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…
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back…
Watch Fed Chair Powell speak live during a policy forum in Washington
[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a…
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal…
‘Lose-lose situation’: New Swiss bank laws could derail UBS’ challenge to Wall Street giants
Switzerland’s tough new banking regulations create a “lose-lose situation” for UBS and may limit its potential to challenge Wall Street…
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate
Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected…
Economist El-Erian says the Fed has turned into a play-by-play commentator
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief…
Watch Fed Chair Powell speak live at Stanford policy conference economic forum
[The stream is slated to start at 12:10 p.m. ET. Please refresh the page if you do not see a…
Turkey’s inflation climbs to 68.5% despite continued rate hikes
Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to…
Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa’s largest economy…
