White House National Economic Council Director Kevin Hassett suggested that, while the US economy is now on track for strong growth, “outside” factors could get in the way of the administration’s hopes for at least a 3% expansion rate.
Federal Reserve Governor Lisa Cook said future productivity gains from artificial intelligence may not be enough to offset near-term price pressures, warning this trend could drive up inflation across the economy.
Zimbabwe’s central bank reduced its interest rate for a second time in a row, bucking a global trend toward keeping borrowing costs higher for longer as the US-Iran standoff keeps energy prices elevated.
Canadian consumer confidence showed little sign of improvement in late September, as uncertainty over oil prices and a riskier interest rate outlook continued to weigh on households that were already feeling pessimistic.
Chile President José Antonio Kast unveiled measures on Monday to combat the nation’s highest unemployment rate in five years, as a weak labor market and sluggish economy dent his administration’s support.
The Federal Reserve’s internal watchdog warned the central bank needs to tighten oversight of classified information after a departing employee potentially removed classified information.
Prime Minister Giorgia Meloni’s upcoming budget will lay out multiple tax cuts, while aiming to reassure investors that Italy’s finances will remain under control.
Rising bond yields will curb economic expansion and limit the transfer of elevated energy costs to inflation, European Central Bank President Christine Lagarde said.
Colombia’s new government is opening talks with the International Monetary Fund as it grapples with a fiscal crisis that officials have described as the worst in the nation’s history.
The South African Reserve Bank expects inflation will cool sharply and return to its 3% target by the end of next year, Governor Lesetja Kganyago said.
John Healey set out an optimistic vision of Britain during a speech on Monday, with more jobs, bigger industries and a world-class AI sector. Still, the Chancellor of the Exchequer was careful to warn his Labour Party colleagues that none of this would be possible without a tight rein on the public finances.
Key economic reports due this week are expected to add further evidence that the US economy is strengthening, bolstering arguments from several Federal Reserve officials that interest rates should be higher.
Britain’s economic inactivity crisis was less severe than initially thought, according to new estimates that rewrite the recent history of the labor market.
JPMorgan Chase & Co. expects Thailand’s central bank to raise interest rates three times next year, a sharp break with consensus that would unwind some of the world’s most accommodative monetary policy.
South Africa and Zimbabwe are discussing a $500 million dam project to supply water to an industrial hub near their border, according to documents seen by Bloomberg.
Any expansion of Japan’s defense spending will likely be spread over many years and shouldn’t become a source of significant market anxiety in any single year, according to a member of a panel that advises Prime Minister Sanae Takaichi.