Iran lawmakers fire finance minister as economic woes mount
The country’s parliament voted Sunday to fire the country’s finance minister amidst the economic turbulence caused by America’s withdrawal from the nuclear deal...
Tag : unemployment
ANC member Makhosi Khoza quits politics
“Retiring from politics means I will work with all citizens irrespective of their political affiliations,” says leader Makhosi Khoza...
US labour market continues to tighten
Wage growth raises inflation expectations...
Fall in unemployment benefits claimants in US
Fewer claims than anticipated in the last week of December...
US Fed hikes interest rate
The hike is only the second since 2008 IFM Correspondent December 15, 2016: Citing an improving economy, the US Federal Reserve raised its key interest rate on December 14 for the first time in 2016 by a quarter percentage point. In a statement after a two-day meeting, the Fed said policymakers unanimously agreed to lift...
US Fed monetary policy: A moving target
Interest rates unchanged following the September meeting Ken Taubes September 26, 2016: As expected, the Federal Reserve Board left interest rates unchanged following the September meeting of the Federal Open Market Committee (FOMC). In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds...
Dim outlook for Europe in 2016
Challenging political landscape, persistent high unemployment and a weak euro are a few of the challenges Suparna Goswami Bhattacharya February 2, 2016: Europe had been in the news in 2015, not every time for the right reasons though. Grexit, the Volkswagen scandal, migration crisis, Paris attacks were some of the low points which made economists...
Challenges of Saudisation
To meet demand from industries, the Saudi government is opening colleges and universities to foster skill development among its youth Suparna Goswami Bhattacharya July 13, 2015: For decades now, Saudi Arabia has managed to attract talented expats from around the world. The region, in fact, became a favourite destination for those looking to work outside...
Phillips Curve Model
Phillips observed that one stable curve represents the trade-off between inflation and unemployment and they are inversely related. In other words, if unemployment decreases, inflation will increase and vice versa. 16th October 2013 The Phillips curve suggests there is an inverse relationship between inflation and unemployment, it is an ideal guide for policy makers (central...
The Most Powerful Central Banker in the World
Yellen, 67, presently the vice-chairwoman of the Board of Governors of the Federal Reserve System will be the first woman to head the central bank in its 100 year old history. 10th October 2013 At a time where women are taking over coveted positions in corporates and other sectors, the banking sector is no exception....