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US Economy
Fed raises interest rates to 22-year high, leaves door open for more
The quarter percentage-point hike lifted the target range for the Fed’s benchmark federal funds rate to 5.25% to 5.5%.
July 27, 2023
Global Economy
So much for the US economic eclipse
The odds of an American recession in the next 12 months are fading
July 26, 2023
US Economy
Fed readies another rate hike in pivotal week for central banks
The greater focus will be on signaling from policy makers on whether more hikes are likely — or if they plan an extended pause
July 23, 2023
US Economy
Janet Yellen says China slowdown risks spillovers but no US recession
Yellen was speaking on the sidelines of meetings with counterparts from the Group of 20 economies in Gandhinagar, India.
July 18, 2023
US Economy
US inflation cools to 3% and core CPI rises less than forecast
Excluding food and energy, the US's CPI rose 0.2% from the prior month.
July 12, 2023
US Economy
Fed officials say higher interest rates are needed to reach 2% inflation goal
'We're close, but we still have a bit of work to do'
July 11, 2023
Investing strategies
Wall Street soothsayers are bewildered about what's next
They kept waiting for a recession and just like Godot, it just didn't show up
July 09, 2023
Geopolitics
Yellen says US-China ties on 'surer footing' after trip
Diversifying supply chains in narrow areas wasn’t the same as decoupling
July 09, 2023
Summers warns on inflation complacency, sees more bond declines
'My best guess is that you're going to see further adjustment as the data continues to come in'
July 08, 2023
Global Economy
Powell says likely need two or more hikes to cool inflation
Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go
June 29, 2023