US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Policy Report," on Capitol Hill in Washington, DC, March 6, 2024. Mandel Ngan | Afp | Getty ImagesWith the economy humming along and the stock market, despite some...
Category: Economy
U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says
The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street's head of investment strategy in EMEA said Tuesday.Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken," meaning that any changes made by the...
IMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world's busiest shopping districts.Nikada | E+ | Getty ImagesThe International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient" despite...
UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
Workers deliver drinks to a pub in the City of London, UK, on Tuesday, April 16, 2024. Bloomberg | Bloomberg | Getty ImagesInflation in the U.K. eased to 3.2% in March from 3.4% in February, the Office for National Statistics said on Wednesday, but a set of higher-than-expected figures spurred investors...
Something strange has been happening with jobless claims numbers lately
A "Now Hiring" sign is displayed on a shopfront on October 21, 2022 in New York City.Leonardo Munoz | View Press | Corbis News | Getty ImagesCalling the state of the U.S. jobs market these days stable seems like an understatement considering the latest data coming out of the Labor...