From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets
Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations…
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will…
Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most
It’s not what the Federal Reserve does, but what it says it could do in the future that will be…
The Japanese yen is at 24-year lows. Here’s what to expect at the next BOJ meeting
The Japanese yen is hovering close to its weakest levels since 1998, and authorities have hinted at taking action to…
Cramer’s week ahead: FedEx’s warning shows the Fed is further along in fighting inflation than expected
CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better…
Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report
Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for…
Stocks close higher for fourth straight session ahead of key inflation report, Dow rises 200 points
21 Min Ago S&P 500 and Nasdaq put together first 4-day advance in 2+ months The S&P 500 rose Monday…
Queen Elizabeth II’s death marks a new era for Britain, beset by economic uncertainty
Crowds gather in front of Buckingham Palace to pay their respects following the death of Queen Elizabeth II in Balmoral,…
European Central Bank raises rates by 75 basis points to tackle soaring inflation
The ECB announced a second consecutive interest rate rise to combat red-hot inflation. Daniel Roland | Afp | Getty Images…
‘Floundering, not drowning’: Economists divided on prognosis for Russian economy
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow,…
This was a good week for inflation numbers, but whether it can last is the big question
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There…
Consumers expect inflation to slow down, a big win for the Fed
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg…
Danger ahead: The U.S. economy has yet to face its biggest recession challenge
A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier…
Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the…
Stocks rally to reverse two-day slide, surging on rosy earnings results and economic data
2 Hours Ago All three major averages closed higher, snapping two days of losses All three major averages rallied Wednesday,…
Inflation figure that the Fed follows closely hits highest level since January 1982
An inflation gauge that the Federal Reserve uses as its primary barometer jumped to its highest 12-month gain in more…
Stocks rally for a second day as investors shake off GDP contraction, Dow jumps 360 points
U.S. equities rallied Thursday for the second day in a row even after the latest GDP showed a second-straight contraction,…