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Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation
Business

Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation

The appointment of the former Fed chair is one of the first steps taken by a leading central bank to understand why they underestimated a

Could a Recession Still Be Years Away? Soft Landing Could Deliver Another Extended Economic Cycle
Business

Could a Recession Still Be Years Away? Soft Landing Could Deliver Another Extended Economic Cycle

Recent expansions have lasted 6 to 10 years. Here’s how this one could last that long. Source link

Why the Fed Isn't Ready to Declare Victory on Inflation
Business

Why the Fed Isn't Ready to Declare Victory on Inflation

Officials remain concerned about whether wages and price growth can slow enough without an economic downturn. Source link

JPMorgan ups Turkey inflation, growth forecasts after rates decision By Reuters
Finances

JPMorgan ups Turkey inflation, growth forecasts after rates decision By Reuters

© Reuters. People shop at a fresh market in Istanbul, Turkey July 5, 2023. REUTERS/Dilara Senkaya/File Photo LONDON (Reuters) – Wall Street bank JPMorgan (NYSE:)

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

Morgan Stanley cuts China’s 2023 and 2024 growth forecasts By Reuters

© Reuters. FILE PHOTO: People walk at a street in Beijing’s Central Business District (CBD), during the morning rush hour following the Chinese Lunar New

Rivian to relocate staff to Illinois EV plant to accelerate production
Finances

Analysis-Bank of Canada hones messaging as inflation defies forecasts By Reuters

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo By

Economists Are Cutting Back Their Recession Expectations
Business

Economists Are Cutting Back Their Recession Expectations

Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link

Weeks of Extreme Heat Strain Small Businesses and Economy
Business

Weeks of Extreme Heat Strain Small Businesses and Economy

July 15, 2023 12:01 am ET Listen to article (2 minutes) Heat waves stretching across large parts of the globe are straining power grids and

Largest strike in decades leaves Germany at a standstill By Reuters
Stock Market

Alcoa stock gets 3rd rating cut in a month on soft aluminum forecasts By Investing.com

© Reuters. Alcoa (AA) stock gets 3rd rating cut in a month on soft aluminum forecasts Alcoa (NYSE:) stock received a downgrade today at JPMorgan