Browsing: Economy

By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% for a fifth consecutive meeting on Thursday and…

SYDNEY (Reuters) -Australia’s unemployment rate needs to rise to help contain inflation and avoid higher interest rates and a deep recession, a top central banker warned…

Federal Reserve Chair Jerome Powell on Wednesday told Congress that, with U.S. inflation well above target, more interest rates are likely this year, although he did…

The U.S. government is approving lab-grown meat sales to the public for the first time. “Cultivated” meat producers UPSIDE Foods and GOOD Meat received approval from…

By Leigh Thomas and Simon Jessop PARIS (Reuters) – French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for…

More proof that Queen Bey may be running the global economy sidled in on Wednesday. The U.K. reported consumer prices stuck at 8.7% year-over-year in May,…

By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of…

Congress may need to consider taking away the Federal Reserve’s historic role in supervising banks, said Rep. Patrick McHenry, the chair of the House Financial Services…

(Reuters) – HSBC on Tuesday lowered China’s economic growth forecast for this year, citing drag from the property sector, and tempered business and household confidence. The…

Fed Chairman Jerome Powell on Wednesday said conditions are in place for inflation to come down in the housing sector. “We think housing inflation will be…