Yellen Says Economy Slowing But Jobs Remain Strong
On Thursday, Janet Yellen, the US Treasury Secretary, said that the negative GDP data for the second quarter was an indication of an inevitable slowdown...
US On The Brink Of Recession As GDP Declines In Q2
There was an unexpected contraction in the economy of the United States in the second quarter, as consumer spending grew at its slowest pace in...
Increasing Rates To Cushion Impact Of Slowing Economies On Asian Banks
Lenders focused on Asia, such as Standard Chartered, HSBC, and their Southeast Asian counterparts like DBS, are scheduled to report a rise in their net...
Fed Hikes Interest Rate By 75 Basis Points Again
On Wednesday, the US Federal Reserve’s two-day monetary policy meeting came to an end and it announced an increase in the interest rate by 75...
Fed Chairman to Continue Informing Markets about Interest Rates
Since the US Federal Reserve started hiking interest rates this year, its aim has been to keep investors informed at all times. This means telling...
Bank Of Japan’s Reshuffle Brings Change
On Monday, the two new policymakers of the Bank of Japan said that the monetary authority needs to come up with an exit strategy for...
Cooling Prices And Slowdown Could Take Pressure Off BoE
An industry survey showed that the growth in businesses in Britain slowed down to its lowest pace in July seen in the last 17 months...
Global Economy Slowdown Fears Rise With Cost Of Living
On Friday, data showed that there is a high chance that the global economy is heading towards a slowdown. This is because the highest inflation...
ECB Decides To Go Big With Rate Hike
On Thursday, the European Central Bank announced its first interest rate increase in the continent after more than a decade of negative rates. It finally...
Fed Expected To Deliver 75bps Hike With Recession Chances At 40%
According to economists, the US Federal Reserve will continue to stick to an interest rate increase of 75 basis points in its July meeting next...