Riyadh, Saudi Arabia.Xavierarnau | E+ | Getty ImagesSaudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues.Real gross domestic product is now expected to grow 0.8% this...
US Federal Reserve chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024.Mandel Ngan | AFP | Getty ImagesFederal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn't be interpreted as a sign that future moves will be...
Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday.The personal consumption expenditures price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for...
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points...
Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday.The board's Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August...
Rachel Reeves, Chancellor of the Exchequer, speaks to the media ahead of her keynote speech during the Labour Party Conference 2024 at ACC Liverpool on September 23, 2024 in Liverpool, England. Ian Forsyth | Getty Images News | Getty ImagesLiverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday...
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank.At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as he...
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty ImagesLONDON — The Bank of England on Thursday said...
Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference.Brendan McDermid | ReutersAs the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an...
Ray Dalio, founder of Bridgewater Associates LP, speaks during an interview on the sidelines of the Milken Institute Asia Summit in Singapore, on Wednesday, Bloomberg | Bloomberg | Getty ImagesSINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world's economy. Speaking at...