You Searched For "Esther George" and got 20 results
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2 mins read
Inflation could hit its target sooner than expected as the US economy bounces back, Kansas City Fed chief says
Struggling industries like travel and hospitality could be placing outsized downward pressure on in…
Ben Winck
2 mins read
Virus resurgence in the fall could prompt double-dip recession, Kansas City Fed president says
"It's too soon to speculate" on what other Fed aid is needed, the central bank chief added, as mone…
Ben Winck
2 mins read
A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades
The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, w…
Kelly Cloonan
2 mins read
The labor market needs the first US rate cut to happen in March, Goldman says
"The labor market is such a tricky one. [Before a downturn] it always looks like it's not too bad, …
Matthew Fox
2 mins read
US stocks fall as strong jobs data dashes hopes for a swift change to aggressive Fed policy
The US dollar spiked to a four-week high as traders place bets on more Fed rate hikes after the str…
Matthew Fox
2 mins read
US stocks slump as Fed officials see more rate hikes in the pipeline to tame inflation
Alongside Fed speakers, investors assessed mixed quarterly results from retailers Macy's and Kohl's.
Carla Mozée
3 mins read
US stocks fall as comments from Fed officials dash hopes for a pivot on rate hikes
Recession concerns were on display in Treasury yields with the one-year yield and the 10-year yield…
Carla Mozée
2 mins read
US stocks drop after new jobs data boosts outlook for a more aggressive Fed
Fed President Esther George said on Thursday that she believes the Fed should hike interest rates a…
Matthew Fox
3 mins read
US futures rise after China's lending rate cut, but global stocks head for a record losing streak thanks to grim economic outlook
The S&P 500 is on the brink of a bear market, an index of global stocks is headed for a record run …
Amanda Cooper
2 mins read
Twitter's trust and safety team sent Elon Musk a 7-page list of the risks with his paid verification system, and he launched it anyway: report
Twitter's team warned Musk a week before launch that impersonation issues would arise from selling …
Matthew Loh
2 mins read
Dollar pulls back from 20-year high after the Federal Reserve delivers its largest interest rate hike since 1994
The US Dollar Index was whipped around after the Fed in a 10-1 vote raised the key interest rate by…
Carla Mozée
2 mins read
Global stocks slide and the dollar hits a 1-month high after Fed speakers talk tough on rate hikes
Three Fed policymakers took a hawkish tone on interest rate hikes, weighing on investors' risk appe…
George Glover
2 mins read
Nasdaq jumps 2.5% as US stocks soar after the Fed ramps up fight against inflation with 75-basis-point rate hike
"Clearly, today's 75-basis-point increase is an unusually large one," Fed Chairman Jerome Powell sa…
Carla Mozée
2 mins read
Global stocks rally and the yuan jumps after Biden says he's weighing cutting tariffs on China
US stock futures rose as investors' fears about the global economy appeared to cool somewhat.
Harry Robertson
3 mins read
To fight sky-high inflation, the Federal Reserve just raised interest rates three times faster than usual — and the most since since 1994
The central bank lifted its benchmark interest rate by three-quarters of a percentage point on Wedn…
Ben Winck
5 mins read
Russia sanctions almost 300 British MPs in retaliatory move, but its list includes several errors
Russia has banned hundreds of British MPs from entering its country, saying they were "whipping up …
Catherine Neilan
3 mins read
Former ministers and officials who break revolving door rules should be fined, watchdog chair says
Lord Eric Pickles, chair of the revolving door watchdog ACOBA, suggested former ministers who break…
Henry Dyer
2 mins read
US stock futures flatline near record-highs, as investors warily watch Treasury yields march higher
Bitcoin rose to a new high of above $51,500, while WTI crude oil stayed at around one-year peaks, t…
Harry Robertson
3 mins read
One key staffing change makes the Fed even more likely to keep raising interest rates
Here's what happened: William Dudley stepped down as president of the New York Fed, the one regiona…
Pedro Nicolaci da Costa
7 mins read
Chaos unchecked: A comprehensive timeline of Elon Musk's Twitter-verification saga for now
In the span of just one week, Musk fully dismantled Twitter's existing verification system, rolled …