Browsing: Economy

Federal Reserve Chair Jerome Powell on Thursday said it is possible that U.S. inflation can cool without a large increase in the unemployment rate. At a…

LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there just…

President Joe Biden on Thursday said he expects to meet with Chinese President Xi Jinping in the “near term,” even as he stood by calling Xi…

Gen Z (people born between 1997 and 2012) is turning to an old-school trick to save money – carrying cash. A whopping 69% of Gen Z…

PARIS (Reuters) – The International Monetary Fund has reached its target of making $100 billion in special drawing rights available for vulnerable countries, Managing Director Kristalina…

By Pete Schroeder WASHINGTON (Reuters) -The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of stricter…

Former Texas Rep. Will Hurd, a Republican, announced Thursday he’s running for president. Hurd made the announcement on CBS and singled out both President Joe Biden…

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Gov. Michelle Bowman said Thursday that “additional policy rate increases” will be needed to control inflation she…

WASHINGTON (MarketWatch)  The U.S. current-account deficit, a measure of the nation’s debt to other countries, rose 1.5% in the first three months of the year. The…

(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for the modest gain, and selling prices…