Economy

Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it…

Watch Federal Reserve Chair Jerome Powell speak live in Atlanta on policy

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a…

Crypto ally Rep. Patrick McHenry fights for industry-backed regulation bill

WASHINGTON — One of crypto’s most powerful allies in Congress is fighting this week to make sure that an industry-backed…

Return to office is ‘dead,’ Stanford economist says. Here’s why

The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work…

Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive…

What one Swiss bank’s troubles can tell us about market vulnerabilities — and social media

The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of…