Fed approves hike that takes interest rates to highest level in more than 22 years
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their…
15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer
The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…
Here’s what to expect from the Federal Reserve meeting Wednesday
Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest…
A ‘momentous week’ ahead as the Fed, ECB and Bank of Japan near pivot point
The U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce key interest rate decisions this week,…
Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth
WASHINGTON — Morgan Stanley is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy…
Goldman Sachs cuts odds of a U.S. recession in the next year
Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down…
Strategist David Roche says we’ll avoid a global recession, central banks will ‘change the goalposts’
The global economy will likely avoid a recession and central banks will need to “change the goalposts” on inflation, according…
White House takes a victory lap after inflation report comes in cooler than expected
WASHINGTON — President Joe Biden on Wednesday celebrated new data that showed inflation cooling more quickly than expected. “Good jobs and…
Biden advisor defends stimulus and inflation surge: ‘The real cause was the global pandemic’
The Covid-19 pandemic, rather than Joe Biden’s economic policies and stimulus packages, is the “real cause” of high inflation, according…
This is ‘the end of the beginning’ of the battle against inflation, economist says
Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices…
