The Latest Breaking News from Monetary Policy

Small business owners are already being hit as consumers cut back on non-essentials

A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to currencies and bonds.

Retail inflation is poised to accelerate from a 13-year high with the government lifting a freeze on some retail fuel prices, boosting the odds for the Bank of Thailand (BoT) to pivot away from its pandemic-era monetary policy accommodation.

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

The Senate voted 52-43 Tuesday to confirm Lael Brainard, a member of the Federal Reserve board, to become vice chair, but fell short of the votes needed to move forward with Lisa Cook’s nomination to join the board.

Lisa Cook, who would become the first Black woman to join the Fed board, encountered another obstacle in COVID-19 cases among Democrats.

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Rates markets crossed two significant thresholds this week. One is that traders for the first time see the Federal Reserve raising its target interest rate by a half-percentage point in each of the next three meetings, in May, June and July, which would mark the biggest such increases since 2000.…

How RBI postponed the necessary course-correction