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US Fed's caution on rate cuts could cause friction with Trump
US Fed's caution on rate cuts could cause friction with Trump
Economy
by  AFP

Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. In Trump's orbit, there is also strong disagreement that some of the proposed policies are actually inflationary.

Japanese inflation jumps to 2.7% in November
Japanese inflation jumps to 2.7% in November
Economy
by  AFP

Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly due to higher energy costs, government data showed Friday. "Core core CPI", which excludes both fresh food and energy prices, stood at 2.4 percent.

New Nike CEO vows turnaround after earnings drop
New Nike CEO vows turnaround after earnings drop
Economy
by  AFP

Nike reported lower profits on another drop in revenue Thursday, with new CEO Elliott Hill vowing to get the slumping sports giant back on track. A self-described Nike "lifer" who first joined the company as an intern, Hill retired from the sports giant in 2020.