise.
Economists said the Fed chairman’s view that policy isn’t restraining the economy, and his emphasis on the energy shock, argue
President Trump said he was standing by Federal Reserve Chairman Kevin Warsh and that he spoke to him just before the central bank unanimously voted to raise interest rates
The president said he spoke to Fed Chairman Kevin Warsh ahead of Wednesday’s decision. Source link
Brazil’s Central Bank Lowers For Fifth Straight Meeting as Inflation Cools
The bank’s monetary committee cut the Selic benchmark rate to 13.75% from 14%, as expected. Source link
The Fed voted unanimously to raise rates for the first time in three years, and most officials projected one more increase by year-end
Most officials penciled in one more increase this year. An energy shock and a surge of AI investment have reshaped
Solid Economic Data Show U.S. Economy Running Hot Ahead of Fed Decision
The robust gain in retail sales added to a string of hot economic data in August, supporting the notion the
U.S. Retail Sales Rebound in Show of Consumer Strength
Retailers’ sales rose by 1.2% last month, versus the 0.5% decrease recorded in July. The August reading was higher than
Canada Housing Starts Edge Down in August
Housing starts across Canada came in at a seasonally adjusted annualized rate in August of 229,046 units, a 0.1% dip
Eurozone Industrial Production Fell at Start of Third Quarter
The data highlights the uneven nature of the region’s recovery as manufacturers contend with higher energy costs despite signs of
U.K. Inflation Rises Ahead of BOE Rate Call
Inflation accelerated again in August to its highest level since March, keeping price pressures well above the Bank of England’s