Central banks ought to own up for delivering on price stability and must be given the independence to act for achieving it, a top official from the Federal Reserve Bank of New York said on Friday. In a talk at the Reserve Bank of India (RBI) headquarters, the Federal Reserve Bank of New York President…
READ MOREU.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year. The report from the Commerce Department on Friday also showed consumer spending rose marginally…
READ MOREThe global economy has been plagued by multiple crises in the last four years. The Covid-19 pandemic, the Russian attack on Ukraine, the synchronized monetary tightening by the central banks of the world and the Israel-Gaza conflict β all happening within a short span of four years has turned out to be a time of…
READ MORESINGAPORE: Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S….
READ MOREAsia shares were subdued on Monday in a countdown for U.S. price data that investors hope will show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention as the dollar tested the 160 yen barrier. Geopolitics also loomed large, with the first U.S. presidential debate on Thursday and the first…
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