Category Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

Powell says Fed can afford to be somewhat extra cautious

By Howard Schneider NEW YORK (Reuters) -U.S. Federal Reserve Chair Jerome Powell on Wednesday stated the financial system is stronger now than the central financial institution had anticipated in September when it started lowering rates of interest, and appeared to…

BoE’s Bailey sticks to ‘gradual’ script for fee cuts

LONDON (Reuters) -Financial institution of England Governor Andrew Bailey reiterated in an interview revealed on Wednesday that gradual cuts in rates of interest are possible over the following yr, including that the method of falling inflation is effectively embedded. “This…