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[ad_1] Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. Collazo is an analyst focusing on the Indo-Pacific region. Follow them on X at @CurtisSChin and @JoseBCollazo. As 2023 comes to a close, we take a look at the year that was…
[ad_1] Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggests Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still…
[ad_1] Jitalia17 | E+ | Getty Images The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest Nov. 1 through April 2024, down from the 4.3% annual rate offered since May. This is breaking news. Please check back for updates. [ad_2] Source link
[ad_1] On June 2, the government had imposed stock limits on tur and urad till October 31. New Delhi: The Centre today directed the state governments to continuously monitor the prices of tur and urad and take action on those violating the stock limit order. This was conveyed in a meeting – chaired by Nidhi…
[ad_1] Shaktikanta Das said RBI is optimistic about the 6.5 per cent real GDP growth rate in fiscal 2024 Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday said the cooling off in headline inflation to 4.7 per cent during April is “very satisfying”. The governor said the release of the official data on…
[ad_1] Pfizer CEO Albert Bourla talks during a press conference with the president of the European Commission after a visit to oversee the production of the Pfizer-BioNTech Covid-19 vaccine at the factory of U.S. pharmaceutical company Pfizer, in Puurs, Belgium, April 23, 2021. John Thys | AFP | Getty Images Pfizer CEO Albert Bourla on…
[ad_1] Inflation is no longer Americans’ No. 1 concern. Nowadays, it’s the price of health care that’s making Americans sweat. Health care costs are the top concern among middle-income American households for the first time since 2021, outpacing inflation, according to a national survey from financial service provider Primerica. While more than half of survey…
[ad_1] It’s going to be tough for the Federal Reserve to beat inflation without declines in the auto and housing industries, CNBC’s Jim Cramer said on Tuesday. When the Fed raises interest rates, investors typically expect the housing, auto and retail industries to suffer. But that hasn’t been the case during this economic cycle, partially…
[ad_1] The annual figure is also down from November’s 7.1 percent spike. (File) Washington: Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed on Thursday, signaling the worst of red-hot price increases may be over. As American households struggled with decades-high inflation over the…
[ad_1] Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose…