Fed vows unconditional inflation war with 'whatever it takes'
The Federal Reserve has signaled that the rising risk of recession will not stop its battle to bring down searing inflation that's punishing American households.
As Fed hikes rate, U.S. economy watchers fear only recession will quench inflation
The central bank faces intense pressure to curb soaring gas, food and housing prices that have left millions of Americans struggling to make ends meet.
BOJ seen retaining policy, but messaging on prices and yen in focus
The Policy Board is holding its first meeting since Japan's core consumer inflation topped 2% for the first time in about seven years in April, exceeding the BOJ's inflation target.
Japan runs biggest trade deficit in more than eight years in May
The growing trade deficit underscores the headwinds the world's third-largest economy faces from a slide in the yen and surging costs of fuel and raw materials.
U.S. Fed rolls out biggest rate hike since 1994, flags slowing economy
An acceleration of U.S. monetary tightening is likely to further drive down the Japanese yen, which has already dipped to a 24-year low against the greenback.
Corporate ‘self-sanctioning’ of Russia has U.S. fearing economic blowback
Some officials from U.S. President Joe Biden's administration are expressing concern that penalties are exacerbating inflation, worsening food insecurity and punishing ordinary Russians.
U.S. stocks' bear market growl could beckon recession
Nine of 12 bear markets that have occurred since 1948 have been accompanied by recessions.
World’s central banks got it wrong, and economies pay the price
The blunders by monetary mavens tarnish a reputation of ensuring price stability and preventing the kind of inflationary spiral that hammered middle-class incomes in the 1970s.
High grain prices prompt Japan farmers to grow wheat rather than rice
Twenty seven prefectures plan to expand production of wheat while 30 have said they will increase their soybean crops.
Yen a whisker away from hitting 2002 low of ¥135.15 to the dollar
The relentless climb in oil prices is also weighing on the yen because of Japan’s position as an energy importer.
BOJ’s rock-bottom rates are crucial for Kishida’s spending plans
The prime minister has signed off on changes to an annual fiscal policy plan that loosen rather than tighten the corset constraining the nation’s spending plans.
