Tag: Interest Rates

The man who invented the Fed’s magic trick just died. His successor is about to try it again

Some of the most consequential decisions in the global economy of the 1990s were worked out…

Interest rates unchanged though inflation persists – Daily Business

Andrew Bailey: pressures in the pipeline Interest rates have been left unchanged but remain subject to…

Buffett says Abel ‘has launched’ after new Berkshire CEO makes $8.5 billion housing bet

Berkshire Hathaway was long teased as the conglomerate that couldn’t find anything worthwhile to buy. Now,…

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’

Federal Reserve Chair Jerome Powell cautioned markets on Wednesday not to assume another rate cut is…

New York Fed warns about $69 trillion foreign investment ‘burden’ on U.S. economy

For decades, the U.S. enjoyed a peculiar privilege: It owed the world a fortune but somehow…

US debt exceeds GDP for first time since WW II as Fitch warns credit rating could fall further

The U.S. is now unmatched in a regrettable category. Among rich and spend-happy nations that are…

Interest on US debt is a top driver of future deficits, as past borrowing overwhelms fiscal outlook 

U.S. debt is expected to continue soaring in the coming decades not because of excesses committed…

Bank keeps bank rate on hold but hints at rises – Daily Business

The Bank of England kept rates steady (pic: DB Media Services) Bank of England rate setters…

‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee

Federal Reserve Chair Jerome Powell announced Wednesday he will remain on the Fed’s Board of Governors…