The Latest Breaking News on Economy

Fed eases pace of interest rate rises after signs inflation may be slowing

The US is facing a cost of living crisis with soaring inflation, with the latest interest rate hike the seventh increase this year

The Guardian - US · Dec 14, 2022

Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefit

NEW DELHI: The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate.

The Times of India · Dec 14, 2022

Bristol City Council set to axe 300 staff to balance budget

Authority has to find £31million of cuts to balance its books from April

Bristol Post · Dec 14, 2022

Inflation eases slightly to 10.7% as price rises slow

The bigger than expected fall could slow the pace of interest rate hikes

Evening Standard · Dec 14, 2022

UK inflation eases to 10.7% as annual rate of price increases slows

Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay

The Guardian - UK · Dec 14, 2022

Rate hikes to be gradual, measured - central bank minutes

Further monetary tightening will be gradual and measured, and can be adjusted if necessary, after the monetary policy committee raised its key interest rate late last month, minutes of the meeting showed on Wednesday.

Bangkok Post · Dec 14, 2022

US core inflation slows, giving Fed some breathing room on rates

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Tribune News Service · Dec 14, 2022

CPI Report Comes In With a Bang

Last week, I discussed all of the reports we had coming due before the Fed's December meeting (and rate hike announcement)...including the very important Consumer Price Index (CPI) report that was released this morning. It felt premature to send out my pre-Fed meeting market commentary before that last important inflation…

StockNews.com · Dec 14, 2022

U.S. trade chief Tai says African trade program needs to foster more investment

The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a focus on improving investment is needed, U.S. Trade Representative Katherine Tai said on Tuesday.

Reuters · Dec 13, 2022

North Ayrshire school crossing patrollers facing the axe in 'devastating' budget

The move could help save North Ayrshire Council more than £250,000.

Daily Record · Dec 13, 2022