IMF heads to Colombo for more economic solutions The International Monetary Fund will visit Colombo this week to continue discussions with the Sri Lankan authorities on economic and financial reforms and policies. “The goal is to make short-term progress towards a staff-level agreement on a future IMF Extended Fund Facility (EFF) arrangement,” the IMF said …
A resident buys food at a local market, in downtown San Francisco, California, US, July 13, 2022. REUTERS/Carlos Barria/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, Aug. 22 (Reuters) – The US Federal Reserve is set to raise interest rates by 50 basis points in September amid expectations that inflation has …
The Federal Reserve keeps telling the market it’s serious about containing inflation, even if it means damage elsewhere. But the market is still having a hard time taking it seriously. So it’s up to Fed Chair Jerome Powell next week to tighten things up further. The central bank leader will address his colleagues Friday at …
Powell’s Jackson Hole Speech Comes With Fed And The Market On Several Pages Read More »
A man in a protective mask walks past an electronic board displaying the Shanghai Composite Index, Nikkei Index, and Dow Jones Industrial Average during the coronavirus disease (COVID-19) outbreak outside a real estate agency in Tokyo, Japan, March 7, 2022. REUTERS / Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com Register Wall …
Stocks choppy, US yields fall as investors digest Fed minutes Read More »
Image by Getty Images/Futurism In a new study, a team of researchers found that feeding rats soft drinks like Coke and Pepsi did enough damage to the hapless critters’ brains to cause memory problems, cognitive impairment and cellular problems. Of course, soda is not really considered a health food. It’s full of sweeteners, real and …
Scientists fed rats sugary soda for two months and they got demonstrably dumber Read More »
Minutes from the Federal Reserve’s July meeting — at which policymakers raised benchmark interest rates by 75 basis points — indicate that stock market participants were pricing in a “less aggressive” policy outlook too quickly, some strategists argued Wednesday. Federal Reserve officials agreed in July that it was necessary to raise their benchmark interest rates …
