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Central bank officials around the world relayed a somewhat unified message this week to the global economy: Inflation is coming down, but the battle is far from won.
Even as Federal Reserve Chair Jerome Powell reassures the public about the state of the US economy, the organization is quietly laying off workers at its own doorstep.
(Bloomberg) -- Federal Reserve Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseStocks Fall as Yields Rise on Fed’s ‘Hawkish Skip’: Markets WrapTrudeau’
A rare $10,000 bill dating back to the Great Depression has sold for $480,000 at auction.
Investors who missed out on this year’s unexpected rally seem to be dipping their toes back into the US stock market.