Economy

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…

Here’s what it would take for the Fed to start slashing interest rates in 2024

Interest rate cuts don’t happen during good times, something important for markets to remember amid hotly anticipated easing next year…

Fed’s Barkin says rate hikes are still on the table if inflation doesn’t continue to ease

Richmond Federal Reserve President Thomas Barkin said Wednesday that policymakers need to retain the option of raising interest rates if…