Bad news for Black Friday: Retailers cast doubt on holiday shopping with cautious guidance
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in ...
Tag: Breaking News: Economy
Fed gave no indication of possible rate cuts at last meeting, minutes show
Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation ...
Fed’s Mester wants ‘much more evidence’ that inflation has been defeated
Cleveland Federal Reserve President Loretta Mester said Thursday that this week's news showing lower levels of inflation isn't enough to ...
Fed’s Susan Collins says more rate hikes can’t be taken off the table yet
Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could ...
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed ...
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
James Bullard at Jackson Hole, Wyoming.David A. Grogan | CNBCFormer St. Louis Fed President Jim Bullard says the Federal Reserve ...
British fintech Wise reports 280% jump in profit as higher interest rates boost income
The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish fintech firm Wise ...
Fed’s Mary Daly says it’s ‘too early to declare victory’ on inflation
Mary Daly, president of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic ...
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 ...
Cleveland Fed launches search for new leader after Mester leaves
The Cleveland Federal Reserve launched a search Wednesday for its new leader, after current President Loretta Mester retires in mid-2024.Often ...
