Fed’s Collins won’t take additional rate hikes off the table
Boston Federal Reserve President Susan Collins said Friday that the softer consumer price inflation data released this week was promising news but that she
CRDB Bank and Afreximbank sign $115 million investment deal
DAR ES SALAAM – In a significant move to bolster investments in key economic sectors, CRDB Bank and the African Export-Import Bank (Afreximbank) have
Inflation in the U.S. tamped down by falling cost of imports
The numbers: The cost of imported goods fell 0.8% in October and reversed some of the increase in the prior two months as oil prices
RBI raises risk weights on consumer credit, making loans more expensive
MUMBAI – The Reserve Bank of India (RBI) has announced an increase in risk weights for consumer credit, including personal loans and credit card
Builder-confidence index falls for the fourth month in a row
The numbers: Builder confidence fell in November for the fourth month in a row, in the face of weakening buyer demand as mortgage rates
IMF to boost Kenya with $938 million loan amid economic strains
WASHINGTON – The International Monetary Fund (IMF) has reached a staff-level agreement to augment Kenya’s financial aid, providing immediate access to $682.3 million and
Mortgage rates fall for the third week in a row. ‘There is room’ for rates to drop further, one economist says.
Mortgage rates fell for the third week in a row on the back of early signs that inflation is slowing. The 30-year fixed-rate mortgage
Fed’s Williams touts need for more market data transparency
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said Thursday good data is key for market
Philadelphia Fed manufacturing index continues long trend in contractionary territory
The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity improved slightly to negative 5.9 in November from negative 9 in
Oman recovering, IMF says, though more reforms required
DUBAI (Reuters) -Oman’s economic recovery is continuing, the International Monetary Fund (IMF) said on Thursday, adding that while it expects growth to rebound in
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