Biden to Nominate Kugler to Fed Post, First Latina on Board
President Joe Biden said he’d nominate Federal Reserve Governor Philip Jefferson as vice chair and Adriana Kugler as
2023-05-13 01:25
US Consumer Long-Term Inflation Expectations Hit 12-Year High
US long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting
2023-05-12 22:24
Fed Needs More Hikes If Inflation, Labor Stay Hot, Bowman Says
The Federal Reserve will likely need to raise interest rates further and hold them higher for some time
2023-05-12 15:20
Rand Extends Slump as South Africa’s Row With US Puts Trade Ties at Risk
The rand slumped to its weakest level on record against the dollar as a diplomatic row between South
2023-05-12 15:18
G-7 Finance Chiefs to Add New Supply-Chain Proposal in Statement
Finance chiefs from the world’s rich economies are set to propose a new partnership on supply chains that’ll
2023-05-12 11:54
Fees Thwart Switching Cloud Computing Providers, Critics Say
Complaints about how cloud service providers try to prevent customers from switching to rivals was the focus of
2023-05-12 08:19
Fed’s Kashkari Says Inflation Too High, Wages Softened Somewhat
Federal Reserve Bank of Minneapolis President Neel Kashkari said price pressures remain too hot, even as officials assess
2023-05-11 22:57
Yellen Says Debt Default Would Hurt US International Leadership
Treasury Secretary Janet Yellen said failure to avoid a looming federal government default would undermine Washington’s ability to
2023-05-11 15:24
Global Finance Chiefs to Plot Escape Routes for World Economy
A summer laced with economic strains looms for the world’s richest economies. In the US, President Joe Biden
2023-05-11 05:26
Fed Gets Room to Hold in June as Inflation Shows Sign of Cooling
Signs of moderating price pressures in April will give Federal Reserve officials room to pause their aggressive tightening
2023-05-10 23:18
Italy Intends to Exit China Belt and Road Pact as Ties Sour
Italy has signaled to the US that it intends to pull out of a controversial investment pact with
2023-05-10 15:56
McCarthy Rejects Possibility of Short-Term Debt-Limit Extension
Republican House Speaker Kevin McCarthy rejected the possibility of a short-term debt-limit extension hours ahead of a meeting
2023-05-10 01:51