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…

OECD cuts 2025 forecast for German economic system

By Rene Wagner and Maria Martinez BERLIN (Reuters) -The OECD has trimmed its forecast for German financial progress subsequent 12 months on account of political uncertainty and tight fiscal coverage, whereas nonetheless anticipating stagnation this 12 months, it mentioned on…