Titans of finance have been warning for months that looming geopolitical dangers are the biggest threat by and large to the US economy. But even as wars rage…
Read more Dow surges to new record as Fed signals three rate cuts in 2024 | CNN BusinessEditor’s Note: This is an update of an article that originally ran on September 20, 2023. New York CNN — The Federal Reserve on Wednesday chose not to…
Read more Interest rates are high. These are the best places to park your cash | CNN BusinessWashington, DC CNN — New home sales in the United States surged higher in September from the month before, even as mortgage rates remained over 7%, making financing…
Read more US new home sales surged in September | CNN BusinessLondon CNN — A slump in government bonds around the world has pushed up the cost of some nations’ debt to levels not seen in more than a…
Read more Why you should care about the global rout in government bonds | CNN BusinessWashington, DC CNN — US mortgage rates surged to their highest level in nearly 23 years this week as inflation pressures persisted. The 30-year fixed-rate mortgage averaged 7.31%…
Read more US mortgage rates climb to 7.31%, hitting their highest level in nearly 23 years | CNN BusinessNew York CNN — Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy’s cloudy outlook and further interest rate hikes from the…
Read more Dow tumbles by more than 400 points, on pace for biggest one-day decline since March | CNN BusinessThere’s a star the Federal Reserve is chasing. Source link
Read more The Fed has a perfect interest rate in mind. Here’s what it is | CNN BusinessWashington, DC CNN — US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly. Retail sales, which are adjusted for…
Read more US retail spending picked up in August, mostly due to sales at gas stations | CNN BusinessWashington, DC CNN — Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said…
Read more Federal Reserve Chair Jerome Powell hints at more bad news for borrowers | CNN BusinessHong Kong CNN — Every few days for the past several weeks, a parade of Chinese leaders and policymakers have publicly vowed to do more to boost the…
Read more Why China has few good options to boost its faltering economy | CNN BusinessMinneapolis CNN — Wholesale inflation continued its yearlong slowdown last month, rising by just 0.1% for the 12 months ended in June, according to the Bureau of Labor…
Read more Key US inflation gauge cooled last month to the lowest level in nearly three years | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an…
Read more Could the June CPI report change the Fed’s rate trajectory? | CNN BusinessWashington, DC CNN — An interest rate hike later this month was already in the cards for the Federal Reserve. But after the June jobs report, the timing…
Read more Expect more rate hikes from the Fed after the latest jobs report | CNN BusinessLondon CNN — Turkey’s central bank almost doubled interest rates to 15% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to…
Read more Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation | CNN BusinessMinneapolis CNN — Areas of the US economy have started to crack under the weight of persistently high inflation and a string of 10 consecutive rate hikes from…
Read more Employers are preparing for a recession, but that doesn’t always mean layoffs | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Could the Fed raise rates again in June? | CNN BusinessCNN — Many airline employees have gone for years without pay raises, even after enduring difficult working conditions during the pandemic. Pilots for American Airlines voted to strike…
Read more 5 things to know for May 3: Border, Texas shooting, Writers strike, Fed meeting, Sudan | CNNLondon CNN — At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had…
Read more IMF: Banking crisis boosts risks and dims outlook for world economy | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more What markets are watching after digesting the US jobs data | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Wall Street says bad news is no longer good news. Here’s why | CNN Business
