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
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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…
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or…
IMF chief warns of emerging market risk with high U.S. interest rates
Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a…
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well,…
Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025
If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t…
