Fed’s Mary Daly says it’s ‘too early to declare victory’ on inflation
Tighter monetary policy is helping bring down the pace of inflation but not to a level where policymakers should feel…
Powell says Fed is ‘not confident’ it has done enough to bring inflation down
Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of…
One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…
Bank of England governor says Israel-Hamas conflict poses risks to inflation fight
Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…
Labor costs show surprise decline in the third quarter
The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the…
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…
Suze Orman: ‘Big mistake if you park your money forever in bonds’
Suze Orman has a warning for investors relying too heavily on bonds. The personal finance expert believes the draw of…
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The…
‘Incredible alpha opportunities’ in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz
Several of Wall Street’s biggest names convened in Riyadh, Saudi Arabia, for the kingdom’s annual Future Investment Initiative, during which…
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024.…
