* May nationwide core CPI up 2.1%, matching f'cast. * Core-core CPI up 0.8% in sign of broadening price rises. * Data to complicate BOJ's view on keeping policy loose. By Kantaro Komiya and Leika Kihara.
The Federal Reserve's commitment to reining in 40-year-high inflation is "unconditional," U.S. central bank chief Jerome Powell told lawmakers on Thursday, even as he acknowledged that sharply higher interest rates may push up unemployment.
- The Federal Reserve's commitment to reining in 40-year-high inflation is "unconditional," U.S. central bank chief Jerome Powell told lawmakers on Thursday, even as he acknowledged that sharply higher interest rates may push up unemployment.
Brazil's antitrust watchdog has given an investment fund managed by Canada's Brookfield
Asset Management (BAM) the greenlight to purchase assets from rental car companies Localiza and Unidas, the firms said on Wednesday.
JPMorgan Chase & Co (JPM) is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported https://bloom.bg/3OfO6z4 on Wednesday, citing people familiar with the matter. A spokesperson for the bank did not immediately respond to a Reuters request for comment.
* JPMORGAN LAYS OFF HUNDREDS IN MORTGAGE BUSINESS AFTER RATE SURGE- BLOOMBERG NEWS. * TOTAL AFFECTED WILL BE MORE THAN 1,000 WORKERS, WITH ABOUT HALF MOVED TO DIFFERENT DIVISIONS WITHIN THE BIGGEST US BANK- BLOOMBERG NEWS Source text for Eikon: [https://bloom.bg/3zW7fSf]
Gold prices eased on Wednesday as the
dollar firmed, although bullion still traded in a narrow range
as investors awaited fresh cues from top central banks on their
monetary policy plans, especially ...
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