Fed Walks Tightrope Between Inflation and Bank Turmoil—but for How Long?
EconomyCapital AccountCentral bank nods to bank troubles but presses ahead with slightly slower rate increases Source link
Economic News
Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress
EconomyU.S. EconomyOfficials voted unanimously to increase their benchmark short-term rate by a quarter percentage point Source link
U.K. Inflation Resumes Its Rise, Defying Expectations
Price increases in February picked up to 10.4% from 10.1% in January as the cost of food rose at the...
SVB-Fueled Turmoil Junks Lessons of the Global Financial Crisis
The Fed and Congress thought smaller banks, deposits and bonds were boring and safe; instead, they are the source of...
Biden Asks Congress for More Authority to Punish Bank Executives
MarketsFinancial RegulationAdministration tries to contain fallout from bank failures Source link
Central Banks Should Press Ahead With Rate Rises Despite Bank Pains, Says OECD
EconomyThe research group doesn’t expect a repeat of the 2008 banking crisis despite financial strains and sees high inflation as...
Why Top Washington Officials Chose to Rescue SVB, Signature Depositors
For more than a decade after the collapse of Lehman Brothers in 2008, Washington’s regulatory watchdogs sought to ensure that...
February Retail Sales to Show if Consumers Pulled Back
Credit- and debit-card data showed spending lost momentum. Source link
Bank of England Shuts Silicon Valley Bank’s U.K. Subsidiary
The unit has no critical function in the country’s financial system, the BOE said, but others worry about the hit...
Jobs Report Offers Little to Change Interest Rate Outlook for the Fed
EconomyOfficials are weighing whether to raise the benchmark federal-funds rate by a quarter-point or a half-point Source link
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return
EconomyEurope EconomyFalling energy prices will give a longer boost to growth, but strikes are a drag Source link
Biden’s Budget Sets Up Battle With GOP, Would Cut Deficits by $3 Trillion Over 10 Years
PoliticsPresident’s proposal would raise taxes on businesses and wealthy people Source link
Biden Seeks Extension of Trump Tax Cuts for Most Households
The extension would target households making under $400,000 a year. The tax cuts are scheduled to lapse after 2025 unless...
Fed’s Jerome Powell Says Data Will Determine Size of Next Rate Increase
EconomyU.S. EconomyFebruary reports on hiring, inflation will guide rate decision, central bank chair says in testimony Source link
Joe Biden’s Budget Proposal for 2024: What to Know
PoliticsPresident’s budget blueprint Thursday will lay out his priorities for government spending, set stage for talks with Republicans Source link
The World Economy Is Doing Well—This Is Bad News for Central Bankers
EconomySurprising signs of economic vitality from the U.S. to China and Europe are complicating the fight to bring down high...
States Propose Billions in Tax Relief Despite Economic Uncertainty
PoliticsNew Jersey’s governor floats rebates as several states including New York and Michigan debate what to do with surpluses Source...
War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
U.S. Aluminum Producers Support Biden Tariffs on Russian Imports
American companies said they don’t expect the move by the Biden administration to drive up U.S. costs. Source link
North African Countries Snap Up Russian Oil Products Shunned by West
BusinessSome Russian cargo is being exported back to Europe, analysts suspect Source link
