Browsing: Economy

The International Monetary Fund (IMF) has reached a staff-level agreement with Somalia for a $100 million loan, linked to economic reforms supported by a new 36-month…

Atlanta Fed President Raphael Bostic said Friday that his own projection is that inflation could come down to the central bank’s 2% target in the next…

The International Monetary Fund (IMF) has commenced its annual Article IV consultations in Oman, marking an important step in its commitment to the 190-member states. The…

DAKAR (Reuters) – The International Monetary Fund and Gambian authorities have reached a staff-level agreement on a new three-year support package of around $100 million, the…

The October jobs report on Friday showed the U.S. economy gained 150,000 positions last month, with the unemployment rate edging up to 3.9% from 3.8%. Economists…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for…

Yes, it will soon be time to fall back: Daylight-saving time ends at 2 a.m. on Sunday, Nov. 5. That means 2 a.m. becomes 1 a.m.,…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank is not thinking about lowering rates…

The numbers:  An ISM barometer of U.S. business conditions at service-oriented companies such as retailers and restaurants slowed in October to five-month low of 51.8%, suggesting the…

By Yasin Ebrahim Investing.com — The Federal Reserve kept rates steady on Wednesday as the central bank continued its cautious monetary policy approach, though stopped short…