Page 14 - Ryan Sweet News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economists expect officials will want to see more evidence of prices coming down sustainably before pivoting to rate cuts.

WASHINGTON: Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday (Mar 12), a development likely to nudge policymakers towards a cautious approach as they mull when to start interest rate cuts. While price increases have fallen from their peak in 2022, households

The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks. "There will be bank failures, but this is not the big banks," said Federal…

The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks.With empty buildings in cities of all sizes, retailers servicing employees who used to work there are also under pressure, Powell added.

A federal bailout for banks swept up by carnage in the office sector looks unlikely, even if the situation continues to worsen, according to Oxford Economics.