Kansas City Federal Reserve Bank President Esther George said ample US savings will help to buffer households but could also mean higher interest rates are needed to cool spending.Source: Bloomberg
With just two weeks to go until European Union sanctions come into force, Russia has already lost more than 90% of its market in the bloc’s northern countries, previously the mainstay of shipments...
22/11/2022
Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.Source:...
21/11/2022
After dealing with a largely friendly Congress over the past two years, Federal Reserve Chair Jerome Powell faces rising tensions over his policies as Democrats warn about job losses while...
18/11/2022
Amazon.com Inc (AMZN.O) on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its...
17/11/2022
A missile that killed two people in Poland near the border with Ukraine was “unlikely” to have been fired from Russia, US president Joe Biden said after an emergency meeting with western leaders on...
16/11/2022
Central bankers are to shift towards a more gradual monetary tightening, economists predict, as recent “jumbo” rate moves show signs of taming inflation and officials acknowledge the growing threat...
15/11/2022
China is expected to engineer a “soft landing” for its property market as regulators proposed sweeping directives to shore up the embattled sector, a former central bank official said.Source:...
14/11/2022
The Federal Reserve looked closer to moderating aggressive interest-rate increases after welcome news on inflation, with four officials backing a downshift even as they stressed that monetary policy...
11/11/2022
US inflation probably moderated just slightly in October data due Thursday, and yet another above-forecast reading may dash expectations for the Federal Reserve to downshift from steep interest-rate...
10/11/2022