Banks say conditions for loans to businesses and consumers will keep getting tougher
Lending conditions at U.S. banks are tight and likely to get tighter, according to a Federal Reserve survey released Monday.…
Niger coup draws condemnation from Russia and the West as regional body threatens force
LONDON — West African leaders on Sunday threatened military action against the junta that seized power last week in a…
Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues
Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in…
Key Fed inflation rate falls to lowest annual level in nearly 2 years
Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely.…
The Bank of Japan just shocked markets with a policy tweak — here’s why it matters
The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank…
Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate
Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said…
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected…
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate…
CME Group CEO Terry Duffy: Manage your risk because everyone I’ve talked to got Fed ‘dead wrong’
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO…
Fed approves hike that takes interest rates to highest level in more than 22 years
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their…
