WASHINGTON, April 21 ― American firms are seeing increased business as Covid-19 cases decline across the world's largest economy, even as they struggle with rising prices and scarce staff, the Federal Reserve said yesterday.
However, “inflationary pressures remained strong” and companies are “continuing to pass swiftly rising input costs through to customers,” the report said. Those shocks have contributed to the high rate of inflation in the United States, which has prompted the Fed to begin hiking interest rates and signal plans to do so throughout this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US dollar rockets to 20-year peak vs yen on Fed, BoJ policy difference | Malay MailNEW YORK, April 20 ― The dollar surged yesterday to a 20-year high against the Japanese yen, underpinned by the divergence in monetary policy between a Federal Reserve determined to keep a lid on soaring inflation and a Bank of Japan that has kept interest rates ultra-low. The greenback hit...
Source: malaymail - 🏆 1. / 86 Read more »
European shares fall as Ukraine crisis, Fed tightening worries weigh | Malay MailBRUSSELS, April 19 — European shares were set for their worst day in nearly two weeks today as worries about the war in Ukraine, aggressive monetary policy tightening by the US Federal Reserve and a batch of upcoming earnings kept investors on edge. The pan-European STOXX 600 lost 0.8 per cent...
Source: malaymail - 🏆 1. / 86 Read more »
Just Eat Takeaway weighs Grubhub sale as pandemic boost fades | Malay MailAMSTERDAM, April 20 — Europe’s biggest meal delivery company Just Eat Takeaway.com is looking at selling US arm Grubhub less than a year after buying it, under pressure from investors to revive its shares amid stiff competition and a fading pandemic boost. In an abrupt turnaround, CEO Jitse...
Source: malaymail - 🏆 1. / 86 Read more »
US dollar rockets to 20-year peak vs yen on Fed, BoJ policy difference | Malay MailNEW YORK, April 20 ― The dollar surged yesterday to a 20-year high against the Japanese yen, underpinned by the divergence in monetary policy between a Federal Reserve determined to keep a lid on soaring inflation and a Bank of Japan that has kept interest rates ultra-low. The greenback hit...
Source: malaymail - 🏆 1. / 86 Read more »
Halliburton profit nearly doubles as crude surge boosts drilling demand | Malay MailHOUSTON, April 19 — Halliburton Co posted an 85 per cent rise in first-quarter adjusted profit today as a rally in crude prices boosted demand for its oilfield services and equipment. Crude prices rallied to their highest level in more a decade during the quarter after a slew of Western sanctions...
Source: malaymail - 🏆 1. / 86 Read more »
European shares fall as Ukraine crisis, Fed tightening worries weigh | Malay MailBRUSSELS, April 19 — European shares were set for their worst day in nearly two weeks today as worries about the war in Ukraine, aggressive monetary policy tightening by the US Federal Reserve and a batch of upcoming earnings kept investors on edge. The pan-European STOXX 600 lost 0.8 per cent...
Source: malaymail - 🏆 1. / 86 Read more »