IMF cuts 2022 global growth forecast as U.S., China recovery wanes
The International Monetary Fund has downgraded its global growth forecast for 2022 as rising Covid cases, supply chain disruptions and inflation hamper the economy.
The International Monetary Fund has downgraded its global growth forecast for 2022 as rising Covid cases, supply chain disruptions and inflation hamper the economy.
Goldman economist David Mericle said the omicron spread is aggravating price increases and could push the Fed into a faster pace of rate hikes.
The Fed released its exploration of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment.
Initial filings totaled 286,000, well above the estimate of 225,000 and a substantial gain from the previous week's 231,000.
In what likely will just a few months' time, the Federal Reserve will look a lot different.
The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a...
Philadelphia Federal Reserve President Patrick Harker said he foresees three or four interest rate hikes this year as likely to fight inflation.
Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking Committee as part of his confirmation process.
JPMorgan is the biggest U.S. bank by assets and has relationships with half of U.S. households.