A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
(Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.
TSMC's CEO recently stated that microchips produced outside of Taiwan, including those in the US, will incur higher manufacturing costs. The Taiwanese foundry is currently expanding its production capacity globally, but this move will necessitate a revised pricing strategy to align with shareholder interests.Read Entire Article
High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.
Federal Reserve chair Jerome Powell on Tuesday suggested that interest rate
first-quarter earnings rose 6%, but the bank said Friday that higher
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
Markets think the Bank of England will cut interest rates just twice in 2024 reflecting concerns around the persistence of inflation.
April saw increases to benefits and the state pension
April saw increases to benefits and the state pension
The annual rate for Series I bonds could fall below 5% in May based on inflation and other factors, financial experts say. Here's what to know.