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FINANCIAL MEDIA
Whether he calls it a “blip,” “transitory” or “transient,” Treasury Secretary Scott Bessent has taken to describing inflation in a way that came back to haunt his predecessor and the previous administration.
US banks’ loan portfolios saw a modest rise in delinquencies last year, a Federal Reserve report showed.
Poland’s central bank views current interest rate levels as “high enough” to protect price stability amid a spike in global energy costs that’s gradually feeding domestic inflation, Governor Adam Glapinski said.
Ellen Zentner, Morgan Stanley Wealth Management chief economic strategist, says recent economic data show the US consumer is "flat" and the labor market is "stagnant" during an interview with Matt Miller on "Bloomberg Open Interest." (Source: Bloomberg)
Chile President José Antonio Kast’s team steamrolled his centerpiece economic bill through the lower house of Congress last month. Now it’s the turn of the Senate, and the dynamic is very different.
Federal Reserve Bank of New York President John Williams said US monetary policy is well positioned for now but he sees no obvious direction for the future path of interest rates.
A proposal to streamline Federal Reserve operations has raised alarm inside the sprawling institution over whether it would undermine the autonomy of its 12 regional banks, just as the central bank braces for broader changes from its new chairman, Kevin Warsh.
Canada’s labor productivity declined for a second consecutive quarter as hours worked increased while output declined.
