Summers Sees Fed Rate Projections Upended, Higher Mortgage Rates
Former Treasury Secretary Lawrence Summers said inflation will probably prevent the Federal Reserve from lowering interest ...
Morning Bid: Central bank baton passes to Japan, China
A bumper week of central bank meetings that included the U.S. Federal Reserve on Wednesday and the Bank of England on ...
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The latest batch of quarterly forecasts from the Federal Reserve showed policy makers have had a change of heart since June ...
Analysis-Global investors brace for turmoil as big Fed cut sows confusion
Global stocks hit records on Thursday, a day after the Federal Reserve lowered borrowing costs by 50 basis points from a ...
Is the American Consumer Finally Done Spending?
In this Bloomberg Originals mini-documentary, we explain why the post-pandemic shopping spree could be coming to an end.
Wall Street soars to record highs in a global market rally after Fed’s interest rate cut
The S&P 500 jumped 1.7 percent for one of its best days of the year and topped its last all-time high set in July. The Dow ...
Heard on the Street Fed Recap: Fifty Ways To Confuse the Market
The Federal Reserve cut rates by half a percentage point. But the market's reaction only raised more questions. Stocks ...
Biden falsely claims he’s never spoken to Federal Reserve Chairman Jerome Powell as president
President Biden on Thursday falsely claimed he had never spoken to Federal Reserve Chairman Jerome Powell as president, despite having a meeting with him at the White House two years ago. Biden, ...
America’s inflation fight is ending, but it’s leaving a legacy
Even as the nation’s tumultuous pandemic economic era begins to approach its end, the period is destined to leave lingering ...
The Dow closed above 42,000 for the first time after the Fed's big interest rate cut
The Dow Jones Industrial Average (SPGI) jumped 522 points Thursday and closed at a new record high, as the Federal Reserve’s ...
BOJ to Keep Policy Steady, Signal More Rate Hikes to Come
At a two-day policy meeting concluding on Friday, the BOJ is widely expected to keep short-term interest rates steady at 0.25 ...
Lennar’s Earnings Are Coming. Expect an Update on Home Buyer Demand.
Home builders are rallying after the Federal Reserve’s September rate cut. Lennar’s earnings report later on Thursday will ...