A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025.Kirill Kudryavtsev | Afp | Getty ImagesThe European Central Bank opted to keep interest rates on hold at its latest monetary policy...
Category: Economy
Elizabeth Warren demands answers on costs, economic impact of ‘illegal and reckless war’
Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, speaks during a hearing in Washington, DC, US, on Thursday, Feb. 12, 2026. Stefani Reynolds | Bloomberg | Getty ImagesSen. Elizabeth Warren is demanding answers to economic questions surrounding the Iran war,...
Traders now see little chance of an interest rate cut this year following Fed decision
All of the positive economic talk out of this week's Federal Reserve meeting had a negative impact on investors, who have now taken expectations for even one interest rate cut this year off the table.In his post-meeting news conference, Fed Chair Jerome Powell took an upbeat view of current conditions,...
Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted.In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to...
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
Economic growth was much slower than expected in the final three months of 2025 while core inflation rose to start 2026, the Commerce Department reported Friday.Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy, rose at a seasonally and inflation-adjusted annual rate...