IMF tells central banks to focus on inflation as recession looms
IMF cuts 2023 global growth to 2.7% on war and downturns
INFLACIÓN
![IMF tells central banks to focus on inflation as recession looms]()
US inflation falls to 8.5% in July
Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.
![US inflation falls to 8.5% in July]()
Inflation in OECD countries soars to 9.6%
The Paris-based group reported that annual inflation for the OECD area rose to 9.6% in May, up from 9.2% in April — marking the sharpest price rise since 1988.
![Inflation in OECD countries soars to 9.6%]()
Biden pushes Congress for three-month gas tax holiday
The Democratic president also called on states to suspend their own gas taxes or provide similar relief, and he delivered a public critique of the energy industry for prioritizing profits over production.
![Biden asks Congress for gas tax holiday to lower record pump prices]()
Biden says Americans 'really, really down'
In a rare interview, President Joe Biden has said Americans are "really, really down" as they grapple with soaring inflation after two years of a pandemic.
![Biden says Americans 'really, really down']()
Argentina's central bank hikes rates to 60% as the currency collapses
Argentina's central bank yanked its benchmark interest rate up to a dizzying 60 per cent in a bid to control rampant inflation as the country's currency plummeted 15.8 per cent to a record low 40.5 pesos per US dollar.
![The Argentine peso crashed to record lows on the news. It saw steep losses in the previous session and collapsed another 15 percent to hit 40 pesos against the U.S. dollar on Thursday morning.]()
Venezuela's 95% Devaluation Adds to Chaos After Drone Attack
Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend -- a 95 percent plunge that will test the capacity of an already beleaguered population to stomach even more pain.
![Venezuela’s massive currency devaluation adds to chaos in the country]()
Argentina's central bank raises rates
Argentina's central bank has raised interest rates as the country's currency, the peso, continues to fall sharply.
![Argentina raises rates.]()
