Veteran banker Jeffrey Schmid picked to lead Kansas City Fed
The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course…
Treasury Secretary Yellen says surprising Fitch downgrade is ‘entirely unwarranted’
WASHINGTON — Treasury Secretary Janet Yellen on Wednesday denounced Fitch’s decision to downgrade the United States’ longstanding credit rating that…
Private sector added 324,000 jobs in July, well above expectations, ADP says
Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality…
U.S. debt downgrade sinks global markets — but economists are not concerned
Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top…
Job openings, layoffs declined in June in a positive sign for the labor market
Job vacancies and layoffs edged lower in June, according to a report Tuesday that points to a stable labor market.…
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…
