As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty ImagesThe Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit...
Category: Economy
There’s a big Fed inflation reading coming Friday. Here’s what to expect
People purchase beverages in a store on a sweltering afternoon in Brooklyn, New York, on the first day of summer on June 21, 2024.Spencer Platt | Getty ImagesThere could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.The...
Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
GP: American flag and Chinese flagMatt Anderson Photography | Moment | Getty ImagesA recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment. The annual survey conducted by the China...
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back."Should the incoming data indicate that inflation is moving sustainably toward our 2 percent goal, it will eventually become appropriate to...
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
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 trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy...