LA PAZ (Reuters) – Bolivia’s “economic miracle,” a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, … Read More
US dollar-yuan divergence trade could spin out of control without intervention from China soon The US dollar-China yuan currency divergence trade is in full flow. Unless Beijing gets a grip on the exchange rate soon, the yuan could hit 15-year … Read More
The European Central Bank pressed ahead with another interest rate hike Thursday and made clear more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the U.S. Federal Reserve took a break from … Read More
BUENOS AIRES, April 14 (Reuters) – Argentines, painfully accustomed to decades of soaring prices, say that the current 102.5%-and-climbing inflation rate is on another level and is making it almost impossible to get by. “In my case, I have zero … Read More
The chancellor has said it would be a “terrible mistake” to give pay rises above the rate of inflation, even though strikes are hitting the economy. Jeremy Hunt said the impact of the junior doctors’ strike on NHS patients was … Read More
BERLIN — Trains, planes and public transit systems stood still across much of Germany on Monday as labor unions called a major one-day strike over salaries in an effort to win inflation-busting raises for their members. The 24-hour walkout – … Read More
The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More
After 36 years, Argentina won another World Cup. In a country with a history of extraordinary players and where soccer is lived as a national religion, this was long overdue. Also overdue are the structural reforms necessary for Argentina to … Read More
(Bloomberg) — Federal Reserve Bank of Philadelphia President Patrick Harker said he expects the central bank to slow the pace of interest-rate hikes in upcoming months as US monetary policy approaches restrictive levels. “In the upcoming months, in light of … Read More
The Biden administration was forced to delete a Twitter post taking credit for a boost in retirees’ Social Security checksWednesday after social media users pointed out the increase was tied to decades-high inflation. “Seniors are getting the biggest increase in … Read More