The President of the United States Federal Reserve (Fed), Jerome Powell, indicated that the monetary authority must act "directly" to contain the rise in prices and comply with its mandate, which opens the door to another bulky rise in prices. interest rates in two weeks.
"We have to act now,…
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Browsing Tag
inflation
Swiss unions ask for salary increase as inflation rises
The increase in gas and electricity prices, among the main consequences of the inflationary escalation in Europe, has led Swiss unions to request wage increases of between 4 and 5% to meet expenses.
It is no secret to anyone that the rise…
Government of Portugal will give aid to households against inflation
The Prime Minister of Portugal, António Costa, announced on Monday a series of government measures that seek to help citizens face inflation, which includes an aid plan for 2.4 billion euros.
According to Costa, a check for 125 euros per…
The IMF calls for no increase in public spending
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, considered it incorrect to increase public spending to deal with inflation, for which she invited countries to take measures to support the most…
August inflation in Venezuela was 17.3 %
Inflation in Venezuela registered an increase of 17.3 % in August compared to the previous month, which represents the highest price variation in the last 12 months, according to data published by the Venezuelan Finance Observatory.
With…
ILO indicates reduction in unemployment rate in Latin America
Recent estimates from the International Labor Organization indicate a drop in the unemployment rate in Latin America and the Caribbean when comparing figures with the same period in 2021.
According to the ILO, the previous year, the…
The Netherlands will raise the minimum wage in 2023
The Government of the Netherlands announced that a 10 % increase in the minimum wage is planned for 2023.
The measure, which will be accompanied by the injection of some 15,000 million euros, aims to deal with the effects of inflation, as…
Eurozone faces a moderate recession
The economy of the Eurozone is facing a slowdown after the strong rebound in growth experienced, which could even become a "moderate recession", but far from a crisis scenario like that of 2008, according to the chief economist of the…
Inflation in the Eurozone stood at 9.1%
The year-on-year inflation rate in the euro zone stood at 9.1% in August, compared to the 8.9% registered in July, which represents the highest increase in prices in the euro region in the entire historical series and more than four times…
Biden signs Inflation Reduction Act
Joe Biden signed the Inflation Reduction Act on Tuesday, which he described as one of the most important in history. It is a key law that contemplates more funds to combat climate change, increases taxes on companies and expands medical…
Germany announces a plan of reductions and tax aid against inflation
The German Minister of Finance, Christian Lindner, announced this Wednesday a package of fiscal measures of up to 10,000 million euros to offset the impact of high inflation on the purchasing power of citizens, including tax cuts and an…
US inflation was subdued
The year-on-year inflation rate in the United States stood at 8.5 % last July, six tenths below the 9.1 % observed in June and the lowest rise in prices since last April, according to the United States Bureau of Labor Statistics.
The…