Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday that the central bank's decision to hold steady on rates earlier this month was the right move, and it’s unclear whether more monetary policy changes will be needed in coming months.
The World Bank on Thursday proposed steps that would boost its lending to developing countries by an additional $100 billion over a decade as part of an ongoing reform process aimed at helping the bank expand its mission to include climate change.
Federal Reserve Chair Jerome Powell has indicated that a majority of officials are supporting a rate hike in 2023, according to discussions during a town hall event in Washington on Thursday. The decision is primarily driven by recent improvements in the labor market, which have prompted the Federal Reserve to consider tightening its monetary policy.
Consumer inflation in Japan’s capital grew slightly less than expected in September amid some cooling in consumer spending, although the reading still remained above the Bank of Japan's annual target.
Vietnam's gross domestic product is expected to have grown 5.33% in the third quarter from a year earlier, according to data released by the country's statistics agency on Friday.
Singapore's industrial output in August plunged 12.1% year-on-year, contracting for an 11th consecutive month and more steeply than expected, official data showed on Tuesday.
