world economy

 
 

Further US rate hikes ‘most likely’ needed, Fed minutes show

WASHINGTON: US central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes. But, amid brisk American expansion, some Fed policymakers also warned of looming dangers to the world […]


Seeds of next global financial crisis being sown, top officials warn

NUSA DUA, Oct 14 — Rising US interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said. The…


US trade spat needs 'constructive solutions,' says China central bank

NUSA DUA, Oct 14 — China's central bank governor today sought to cool the temperature on a brewing trade-and-currency war with the United States, calling for “constructive solutions” as the spat threatens to knock the world economy. Speaking…


US draws China FX into trade dispute as IMF calls for resolution

NUSA DUA, Oct 13 — The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of world policy makers who pledged to do…


China echoes IMF pledges to avoid using currency as trade war tool

NUSA DUA, Oct 13 — China’s top central banker today pledged to keep the yuan currency’s value “broadly stable,” a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency…


BOJ’s Kuroda says Fed rate hikes good for global economy

NUSA DUA, Oct 13 — Bank of Japan Governor Haruhiko Kuroda said today steady interest rate hikes by the Federal Reserve were “basically good” for the world economy, shrugging off concerns that higher US rates could hurt Asian economies by…


‘Winter is coming’: Indonesia’s president sounds warning for global economy

NUSA DUA (Indonesia), Oct 12 — Indonesian President Joko Widodo urged global central bankers and finance ministers today to remain committed to cooperation and to “nudge their leaders in the right direction” to contain growing risks facing the…


IMF chief defends rate hikes after Trump slams ‘crazy’ Fed

NUSA DUA, Oct 11 — IMF chief Christine Lagarde today defended central bank rate hikes in a veiled rebuke to Donald Trump after the US president blamed “crazy” Fed policies for contributing to financial market turmoil. Lagarde spoke as a global…


After Stock Market Drop, President Trump Says Federal Reserve ‘Has Gone Crazy’

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President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February. “The Fed is making a mistake,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. “They’re so tight. I think the Fed has gone crazy.” Trump’s latest attack on the U.S. central bank appeared to blame the Federal Reserve for a stock rout that market analysts mostly attributed to fresh concern about his trade war with China. TrumpRead More


IMF cuts global growth forecast for 2018, 2019

WASHINGTON: An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next. With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for […]