In 2027, the Federal Reserve will begin a transition to holding fewer policy meetings a year, a change that seems monumental for such a staid institution, but one that will actually return the US central bank to bygone ways of operating.
The European Central Bank is looking at all data arriving before its final interest-rate meeting of the year, Chief Economist Philip Lane said as markets continue to lean toward a hike.
Federal Reserve Bank of New York President John Williams endorsed the US central bank’s statement saying that this is the time to collect information on the risks to prices.
Angola’s central bank expects to keep inflation under control after bringing it down to single digits, avoiding a repeat of previous episodes when prices surged again.
Brightly colored boxes of sweets are piling up in shops, offices and homes across India, as they always do around this time. The country is preparing to celebrate Diwali, the main Hindu festival of the year, and exchanging treats is one of the defining rituals.
The race to succeed European Central Bank President Christine Lagarde is set to enter a new phase on Friday with a deadline revealing the field of candidates.
The Philippines’ farm output shrank by a record in the third quarter following a sharp drop in rice harvests, signaling more strain for an economy that’s among the region’s laggards.
Thailand’s inflation breached the central bank’s target ceiling for the first time in more than three years as higher oil prices and flood-related food costs intensified price pressures, though officials signaled the price spike may be temporary.
Japanese Prime Minister Sanae Takaichi said the government should use additional proceeds from the Bank of Japan’s accelerated sales of exchange-traded funds to finance investments in sectors that are critical for the country’s economic security.
The dollar has emerged from the aftermath of the US midterms with some currency strategists saying the drivers for its rally to a 17-month high last month remain largely intact.
Japanese workers’ nominal wages rose at the fastest pace in almost three decades, underscoring sustained momentum in pay growth that will keep the Bank of Japan on track to hike interest rates as soon as December.
The White House plans to nominate Rebekah Goshorn Jurata to serve as the US Treasury’s assistant secretary for financial institutions after Luke Pettit left the role in October, according to people familiar with the matter.
In this Bloomberg Originals mini-documentary, we explain how a nation lost its way courtesy of stagnant growth, high cost-of-living and an extreme housing market.
Canada’s government plans to launch new, guaranteed securities for investors early next year to seed a sovereign wealth fund, which will be able to use the money to buy equity stakes in companies including technology firms.
Prime Minister Mark Carney’s government is earmarking tens of billions of dollars to reduce homelessness and expand the country’s social housing stock, and says it will loosen the foreign buyer ban to allow new home purchases.
President Luiz Inácio Lula da Silva kicked off discussions over economic policy for his next term by meeting with a group of left-leaning economists, including former Finance Minister Guido Mantega, a choice that risks deepening investor concerns about his approach to fiscal issues.
