Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September 20, 2023 at the Federal...
Why Bill Ackman thinks the economy will soon need a Fed rate cut
Stock markets are setting up for another day of gains, thanks to Fed Gov. Christopher Waller, who sparked fresh optimism that the central bank is...
Gold at six-month high as dollar declines and investors eye rate cuts
Ingots of 99.99 percent pure gold are placed in a workroom at Novosibirsk Refining Plant, Russia on September 15, 2023. Alexander Manzyuk | Anadolu Agency...
Powell says Fed is ‘not confident’ it has done enough to bring inflation down
Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether...
Foreign Firms Pull Billions in Earnings Out of China
Updated Nov. 6, 2023 11:49 am ET SINGAPORE—For years, foreign companies plowed the profits they made in China back into China, using the cash to...
Housing affordability drops to the lowest level since 1984
It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report....
Zombie firm bankruptcies amid Fed interest rate hikes
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years...
62% of Americans live paycheck to paycheck amid inflation
‘Inflation is still too high’ The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, even though...
What Can the Fed Do About the Deficit? Nothing
Federal Reserve officials say soaring long-term bond yields are a key factor in the economic outlook and their interest-rate decisions. They also say the swelling...
HSBC CEO Says World at ‘Tipping Point’ Following Government Debt Binges
HSBC’s CEO, Noel Quinn, warns of an impending global debt crisis, emphasizing that nations are nearing a critical “tipping point” in borrowing. This is compounded...