Overseas Headlines – January 24, 2022

United States:

Fed Seen Taking a Step Toward March Rate Increase: Eco Week

“Jerome Powell and his fellow Federal Reserve policy makers are expected to signal their first interest-rate hike since 2018, paving the way for a March move as the U.S. central bank tries to extinguish red-hot inflation.”



U.K. Services Firms Hike Prices as Material Costs, Wages Climb

“U.K. services firms increased their prices aggressively in January in an attempt to cover rising raw material costs, wages and energy bills, according to a survey of purchasing managers.”



China’s Massive Current Account, Capital Surpluses Underpin Yuan

“China posted strong foreign exchange inflows last year, thanks to record exports and high returns on domestic assets, helping to underpin the yuan’s rally. The surplus on the current account — the broadest measure of trade in goods and services — climbed to $224.2 billion last year, the highest since 2013.”




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