GP: American flag and Chinese flagMatt Anderson Photography | Moment | Getty ImagesA recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment. The annual survey conducted by the China...
Category: Economy
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back."Should the incoming data indicate that inflation is moving sustainably toward our 2 percent goal, it will eventually become appropriate to...
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy...
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
General view of the Bank of England building in London.Sopa Images | Lightrocket | Getty ImagesLONDON โ The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely balanced" after U.K. inflation hit its 2% target.Money market pricing lifted...
IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S., calls for further integration
IMF Managing Director Kristalina Georgieva arrives at a briefing in Washington, D.C., on Friday, April 19, 2024.Bloomberg | Bloomberg | Getty ImagesThe head of the International Monetary Fund on Thursday called on Europe to achieve the full potential of its prized single market, lamenting what she described as a situation...