Economy

Something broke, but the Fed is still expected to go through with rate hikes

When the Federal Reserve starts to raise interest rates, it generally keeps doing so until something breaks, or so goes…

Honduras ditching Taiwan raises larger geopolitical concerns

Honduras’ decision to cut diplomatic ties with Taiwan in favor of China is yet another sign of growing Chinese influence…

Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest…

Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil

Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting…

Wholesale prices post unexpected decline of 0.1% in February; retail sales fall

Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its…

One of the best ways to figure out what the Fed will do next is to look at regional bank stocks

Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding…

Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy

Goldman Sachs on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks…

Long-awaited Fed digital payment system to launch in July

The Federal Reserve’s digital payments system, which it promises will help speed up the way money moves, will debut in…