Republican presidential nominee and former U.S. President Donald Trump raises his fist during Day 1 of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024. Elizabeth Frantz | ReutersDonald Trump will allow Federal Reserve Chair Jerome Powell to complete his term at the...
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year. In its latest World Economic Outlook update, the IMF said "the momentum on global disinflation is slowing, signaling bumps along the path." The...
Seen through the branches of trees in Ruskin Park are the lit porches of terraced period homes and in the distance, the growing development at Nine Elms, on 14th May 2024, in London, England. Richard Baker | In Pictures | Getty ImagesLONDON — The International Monetary Fund on Tuesday lifted...
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates.Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with "long and variable lags" to explain why the Fed wouldn't...
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell is set to address the Economic Club of Washington, D.C., on Monday as traders look for hints about when the...
Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024.Eva Marie Uzcategui | Bloomberg | Getty ImagesWith markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs...
Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023.Roberto Schmidt | AFP | Getty ImagesIt's no secret that the housing market looks far different than it did a few years ago.While surging mortgage rates and housing...
A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty ImagesWhen Rachel Burress moved into her mother's house around a decade ago, it seemed like a short-term stop on the path to homeownership.The 35-year-old hairdresser spent those years improving her credit score...
Cargo containers sit stacked on ships at the Port of Los Angeles, the nation’s busiest container port, in San Pedro, California, on Oct. 15, 2021.Mario Tama | Getty Images News | Getty ImagesA measure of wholesale prices rose more than expected in June as Wall Street assesses when the...
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024.Bloomberg | Bloomberg | Getty ImagesMarkets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a...