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Added on the 19/05/2019 10:39:37 - Copyright : Wochit
Inflation may be rearing its ugly head in the US economy sooner than predicted. According to Business Insider, a recovery of the US's hardest-hit businesses could drive a faster-than-expected rebound for inflation. The US Federal Reserve aims to reach inflation of at least 2% before considering lifting its benchmark interest rate. However, price growth has trended below that level for years and fell further at the start of the pandemic. Kansas City Fed President Esther George said Tuesday that struggling industries could be placing outsized downward pressure on inflation. She added that a swift economic reopening could see businesses in travel and hospitality could rapidly bounce back--thereby driving inflation higher.
AFA President Claudio Tapia, Economy minister and presidential candidate Sergio Massa and Tourism and Sports Minister Matias Lammens show off Argentine jerseys with 2030 written on the back, at the end of a press conference after an announcement that Argentina will host a match of the 2030 World Cup. IMAGES
The US Federal Reserve is prepared to raise interest rates higher -- and hold them there -- in order to bring down elevated inflation. "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective," says Jerome Powell in a central banking conference in Wyoming. SOUNDBITE
Taipei (Taiwan), Oct 8 (EFE / EPA) .- The French senator, Alain Richard, participated Friday in a press conference in Taipei, as part of his schedule during an official visit to Taiwan, which was described by Beijing as a violation by France of the 'One China' policy. (Camera: RITCHIE TONGO).SHOT LIST: FRENCH SENATOR ALAIN RICHARD IN TAIPEI, TAIWAN.
Federal Reserve Chair Jerome Powell announces the Fed will hold off on raising the benchmark interest rate and will not react to temporary inflation pressures, warning that "ill-timed policy" could be "particularly harmful" as the US continues its economic recovery from the coronavirus pandemic. Kicking off an online economic symposium, Powell also stresses that the US economy is on track to return to a strong labor market despite the continued spread of the Delta variant. SOUNDBITE
Herat, Aug 6 (EFE/EPA).- Afghan security officials patroled the city of Herat Friday after they took back control of parts of city following intense battle with Taliban militants.Heavy fighting continued in Kandahar, Lashkargah, and Herat cities as the Taliban continued pressing on with their surge in Afghanistan and breaking through a tough resistance by the government forces. (Camera: JALIL REZAYEE ).B-ROLL OF THE CITY OF HERAT, AFGHANISTAN.
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