Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers…
Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’
Turkey’s newly appointed central bank governor, Fatih Karahan, has his work cut out for him, after being named to the…
Red Sea tensions risk significantly higher inflation, OECD warns
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation,…
Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says
The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the…
Turkey’s inflation sees biggest monthly jump since August, nears 65% year on year
In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation…
U.S. economy added 353,000 jobs in January, much better than expected
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised…
Divided Bank of England leaves policy unchanged, says interest rates are ‘under review’
LONDON — The Bank of England held interest rates steady at 5.25% on Thursday, with the announcement detailing the very divided…
Euro zone inflation eases as expected, but core figures disappoint
Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed Thursday, while…
Fed holds rates steady, indicates it is not ready to start cutting
WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made…
Bank of England could be about to open the door to interest rate cuts
LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market…
