Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates...
Here’s what could trigger a lasting rally in gold prices
Gold has failed to show its value as a haven investment so far this year, with prices marking their lowest settlement since the spring of...
Strong Dollar Extends Gains With No End to Rally in Sight
Fears of a global recession and deepening woes in Europe are pushing the dollar higher, and few on Wall Street expect to see a change...
Fed’s Waller says CPI was ‘major league disappointment,’ leaves door open for 100 basis move
Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest rate hike in July, but he left the door open...
When will inflation peak? Consumers and economists see light at the end of the tunnel (it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic...
Home builders slash prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes...
India’s Central Bank Takes Steps to Stem Rupee’s Slide
India’s central bank has relaxed debt-market rules for foreign portfolio investors and allowed commercial banks to raise interest rates on nonresidents’ foreign-currency deposits in a...
The Fed Can’t Print More Workers
The Federal Reserve is raising rates, the U.S. economy is weakening and recession talk is on the rise. But the biggest impediment to the job...
Inflation is ‘just too high and doesn’t seem to be coming down’: Fed’s Waller backs big interest-rate hikes
Federal Reserve Gov. Christopher Waller on Thursday said he backs big increases in a key U.S. interest rate over the next several months to drive...
Consumers Say 2022 Is the Worst Economy Ever
One of the biggest threats to markets fails a basic sanity check. The threat is that households are the most depressed they have been since...