Two Federal Reserve officials, including Vice Chair Philip Jefferson, suggested policymakers should take more time before deciding whether additional interest-rate increases are needed to slow inflation.
Senegal’s bilateral creditors have agreed to establish an official creditor committee next week, clearing a key hurdle toward negotiations on restructuring the West African nation’s debt.
The economic impact of climate change is undeniable and must be factored into monetary policy, according to European Central Bank Governing Council member Olaf Sleijpen.
US manufacturing activity expanded at a slightly slower pace in September as factories balanced robust demand with resurgent costs and shipping delays.
Inflation in Peru’s capital accelerated to the fastest pace in three years in September, remaining stubbornly outside the target range and boosting pressure on the central bank.
Bank of England interest rate-setter Catherine Mann said a hike is needed to manage inflationary risks as financial conditions are still not tight enough.
Applications for US unemployment benefits edged down to the lowest level since July, while continuing claims dropped to a three-year low, indicating healthy labor-market conditions.
Brazil’s main steel association warned that imports still pose a threat, even with inbound shipments poised to fall 15% this year after anti-dumping measures against China.
Belgium’s five government parties are negotiating “in good faith” to reach a budget agreement, Deputy Prime Minister David Clarinval has said, as the country races to reach a deal before a mid-October deadline.
Chile’s economic activity unexpectedly fell in August as lingering effects from winter storms caused mining output to plunge, extending a slump that is dogging President José Antonio Kast’s administration.
Federal Reserve Bank of Minneapolis President Neel Kashkari said he doesn’t know how high interest rates will have to go to cool prices, adding it’s the central bank’s job to tame inflation after five years of supply shocks.
France’s fiscal watchdog warned that the economic assumptions enshrined in the 2027 draft budget are “optimistic,” raising risks for plans to reduce a bloated deficit.
Russia plans increased military spending for at least three years forcing the government to scour everything from mining windfalls to proceeds from the sale of seized assets for revenue as the war on Ukraine continues to reshape the country’s finances.
France’s government unveiled plans to sharply narrow the budget deficit by restraining spending and raising tax revenues, kicking off a debate that risks toppling the prime minister and stoking investor concern over the country’s debt.
Britain’s population rose at the slowest pace in almost three decades, when excluding the pandemic, as net migration tumbled and births barely exceeded deaths.
Greece’s government expects its economy to expand by 2% this year and then slightly faster than that in 2027, according to people familiar with the matter.
Pakistan’s inflation remained elevated in September as the Middle East conflict kept energy costs high and disrupted supplies from the Gulf, complicating the outlook for the central bank.
Japanese Prime Minister Sanae Takaichi’s government plans to hammer out the detailed costs associated with the first five years of its $2.3 trillion, 14-year investment initiative, a first step toward clearing up uncertainty surrounding the sweeping program.
