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Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation
Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring
New Zealand Shocks With Big Rate Rise as Some Central Banks Pause
The Reserve Bank of New Zealand said its half-percentage-point increase was necessary to curb stubbornly high inflation. Source link
Apartment-Building Sales Drop the Most in 14 Years
Interest-rate increases and banking turmoil push down demand for multifamily buildings. Source link
U.S. Job Openings Dropped in February
The number of job openings fell below 10 million for the first time in nearly two years, a sign that employers’ demand for workers eased.
Arizona Fight Over Half-Cent Sales Tax Threatens Semiconductor Expansion
A plan to renew a four-decade-old levy that has funded the highway system widens the GOP’s fissure with businesses. Source link
Jamie Dimon on Banking Turmoil: 'This Wasn't the Finest Hour for Many Players'
The JPMorgan CEO says regulations need tweaking following the failures of Silicon Valley Bank and Signature. Source link
Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy
Riyadh needs to keep prices high enough to fund grandiose gigaprojects. Source link
Australia’s Central Bank Jumps Ahead of Fed by Holding Interest Rates Steady
World Central bank says it is ready to resume tightening if price pressures intensify again Source link
China’s Smaller Cities Struggle to Unload Empty Apartments
World Asia China Around a third of all newly completed apartments in the country went unsold in 2022 Source link
OPEC+ Oil Market Move Less Surprising Than It Seems
The latest output cut took the markets by surprise, but conditions might have justified it. Source link