Tariff-fuelled dollar gains pose global stagflation risks, BIS warns
By Marc Jones LONDON (Reuters) – Staff at central bank umbrella group, the Bank for International Settlements, have warned of a global bout of stagflation if trade tariffs promised by soon-to-be-U.S. President Donald Trump continue to drive up the dollar. Stagflation –
Scott Bessent’s hearing for Treasury Secretary: tariffs, taxes and spending in focus
Investing.com — Scott Bessent, the fund manager selected by President-elect Donald Trump to head the Treasury Department, faced questions on tariffs, tax policy, and budget deficits during his confirmation hearing. Bessent, who has spent his career in the private sector,
Fed should stay independent, Trump’s pick for US Treasury Secty says
(Reuters) – The Federal Reserve should stay independent, Trump’s pick to be U.S. Treasury Secretary told a Senate panel on Thursday. “I think on monetary policy decisions, the FOMC should be independent,” Scott Bessent told the U.S. Senate Finance Committee, referring
Capital Economics sees economic progress in South Africa
Capital Economics highlighted the progress made by South Africa’s Government of National Unity (GNU) in the six months since its formation, noting improved market goodwill, no recent loadshedding, and eased logistics constraints. The firm acknowledged the improved fiscal position but
WHO calls for international support to fund aid in Gaza after ceasefire deal
By Jennifer Rigby and Christy Santhosh (Reuters) – The World Health Organization called for the international community to step up and fund a scaled-up aid response in Gaza after Israel and Hamas reached a ceasefire deal to end 15 months of