“ Surging U.S. budget deficits have already contributed to rising inflation and a tripling of interest rates.” At the third Republican presidential debate on November 8th, U.S. voters will likely hear a deluge of insults, interruptions, canned jokes and empty talking points. They will not likely hear any coherent solution…

The numbers: Total consumer credit rose $9.1 billion in September, up from a $15.8 billion drop in the prior month, the Federal Reserve said Tuesday. That translates into a gain at a 2.2% annual rate, up from a 3.8% drop in the prior month. Economists had been expecting a $9.5…

Investing.com — U.S. stock futures point higher, with investors preparing for a busy week of central bank decisions, economic data, and company earnings. Meanwhile, HSBC rolls out fresh share buybacks despite missing third-quarter profit expectations and a Hong Kong court gives embattled developer China Evergrande (HK:) one last opportunity to present…

Gediminas Simkus, a member of the European Central Bank (ECB) Governing Council and a Lithuanian authority, expressed skepticism towards a rate reduction in the first half of 2024, calling for strategic patience to maintain rates at their current restrictive levels. His comments came amidst enduring high inflation and uncertainty, emphasizing…

The economy was supposed to get a lot weaker, and hiring was supposed to slow to a crawl. Neither has happened. The U.S. is still adding lots of jobs. Here’s what to watch for in the October jobs report, due out Friday morning. The forecast The U.S is expected to…

FRANKFURT/VILNIUS (Reuters) -Two European Central Bank policymakers pushed back on Monday against market bets that the ECB will start cutting interest rates in the first half of next year and undo some of its recent efforts to fight high inflation. The ECB ended an unprecedented streak of 10 consecutive rate…

All eyes are on the upcoming leaders’ meeting of the Asia-Pacific Economic Cooperation (APEC), to be held in San Francisco Nov. 11-17. And with good reason: there is a distinct possibility that U.S. President Joe Biden and Chinese President Xi Jinping will meet on the sidelines of this pan-regional gathering, exactly one year after their last…

By Joe Cash BEIJING (Reuters) – China’s economy tsar He Lifeng has been appointed director of a key ruling Communist Party economic body, matching his high-profile predecessor Liu He with a particularly powerful portfolio covering economic policy, the financial sector and trade ties with Washington. He, who had previously headed…

Treasury Secretary Janet Yellen on Thursday called the relationship between the U.S. and China among “the most consequential in the world,” saying, “we need to get it right.” Yellen was speaking ahead of a planned meeting between U.S. President Joe Biden and his Chinese counterpart, Xi Jinping. In a speech…

OSLO (Reuters) – Norway’s central bank is expected to keep its key policy interest rate on hold this week but could hike borrowing costs again by the end of the year to help rein in inflation and support the country’s faltering currency, a Reuters poll showed. Norges Bank’s monetary policy…