- Fed is about to raise interest rates
The Fed is preparing to raise interest rates in the first meeting under the leadership of Jerome Powell. The cost of money could rise by a quarter to 1.5-1.75%.
- US Duties, China: no one wins with commercial war
Beijing does not want a trade war with the United States from which no one would come out victorious: the Chinese Premier, Li Keqiang, declared it during the annual press conference closing the work of the National People's Congress.
- OECD, poverty in Italy is growing
In the last ten years, poverty in Italy has increased especially among young people, reflecting the ineffectiveness of anti-poverty programs. The OECD affirms this in a report prepared for the G20 by finance ministers and central bank governors.
- UK consumer spending stays in the doldrums in January: Visa
British shoppers spent less last month than the year before, causing spending in January to fall for the first time since 2013, according to a survey which underscored many households’ caution about their finances and the approach of Brexit. REUTERS
- IMF's Lagarde says market swings aren't worrying, but wants reforms
Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund said. REUTERS
- ISTAT will confirm debt falling - Padoan
Economy Minister Pier Carlo Padoan said Thursday he believed ISTAT would soon confirm that Italy's public debt is falling. "Public debt is starting to fall, we'll see the ISTAT data but I think so," Padoan said. ANSA