What you need to know
US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, …
Central banking
European Central Bank holds rates, says domestic price pressures high
Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images The European Central Bank left interest rates unchanged on Thursday, after implementing a cut in …
European Central Bank set to hold rates amid uncertain inflation
Christine Lagarde, president of the European Central Bank, at a rates decision news conference in Frankfurt, Germany, on March 7, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The …
UK inflation, May 2024
Alexander Spatari | Moment | Getty Images U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The headline reading came …
Japan’s yen surges after U.S. data as traders monitor intervention
People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024. Richard A. Brooks …
Holding too much cash can be a mistake, experts say
Skaman306 | Moment | Getty Images It wasn’t long ago that investors earned practically 0% returns on cash. As the Federal Reserve has kept interest rates high to combat high …
ECB’s De Guindos discusses Le Pen’s fiscal rules
French markets will be “upset” if the country’s new government does not adhere to the European Central Bank’s new fiscal rules, Luis de Guindos, the institution’s vice president, said on …
Taylor Swift Eras Tour not alone in raising inflation
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at the Aviva Stadium in Dublin, Ireland, on June 28, 2024. Charles Mcquillan/tas24 | Getty Images Entertainment | Getty …
Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 …
Fed and European Central Bank to cut rates in September, Morgan Stanley says
U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024. Evelyn …