A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
The consumer-price index, driven by fuel and housing costs, rose 0.4% from February, higher than the 0.3% expectedGlobal financial markets have scaled back expectations for an imminent cut in interest rates on both sides of the Atlantic after figures showed US inflation rose by more than expected in March.Figures from the US Department of Labor show a jump in fuel and housing rental costs drove up the consumer price index (CPI) to 3.5% in March compared with a year earlier, higher than expected...
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...
Jamie Dimon, the boss of JPMorgan Chase, said rates could climb due to
Almost a quarter of American shoppers owe more on their new car than it's worth. That makes buying a new vehicles very expensive
Markets will be hoping for stronger evidence that US inflation is falling to target when the latest figures are released on Wednesday.
Markets think the Bank of England will cut interest rates just twice in 2024 reflecting concerns around the persistence of inflation.
Kristalina Georgieva said the central bank should continue following economic data to determine when it's right to begin lowering.
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past.
State Street chief investment officer Lori Heinel believes a rate cut in June is "likely."
The CEO of Galaxy Investment Partners, Mike Novogratz, has voiced his concerns over the potential implications of a rate cut by the Federal Reserve on cryptocurrency and precious metals. read more
Paris agreement negotiator Todd Stern attacks premiers who say that decarbonisation programmes are unrealistic and should be slowed downPolitical leaders who present themselves as “grownups” while slowing the pace of climate action are pushing the world towards deeper catastrophe, a former US climate chief has warned.“We are slowed down by those who think of themselves as grownups and believe decarbonisation at the speed the climate community calls for is unrealistic,” said Todd Stern, who...