European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
FRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might…
Bank of England set to hold interest rates as economists debate 2024 cuts
LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for…
‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…
Here’s the inflation breakdown for November 2023 — in one chart
Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of…
Inflation slowed to a 3.1% annual rate in November
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations,…
Inflation fears down, consumer optimism up: Economy may start to help Biden with voters
Two new surveys released in recent days suggest consumers may be starting to feel more optimistic about inflation. This could…
U.S. pension funds heavily invested in China complicate Washington’s crackdown, new analysis finds
U.S. proposals to clamp down on investments in China may be being undermined by continued funding from some of America’s…
Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
The incoming head of one of the world’s largest development banks says it must become faster and more efficient in order…
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund…
