The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.
Category: Banking and Financial Institutions
The Fed Tries to Steer Clear of Politics, but Election Year Is Making It Tough
Economists are wondering whether political developments could play into both the Fed’s near-term decisions and its long-term independence.
Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.
Poor Nations Are Writing a New Handbook for Getting Rich
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
Capital One Said to Be in Talks to Acquire Discover
The proposed deal would combine two of the largest credit card companies in the United States.
More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why.
Financial giants were already trimming their climate pledges amid Republican attacks. Then came concerns about legal risks.
China’s Investors Are Losing Faith in Its Markets and Economy
As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.
After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
War Has Already Hurt the Economies of Israel’s Nearest Neighbors
The impact on global growth of the Middle East violence has so far been contained. That’s not the case for Egypt, Lebanon and Jordan, which were already struggling.