Italian bank stocks rebound as government waters down windfall tax
A pedestrian wearing a protective face mask walks in front of a UniCredit SpA bank branch in Milan, Italy, on Thursday, Sept. 3, 2020. Camilla...
U.S. political polarization means Fitch debt downgrade is here to stay, economist says
Fitch Ratings in New York, United States. Cem Ozdel | Anadolu Agency | Getty Images Growing political instability means the U.S. will not regain its...
European Central Bank raises rates by 25 basis points at June 2023 meeting
The European Central Bank on Thursday announced it is taking its main rate up by 25 basis points to 3.5%, diverging from a U.S. Federal...
Fed’s Kashkari says June rate pause wouldn’t show end to hiking cycle
Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank’s commitment to bringing inflation under control through monetary policy tightening, and said his biggest...
Fed may be forced to defy market expectations and hike: Economist
Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE),...
Global debt near record highs as the new monetary era triggers ‘crisis of adaptation’
HIROSHIMA, JAPAN – MAY 17: People walk beneath a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023...
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
A clerk uses a credit card reader to charge a customer in Miami. Getty Images Total consumer debt hit a fresh new high in the...
Debt in advanced economies piles on to global challenges, says World Bank president
David Malpass, president of the World Bank Group in Washington, DC, on April 13, 2023 Bloomberg | Bloomberg | Getty Images Developed economies across the...
Fed increases rates a quarter point and signals a potential pause
The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the...
Live updates: Fed decision May 2023
Fed statement changes line about ‘additional policy firming’ One major change in Wednesday’s Fed statement is the omission of a key phrase that in prior...