Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for…
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its…
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…
Biden order curbing investment to China expected next week
President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China…
The story of inflation, as told through your child’s backpack
Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…
Here’s where the jobs are for July 2023 — in one chart
The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total. The…
July jobs report: U.S. payroll growth totaled 187,000, lower than expected
Job growth in July was less than expected, pointing to a slower pace in the U.S. economy though perhaps not…
Warren Buffett says he’s not worried about Fitch’s U.S. downgrade
Warren Buffett shrugged off Fitch’s U.S. credit rating downgrade, noting it doesn’t change what his conglomerate, Berkshire Hathaway, is doing…
The Fitch U.S. ratings cut is here to stay, says analyst who worked on the S&P downgrade in 2011
Growing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to…
