Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over.
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See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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The Federal Reserve must contend with price readings that seem headed in opposite directions.
Oil prices are soaring, threatening a wider problem with inflation, but the president has insisted that borrowing costs must be lowered.
A recent surge of A.I.-related imports has become an impediment to the smaller trade deficit President Trump wants.
A recent surge of A.I.-related imports has become an impediment to the smaller trade deficit President Trump wants.
Prediction markets for reality shows suggest bettors are profiting from inside information. (We asked a tribal council of lawyers to weigh in.)