Lawmakers led by Democrats urge the Fed to halt rate hikes ahead of Wednesday’s announcement
WASHINGTON — A group led by several prominent Democratic lawmakers is calling on the Federal Reserve to halt rate hikes…
Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers
Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is…
U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing
Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation…
‘Easy money is behind us, the hard money is now,’ Stifel’s chief strategist warns
Stock pickers may have a clear edge over passive investors. According to Stifel’s Barry Bannister, the market is on a…
Standard Chartered CEO warns of risks in the banking sector that haven’t ‘come home to roost’
Standard Chartered‘s chief executive warned Monday that the banking sector may face fresh issues, even as the immediate risks from…
Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’
Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before…
Market may ignore recession for first time since 1945, RBC’s top strategist Lori Calvasina finds
Wall Street may be ripping a page out of the post-WWII era. According to RBC Capital Markets’ Lori Calvasina, stocks…
Fed expects banking crisis to cause a recession this year, minutes show
WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold
Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…
Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month
Wall Street is wrong about the Federal Reserve’s interest rate path, according to former Pimco chief economist Paul McCulley. Barring…
