Argentina’s economy is on track to enter a technical recession after a lukewarm recovery in August failed to make up for steeper losses in July, adding to President Javier Milei’s challenges ahead of next year’s election.
Former Treasury Secretary Robert Rubin warned that the artificial-intelligence investment boom could bring major productivity gains but also create financial and social risks that markets may not be fully pricing.
All 19 Federal Reserve officials backed the decision in September to raise interest rates, with many supporting the move to guard against the risk of intensifying inflation pressures.
Americans’ expectations for inflation in the short-term jumped last month while their sentiment toward the labor market improved, according to a Federal Reserve Bank of New York survey released Wednesday.
Bangladesh’s gross domestic product expanded 4.60% in the April-June quarter, compared with the 2.05% pace a year earlier, according to provisional data released by the Bureau of Statistics Wednesday.
Kenya’s central bank kept its benchmark rate unchanged as policymakers took a wait-and-see approach in assessing what impact energy shocks stemming from the Iran war will have on the economy and inflation.
Poland’s central bank kept interest rates on hold for a seventh month after the government cut fuel prices, easing inflationary pressures for the time being.
Indian households expect inflation to rise sharply over the next three months and one year, reflecting concerns over price pressures that prompted the central bank to increase the benchmark rate for the first time in nearly four years.
Democratic Senator Elizabeth Warren issued a series of questions to Treasury Secretary Scott Bessent on what she dubbed “unprecedented and chaotic” interventions in the US Treasuries market.
Global goods trade is withstanding the drags of tariffs, wars and geopolitical rifts, fueled by the boom in demand for artificial intelligence gear and staying resilient as the US and China rewire their economic dependencies, a new report showed.
China warned the European Union it has several tools including foreign-subsidy probes and anti-discrimination measures at its disposal if trade tensions worsen, according to a social media account affiliated with its state broadcaster.
From street protests to a bond market rout, France’s multiple crises are threatening to drag the European Central Bank into the kind of faceoff with investors that it hasn’t seen since the euro area’s debt crisis more than a decade ago.
Ghanaian inflation accelerated slightly as service price-growth picked up pace, hardening expectations the central bank will keep interest rates on hold.
Peru’s central bank is expected to lift interest rates Wednesday for the first time in more than three years as inflation remains above target and heavy rains may hit food prices.
Federal Reserve Chair Kevin Warsh got a thumbs-up from the head of the International Monetary Fund for taking the pursuit of price stability seriously.
Vietnam’s central bank is facing mounting pressure to keep interest rates stable as the Iran conflict fuels inflation and raises banks’ funding costs, while the government’s 10% growth push drives credit demand.
