BofA Joins Fed in Reversing Recession Call Amid Growing Optimism
Economists at Bank of America Corp. revoked their forecast for a recession in the US, becoming the first
2023-08-02 19:52
India’s Unemployment Rate Falls in July Due to Farm Demand
India’s overall unemployment rate fell in July as rural areas saw increased demand for agriculture labor with the
2023-08-02 16:24
US Stripped of AAA Rating by Fitch as Budget Deficits Swell
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 12:58
US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
2023-08-02 12:50
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit
Deputy Governor Shinichi Uchida said that the Bank of Japan is far from an exit or raising its
2023-08-02 11:57
Summers, El-Erian Pile Criticism on Fitch Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:52
Asia Stocks Drop on Profit Taking, Fitch Fallout: Markets Wrap
Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong
2023-08-02 10:25
US Job Openings Fall to Lowest Level Since 2021, Layoffs Ease
US job openings fell in June to the lowest level since April 2021, suggesting some softening in demand
2023-08-01 23:47
Wall Street Economists Are Looking at a September Rate Pause
Federal Reserve Chair Jerome Powell has left the door open to another interest-rate hike, but Wall Street economists
2023-08-01 17:27
Saudi Arabia Borrowing Rate Hits Record High, Hitting Businesses
A key gauge of borrowing costs in Saudi Arabia has risen to a record, potentially hitting businesses and
2023-08-01 15:15
Australia Extends Rate Pause for Second Month, Currency Drops
Australia’s central bank kept its key interest rate unchanged on Tuesday following a cooling of inflation pressures and
2023-08-01 12:51
Global Pile of Negative-Yield Debt Driven Toward Zero by BOJ
The world’s stockpile of negative-yielding debt looks to be grinding toward extinction as the Bank of Japan eases
2023-08-01 10:54