Fed's Mester: Inflation Will Not Fall to 2 Percent Target for 2 Years
Fed's Mester says it will take 2 years until inflation falls to 2% target
Global inflation: Five ways US rate rise will affect you
The impact of higher interest rates in the US will cascade through the global economy.
France's Emmanuel Macron set to lose majority - projection
Less than two months after re-election, the president is set to lose control of the National Assembly.
Big Tech must deal with disinformation or face fines, says EU
Tighter EU rules will demand firms such as Google and Meta tackle disinformation on their platforms.
U.S. Fed rolls out largest rate hike since 1994, weighing on global economy
The U.S. Federal Reserve raised its benchmark interest rate by 75 basis points, marking the sharpest rate hike since 1994.
Dow drops over 700 points to end below 30,000
U.S. stocks fell sharply on Thursday as steep sell-off continued on Wall Street amid rising recession fears.
ECB rate rises will be more gradual than Fed's, says Draghi
For this reason, while interest hikes are "inevitable" in the 19-nation currency bloc "the pace of adjustment is bound to be more gradual".
Yen falls as Bank of Japan bucks rate rise trend
The decision to keep rates on hold comes as central banks around the world raise borrowing costs.
Fed Raises Key Rate 0.75 Percent, Largest Hike Since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point
US Extends Sanctions Exemption for Energy Payments to Russia
The renewed carve-out will “align our regulations with the implementation timing of the European Union's ban on crude oil” from Russia, a Treasury spokesperson told AFP.
Morgan Stanley CEO Sees 50% Chance of US Recession
There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley CEO James Gorman said on Monday, warning of a "bumpy" ride ahead for investors.
January 6 hearing: Trump was 'detached from reality', says Bill Barr
Witnesses painted a picture of a chaotic and deeply divided Trump White House after the 2020 election.
Tesla to Seek Investor Approval for 3-for-1 Stock Split
The proposal will be put to vote on August 4 and if approved, it would be the latest after a five-for-one split in August 2020.
UK lenders no longer too big to fail, says BoE
LONDON — The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer “too big to fail” in any future crisis, though it found shortcomings at three major banks.
The Fed will raise rates in the week ahead, but what Chair Powell says may matter most
The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday.
Yellen says U.S. recession unlikely, but no drop in gasoline prices soon
Yellen says U.S. recession unlikely, but no drop in gasoline prices soon
Chile's central bank raises economic growth forecast for 2022
On the other hand, the bank predicted that annual average inflation will reach 10.8% this year.
World Bank Board Approves $1.49B in New Funds for Ukraine
The World Bank said on Tuesday its board of executive directors approved $1.49 billion of additional financing for Ukraine.
S.Korea FX reserves fall in May on intervention, at 14-mth low
The foreign exchange reserves of Asia's fourth-largest economy had fallen to $447.71 billion by the end of May, the lowest since the end of March 2021, from $449.30 billion a month earlier, the Bank of Korea said.
Erdogan says May figures show inflation is on downward trend
Turkish President Tayyip Erdogan said on Sunday that inflation figures from the month of May, when annual consumer prices jumped to a 24-year high, showed inflation was now on a downward trend.