Central bankers convene for annual Jackson Hole symposium with inflation on their minds
26 August 2023 |
1:59 pm
The annual meeting (24-26 August) hosted by the US Federal Reserve will be closely watched, especially Federal Reserve chair Jerome Powell on Friday. While the policy of raising interest rates to lower inflation is no longer in doubt, observers will be watching out for clues as to when the US central bank might consider lowering rates again. The Federal Reserve has repeatedly stressed the importance of reaching the 2 percent inflation target.
Related
Related
4 days ago
US video game retailer Gamestop closed trading 75 percent higher on Monday after investors boosted its shares following a social media post by Keith Patrick Gill, also known as "Roaring Kitty" on X. In this edition, we take a look at why Gamestop was the recipient of a previous social media-fuelled boom in 2020 and what's behind this latest move. Also, OpenAI has launched an updated ChatGPT which includes a hyper-realistic voice assistant.
3 days ago
Residents in Nigeria's Bayelsa state have reported smoke and the sound of explosions near a major oil and gas facility. A spokesperson for Shell said they were investigating.
1 day ago
Fuel queues are gradually easing off in major cities like Lagos. However, Major marketers are demanding increased supply from the Nigerian National Petroleum Company as depots stock drops. Temitope Kolade, Senior Manager, Oil, Gas and Power Unit at Andersen Nigeria joins CNBC Africa for more.
2 days ago
Another showdown in the country that launched the so-called coloured revolutions. Georgia’s parliament has shrugged off some of the biggest protests in its post-Soviet history by approving a “foreign agents” bill that mirrors legislation in neighbouring Russia. The opposition argues it is the way for the government to curb media freedom and dissent in a country which only recently graduated to EU candidate status.
2 days ago
France has declared a state of emergency in its overseas territory of New Caledonia. Violence over a planned constitutional reform is threatening its already struggling economy. Plus, Boeing may face the criminal prosecution it had avoided back in 2021, with the US Justice Department accusing the planemaker of violating the terms of the deferred prosecution deal.
29 mins ago
The naira recorded its first appreciation against the dollar at the official foreign exchange market after weeks of depreciation. Analysts say the decline is due to decline in dollar liquidity in the official market. Dipo Ajayi, the Head, Fixed Income and FX at Chapel Hill Denham Securities, joins CNBC Africa for this discussion.
Latest
39 mins ago
Sprint legend Usain Bolt helped unveil a new cricket venue at Eisenhower Park on Wednesday (May 15) ahead of the T20 World Cup, which kicks off next month.
42 mins ago
Elon Musk announces plans to charge new X users for basic functions
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Saturday.
1 day ago
In today's fast-paced world, stress has become a constant companion for many of us. But did you know that this stress can take a toll on our health, especially our blood pressure?
Hypertension, or high blood pressure, occurs when the force of blood against the walls of your arteries is consistently too high. This puts strain on your heart and blood vessels, increasing your risk of serious health problems. Here is how to manage it.
1 day ago
"Unfortunately the condition continues to be very serious due to the complicated nature of the wounds, but we all want to believe firmly that we will succeed in managing the situation," said Kalinak, who also serves as deputy prime minister
1 day ago
A black swan moment. The assassination attempt of populist Slovak leader Robert Fico has shocked both Slovaks and Europeans. But in hindsight it is easy to point to security lapses and a climate of verbal violence in a country that finds itself increasingly polarised. Our guests take a look.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.