European business activity slows in June as higher interest rates begin to bite
Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary…
Americans’ buying power rose for first time since March 2021 amid falling inflation
Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…
Bank of England surprises with 50 basis point rate hike to tackle persistent inflation
LONDON — The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its…
Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is…
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…
‘Bite of these higher rates is gaining traction almost every day,’ KBW CEO Thomas Michaud warns
A major financial services CEO warns the economy hasn’t fully absorbed higher interest rates yet. Thomas Michaud, who runs Stifel…
Inflation report Tuesday will be critical for the direction of Fed policy
Inflation data from May will show that the price increases that have been bedeviling consumers for the past two years…
Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows
China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to…
Euro zone enters recession after Germany, Ireland growth revision
The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the…
China’s big banks cut deposit rates, signaling monetary easing ahead
BEIJING — China’s largest banks cut interest rates for savers on Thursday in a bid to boost growth in an…
