Tag: inflation
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BOJ chief vows to keep raising rates, anchor inflation around target
BANGKOK, Oct 16 : Bank of Japan Governor Kazuo Ueda said on Friday the central bank will focus on anchoring underlying inflation around its 2 per cent target and won’t tolerate any overshoot, stressing anew its resolve to continue raising interest rates.Ueda also said recent domestic data and discussions he h
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Global inflation debate puts BOJ rate-hike pace in spotlight
BANGKOK, Oct 16 : The Bank of Japan may face renewed pressure to increase the pace of interest rate hikes ahead of a key rate review this month, after global inflationary pressures from the Iran war and AI-driven demand shock dominated discussions at this week’s IMF meetings.BOJ Governor Kazuo Ueda will bring
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BOJ chief flags inflation overshoot risk, stresses importance of 2% anchor
TOKYO, Oct 16 : Bank of Japan Governor Kazuo Ueda on Friday reiterated the risks of underlying inflation overshooting the central bank’s 2 per cent target, stressing the growing importance of keeping price pressures anchored around that level.In a speech read out by Deputy Governor Shinichi Uchida at a meetin
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Fed’s Warsh says AI path will be ‘very bumpy’ but ultimately ‘very good’ for wealth
Warsh said he’s optimistic that AI will make economies that use it well more productive and wealthier, warning the road there will be “very bumpy.”
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Dollar retreats from 18-month high despite strong inflation data
NEW YORK/LONDON, Oct 15 : The dollar retreated from an 18-month peak on Thursday as investors looked past strong US inflation and spending data to focus on a shakeout in the securities of AI data center firms.US producer prices rose by the most in 4-1/2 years in September as goods and services costs increas
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Asian markets sell off after US inflation fuels rate hike bets
Seoul and Tokyo bore the brunt of the selling as traders bailed out of once-imperious chipmakers.
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US inflation heats up in September; Fed rate hike this month back on table
WASHINGTON: US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to US President Donald Trump and his Republican Party ahead of the Nov 3 midterm elections and putting an interest rate increa
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How high inflation became a ‘fact of life’ in the U.S.
U.S. inflation has stayed elevated for years, raising concern at the Federal Reserve that consumers may come to expect stubbornly high prices.
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Social Security Administration announces 3.6% cost-of-living adjustment for 2027
With a 3.6% COLA for 2027, Social Security retirement benefit checks will go up by $75 per month, on average, the agency said.
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US inflation rises more than expected ahead of midterm elections
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
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