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The Federal Open Market Committee (FOMC) of the US Federal Reserve at its meeting on Thursday decided to maintain the Federal funds rate at 5.25 to 5.50 per cent, for a sixth consecutive time, saying
The most anticipated economic report of the month showed that inflation has not just stalled, but increased. The news almost certainly rules out a rate cut in June, and traders are increasingly skeptical there will be more than a couple cuts in 2024, if any at all. Consumer prices in March were up 3.5% from […]
Very few people in Russia and across the Global South are as qualified as Sergei Glazyev, the Minister for Integration and Macroeconomics, to speak about the drive, the challenges and the pitfalls in the road towards de-dollarization.
(Bloomberg) -- Remember, this wasn’t supposed to happen.Most Read from BloombergTrump, Sons and Associate Hit With $364 Million Fraud FineWall Street Ends Wild Week on Sour Note After PPI: Markets WrapAlexey Navalny, Jailed Activist Who Defied Putin, Dies at 47Hawaii Rightly Rejects Supreme Court’s Gun NonsenseBiden Blames Putin for Navalny’s Death as Western Outrage GrowsThe era of tight money – and an uncertain inflation trajectory — threatened to deliver a big reckoning on Wall Street and bey
The US Federal Reserve should be careful about the timing of interest rate cuts, a senior bank official said Wednesday, adding to the cautious tone taken by central bank officials in recent months about moving too quickly.On Wednesday, the Fed's vice chair for supervision, Michael Barr, told a conference in Washington that policymakers were cautious about moving too soon.