Tag: Breaking News: Economy

Fed’s Hammack says ‘now is the time to act’ on raising interest rates

Cleveland Federal Reserve President Beth Hammack on Thursday repeated her call for…

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Kansas City Fed’s Schmid says inflation ‘stubborn’ and ‘sticky,’ policy rate not restrictive

Kansas City Federal Reserve President Jeffrey Schmid said Thursday that inflation is…

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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July

Prices consumers pay for a variety of goods and services rose slightly…

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Chinese banks face U.S. sanctions threat over Iran ties — what can they do?

Pictured here is the crude oil refinery Sinopec Jinling Petrochemical Plant in…

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Bessent $1 trillion Treasury General Account bond buybacks

U.S. Secretary of the Treasury Scott Bessent speaks to members of the…

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Ottawa and Washington head for all-out trade war

Roberto Machado Noa | Lightrocket | Getty ImagesThe Canadian dollar fell on…

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Singapore inflation hits highest in nearly two years, but undershoots expectations

A housewife (R) buys vegetables at a wet market in SingaporeRoslan Rahman…

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‘Very good chance’ U.S. budget deficit has peaked under Trump

Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026.CNBCTreasury Secretary…

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Bessent says Treasury buyback operation could be more than $4 billion

Treasury Secretary Scott Bessent told CNBC on Thursday that an accelerated buyback…

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