Unity between faiths has been the central theme of the pontiff's Asia trip and a declaration they signed called for 'religious harmony for the sake of humanity'
world2 days ago
Atlanta Federal Reserve President Raphael Bostic said on Monday that he doesn’t foresee rate cuts at least through 2023, even if there’s a recession.
“For me, inflation is job No 1. We’ve got to get back to our target,” CNBC quoted him as saying in an interview.
“If there’s going to be some cost to that, we’ve got to be willing to do that,” he said on the sidelines of Atlanta Fed’s Financial Markets Conference.
His comments came as the Fed has raised rates 10 times since March 2022 in an effort to bring down inflation that a year ago was running at its highest levels since the early 1980s.
CNBC quoted Bostic as saying he doesn’t see cuts coming anytime soon and in fact expects an increase would be more likely at this point.
“There’s still a lot of confidence that our policies are going to be able to get inflation back down to our 2% target,” Bostic said. “And to be fully clear, we’re going to do all that we need to make sure that that happens.”
Unity between faiths has been the central theme of the pontiff's Asia trip and a declaration they signed called for 'religious harmony for the sake of humanity'
world2 days ago
Musk risks possible EU sanctions in the coming months for allegedly breaking new content rules
world2 days ago
More than 90 per cent of buildings within a so-called buffer zone appeared to have been destroyed or severely damaged, according to the London-based rights group
world2 days ago
Netanyahu says that Israel must retain control over the Philadelphi Corridor along the Egypt-Gaza border to prevent weapons smuggling to Hamas
world2 days ago
Convention covers human rights aspects of AI
world2 days ago
According to the International Meteor Organisation, the one-meter asteroid will be a bright and slow fireball and cause no damage
world3 days ago
Saad was studying at the Edward Said National Conservatory of Music in nearby Gaza City before it was reduced to ruins in the war that has devastated much of the enclave
world3 days ago
The lawsuit is the latest legal challenge to the Democratic president's efforts to fulfil a campaign pledge and bring debt relief to millions of Americans who turned to federal student loans to fund their costly higher education
world3 days ago