Turkey hikes interest rate again to 45% after inflation nears 65%
Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
Markets ‘complacent’ about the risks of a Trump win, strategist says
Markets are “fairly complacent” about the risks of a second Donald Trump presidency, which could trigger a “tantrum” in long-duration…
World’s largest hedge funds record bumper year of profits, research shows
The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed.…
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of a “very…
Watchdog report is critical of former Fed officials in stock trading controversy
A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse…
Yellen to step up campaign touting Biden’s economic record
The Biden administration is dispatching U.S. Treasury Secretary Janet Yellen to Chicago and Milwaukee this week as part of a…
Why that ‘last mile’ of the inflation fight may be more challenging
Inflation in the U.S. economy is on the retreat. But the road to ultimate victory may be harder than what’s…
No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…
American Express CEO says spending is strong, delinquencies are down from 2019
American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and…
