Browsing: Economy

A chorus of Federal Reserve officials are opening the door to at least one more interest rate hike in coming months amid signs of underlying inflationary…

(Bloomberg) — Federal Reserve Chair Jerome Powell gave a clear signal he is open to pausing interest-rate increases next month and said that tighter credit conditions…

St. Louis Fed President James Bullard on Monday said he would like to see two more quarter-percentage-point interest-rate hikes this year. “I think we’re going to…

Historically high inflation took a notable toll on Americans’ finances last year, when rising prices outpaced wage gains and chewed into household budgets, according to newly…

By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not…

As President Joe Biden and House Speaker Kevin McCarthy prepare to meet Monday afternoon over the debt-ceiling standoff, it’s really getting to be crunch time. “We…

LONDON (Reuters) – The European Central Bank must continue its fight to tame inflation “with determination” because wages are rising, fiscal policy is too generous and…

Minneapolis Fed President Neel Kashkari wants bank ownership to put more of its own money on the line so that U.S. taxpayers don’t have to cover…

By Doina Chiacu and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more mergers may be necessary after a…

(This May 18 story has been corrected to say that the company will reduce its global workforce by 30%, not the U.S. workforce, in paragraph 1)…