Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates…
Workers are sour on the job market — but it may not be warranted
Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index…
Fed’s favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago
An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close.…
ECB’s Lagarde responds to scathing staff survey: ‘I’m very proud and honored to lead the institution’
President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership…
The U.S. economy grew at blistering 3.3% pace in Q4 while inflation pulled back
The economy grew at a much more rapid pace than expected while inflation eased in the final three months of…
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.…
