Rows of new Tesla cars are seen in a waiting area near a customer collection point on April 15, 2024 in London, England. Leon Neal | Getty Images The rising cost of car insurance was one of the main drivers of inflation last year, but Bank of America says it could soon ease. The bank’s…
Former President Donald J. Trump relentlessly criticized the Federal Reserve and its Chairman Jerome H. Powell during his time in office. As he competes with President Biden for a second term as president, many on Wall Street are wondering: What would a Trump victory mean for America’s central bank? The Trump campaign doesn’t yet have…
JPMorgan ChaseJamie Dimon, chairman and CEO of, says the U.S. economy could face a “hard landing.” When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually see one?” Of course, how could anyone who reads history say there is no chance?” The CEO spoke at the JPMorgan…
U.S. Federal Reserve officials expressed concern about the recent lack of progress on inflation and remained willing to raise interest rates if conditions warranted as of their two-day meeting that ended May 1. Minutes of the meeting released Wednesday showed that “many” officials expressed uncertainty about how much today’s interest rate setting – 5.3 percent,…
The Marriner S. Eccles Federal Reserve Building during a renovation in Washington, DC, USA, on Tuesday, October 24, 2023. Valerie Plesch | Bloomberg | Getty Images According to Julian Howard, senior investment director for multi-asset solutions at GAM, Federal Reserve officials appear to have “no idea” what is happening with the inflation situation in the…
The war between Russia and Ukraine – both major producers of food and energy – has disrupted global production, trade and supplies in these areas and caused prices to rise. Solstock | E+ | Getty Images Inflation in the United Kingdom was stronger than expected, falling to 2.3% in April, the Office for National Statistics…
American households struggled to cover some everyday expenses, including rent, in 2023, and many remained gloomy about inflation even as price increases slowed. That’s one of several findings from a new Federal Reserve report on the financial well-being of American households. The report suggested that the financial circumstances of American households remained similar compared to…
A shopper selects fresh produce at a market stall in the London borough of Kingston, Britain, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty Images LONDON – British inflation could soon reach a key milestone, with some predicting a sharp fall in April figures will cause the key interest rate to fall below…
A congressional investigation found that BMW, Jaguar Land Rover and Volkswagen purchased parts that came from a Chinese supplier that was prosecuted by the United States for participating in forced labor programs in Xinjiang, a region in China’s far west where the local population is subject to mass surveillance is suspended, arrests were reported. Both…
The recent agreement between France and Germany to jointly develop a new multibillion-dollar battlefield tank was immediately hailed as a “breakthrough” by German Defense Minister Boris Pistorius. “It’s a historic moment,” he said. His enthusiasm was understandable. For seven years, political infighting, industrial rivalries and neglect had centered like molasses around the project to build…
