The Federal Reserve’s independence from political influence is critical to its ability to fight inflation, but requires it to stay out of issues such as climate change that are beyond its mandate set by Congress, Fed Chair Jerome Powell said this week. Tuesday (10). “Restoring price stability when inflation is high may require measures that […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
Market projects double-digit interest rates in Brazil for 8 years
The movement of future interest (DI) in recent months indicates the caution of investors about the direction of economic policy, in particular, fiscal policy. According to a survey carried out by the chief economist of Banco Modal, Felipe Sichel, for CNN Money, the futures interest curve points out that the rate is at 13.678% in […]
Export of chicken meat from Brazil rises 4.6% in 2022 and also has a record in revenue
Brazilian exports of chicken meat totaled 4.822 million tons in 2022, a historic record that surpasses the total exported in 2021 by 4.6%, boosted by factors related to the conflict in Ukraine and health issues in some countries, informed the Association Brazilian Association of Animal Protein (ABPA) this Tuesday (10). Revenue obtained from exports reached […]
China’s central bank to increase financial support for domestic demand
China’s central bank and the country’s top banking regulator said on Tuesday they will increase financial support for the domestic demand and supply system to help the economy, while ensuring steady and orderly financing for the real estate sector. . The People’s Bank of China and the Banking and Insurance Regulatory Commission said major banks […]
Pizza Hut brings back to the US one of the favorite dishes of customers in the 90s
Pizza Hut is bringing back a fan favorite after a nearly 25 year hiatus. Starting February 1st, “Big New Yorker” pizza is once again hitting menus across the US for a limited time. Despite being briefly sold in 1999, the extra large pizza quickly became a favorite, and fans have been asking Pizza Hut to […]
For creator of inflation targets, current target is low and sacrifices growth
Engineer and economist Sérgio Werlang did not know well how an inflation targeting system worked, a mechanism that at the time was beginning to be applied in the first countries, when he was called by the new president of the Central Bank, Armínio Fraga, in 1999, to replicate it in Brazil such a methodology. It […]
In 24 years of targets, inflation spent a third of the time above the ceiling
In the 24 years since 1999, when the Central Bank implemented the inflation targeting system in Brazil, the country’s economy has rarely achieved the target it was supposed to pursue. At times, the Extended Consumer Price Index (IPCA), the country’s official inflation indicator, dropped too much and missed the low targets. But it was in […]
IPCA rises 0.62% in December and accumulates an increase of 5.79% in 2022, says IBGE
The IPCA (Extended Consumer Price Index) —which measures the country’s official inflation–, increased by 5.79% in 2022, informed the IBGE (Brazilian Institute of Geography and Statistics) this Tuesday (10). The annual result was above the ceiling of the target set by the National Monetary Council of 5% for 2022. It is the fourth consecutive time […]
Owner of Riachuelo closes factory in Fortaleza and fires 1,800 employees
Guararapes, owner of the Riachuelo chain of stores, announced this Tuesday (10) that it will close activities at a manufacturing center in Fortaleza to concentrate its production in Natal, according to a statement to the market. According to Guararapes, 2,000 employees worked at the factory. Some were invited to go to the operations in Natal […]
ECB must intensify efforts for “green” monetary policy, says official
The European Central Bank needs to adjust its monetary policy to make it more conducive to tackling climate change, even as it trims its balance sheet to curb high inflation in the euro zone, ECB Governing Council member Isabel Schnabel said on Tuesday ( 10). The ECB has sought to support the economy’s green transition, […]
