Fed Governor Waller casts doubt on need to conduct climate change tests for banks
Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing…
UK economy grows by 0.1% in the first quarter but inflation continues to weigh
LONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March, official figures…
Shifting to life post-Covid: How remote work transformed this city in the Midwest
Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid…
Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation
Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department…
Bank of England governor says the UK is facing a wage-price spiral
LONDON — After more than a year of warnings, Bank of England Governor Andrew Bailey says the U.K. is now…
Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation
WASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great…
How the A.I. explosion could save the market and maybe the economy
A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to…
