Marriners Eccles News Today

Borrowers reworking debt to obtain better terms have saved more than $1.4 billion in annual interest expenses so far this year.

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Report on April inflation a 'welcome relief', but more data is needed before any move to lower interest rates

Torsten Slok, chief economist at Apollo Global Management Inc., says the US Federal Reserve wont cut interest rates in 2024. Find out more.

The S&ampamp;P 500 topped 5,200 after the U.S. Federal Reserve signalled it’s on track to cut interest rates. Find out more.

Wall Street likely to follow Canada’s Big Five banks in ramping up the use of tools to partly pass on the risks of loans souring. Read more.

After yet another remarkable jobs report showing that America’s job market is still firing on all cylinders, the flashing runway the Federal Reserve needs to land the plane ever so gently is now in clear view. The US economy is on the cusp of going through something thought to be nearly impossible: Inflation slowing to the central bank’s 2% target, after a spate of 11 rate hikes, without triggering mass job losses.

Jerome Powell's No Cut Thunderbolt Groucho Marx famously said he would not join any club that would have him. What happens, however, when the club joins | Economy

The “clouds are beginning to part” for the global economy, the International Monetary Fund said Tuesday, but warned that continued attacks on container vessels in the Red Sea risked wreaking havoc supply chains and causing a spike in commodity prices.

The board of governors is one of three key pillars making up the broader Federal Reserve System, along with the 12 reserve bank presidents and the FOMC.