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It's evidence of how far alarm about the decline of the dollar's global role has spread that even Liz Truss, whose salad days as UK prime minister lasted less than seven weeks, cites it as one of her major fears. Then again, given Truss's record on understanding financial markets and delivering a stable currency, you might also say that's strong evidence that the concerns are misplaced.
A recent CNBC article [link] captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025. All this comes after the Fed’s Chairman, Jerome Powell, said that there’s been a “lack of further progress” on the Fed’s fight against inflation and that it’s going to take even longer than expected to back off the high rates needed to contain the inflationary risk. Analysts in the article point to Mr. Powell’s desire to see sustained evidence of inflation’s demise across consecutive months, with one analyst from Moody’s saying that even if the US saw three straight months of 2% or lower inflation, the earliest the Fed could begin cutting rates would be five months from now in September.
TOKYO, Japan — Japanese inflation slowed to 2.6 percent in March, largely in line with market expectations, data showed Friday.
In the wake of economic challenges such as inflation, Senator Christopher "Bong" Go has emphasized the urgent need for substantial government intervention to support impoverished communities, particularly Filipino farmers who are currently facing severe drought conditions.
WASHINGTON, D.C.: The recent oil price spike fueled by rising Middle East tensions has the potential to derail the International Monetary Fund's (IMF) «relatively good» outlook for the world economy, its chief economist told Agence France-Presse (AFP).
AMID pressing economic problems, inflation included, Sen. Bong Go has underscored the critical need for government action to help poor sectors, especially the farmers reeling from the impact of the long dry spell.
SEOUL, South Korea — South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the finance ministry in Seoul said Wednesday.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. supports the proposed extension of the Rice Tariffication Law subject to modifications that will ensure optimum impact on modernizing agriculture, enhancing farm productivity and improving rice farmers’ competitiveness and income.