Federal Reserve officials opened the door to more aggressive interest-rate increases over the coming months, after faster-than-expected inflation in October injected a new sense of urgency into the central bank’s bid to tame prices.
The European Central Bank shouldn’t adjust the run-off of its bond holdings or deploy its crisis tool to help France with its budget problems, Chief Economist Philip Lane said.
The European Central Bank should raise borrowing costs again at its next meeting if the data don’t shift in the weeks ahead, Chief Economist Philip Lane said.
Norway’s underlying inflation eased last month as estimated, reducing the chances of another interest-rate hike next month by the nation’s central bank.
French unemployment declined slightly in the third quarter, offering some relief for an economy close to recession that’s facing headwinds from protests and budget uncertainty.
Carol Lye, Portfolio Manager and Senior Research Analyst at Franklin Templeton, says moderating US inflation combined with a possible deceleration in artificial intelligence infrastructure spending could give the Fed reason to pause its rate-hike cycle. (Source: Bloomberg)
China’s trade surplus ballooned to just over $1 trillion for the year despite the biggest surge in imports since 2021, with an increasingly lopsided relationship with the European Union accounting for nearly a third of the overall imbalance.
New Zealand inflation expectations are above target and will be key for policymakers ahead of the December interest-rate decision, according to Reserve Bank Chief Economist Paul Conway.
The Bank of Japan’s brief record of the latest policy meeting indicated many board members see a near-term interest rate hike as necessary, signaling there’s a good chance for a December move.
Colombia is negotiating to borrow around $15 billion from the International Monetary Fund as the government seeks to stabilize its strained finances, according to people familiar with the matter.
Japanese Prime Minister Sanae Takaichi is on the hunt for new tools to help implement her ambitious economic agenda, but shifting the rules to unlock more cash to fund it could bring fresh risks.
The Bank of France said it expects the economy to return to growth at a moderate pace in the fourth quarter, but flagged unusually high uncertainty following protests and unrest that peaked with looting in October.
Bank of England Governor Andrew Bailey has encouraged the UK to pursue any opportunity for greater trade and market access, ahead of a crucial round of talks between government ministers and representatives of the European Union.
Italy advanced a plan to reimburse gas-fired power plants for part of their fuel costs, as Premier Giorgia Meloni seeks to weaken the link between gas and electricity prices and curb energy bills ahead of a general election next year.
Federal Reserve Bank of Richmond President Tom Barkin signaled robust demand and stubbornly high inflation mean interest rates will need to go higher, though he cautioned that any hikes will need to be done at a careful pace.
Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers need to tackle a potential overheating in the economy from the artificial intelligence build-out and a broadening of inflation pressures.
Americans’ expectations for inflation were unchanged last month, but their outlook for unemployment was the worst since 2020, according to a Federal Reserve Bank of New York survey released Monday.
French Prime Minister Sébastien Lecornu said the government will raise the minimum wage as it seeks to respond to protests over the cost of living without further straining fragile public finances.
