Hot liquid metal flows from a blast furnace during the smelting process at the Evraz Consolidated West-Siberian Metallurgical Plant in Novokuznetsk, Russia, on July 22, 2020. Bloomberg | Bloomberg | Getty Images Russia’s economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. Russia is expected to … Read more
The Bank of Korea will intervene to control currency volatility if needed, the central bank’s chief told CNBC, describing the recent market fluctuations as a little “excessive.” Central bank governor Rhee Chang-yong said external factors are fueling the Korean won‘s movement. “I think the recent movement is a little bit excessive judging from what we … Read more
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten … Read more
The exterior of the Bank of England in the City of London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Friday announced a “once in a generation” overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke. The review — initiated following criticism of … Read more
Treasury yields were flat Thursday as traders parsed through new U.S. inflation data in search of clues on when the Federal Reserve may start cutting interest rates. The 10-year Treasury yield inched up 1 basis point at 4.572%. The 2-year Treasury yield was last at 4.942% after falling by nearly 3 basis points. Yields and … Read more
The Federal Reserve should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund. “We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction … Read more
The Federal Reserve Building stands in Washington. Joshua Roberts | Reuters The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations. “I suspect that the Fed will be the first to really put a cut in,” … Read more
Flag of China on dark blue background Da-kuk | E+ | Getty Images China will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said. “China is obviously going to still be important for some time to come. They still account for nearly half of GDP … Read more
A batch of cars are ready to be shipped to overseas markets at the port of Taicang, Jiangsu province, China, April 9, 2024. Future Publishing | Future Publishing | Getty Images Inflation is on the rise again, but it isn’t the only economic indicator rebounding. Imports coming to the U.S. from China are experiencing a … Read more
US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. … Read more
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