Economy

The Federal Reserve Board may owe the banking crisis a thank-you note. That’s because the economic turmoil created by the collapse of three banks this month and the impairment of a fourth gave it a bit of breathing room in its increasingly unpopular campaign to subdue inflation with a series of sharp interest rate hikes.The Fed on Wednesday…

US Dollar, DXY Index, Yellen, Fed, FOMC, SVB, Volatility, MOVE, VIX - Talking pointsThe US Dollar spilled lower again despite the shoring up of bank depositsTreasury yields went higher but they have not been able to assist USDIf the Fed puts the banking crisis ahead of inflation, will the DXY index go lower? Trade Smarter - Sign up for the…

That forecast is predicated on further increases in interest rates.The minutes show the bank is concerned about the level of productivity growth across the economy, noting productivity had not increased during the COVID-19 pandemic period.This lack of productivity meant inflation could remain higher for longer.But the minutes also show growing…

Building export markets takes effort. Overseas buyers need to be convinced about the price competitiveness, product quality, and reliability of supplies from the exporting country. One not-so-talked-about success story in recent years is of sugar exports from India. Between 2017-18 and 2021-22, these have soared from $810.9 million to $4.6…

Kiran VB, 29, a resident of India’s tech capital Bangalore, had hoped to work in a factory after finishing high school. But he struggled to find a job and started working as a driver, eventually saving up over a decade to buy his own cab.“The market is very tough; everybody is sitting at home,” he said, describing relatives with engineering or…

MEXICO CITY (AP) — Mexico’s president said Friday that U.S. families were to blame for the fentanyl overdose crisis because they don’t hug their kids enough. The comment by President Andrés Manuel López Obrador caps a week of provocative statements from him about the crisis caused by the fentanyl, a synthetic opioid trafficked by Mexican…

By Chris MasonPolitical editor, BBC News2 hours agoThe reality of any negotiation is that the potential sweet spot for agreement lies in the place where both sides can claim a victory and argue that their course of action all along was pragmatic, sensible and justifiable.After months of argument and weeks of serious talks, that is where many of…

Some economists have modestly lowered their forecasts for economic growth this year because of the Silicon Valley Bank crisis -- as smaller banks pull back lending in an already weak environment.Goldman Sachs says it has cut its estimate of the increase in gross domestic product this year by three-tenths of a percentage point to 1.2%. Goldman is…

An Hour AgoSingapore and South Korea banks rise in early trading tracking Wall Street reboundBank stocks in Singapore and South Korea rose across the board on Wednesday morning, following gains by banks on Wall Street overnight.In Singapore, OCBC Bank led gains among the country's three major banks, rising 2.24%, while UOB and DBS saw gains of…

Shoppers look at items displayed at a grocery store in Washington, D.C., on Feb. 15, 2023.Stefani Reynolds | AFP | Getty ImagesConsumer inflation may have cooled off a little in February, but economists expect it is still running at a high pace.The consumer price index, expected Tuesday morning, is forecast to show headline inflation rose 0.4%…