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US Fed governor says a 'soft landing' is possible
US Fed governor says a 'soft landing' is possible
Economy
by  AFP

The US Federal Reserve may be on track to bring down inflation while avoiding a damaging recession, a senior policymaker said Thursday. "I continue to expect that we will need to increase the federal funds rate further to bring inflation down to our two percent target in a timely way," Bowman told a conference in Ohio earlier this month.

US auto worker strike hits October industrial production
US auto worker strike hits October industrial production
Economy
by  AFP

US industrial production declined more than expected in October, with the auto workers strike exerting downward pressure on a range of market groups, the Federal Reserve said Thursday. Among the major market groups, output was mixed, with the impact of strike action "exerting downward pressure on a number of categories," including the index for consumer durables, which fell 5.8 percent.