Fed’s Waller: December cut appropriate, but January action more uncertain
The job market is weak enough to warrant another quarter-point rate cut in December, though action beyond that depends on…
Fed’s Miran ties rising unemployment to current setting of monetary policy
Federal Reserve Governor Stephen Miran said in a television interview on Tuesday that a deteriorating job market was happening because…
US consumer confidence in deteriorates in November
U.S. consumer confidence sagged in November as households worried about jobs and their financial situation, likely in part because of…
Second estimate of third-quarter GDP offers no relief for German economy
How do you spell stagnation? G-E-R-M-A-N-Y. In the past three years, the German economy has recorded only two quarters of…
US pending home sales increase in October amid lower mortgage rates
Contracts to purchase previously owned U.S. homes increased more than expected in October, likely as lower mortgage rates pulled buyers…
BoE bond sales may be pushing up borrowing costs by more than thought, research shows
The Bank of England’s unwinding of its vast stockpile of British government bonds has likely raised gilt yields by more…
Fitch Ratings: Global Investment Managers Sector Outlook Is Deteriorating for 2026
Fitch Ratings’ sector outlook for global investment managers (IMs) is ‘deteriorating’ for 2026. Fitch has revised its subsector outlook for…
US government to shed 317,000 workers this year, Trump’s HR chief says
The Trump administration will shed about 317,000 employees this year, its human resources chief said, a higher figure than previously…
US retail sales growth slows in September; energy prices boost producer inflation
U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices, though the moderation was not…
EU needs new approach to spending to boost growth, ECB’s Sleijpen says
The European Union needs to revamp how it spends money to revive growth, curbing state aid and redirecting funds towards…