Financial

Jerome Powell says the Fed will find price stability in a new economy.

SINTRA, Portugal — Three of the world’s top central bankers set out a grim prediction on Wednesday: The forces that weighed down inflation for decades before the onset of the pandemic may never return, forcing policymakers to keep up efforts to cool down their immigrant in a bid to get rapid price increases back under …

Jerome Powell says the Fed will find price stability in a new economy. Read More »

Asia Stocks Mixed After Wall St Down, China Manufacturing Up

By JOE McDONALD, AP Business Writer BEIJING (AP) — Global stock markets declined Thursday after the US economy contracted, fueling fears of a worldwide downturn. London and Frankfurt opened lower. Tokyo and Hong Kong declined while Shanghai gained. The future for Wall Street’s benchmark S&P 500 index was down 1.1% after data Wednesday showed the …

Asia Stocks Mixed After Wall St Down, China Manufacturing Up Read More »

Companies cut spending, jobs as outlook grows less certain

June 29 (Reuters) – Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals as inflation rages and confidence in the world economy wanes. Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine …

Companies cut spending, jobs as outlook grows less certain Read More »

Central bank heads warn world economy faces new inflationary era

The leaders of the world’s most powerful central banks have warned that the global economy is facing a new period of persistently high inflation, unleashed by the coronavirus pandemic after decades of stability. The heads of the US Federal Reserve, European Central Bank and the Bank of England said the era of low and stable …

Central bank heads warn world economy faces new inflationary era Read More »

2022 Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves Research Report: Strong Growth of the US and World GDP Pushes the Need for CBDC, Making it More Immediate

DUBLIN, June 29, 2022 /PRNewswire/ — The “Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves: Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028” report from Wintergreen Research, Inc has been added to ResearchAndMarkets.com’s offering. Research and Markets Logo Electric vehicle implementation is anticipated to add $114 trillion to the global economy by …

2022 Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves Research Report: Strong Growth of the US and World GDP Pushes the Need for CBDC, Making it More Immediate Read More »