The Federal Reserve raised interest rates once again on Wednesday by 25 basis points, causing volatility in the stock market and surprising many experts who anticipated the recent bank failures might cause the Fed to change its pattern of policy. The Federal Reserve Chairman Jerome Powell explained that while the banking turmoil did raise conversations about a pause in rate hikes, the central bank ultimately needed to remain focused on its priority of fighting “inflation pressures continue to...
Bloomberg Creative/Getty Images (WASHINGTON) — Policymakers and investors will closely watch a decision from the Federal Reserve on Wednesday about whether to raise interest rates as the U.S. economy weathers two pressing challenges: a banking crisis and
(Bloomberg) -- All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldBiden Stunts Growth in China for Chipmakers Getting US FundsFed Caught Between Inflation and Bank CrisisFirst Republic Rescue May Rely on US Backing to Reach a DealSVB’s Loans to Insiders Tripled...
Finance Minister Chrystia Freeland outlined some of the key government spending priorities as she kicked off a week of pre-budget events. Speaking to a group of electrician students at a union training centre in Oshawa, Ont., Freeland emphasized that the federal government will continue to invest i
Israeli Prime Minister Benjamin Netanyahu fired his defense minister Sunday for breaking ranks on a controversial plan to increase government control over the country’s judicial system. The move prompted widespread protests, including by hundreds of people gathered outside Netanyahu’s Jerusalem home waving Israeli flags and chanting, “Democracy!” video shows. Gallant’s firing also led Israel’s consul
Soft drinks giants including Coca-Cola and the makers of Irn Bru have joined together to urge Scotland’s next first minister to make introducing deposit return a “top priority”.
UK inflation shot up unexpectedly last month – it comes as vegetable shortages pushed food prices to their highest rate in nearly half a century.
Tens of thousands of Israelis poured into the streets in protest after Netanyahu's announcement, blocking Tel Aviv's main artery.
Tens of thousands of Israelis poured into the streets in protest after Netanyahu's announcement, blocking Tel Aviv's main artery.
Prime minister Mark Rutte will meet the most senior cabinet ministers from the three coalition parties on Tuesday for talks to discuss the outcome of the provincial elections last week. All four coalition parties lost support in the vote, with the Christian Democrats hardest hit, while the pro-farmers party BBB topped the poll in all 12 provinces. ‘We are going to talk about all the signs of widespread unhappiness within the community which can be gleaned from the election results,’
The new SNP leader was accused of installing a publicly-funded 'nationalist campaigner' in the heart of his Government as he made his debut at First Minister's Questions at Holyrood.
Days after a heavily-armed assailant killed three 9-year-olds and three adults in a Nashville Christian school, lawmakers in Florida and Nebraska are close to rolling back gun control laws governing concealed weapons. If both states lift the requirements for permits that are now in place, the number of so-called permitless-carry states would rise to 27. The Nashville killings have sparked calls for new gun control laws, with demonstrations at Capitol Hill in Washington, D.C., and the...