Bank of England warns that higher rates ‘have yet to come through’ to an already weak economy
LONDON — The Bank of England on Wednesday warned that although household finances are faring better than expected, higher borrowing…
Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs
DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters…
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending…
Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be…
Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected
Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive…
Here’s what it would take for the Fed to start slashing interest rates in 2024
Interest rate cuts don’t happen during good times, something important for markets to remember amid hotly anticipated easing next year…
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected…
Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate cuts
The U.S. economy is “back to normal” for the first time in two decades, but the market is getting ahead…
Fed’s Waller expresses confidence that policy is in the right place to bring down inflation
Federal Reserve Governor Christopher Waller said Tuesday he’s growing more confident that policy is in a place now to bring…
‘Funflation’ drives sporting event ticket prices up a whopping 25%
Dan Hornberger has been a fan of the National Football League’s Philadelphia Eagles for as long as he can remember.…
