Federal Reserve officials Lorie Logan and Philip Jefferson hinted at a possible stabilization of interest rates on Monday, following the surge in long-term rates. This suggestion comes as the yield on the 10-year U.S. Treasury note has soared to a 16-year high of approximately 4.8%, pushing up borrowing costs across…

Story developing. Stay tuned for updates. The numbers: The producer price index rose 0.5% in September, the Labor Department said Tuesday. That’s down slightly from an 0.7% increase in August. Economists polled by The Wall Street Journal had forecast a 0.3% advance. The… Read the full article here

By Andrea Shalal and David Lawder MARRAKECH, Morocco (Reuters) -The World Bank on Monday urged a “rapid de-escalation” of the fighting in Israel and Gaza as the violence cast a pall over the start of the bank’s annual meetings with the International Monetary Fund in Morocco. An internal World Bank…

By Howard Schneider and Ann Saphir DALLAS (Reuters) -Top ranking Federal Reserve officials indicated Monday that rising yields on long-term U.S. Treasury bonds, which directly influence financing costs for households and businesses, could steer the Fed from further increases in its short-term policy rate and substitute the work done by…

The U.S. economy and voter polls have been delivering both good and bad news to Joe Biden, but Republicans have more to worry about than what voters think of the U.S. president. U.S. inflation has moderated and jobs growth is generally robust. Voters feel better about the economy, but don’t give Biden much credit for it.…

The banking sector in Bangladesh is experiencing a capital shortfall, with the deficit escalating to Tk 33,743 crore ($3.99 billion) at the end of June 2023, according to recent data. This marks a slight increase from Tk 33,575 crore ($3.97 billion) recorded in March of the same year. The shortfall…

In a notable departure from its usual practice, the Nobel committee in Sweden has this year awarded the economics prize to someone who is actually interesting and worth reading. Claudia Goldin, a Harvard professor, was praised by the committee for her work on the economic history of women in the…

Senior Federal Reserve officials, including Vice Chair Philip Jefferson, Dallas Fed President Lorie Logan, and San Francisco Fed President Mary Daly, addressed the National Association for Business Economics gathering on Monday. The officials indicated that the recent surge in US Treasury yields could offset the need for further hikes in…

The International Monetary Fund on Tuesday kept its forecasts for limp economic growth this year and next largely unchanged. The IMF forecast global growth of 3% for 2023 and 2.9% growth next year, a downward cut for 2024 of one-tenth. Global GDP growth was 3.5% in 2022. “The global economy…

By Daina Beth Solomon MEXICO CITY (Reuters) -Mexico’s antitrust watchdog, Cofece, on Monday said it has summoned a supermarket retailer to face allegations of imposing prices and terms on its suppliers or distributors, after Walmart (NYSE:) de Mexico said it would face an antitrust panel. Cofece did not name the…