Tag: Central banking

As prices rise at rapid pace, Fed chief seeks patience

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WASHINGTON — For anyone watching with concern as prices surge for everything from food and gas to airplane tickets and clothes, the message from...

UK inflation rises to highest level in nearly 3 years

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LONDON — Official figures show inflation in the U.K. rising to its highest level in nearly three years because of increases in the prices...

Powell says inflation will be ‘elevated’ in coming months

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WASHINGTON — Federal Reserve Chair Jerome Powell says that inflation “will likely remain elevated in coming months" before “moderating,” an apparent acknowledgement that price...

Europe takes another step toward introducing digital euro

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The European Central Bank said Wednesday it is launching a two-year investigation on whether to introduce a digital version of the euro that would...

Fed survey: US economy strong but hindered by bottlenecks

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WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...

Europe’s central bank intensifies focus on climate change

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FRANKFORT, Germany — The European Central Bank has adopted a new approach to managing the economy that would allow the bank to tolerate transitory...

Fed officials discuss timing of reducing bond purchases

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WASHINGTON — Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have...

San Francisco Fed’s Daly: Healthy economy needs less support

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WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...

Mexican migrants sent home a record $4.5 billion in May

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MEXICO CITY — Mexicans living abroad sent home a record amount of money in May, topping $4.5 billion in a month for the first...

All big banks pass latest Federal Reserve ‘stress tests’

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NEW YORK — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday...