Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.
The U.S. economy is still hot, which means that the real-estate industry will face headwinds in the coming months due to higher mortgage rates.
Inflation likely remained elevated once again for the month of March, adding another round of price increases to Americans' already-strained wallets. On paper, the U.S. economy looks solid. The unemployment rate has now remained below 4% for the longest stretch since the 1960s. Stocks are at all-time highs. The economy continues to add jobs. But since the start of the pandemic, Americans have seen average prices increase more than 20% overall — giving people a sense that the cost of many...
Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
Several ECB officials have made remarks about their expectations for interest rates in recent days.
State Street chief investment officer Lori Heinel believes a rate cut in June is "likely."
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."
Boeing is facing newly revealed whistleblower claims that its 787 Dreamliner planes have structural failings that could eventually cause them to break apart, adding to the unprecedented crisis facing the aviation giant. The Federal Aviation Administration is investigating claims made by Boeing engineer Sam Salehpour, The New York Times reported on Tuesday. In a lengthy response, Boeing strongly disputed the claims and said it was "fully confident" in the 787. But the new allegations come at a...
Denver has announced that the state’s rate of inflation has hit its lowest in three years. The news means the Mile-High City’s inflation has hit under 3% and well below