Bank of Japan’s Interest Rate Moves and the Record Price of Gold
Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all...
Fed Rate Cut Latest: Slow Inflation Retreat to Bolster Powell’s Patience
Inflation in the US probably abated only gradually last month and retail sales rebounded, illustrating why the Federal Reserve is in no rush to lower...
Powell Says Fed Is ‘Not Far’ From Confidence to Cut Interest Rates
Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to...
2024 Interest-Rate Cut Races Debt to Avoid Hard Landing
Call it the year of the pivot. After their most aggressive interest-rate hiking cycle in four decades, key central banks in 2024 will be shifting...
European Central Bank hikes rates to record level
President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the...
Interest Rates Latest: Final Hiking Stretch Will Be Hardest, BIS Says
The unprecedented cycle of global interest-rate increases is entering its most challenging stretch as inflation threatens to become entrenched, according to the Bank for International...
Euro zone enters recession after Germany, Ireland growth revision
The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first...
Gold advances on fresh banking jitters as Fed verdict looms
Bars of gold are seen at the Krastsvetmet company, one of the world’s largest producers of precious metals in Moscow, Russia on January 31, 2023. ...
ECB said it’ll stay the course on rate hikes. But it’s not clear for how long
Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images European Central Bank President Christine Lagarde has repeatedly used the...
Business activity slows on surging energy costs
Business sentiment in the euro area dropped once again ahead of an ECB meeting where President Christine Lagarde is expected to raise rates again. Anna...