Fed’s Waller wants more evidence inflation is cooling before cutting interest rates
Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he…
Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…
Germany slashes 2024 growth forecast to just 0.2% as economy in ‘tricky waters,’ minister says
Germany’s gross domestic product is now expected to grow by just 0.2% this year, as the country wades in “tricky…
UK posts record budget surplus in January
LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures…
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected…
Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was…
January wholesale prices rise more than expected, another sign of persistent inflation
Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor…
British retail rebound provides some hope for recession-hit economy
LONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and…
