The Dow lost steam but the U.S. economy didn’t
People shop in a Manhattan store on July 27, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report […]
Prices
Turkey’s central bank more than doubles 2023 inflation forecast to 58%
Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. […]
ECB President Christine Lagarde speaks after rate decision
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raises rates by 25 basis points
The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a […]
Fed hikes may lead to more U.S. regional bank failures
«Shark Tank» investor Kevin O’Leary predicts the ongoing cycle of U.S. Federal Reserve rate hikes could lead to more regional U.S. bank failures. Fed Chair […]
Powell’s conference had something for everyone
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on […]
Fed meeting July 2023:
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than […]
Singapore’s GIC posts robust returns but says inflation is ‘sticky’
Signage of Singapore’s sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. Edgar Su | Reuters Singapore’s sovereign wealth fund […]
Millions pushed toward the brink of insolvency
U.K. Prime Minister Rishi Sunak conceded shortly after the BOE’s rate hike that the government’s mission to halve inflation to 5% by the end of […]