Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the ...
Tag: Breaking News: Economy
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
The HSBC Holdings Plc headquarters building in Hong Kong, China.Paul Yeung | Bloomberg | Getty ImagesLONDON — Markets have entered ...
UK and Switzerland sign post-Brexit financial services deal
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal.Sopa Images | ...
UK inflation slide fuels rate cut bets and jolts markets
LONDON, UK - Sept. 2021: People seen dining outdoors in Soho in London in September 2021.SOPA Images | LightRocket | ...
Shippers have already diverted about $35 billion in cargo from the Red Sea amid fears of attacks
So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they ...
Fed sparks irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila ...
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table ...
Bank of England set to hold interest rates as economists debate 2024 cuts
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams ...
Here’s the inflation breakdown for November 2023 — in one chart
Kentaroo Tryman | Maskot | Getty ImagesInflation declined slightly last month on the back of weaker prices at the gasoline ...
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. ...
