Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor…
Fed holds rates steady and notes progress on inflation
WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to…
Euro zone inflation rises to 2.6% in July, above expectations
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday, even…
Here’s everything you need to know about the Fed decision coming Wednesday
This week’s Federal Reserve meeting is not much about the present but potentially very much about the future. If things…
UK inflation holds steady at Bank of England’s 2% target, above expectations
U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The…
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he…
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described…
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at…
UK inflation falls to Bank of England’s 2% target ahead of elections
U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday,…
Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its…
