Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike
Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve…
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…
15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer
The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…
Here’s what to expect from the Federal Reserve meeting Wednesday
Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest…
A ‘momentous week’ ahead as the Fed, ECB and Bank of Japan near pivot point
The U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce key interest rate decisions this week,…
UK inflation rate slides to 7.9% in June, below expectations
LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters…
St. Louis Fed President Bullard says he’s stepping down in August
The St. Louis Federal Reserve announced Thursday that Jim Bullard will step down from his post as president, effective Aug.…
Strategist David Roche says we’ll avoid a global recession, central banks will ‘change the goalposts’
The global economy will likely avoid a recession and central banks will need to “change the goalposts” on inflation, according…
This is ‘the end of the beginning’ of the battle against inflation, economist says
Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices…
Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
Almost all Federal Reserve officials at their June meeting indicated further tightening is likely, if at a slower pace than…
