NASHVILLE, Tenn. — Former Federal Reserve vice chairman Roger Ferguson says the U.S. central bank will continue to hike rates multiple times this year, but at a slower pace, and Read more
Tag: interestrates
‘Financial markets are throwing in the towel’: Recession fears escalate as Fed slams brakes on the economy
The likelihood of sharply higher interest rates has tilted the odds toward another recession within a year, economists say. Yet some still hold out hope the U.S. can muddle through Read more
Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so Read more
The Fed’s forecast for rising unemployment signals recession ahead. Or does it?
The U.S. has never vanquished high inflation without a major surge in layoffs and unemployment, but the Federal Reserve is hoping to pull it off. The central bank on Wednesday Read more
Canaria in the coalmine? Spanish inflation surges a shocking 10.2% to notch a 37-year high.
Global inflation worries got turbocharged on Wednesday, as Spain reported consumer prices soaring at the highest annual rate in 37 years. Alongside that came slightly softer-than-forecast German economic data. The Read more