Tag: breaking news
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Fed approves interest rate hike, signals one more to come this year
The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.
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Ukraine’s message to Asian nations: your chips are turning up in Russian missiles
Ukraine’s sanctions envoy said Russia could be forced to retreat from the war within six months if its oil revenues are halved.
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Indonesia’s new finance minister faces an uphill battle on fiscal credibility
Nazara, sworn in hours after Purbaya’s dismissal, spent seven years as deputy finance minister and led the ministry’s fiscal policy agency from 2015 to 2019.
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Wealthy Chinese, tech talent confront tighter borders as Beijing widens exit controls
China’s new border-control regulations are designed to keep two of its most valuable assets from leaving the country: money and talent.
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Mitch McConnell returns to Senate after three-month health absence
The 84-year-old Kentucky Republican is back in Washington after a fall, hospitalization, pneumonia and weeks of rehabilitation kept him away from the Senate.
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Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
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India’s inflation rises to 4.82% in August, marginally exceeding forecasts
India’s inflation in August accelerated for the tenth month straight to 4.82% in August amid rising food and fuel prices.
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Consumer outlook plunges in September as inflation outlook worsens
The survey’s headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.
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Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
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China’s global hunt for tax revenue may be just getting started
Beijing’s recent push to tax offshore wealth may be only the opening phase of a broader campaign that could eventually reach overseas properties, inheritances.
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