Central banking

JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…

Federal Reserve minutes indicate worries over lack of progress on inflation

Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the…

Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says

Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…

UK inflation comes in hotter than expected, slashing June rate cut bets

LONDON — U.K. inflation came in hotter than expected with a drop to 2.3% in April, the Office for National…

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central…

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

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Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years

LONDON — A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders…

Watch Governor Andrew Bailey speak after the Bank of England’s rate decision

[The stream is slated to start at 7:30 a.m. ET. Please refresh the page if you do not see a…

Turkey’s inflation accelerates to nearly 70% in April

Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. The highest consumer…

Fed keeps rates steady as it notes ‘lack of further progress’ on inflation

WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a…