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Banking

Russia’s depleted workforce threatening economic growth, says central bank

Pedestrians walk past the Central Bank headquarters in Moscow, Russia, August 15, 2023. REUTERS/Shamil Zhumatov/File photo Acquire Licensing RightsThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 9 (Reuters) - Russia's depleted labour force is causing acute labour shortages and threatening economic growth, Central Bank Governor Elvira Nabiullina said on Thursday, as Moscow pumps fiscal and physical resources into the military.Russia's military production focus as it prosecutes what it calls a "special military operation" in Ukraine is pulling funds away from...
Banking

Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign

Central bank's policy rate remains in 5.25%-5.50% rangeFed says economy grew at 'strong' pace in third quarterTraders add to bets that Fed is done raising ratesWASHINGTON, Nov 1 (Reuters) - The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.Fed Chair Jerome Powell said the situation remained something of a riddle, with U.S. central bank officials willing to raise rates again...
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