The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg | Getty ImagesInterest rate cuts don't happen during good times, something important for markets to remember amid hotly anticipated easing next year from the Federal Reserve.If the...
The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of a better than expected business investment and stronger government spending, the Commerce Department reported Wednesday.Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated...
Gary Cohn, vice chairman of International Business Machines Corp. (IBM), during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, Oct. 19, 2021.Kyle Grillot | Bloomberg | Getty ImagesThe U.S. economy is "back to normal" for the first time in two decades, but the market is...
A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023.Victor J. Blue | Bloomberg | Getty ImagesWith central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while the lagged effects set...
Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller said Tuesday he's growing more confident that policy is in a place now to bring inflation back under...
John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriots at Highmark Stadium on January 08, 2023 in Orchard Park, New York. (Photo by Bryan M. Bennett/Getty Images)Bryan M. Bennett | Getty Images Sport |...
Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue.Gil Cohen-magen | AFP | Getty ImagesGeopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew of...
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday.The hedge fund titan warned during a CNBC appearance that the need to borrow more and more to cover deficits will exacerbate the political and social problems the...
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty ImagesMarkets seem to have taken this week's positive economic data as the all-clear signal for the Federal Reserve to start cutting interest...
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesWholesale prices in October posted their biggest decline in 2½ years, providing another indication that the worst of the inflation surge may have passed.The producer price index, which measures final-demand...