By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased less than expected in October as services fell for the first time in nearly two years, offering more evidence that inflati[...]
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November 15, 2022
Tech, commodity stocks help Europe’s STOXX 600 close higher for fourth-day
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index closed higher on Tuesday, boosted by gains in technology and commodity stocks after softer-than-expected U.S. inflation dat[...]
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Fed’s tighter monetary policy hasn’t dented inflation yet, Bostic says
By Ann Saphir (Reuters) -Atlanta Federal Reserve President Raphael Bostic said on Tuesday he sees little evidence that the U.S. central bank’s aggressive monetary policy tightening is slowing in[...]
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Nigeria’s debt service costs to remain elevated in medium term -Fitch
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability to use fiscal policy to[...]
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Slowed producer prices another plus for Fed’s inflation fight
By Howard Schneider WASHINGTON (Reuters) – Prices paid by U.S. businesses rose less than expected in October with some key components registering an out-and-out decline, another sign inflation m[...]
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Fed’s Harker: better to pause rate hikes at the right time than risk overtightening
(Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive level to bring inflation on a path back down toward the central bank[...]
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Spanish truckers suspend strike, citing ‘harassment campaign’ by authorities
MADRID (Reuters) – A group representing part of Spain’s truck drivers said on Tuesday it was suspending an indefinite strike a day after it started. The unofficial Platform for the Defence[...]
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Oct PPI adds to relief over cooling US inflation
NEW YORK (Reuters) – U.S. producer prices increased less than expected in October, further evidence that inflation was starting to subside. The producer price index for final demand rose 0.2% la[...]
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Fed focused on addressing ‘much too high’ inflation: Cook
By Ann Saphir (Reuters) – Federal Reserve Governor Lisa Cook on Tuesday said the U.S. central bank is focused on addressing inflation that is “much too high”, and businesses and elec[...]
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