Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction.The chief market strategist at Jefferies told CNBC that central bankers shouldn't be daunted by the July producer price index...
Category: Economy
Trump-Putin talks are already a triumph for Moscow, its economy and markets
FILE PHOTO: U.S. President Donald Trump and Russia's President Vladimir Putin talk during the family photo session at the APEC Summit in Danang, Vietnam November 11, 2017. Jorge Silva | ReutersTalks between Russian President Vladimir Putin and U.S. counterpart Donald Trump are still days away, but the two leaders' upcoming...
Bank of England narrowly votes to cut interest rates to 4% as balancing act continues
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe Bank of England voted by a fine margin to cut interest rates from 4.25% to 4% on Thursday...
Chocolate, skincare and timepieces: What 39% tariffs on Swiss goods mean for U.S. consumers
Premium collection of dark, milk and white chocolates.Anna Kurzaeva | Moment | Getty ImagesU.S. buyers of Swiss products, from luxury watches and skincare to artisan chocolates, could soon face sharp price rises if negotiators are unable to strike a deal to avert 39% tariffs due to come into effect on...
Contentious July jobs report confirms the U.S. economy is slowing sharply. Here’s why
Caution tape hangs near the steps of Federal Hall across from the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThough it may have been controversial, the July jobs report helped confirm the notion that the U.S. economic engine is sputtering.Nonfarm payrolls rose by just 73,000...