SAVANNAH, Ga. The U.S. economy "appears to be in a pretty good place" that should let the Fed continue its steady programme of raising interest rates, Atlanta Federal Reserve bank president Raphael Bostic said on Monday, though he feels only one more such increase is needed this year.
LONDON British households enjoyed the fastest growth in employment income in at least nine years in June, according to a survey that may give the Bank of England concern that underlying inflation pressures are rising.
BERLIN The German economy should rebound in the second quarter after a weak start to the year, the Bundesbank said on Monday, as a wave of flu dissipates and state spending rises.
HONG KONG Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.
One of the Federal Reserve's most influential policymakers raised concerns about White House policies on trade and immigration on Friday, as U.S. President Trump slapped new tariffs on China.
TOKYO The Bank of Japan downgraded its assessment on inflation and its governor stressed his resolve to keep the money spigot wide open, reinforcing views Japan will lag well behind its U.S. and European peers in dialling back crisis-mode policies. | Video
WASHINGTON With the world's two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold. | Video
FRANKFURT Germany's central bank on Friday slashed its growth forecast for this year and said trade and political concerns had made the outlook for the country's still booming economy more uncertain.
BEIJING China has reshuffled its central bank monetary policy committee, naming three new academic members and making Governor Yi Gang the panel's chief, the cabinet said on Friday.
NEW YORK The U.S. dollar rose more than a penny against a basket of major currencies as the euro cratered, and U.S. stocks closed higher on Thursday, as the European Central Bank signalled interest rate hikes were a long way off.