Inflation
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News
US Fed likely to pause again with rates at 22-year high
WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday (Nov 1),…
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News
For the second Halloween in a row, US candy inflation hits double digits
Spooked by the high price of Halloween candy? There’s not much relief in sight. For the second year in a…
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News
Federal Reserve preferred inflation gauge shows persistent underlying price pressures
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September…
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Asia
Japan’s Kishida vows measures to cushion blow from rising inflation
TOKYO: Japanese Prime Minister Fumio Kishida pledged on Monday (Oct 23) to compensate households for the rising cost of living…
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United Kingdom
Cost of living and hot weather cause retail sales to fall in UK
The cost of living crisis keeps on curtailing consumers’ ability to spend on non-essential items. This autumn’s exceptionally hot weather…
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United Kingdom
UK inflation remains unchanged but still way above target
The UK has the highest rate of inflation in the G7, with the EU due to release its own inflation…
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News
Retail sales up 0.7% in September as American consumers defy rising prices, interest
NEW YORK — Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even…
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News
IMF outlook worsens for a world economy left ‘limping’ by shocks like Russia’s war
The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical…
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News
Federal Reserve officials: Bond yields spike may allow central bank to leave rates
WASHINGTON — Two Federal Reserve officials suggested Monday that the central bank may leave interest rates unchanged at its next…
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News
US employers added a surprisingly strong 336,000 jobs in September
WASHINGTON — The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain…
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