(This Dec. 21 story has been corrected to show that the proposed bill would subject the Fed general counsel to Senate confirmation, not the Fed inspector general in paragraph 5) By Michael S. Derby NE[...]
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December 23, 2022
European shares end the week before Christmas higher
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -Europe’s STOXX 600 was subdued on Friday in thin pre-holiday trading after a turbulent week where hopes of an improving economic outlook o[...]
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Global central banks deliver historic rate hike blast in 2022
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major central banks ramped up interest rates at the fastest pace and biggest scale in at least two decades in 2022 as policy makers we[...]
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More than a million Belgians set for 11% pay rises
(Reuters) – More than a million Belgians will get automatic pay rises of around 11% in January, the most in half a century, to keep pay in line with inflation, HR services providers SD Worx and[...]
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Despite progress, Fed remains focused on inflation fight as 2023 rolls in
By Lindsay Dunsmuir (Reuters) -After a year in which a U.S. inflation surge forced the Federal Reserve to supersize its interest rate hikes, the latest evidence price pressures are now abating will al[...]
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U.S. new home sales increase again in November
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives from de[...]
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Canada’s economy slows in October, but still resilient after rate hikes
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew by 0.1% in October and is expected to expand at the same pace in November, data showed on Friday, a sign that the full im[...]
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Global equity funds see biggest weekly outflows since March 2020 -Lipper
(Reuters) – Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation. Data fr[...]
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Zimbabwe’s night markets cushion crisis-weary citizens from inflation
By Nyasha Chingono HARARE (Reuters) – As dusk descends on the dimly lit central business district of Zimbabwe’s capital Harare, a steady stream of home-bound workers flows into a sea of in[...]
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