Key Fed inflation rate falls to lowest annual level in nearly 2 years
Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely.…
The Bank of Japan just shocked markets with a policy tweak — here’s why it matters
The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank…
Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate
Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said…
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected…
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate…
What new norm of slower Chinese growth could mean for the global economy
The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after…
Federal Reserve officially launches new FedNow instant-payments service
The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow…
Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities
The Federal Reserve’s top banking regulator expressed caution Tuesday about the impact that artificial intelligence can have on efforts to…
Goldman Sachs cuts odds of a U.S. recession in the next year
Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down…
The war against inflation is a long way away from being won
Don’t break out the party hats just yet: Despite recent signs that inflation is cooling, the fight to bring down…
