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Japan is finally seeing inflation, but it may not be time to celebrate

Ernie Higa, an entrepreneur who has been in Japan for over 30 years, says Japan’s core consumer price index is approaching the central banks 2% goal. “When you talk about inflation, it’s kind of like cholesterol – there’s good cholesterol and bad cholesterol – what we’re experiencing now in Japan is bad inflation,” Higa, chairman […]

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Treasury yields fall following Fed minutes

On Thursday morning, U.S. Treasury yields dropped as investors digested minutes from the Federal Reserve’s latest meeting minutes. The benchmark yield 10-year Treasury noteThe index dropped 3 basis points to 2.7165% by 3:45 a.m. ET. ET. 30-year Treasury bondThe rate of change was 2 basis points lower at 2.9412%. Yields are inversely related to price […]

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Russia’s central bank cuts key interest, citing decreased stability risks

MOSCOW (Russia): In an effort to protect domestic assets, the Russian central bank implemented capital controls. This was in response to international sanctions that have strained the economy after Russia invaded Ukraine. KIRILL Kudryavtsev – AFP | AFP | Getty Images Thursday’s cut by the Central Bank of Russia of its key interest rates from […]

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Fed minutes: May 2022 – Monetary policy may move into restrictive territory

Federal Reserve officials stressed earlier in the month that they needed to increase interest rates rapidly and perhaps more quickly than market expectations to address a growing inflation problem. Meeting minutes were released Wednesday.  The need to hike benchmark borrowing rates by 50% was recognized by policymakers. They also indicated the possibility of similar rises […]

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Federal Reserve Bank of Kansas City President Esther George to retire in January

Esther George, Jackson Hole Wyoming David A. Grogan | CNBC Federal Reserve Bank of Kansas City President Esther George is retiring in January. She has served 11 years at the U.S. central banks as one of their more hawkish policymakers. A search for her replacement began Wednesday, according to the Fed bank. Fed bank presidents […]

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European Central Bank member Knot says a 50 basis point hike in July is not off the table

Christine Lagarde (R), President European Central Bank (ECB) and Vice President Luis de Guindoss(L). Getty Images| Getty Images News | Getty Images European Central Bank member Klaas Knot has refused to rule out a 50 basis point hike for the Frankfurt institution at its upcoming July meeting. This story is breaking, so please come back soon for […]

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ECB likely to get out of negative rates by end-September, Lagarde says

Christine Lagarde President, European Central Bank Daniel Roland | Afp | Getty Images Christine Lagarde (ECB President) said that the European Central Bank will likely raise its deposit rates out of negative territory by September. It could also lift them further if they see inflation stabilizing at 2%. Lagarde stated in a blog posted on […]

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Germany’s central bank governor on rates, inflation outlook

Joachim Nagel (German central bank governor, ECB member) shares his thoughts about inflation and rate increases in the Euro Zone. Bloomberg | Bloomberg | Getty Images CNBC received Friday’s statement from a member on the governing council of the ECB that rates will be hiked soon by the bank for the first-time in over a […]

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What does it mean for investors as the pair nears parity?

On Sunday, July 3rd 2016, the euro sign sculpture was placed outside of Frankfurt’s former European Central Bank (ECB). Krisztian Bocsi | Bloomberg | Getty Images The euroThe is approaching parity U.S. dollarFor the first time since 20 years, currency strategists disagree on how the country will achieve that goal. On Thursday, the euro hovered […]

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UK inflation jumps to 40-year high of 9% as food and energy prices spiral

According to a survey, more than half of the U.K. population is concerned by rising living expenses and how they will be able to purchase basic needs like food and fuel in the coming months. Tolga Akmen | Afp | Getty Images LONDON — U.K. inflation soared to a 40-year high of 9% in April […]