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U.S. Fed chair says he sees no evidence of overheating

U.S.FederalReservechairJeromePowellsaidonThursdaythatheseesnoevidenceofeconomyoverheatingevenashisoutlookfortheeconomystrengthened."There'snoevidencethattheecon

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U.S. Fed chairman pledges to raise interest rates gradually

U.S.FederalReserveChairmanJeromePowelltoldU.S.lawmakersonTuesdaythatthecentralbankwouldcontinuetograduallyraiseinterestrates."TheU.S.economygrewatasolidpaceover

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UK inflation sticks at nearly six-year high in January

Consumerpriceinflationheldatanannualrateof3.0percentinJanuary,unchangedfromDecember,afterhittingitshighestsinceMarch2012inNovemberat3.1percent,theOfficeforNatio

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Pakistan inflation swells 3.86 pct first 7 months in FY2018

ThePakistanBureauofStatistics(PBS)saidthataverageinflationinthecountryincreasedby3.86percentduringthefirstsevenmonthsoftheFinancialYear2018asagainstthesameperio

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New Fed chair Jerome Powell challenges to end the "easy money" party

GovernorJeromePowellisnowtakingoveraschairmanofUSFederalReserve.He’snowarguablytheworld’smostpowerfulcentralbanker,holdinginhishandsthemanagementoftheworld’smos

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US inflation accelerates in December

UnderlyingUSconsumerpricesregisteredthebiggestgaininDecember,raisingtheoutlookfortheFederalReservetohikeinterestratesmorequicklyin2018.Thecoreinflation,whichexc

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Japan jobless rate lowest since 1993

Japan'sunemploymentrateinNovemberdippedtoitslowestlevelsinceNovember1993,officialdatashowedTuesday,offeringanothersignthattheworld'sthird-largesteconomyisontrac

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US Fed raises interest rate, forecasts 3 hikes in 2018

TheUSFederalReservehasraisedthebenchmarkinterestrateby0.25percentagepoints,thethirdincreasein2017."Inviewofrealizedandexpectedlabormarketconditionsandinflation,

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US Fed to hike interest rates as Trump tax cut looms

TheUScentralbankissettoraisethebenchmarkinterestratethisweek,lookingtogetaheadofpriceincreasesthat,thoughabsentsofar,arestillexpectedtomaterialize.Itwouldbethet

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Merrill Lynch launches 10 global economic forecasts for 2018

BofAMerrillLynchGlobalResearchonTuesdayissuedabullishglobaleconomicoutlookfor2018,predicting10macrocallsfortheyearahead.TheSP500Indexcontinuestorise.TheStandard

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Highlights of Janet Yellen’s achievements at the helm of the Fed

ChairoftheUSFederalReserve,JanetYellen,isenteringthefinalstretchofafour-yeartenurewhichwasaclearsuccessmeasuredbytheFed’sdualmandateofpromotingmaximumemployment

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U.S. Fed chair Yellen reiterates gradual rate hike path

U.S.FederalReserveChairJanetYellensaidonWednesdaythatitisappropriateforthecentralbanktocontinuegradualinterestratehikesontheexpectationthattheeconomyandjobmarke

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U.S. Fed likely to raise interest rates in Dec. despite inflation debate

U.S.FederalReserveisontracktoraiseinterestratesinDecember,althoughFedofficialsstilldividedoverinflationoutlook,theminutesoftheFed'slatestmonetarypolicymeetingsh

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Beginning of the end for Europe's loose money? ECB to curb stimulus

TheEuropeanCentralBankisallbutcertaintocutbackonitsbond-buyingstimulusonThursday,takingitsbiggeststepyetinunwindingyearsofloosemonetarypolicy.Itcandosobecauseth

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Asian markets mostly gain, dollar struggles after inflation data

AsianmarketsextendedgainsonMondayafterapositiveleadfromWallStreetwhilethedollarstruggledfollowingmoreweakUSinflationfigures.Equitiesaroundtheworldcontinuetorall

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New Zealand's economy, financial system "sound": report

NewZealand'seconomyandfinancialsystemremainonasoundfootingdespitecontinuingchallengesintheglobalenvironment,accordingtotheReserveBank'sAnnualReport2016-17releas

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Fed Yellen underlines gradual monetary tightening amid low inflation

USFederalReserveChairJanetYellensaidonTuesdaythatit'sappropriateforthecentralbanktocontinuegraduallytightenitsmonetarypolicyinviewoftheuncertaintiesaroundinflat