Breaking News: Economy

Bank of England set to hold rates, but falling inflation brings cuts into view

LONDON — The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists…

European Central Bank’s Lagarde signals June cut but says future rate path uncertain

European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but…

Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday

The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing…

Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting

The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall…

Turkey opts for new tightening strategy after signaling a pause to hikes

Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling…

Biden’s ‘billionaire tax’ takes aim at the super-rich — but can a wealth tax work in reality?

Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said…

This week provided a reminder that inflation isn’t going away anytime soon

From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation…

HSBC is ‘very positive’ about the future of China’s economy, CFO says

HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s…