By Ann Saphir (Reuters) -U.S. Federal Reserve officials will likely leave their policy rate on hold at next week’s meeting thanks in large part to a new dynamic unfolding before them: Other forces are finally doing the work for them. While the benchmark rate they set every six weeks or…

Corrects total borrowing to $776 billion The Treasury Department said Monday it expects to borrow $776 billion in the fourth quarter, which is $76 billion lower than the prior estimate made in July. The decrease in borrowing needs was largely driven by higher receipts, the department said. The updated forecast…

By Jan Strupczewski and Gabriela Baczynska BRUSSELS (Reuters) -Most European Union leaders on Friday backed granting more financial support to Ukraine as it fights a Russian invasion, but Hungary and Slovakia voiced reservations ahead of a decision the bloc needs to make unanimously in December. The EU executive has proposed…

By Alexander Marrow, Elena Fabrichnaya and Vladimir Soldatkin MOSCOW (Reuters) -The Bank of Russia hiked interest rates by a higher than expected 200 basis points to 15% on Friday, raising borrowing costs for the fourth meeting running in response to a weak rouble, stubborn inflation and increasing budget spending. The…

The U.S. was supposed to be in recession by now, if you asked economists a year earlier. Now, a majority of economists think a recession can be avoided. Nearly four-fifths of economists polled by the National Association of Business Economists say a there’s a 50% chance or less of a…

Axis Bank, one of India’s leading financial institutions, has disclosed plans to enhance its small-ticket loans, crop loans for small farmers, and microfinance business loans aimed at low-income women. The announcement was made by the bank’s CEO, Amitabh Chaudhry, at the India SME 100 Awards earlier this week. The bank…

The Federal Reserve (Fed) is facing growing concerns as inflation rose by 0.4% in September, partly fueled by increasing oil prices. This surge also affected the Personal Consumption Expenditures (PCE) price index, the Fed’s primary gauge for inflation, which climbed by the same percentage. Over the past year, this index…

The U.S. inflation rate remained steady in September, matching the previous month’s figure of a 3.4% increase, as reported by the Personal Consumption Expenditures Index. This stability occurred despite robust consumer spending, which increased by 0.7% last month (0.4% after adjusting for inflation). The core price measure, which excludes volatile…

Russia’s Central Bank has raised its key interest rate to 15% on Friday, in a move to counter high inflation driven by elevated domestic demand. This move is part of a broader strategy to bring inflation in line with the bank’s target of 4%, foreseeing an extended period of tight…

By Jamie McGeever ORLANDO, Florida (Reuters) – The U.S. Treasury may need to keep things short for the sake of the long end. Treasury’s staid debt management operations are rarely driven by market timing, but the re-surfacing of a long-absent “term premium” may be an exception that paves the way…