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US Fed expected to slow pace of rate hikes as inflation eases
US Fed expected to slow pace of rate hikes as inflation eases
Business and Economy
by  AFP

US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of a smaller hike to its benchmark lending rate as inflation showed signs of easing. Analysts widely expect the Fed to adopt a smaller, half-point hike on Wednesday, with Ian Shepherdson of Pantheon Macroeconomics calling it a "a done deal" in an analysis.

Growth downgrade for China 'very likely' on Covid surge: IMF chief
Growth downgrade for China 'very likely' on Covid surge: IMF chief
Business and Economy
by  AFP

A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions bringing a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday. While China's zero-Covid policy has battered its economy, "the easing of restrictions is going to create some difficulties over the next months" as well, Georgieva said.