US Federal Reserve officials are coming together to maintain policy interest rates at current levels, given the slow progress towards curbing inflation and the strength of the US economy. The photo shows the Federal Reserve in Washington. Photograph taken in July 2013 (2024 Reuters/Jonathan Ernst)
[１８日 ロイター] – US Federal Reserve officials are coming together to maintain policy interest rates at current levels, given the slow progress towards curbing inflation and the strength of the US economy.
Since Federal Reserve Board Director John Waller announced in February that there would be no rush to cut interest rates, many policymakers have expressed similar views, and on this day, New York Fed President William Williams said there are no compelling reasons over cutting interest rates He said he could not find it at the moment.
“Given the current strength of the economy, we feel no rush to cut interest rates,” he said. “At some point we will have to lower interest rates, and the timing will depend on economic conditions.” More Cleveland Fed President Mester also said on the 17th that the Fed is likely to cut interest rates at “some point,” avoiding the phrase “within the year” he had previously mentioned.
Sams Club Portable Cooler Takes Over Costcos Viral…
it is portable cooler of Sam’s Club replaces it efficiently and in a better way fans, so he turned viral in his last days Costco. Say goodbye of the heat and be part of the competition between these two stores, buying this innovative device that could cool your home, while at the same time improving the quality and freshness of the air you breathe every day.
Although a fans warm air simply moves around a room, the colder of an area portable for sale at Sam’s Club uses a process of evaporation to reduce the temperature of the air. This means that an air cooler can provide more efficient cooling, especially in dry climates where evaporation is faster and more efficient.
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After the fans of Costco turned viralimmediately sold out in their stores, so the portable air cooler from Sam’s Club lo instead the right way. Say goodbye to the heat with this tool that promises to reduce the air temperature in your home in a short time.
The portable cooler at Sam’s Club that replaces Costco’s viral fan
he colder portable The Honeywell CS10PEI Air Cooler model is again sold out Costco and it is still for sale in Sam’s Club priced at 2,999 pesos.
Federal Reserve Official Advises Patience On Interest Rate…
Insights from Federal Reserve Member on Inflation and Interest Rates
Published 3 hours ago
A prominent figure at the Federal Reserve, the US central bank, has emphasized the gradual decline of inflation and advised against rushing into interest rate cuts.
Raphael Bostic, the President of the Atlanta Federal Reserve, shared with BBC News that maintaining US interest rates at a “restrictive level” may persist until the end of 2024, indicating a cautious approach to easing.
Global Impact of Delayed US Interest Rate Cuts
The anticipation of postponed US interest rate reductions has had widespread repercussions on the global economy, influencing government borrowing costs worldwide, including in the UK.
Earlier this year, market projections foresaw a series of rate cuts in the US and Europe, setting the stage for economic adjustments.
UK Market Response to US Inflation Trends
Chancellor Jeremy Hunt highlighted the interconnectedness of the US and UK economies, noting the impact of higher-than-expected inflation in the US on market yields in the UK, underscoring the importance of monitoring international economic developments.
Changes in government debt markets can translate into increased mortgage and business loan expenses, prompting Bank of England Governor Andrew Bailey to differentiate the inflation patterns between the UK and the US.
Japan, US, And South Korea Close Talks On…
2024-04-18 00:06:00
At the first finance ministers’ meeting held on the 17th, Japan, the United States, and South Korea agreed to “closely discuss” trends in the foreign exchange market. Photographed in December 2015 (2024 Reuters/Kim Hong-Ji)
WASHINGTON (Reuters) – Japan, the United States, and South Korea agreed to “closely consult” on foreign exchange market trends at their first finance ministers’ meeting held on the 17th.
The joint statement acknowledged the “serious concerns of Japan and South Korea regarding the recent rapid depreciation of the yen and won,” and added, “In line with the existing G20 commitments, we will continue to monitor trends in the foreign exchange market.” We will consult closely.”
“We will continue to work together to promote sustainable economic growth, financial stability, and orderly and well-functioning financial markets.”
Following the announcement of the statement, the dollar fell against the yen. 1 dollar=154.18 yen. It has since returned to 154.32 yen, but remains below the 34-year high of 154.79 yen reached on the 16th.
The last time Japan intervened in foreign exchange was in October 2022, when the dollar was at 151.94 yen.
Helen Given,
PRIVATE COMPANIES Solutions For The Reimbursement Of Expected…
An unblocking of the situation is expected. Private sector companies express the desire to find solutions for the reimbursement of Value Added Tax (VAT) credits. The Madagascar Business Group (GEM) informed President Andry Rajoelina of this during their meeting with the Head of State.
