federal reserve
- Europe
France says no risk of contagion as governments handle SVB collapse fallout
The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions,…
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Fed Raises Interest Rates Half a Point to Highest Level in 15 Years
The Federal Reserve continued its battle against inflation by raising its benchmark interest rate to the highest level in 15…
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Home asking prices tumble at record pace as mortgage rates surge: data
Home sellers are slashing their asking prices at a record clip as surging mortgage rates drive a downturn in the…
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US mortgage rates could surge to 8.5% as inflation rages: economist
Surging US mortgage rates could rise well above the critical 7% threshold in the wake of another alarming inflation report…
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Inflation hits 8.2% in September — higher than expected — as rent, food prices soar
US inflation surged 8.2% in September — a steeper-than-expected increase as stubbornly high rent and food costs look poised to…
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‘Worse than 2008’: ‘Big Short’ investor Michael Burry says current economic downturn could top Great Recession
Famed investor Michael Burry delivered arguably his most dire warning about the current US economy to date late Thursday –…
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Fed still needs to ‘shock the market,’ original ‘Dr. Doom’ economist says
Federal Reserve Chairman Jerome Powell needs to get even more aggressive in order for the central bank to successfully tame…
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White House takes heat after Biden adviser accused of ‘redefining recession’
The White House was accused of “redefining” the word “recession” on Wednesday after 2008 comments from the current-White House economic…
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Fed hikes key interest rate 0.75 points for second time as inflation surges
The Federal Reserve approved another steep hike in its benchmark interest rate on Wednesday, pushing forward with a plan to…
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Federal Reserve Raises Key Interest Rate by Another 0.75% to Curb Inflation
The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second…
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