Browsing: Economy

“ CPI consistently understates inflation, leading to  erroneous  cost of living adjustments for benefits, pensions  and  financial-aid programs.   ” The most recent U.S. Consumer Price Index…

By Howard Schneider WASHINGTON (Reuters) – After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at…

TOKYO (Reuters) – Japan’s Ministry of Finance will raise its assumed long-term interest rate to 1.5% for the fiscal 2024/25 year from a record-low 1.1% this…

SYDNEY — The Australian economy continues to cool quickly with Judo Bank’s purchasing managers index for August showing a marked decline. The Judo Bank Flash Australia…

By Lisa Baertlein and Marianna Parraga LOS ANGELES/HOUSTON (Reuters) – Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could…

SHANGHAI/SINGAPORE (Reuters) -China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by…

Economists don’t much like presidential-campaign seasons. For them, it’s a bit like seeing their manicured gardens getting trampled by schoolchildren having a water-balloon fight. Robert Brusca,…

By Nelson Acosta and Anett Rios HAVANA (Reuters) – When Cuba in early August announced it was taking a major step towards electronic banking and a…

Republican presidential candidates taking the debate stage Wednesday night have questioned the severity of climate change, with at least one White House contender calling global warming…

ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate to 20% this week, a Reuters poll showed on Monday, though some economists…