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Federal Reserve's Collins: Many businesses are expected to pass on the higher costs to consumers.

2026-11-13

Federal Reserve's Collins: Many businesses are expected to pass on the higher costs to consumers.

Other News
2026-11-13

The New York Fed's quarterly FX intervention report confirmed that on July 31 the U.S. Treasury, coordinating with Japan, sold euros from the Exchange Stabilization Fund to buy 79.4 billion yen in the spot market — roughly $497m at current rates. The

The New York Fed's quarterly FX intervention report confirmed that on July 31 the U.S. Treasury, coordinating with Japan, sold euros from the Exchange Stabilization Fund to buy 79.4 billion yen in the spot market — roughly $497m at current rates. The action was taken to counter what the Treasury judged to be disorderly yen moves; the report reiterated that the Federal Reserve did not participate. USD/JPY traded up to 163.9. Japan's Ministry of Finance data show Japan's intervention totaled a record $97.5bn as of Aug. 26.
2026-11-13

SMFG CEO said he personally believes the Bank of Japan is very likely to raise rates twice to 1.75% before next summer.

SMFG CEO said he personally believes the Bank of Japan is very likely to raise rates twice to 1.75% before next summer.
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