Payrolls report Friday likely to show a jobs market that is still hot
The U.S. jobs market is still on fire, no matter how much effort policymakers put into cooling it off. Despite…
Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
Almost all Federal Reserve officials at their June meeting indicated further tightening is likely, if at a slower pace than…
A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…
Markets are pricing in rate cuts too soon, IMF’s Gopinath says
Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first…
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…
