INFL

Fed tries to thread the needle in forecasting a ‘softish’ landing

June 13 (Reuters) – US Federal Reserve officials, beset by ongoing high inflation and a weakening growth picture, will lay out on Wednesday how they think their increasingly difficult goal of cooling the economy without sending it into a tailspin may play out in the months ahead. That thorny predicament will be on display as …

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Biden wishes Elon Musk ‘luck’ on moon trip after job cut plans

REHOBOTH BEACH, Del., June 3 (Reuters) – US President Joe Biden compared Tesla (TSLA.O) unfavorably to Ford (FN) on Friday, while sarcastically wishing Chief Executive Elon Musk “lots of luck” on his “trip to the moon” after the billionaire expressed reservations about the economy. Musk wrote in an email to executives that he has a …

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US consumer price gains slow but inflation still hot

People carrying shopping bags walk inside the King of Prussia shopping mall, as shoppers show up early for the Black Friday sales, in King of Prussia, Pennsylvania, US November 26, 2021. REUTERS/Rachel Wisniewski Register now for FREE unlimited access to Reuters.com Register Consumer prices increase 0.3% in April CPI rises 8.3% year-on-year Core CPI jumps …

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Russia makes ‘digital’ ruble, home-grown credit card push

Elvira Nabiullina, Governor of Russia’s central bank, speaks during an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russia said on Thursday it plans to have a “digital” rouble capable of making international payments ready by next year and also wants …

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Analysis: Russia’s ruble rebound not quite what it seems

Rouble rallies on Moscow Exchange to levels seen before Feb. 24 Rouble helped by emergency capital controls, cenbank rate hike Exchange rate at banks, online services remains weaker Strong rouble could pose risks for budget April 8 (Reuters) – Six weeks after Russia sent troops into Ukraine, the rouble has staged an apparently extraordinary recovery, …

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Brazil’s central bank employees go on strike, as its chief vacations in Miami

People walk in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado/File Photo Register now for FREE unlimited access to Reuters.com Register BRASILIA, April 1 (Reuters) – Brazil’s central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly popular Pix instant …

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