Bank of England warns that higher rates ‘have yet to come through’ to an already weak economy
The Bank of England warned on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to feed through...
Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs
The announcement is the latest move in Saudi Arabia's aggressive campaign to attract international investment and headcount to the kingdom.
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
Real incomes are not rising enough to cover the increase in debt burdens, according to Carl Weinberg.
Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Employment openings totaled 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday.
Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected
The personal consumption expenditures price index was expected to increase 0.2% in October on a monthly basis and 3.5% from a year ago.
Here’s what it would take for the Fed to start slashing interest rates in 2024
Interest rate cuts don't happen during good times, something important for markets to remember.
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated
The acceleration topped the initial 4.9% reading and was better than the 5% Dow Jones forecast.
Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate hikes
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
Central banks having hiked interest rates at breakneck speed and those rates are set to stay higher for longer while the lagged effects set in.