Fed raises GDP and inflation outlook, while keeping rate cut forecast
Federal Reserve members still see three interest rate cuts in 2024 despite an improving outlook for economic growth. The Federal…
Fed holds rates steady and maintains three cuts coming sometime this year
The Federal Reserve on Wednesday held interest rates steady as expected and signaled it still plans multiple cuts before the…
Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday
The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing…
Turkey opts for new tightening strategy after signaling a pause to hikes
Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling…
Voters blame businesses more than Biden for sticky inflation
President Joe Biden is starting to win the inflation blame game against corporations. A recent Financial Times-Michigan Ross online poll…
A key inflation reading is due out Tuesday morning. Here’s what to expect
Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a…
Powell reinforces position that the Fed is not ready to start cutting interest rates
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but…
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
China’s central bank governor says there’s room to cut banks’ reserve requirements
BEIJING — The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take…
Fed Chair Powell testifying to House on Wednesday. What investors are expecting
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how…
