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Economy
Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook.Speaking two days after he and his colleagues again voted to keep short-term rates…
U.S. households are running out of emergency funds as pandemic cash runs out, inflation
Vithun Khamsong | Moment | Getty ImagesIt is becoming harder for Americans to raise funds in case of an emergency, according to a recent survey from the New York Federal Reserve.The bank's Survey of Consumer Expectations for February…
Accenture is DOGE’s first corporate casualty as shares dive on warning that contracts
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024.leksander Kalka | Nurphoto | Getty ImagesShares of Accenture slid Thursday after the consulting firm said efforts to tighten federal spending have begun to weigh on its…
Trump says the Fed should cut rates to ease the economy’s transition to his tariffs
U.S. President Donald Trump reacts as he meets NATO Secretary General Mark Rutte (not pictured), in the Oval Office at the White House in Washington, D.C., U.S., March 13, 2025. Evelyn Hockstein | ReutersAfter largely staying out of the…
‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting…
The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more…
Bank of America’s CEO says economic growth is ‘better than people think’ and the…
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.Despite surveys indicating that confidence is at a nearly three-year low amid increasing…
Bank of England expected to keep rates on hold amid headwinds it can’t fully predict or
The Bank of England in London on Feb. 12, 2024.Henry Nicholls | Afp | Getty ImagesThe Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.The…
The Fed will update its rate projections Wednesday. Here’s what to expect
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig…
Why Trump wants to bring aluminum production back to the U.S.
Americans use a lot of aluminum.The metal is both lightweight and an effective conductor of electricity, giving it countless applications in transportation and energy systems alongside culinary work and more."It really is the magic…
U.S. tariffs could thrust Germany into recession, central bank governor says
The German parliament building, the Reichstag, which has been the seat of the Bundestag since 1999.Fhm | Moment | Getty ImagesU.S. tariffs could push Europe's largest economy into a recession, German central bank President Joachim Nagel…