WASHINGTON (Reuters) – The U.S. House of Representatives’ Rules Committee will begin the process of funding the federal government for one additional week, the panel’s chair said on[...]
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December 13, 2022
Fed seen slowing rate hikes, likely ending them below 5%
By Ann Saphir (Reuters) – U.S. central bankers began their last policy-setting meeting of the year Tuesday with data suggesting inflation is finally cooling, allowing them to slow their interest[...]
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European shares hit over one-week highs on U.S. CPI relief
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares climbed on Tuesday after softer-than-expected U.S. inflation data spurred bets that the Federal Reserve would scale back the siz[...]
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As workers strike, UK public sector pay hits 19-year low in real terms
By Andy Bruce LONDON (Reuters) – Average pay for British public sector workers fell to a 19-year low in October, after adjusting for inflation, according to official data on Tuesday that undersc[...]
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Biden: Inflation coming down, more work to be done
WASHINGTON (Reuters) – President Joe Biden said on Tuesday that inflation in the United States was coming down and things were headed in the right direction even as more work remained to be done[...]
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Ghana expects $3 billion IMF loan approval early in 2023
By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – The International Monetary Fund (IMF) is poised to lend Ghana $3 billion as the African nation grapples with its worst economic crisis in[...]
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Wall St jumps at open as CPI data calms rate-hike jitters
(Reuters) – Wall Street’s main indexes opened sharply higher on Tuesday after a smaller-than-expected rise in U.S. consumer prices raised hopes that the Federal Reserve could soften its ag[...]
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Czech policymaker Dedek says steady rates needed as inflation peaks
By Robert Muller PRAGUE (Reuters) – The Czech National Bank can hold off on interest rate rises as inflation is peaking, although any loosening of monetary policy is still way off, one of its po[...]
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Nov U.S. CPI cools down, spelling relief for markets
NEW YORK (Reuters) – U.S consumer prices barely rose in November amid declines in the cost of gasoline and used cars, leading to the smallest annual increase in inflation in nearly a year, which[...]
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