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…
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns
An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the…
Biden hails hot GDP report, but voters don’t see the rosy picture Wall Street does
WASHINGTON — The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence…
Watch live: ECB President Christine Lagarde speaks after opting to hold rates
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a…
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts
JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly…
Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be…
Stakes raised for Powell speech Thursday with 10-year yield on cusp of 5%. Here’s what he could say
Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address, with markets bracing that…
Top economists unanimous on ‘higher for longer’ rates as inflation threats linger
Top economists and central bankers appear to be in agreement on one thing: interest rates will stay higher for longer,…
Philadelphia Fed President Harker advocates holding interest rates ‘where they are’
Philadelphia Federal Reserve President Patrick Harker said Friday he thinks the central bank can stop raising interest rates. “Absent a…
Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty
In theory, getting inflation closer to the Federal Reserve’s 2% target doesn’t sound terribly difficult. The main culprits are related…