In a letter, this professional group explains that concrete solutions are expected in relation to this situation “by the end of April”. Currently, several companies are affected by this situation of VAT arrears which are still unpaid. Resolving the situation will be saving and “vital” for these private sector companies. Some are victims of the situation and the international economic situation, causing them to be overwhelmed by astronomical production costs.
“The payment of State arrears to private companies, mainly VAT credits, is vital because this situation where billions of ariary are blocked significantly compromises the situation of companies, particularly in terms of creation of jobs, investment and exports,” explains the GEM in its letter.
A situation brought to the attention of the President, who thereby assured the State’s support for the private sector during his meeting with his representatives. Previously, the right to reimbursement of VAT credits has long been the subject of numerous discussions between state officials and the private sector.
More Expensive Green Despite The Drop In Energy…
On another level led the competitive charges of energy providers on the special or “green” household tariff in April, recording mostly small price increases, despite the reduction in the wholesale price of electricity. In particular, the average price is 10.8 cents per kWh, increased by 3% compared to the previous month, when it was 10.5 cents per kWh. At the same time, energy companies have reduced the discounts they provide on prices, causing competitive charges to rise by up to 12%. Accordingly, there were also some providers who increased the discount rate, resulting in reduced charges on “green” tariffs, falling by up to 14%.
As can be seen from the prices posted by each provider on the website of the Waste Energy and Water Regulatory Authority (RAAEF) for “green” tariffs, 10 out of 13 providers active in the market announced higher prices compared to March. In particular, the range of charges for April ranges from 0.0906 to 0.148 euros/kWh, which confirms the strengthening of competition on the front of floating and fixed tariffs.
More specifically, providers seem to have chosen to “target” the other two categories, namely “yellow” and fixed “blue” electricity tariffs. In the first category of floating tariffs,
Poles Fears Of Unemployment Are Growing. Labor Offices…
#Poles #fears #unemployment #growing #Labor #offices #warning #layoffs
The situation on the labor market is described by economists as stable. The registered unemployment rate was 5 percent at the end of the year. This is the lowest result in over 30 years.
However, data from the Central Statistical Office on the consumer situation show that 22.07 percent Poles are afraid that the unemployment rate in Poland will increase slightly. This is the highest result since May 2023 and the third month in a row that the indicator has been increasing. What could this be due to?
Alarming signals can have a significant impact coming from employment offices and the general narrative in the media, as well as the opinions of some experts.
The rest of the article is below the video
See also: Is the employee market coming back? Sedlak: Too many unskilled people
Poles are afraid of unemployment. What it comes from?
Data from 12 voivodeship labor offices indicate that in In the first quarter of this year,
Oil Prices Surge On Unconfirmed Reports Of Explosions…
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Oil prices recorded an increase of more than 3% on fears in the Middle East after unconfirmed rumors of an explosion in Iran, Syria and Iraq, fueling new fears about the crisis in the Middle East: in Asian trade, West jumped Texas Intermediate (WTI) by 3.66% to 85.76 dollars, and Brent rose 3.44% to 90.11 dollars.
The Tokyo Stock Exchange begins the last session of the week with a negative sign, weighed down by the continued correction of US share prices in the technology sector. At the open, the benchmark Nikkei index fell 0.97% to 37,711.59, a decline of 368 points. In terms of currency, the yen recovers and continues its weakening rate against the dollar, to 154.50, and against the euro to 164.50.
Hong Kong returns to trade in negative territory: the Hang Seng index falls 0.85%, to 16,246.34 points. Chinese markets also open with a smaller sign: the Shanzghai Composite index first loses 0.45%, to 3,060.30 points, while the Shenzhen index loses 0.59%, to 1,688.93.
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2024-04-19 06:04:09
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Israels Attack On Iran Sends Mexican Peso Into…
The Israeli attack on Iran has sent shockwaves through the global economy, with ripple effects being felt as far as Mexico. The Mexican peso has plummeted in the wake of the attack, with Grupo Formula reporting that the peso is currently quoted at 17.43 units.
According to El Financiero, the peso “trembles” after Israel’s attack on Iran, highlighting the volatility and uncertainty that has gripped the currency. This dramatic drop in value has caught the attention of international news outlets, with Reuters reporting that the peso has collapsed against the dollar following the attack.
Aristegui News also notes the sharp decline in the peso’s value, attributing it to Israel’s military actions in Iran. The impact of this attack on the global economy is not limited to just the Middle East, as evidenced by the significant impact on the Mexican peso.
As the situation continues to evolve, economists and analysts will be closely monitoring the effects of Israel’s attack on Iran and its implications for the Mexican economy. Investors and policymakers will be watching closely as they navigate the uncertain and unstable economic landscape in the aftermath of this military action.