Inflation has eroded US households’ financial security, Fed survey shows
[1/2] A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo May...
Germany at a standstill as huge strike halts planes and trains
Unions launch 24-hour strike, biggest since 1992 Germany’s largest airports suspend flights Workers demand better pay to withstand price rises Inflation at near double digits...
Japan’s Nov real wages fall most in 8 years, defying BOJ objective
Real wages fall for eighth straight months – govt Wage growth lags surging cost-push inflation Policymakers seek wage growth to support inflation BOJ action may...
BOJ Kuroda dismisses near-term chance of exiting easy policy
BOJ’s decision to widen yield band not step toward exit – Kuroda Kuroda projects higher wages, change in price-setting behaviour Fate of joint statement decided...
Credit outlook darkens for non-financial companies, Moody’s says
Debt costs to increase as interest rates rise, hedges expire Lower purchasing power to hit demand in consumer-facing sectors Wage inflation to stay high, fuel...
Russian central bank slashes key rate, sees room to cut further
A Russian state flag flies over the Central Bank headquarters in Moscow, Russia March 29, 2021. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access...
As inflation hits 30-year high, UK households start to buckle
Households facing biggest income hit in 30 years Inflation set to top 7% in April BoE calls for pay restraint Many families rein in spending...