Inflation in the United States has not “turned the corner yet” and it is too early for the Federal Reserve to declare victory in the fight on rising prices, a top IMF official said in an interview with the Financial Times on Thursday. Gita Gopinath, a deputy managing director of the Fund, urged the U.S….
US Inflation Has Not ‘Turned the Corner Yet’, IMF’s Gopinath Warns: Financial Times
Remove the Axis of Evil from the UN, World Bank, WTO, and the IMF?
Commentary During World War II, the Axis powers—Nazi Germany, Fascist Italy, and Imperial Japan—took on the free world with impunity. Arrayed against them were the Allies—the United States, the British Empire, and most of the Western world. With Russia’s invasion of Ukraine, the world again is squaring off in a struggle of good and evil….
Alberta’s Inflation-Relief Spending Has Risks Despite Big Budget Surplus: Economist
November 30, 2022
admin
AlbertaBank of Canadabudget surplusBusiness & MarketsCanadaeconomic policiesenergyIMFinflationInflation Relieftargeted measuresWorld
0 Comment
News Analysis Governments are taking advantage of revenue increases—in part due to high inflation—to send households money to mitigate rapidly rising prices. In doing so, a primary concern is to avoid blunting the Bank of Canada’s efforts to cool inflation and encourage government spending restraint. But Alberta’s massive budget surplus comes with its own particular…
IMF Chief Says US Must Keep Raising Interest Rates Because ‘They Owe It’ to the World
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has cautioned against the Federal Reserve slowing down with its interest rate hikes as it attempts to tame soaring inflation. Speaking in an interview with The Associated Press on Tuesday, the IMF Managing Director was asked for her thoughts on pausing interest amid concerns that a strengthening U.S….
Dollar Status Remains Solid
November 23, 2022
admin
Business & MarketsBusiness ColumnistsChinaChina Business & EconomyHong KongIMFOpinionswiftViewpoints
0 Comment
Commentary Currency status has been a hot topic for some time. When the euro emerged in 1999, many thought it would take over or at least split the share of U.S. dollar. It did not. From a longer historical time series showing official foreign exchange (FX) holdings (reserves) by currency compiled by the International Monetary…
IMF Says Global Economic Outlook Getting ‘Gloomier’, Risks Abound
WASHINGTON—The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions and…
Central Bank Digital Currencies Would Let Governments Control What People Spend Money On: IMF Official
The International Monetary Fund (IMF) has said that central bank digital currencies (CBDCs) could potentially allow a government to control what people spend their hard-earned cash on. Speaking at the IMF-World Bank annual meeting on Oct. 15, Deputy Managing Director Bo Li said that a CBDC could improve “financial inclusion” through programmability. “A CBDC can…
Higher Inflation Requires ‘More’ Monetary Policy Tightening in Asia, IMF Says
October 15, 2022
admin
Asia & PacificAsian Central BanksBusiness & Marketseconomic policieseconomyIMFinflationInternational Monetary FundWorld
0 Comment
The International Monetary Fund (IMF) said Thursday that Asia’s central banks must tighten monetary policy further to ensure that inflation returns to target levels as currencies across the region weaken. Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, said that a tighter monetary policy is needed for most of the region, except for…
IMF Warns of ‘More Frequent and More Disruptive Fiscal Crises Across the World’
The International Monetary Fund (IMF) warned of a global fiscal crisis that only underscores the need by developed countries to assist poorer nations with more “orderly debt restructuring.” Many of these countries are experiencing rising level of debt and mounting fiscal pressures that may lead to major social unrest among their poorest citizens, according to Vitor…
Financial Stability Risk Jumps Amid ‘Cascading Shocks,’ Stubborn Inflation, IMF Warns
The International Monetary Fund (IMF) has warned of a disorderly repricing in markets, saying global financial stability risks have increased “substantially” amid heightened volatility, greater uncertainty, and a series of “cascading shocks.” “With conditions worsening in recent weeks, key gauges of systemic risk—such as higher dollar funding costs and counterparty spreads—have risen,” said Tobias Adrian,…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`