‘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…
Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
Consumers have grown more confident about the direction of the economy and inflation at the onset of 2024, despite persistent…
Grim retail sales suggest possible recession for Britain
U.K. retail sales dropped significantly more than expected in December, in a sign that the economy may have entered a…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…
