Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic…
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‘We haven’t seen this kind of debt since the Napoleonic Wars’
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy…
Continue ReadingAll data shows inflation isn’t going away, making things tough on Fed
A customer shops for food at a grocery store on March 12, 2024 in San Rafael,…
Continue ReadingSlowing growth plus stubborn inflation add up to a headache for Fed officials
The slowing growth and stubborn inflation picture emerging in the U.S. economy may not be quite…
Continue ReadingGDP report Thursday likely to show economy still growing at solid pace
The U.S. economy likely expanded at a solid pace in the first three months of the…
Continue ReadingWhy the Fed keeping rates higher for longer may not be such a bad thing
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee…
Continue ReadingSomething strange has been happening with jobless claims numbers lately
Calling the state of the U.S. jobs market these days stable seems like an understatement considering…
Continue ReadingRisk of a global recession is minimal, IMF economist says
One of the International Monetary Fund’s top economists signals little risk of a global recession, despite…
Continue ReadingHigh company valuations a ‘worry,’ IMF’s capital markets chief says
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press…
Continue ReadingUK inflation, March 2024
Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on…
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