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Global stocks slump on alarm over US inflation

Roland Jackson, Agence France-Presse
Posted at May 12 08:21 PM

World equities tanked Thursday as slowing US inflation failed to dent fears of rising global interest rates and sent oil prices diving on demand concerns. Read more »

ECB signals rate hike as soon as July to combat inflation

Sebastien Ash, Agence France-Presse
Posted at May 11 09:04 PM

European Central Bank chief Christine Lagarde hinted Wednesday at a first interest rate hike in July to tackle soaring inflation Read more »

Fed to raise rates 'expeditiously' to cool economy: official

Agence France-Presse
Posted at May 10 09:02 PM

The US central bank has the right tools and will act quickly to cool the economy and bring down "unacceptably high" inflation, a senior Federal Reserve official said Tuesday. Read more »

Bitcoin falls below $30,000, lowest since July 2021

Agence France-Presse
Posted at May 10 01:12 PM

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets. Read more »

Nikkei index down over 2 pct on worries over US monetary tightening

Kyodo News
Posted at May 09 05:09 PM

Tokyo stocks ended sharply lower Monday, with the benchmark Nikkei dropping over 2 percent, amid worries over further monetary policy tightening in the United States. Read more »

High inflation may push BSP into 'aggressive' hike: economist

Jessica Fenol and Michelle Ong, ABS-CBN News
Posted at May 05 12:50 PM

High inflation for an extended period could force the central bank to aggressively tighten interest rates instead of making gradual hikes, economists said. Read more »

US Fed makes biggest rate increase since 2000 to fight inflation

Heather Scott, Agence France-Presse
Posted at May 05 08:29 AM

The Federal Reserve on Wednesday announced its biggest rate hike since 2000, with a half percentage point increase as it works to crush soaring US inflation. Read more »

Markets, oil fall on weak Chinese data

Agence France-Presse
Posted at May 02 09:51 PM

Stock markets and oil prices fell in holiday-thinned trade Monday as traders digested weak Chinese economic data and a looming US interest rate hike. Read more »

Ukraine war set to push record US inflation even higher

Chris Stein, Agence France-Presse
Posted at Apr 12 08:17 PM

US government data will on Tuesday likely confirm what many Americans already suspected: prices continued to rise at record rates last month. Read more »

Global stocks dip on Fed tightening, China prices

Agence France-Presse
Posted at Apr 11 06:11 PM

Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in China. Read more »

Asia tracks Wall St losses on Fed tightening concerns

Agence France-Presse
Posted at Apr 11 12:48 PM

Asian stocks opened with losses on Monday, as unease lingered over tightening monetary policy by the Fed and investors awaited earnings reports. Read more »

Gross int'l reserves at $108.54-B in March: BSP

ABS-CBN News
Posted at Apr 08 10:27 AM

The Philippines' gross international reserves level rose to $108.54 billion as of the end of March, the Bangko Sentral ng Pilipinas said. Read more »

Asia Pacific recovery seen at risk from several factors

ABS-CBN News
Posted at Apr 05 01:54 PM

Aside from the pandemic, recovery is also threatened by the Ukraine crisis, US monetary policy tightening, and the slowing growth in China, the World Bank said. Read more »

Diokno says Fed hike no immediate effect on PH rates

Jekki Pascual, ABS-CBN News
Updated as of Mar 18 08:08 AM

A week before the central bank’s next policy-setting meeting, the BSP said the Fed’s rate hike is only one of several factors that Philippine policymakers look at. Read more »

Fed hikes interest rates, signals aggressive fight to curb inflation

Howard Schneider and Ann Saphir, Reuters
Updated as of Mar 17 08:16 AM

The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine. Read more »

Fed set to raise interest rates to rein in inflation

Heather Scott, Agence France-Presse
Posted at Mar 16 02:58 PM

US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control. Read more »

'Ukraine war won't deter Fed from March rate hikes'

Dhara Ranasinghe, Sujata Rao and Saikat Chatterjee, Reuters
Updated as of Mar 02 09:21 PM

The Fed will press ahead with lifting interest rates this month, money markets suggest, even as a war in Europe complicates inflation and economic growth. Read more »

Ukraine war complicates Fed's inflation fighting effort

Heather Scott, Agence France-Presse
Posted at Feb 27 03:18 PM

The uncertainty created by Russia's invasion of Ukraine has complicated the US central bank's already tough fight to contain rising prices. Read more »

US Fed official sees big hike at March meeting, warns of Ukraine impact

Agence France-Presse
Posted at Feb 25 02:39 PM

The US economy is healthy enough that interest rates should go from their current zero level to one percent by summer, and the first hike could be twice as big as normal, Federal Reserve Governor Christopher Waller said. Read more »

Stocks retreat as Russia downplays hopes of Biden-Putin summit

Agence France-Presse
Posted at Feb 21 08:42 PM

The Ukraine crisis has compounded worries about decades-high inflation that is causing central banks to hike interest rates. Read more »