Fitch Says US Fiscal Metrics and Governance Spurred Credit-Rating Cut
Weakening US fiscal metrics and governance, highlighted by political wrangling over the debt ceiling, were at the heart
2023-08-03 01:46
Kansas City Fed Names Veteran Banker and Regulator as Its Chief
The Federal Reserve Bank of Kansas City appointed a longtime former banker and bank regulator its new president
2023-08-03 01:19
US Plans $103 Billion Debt Sale, Says Issuance to Keep Rising
The US Treasury boosted the size of its quarterly sale of longer-term debt for the first time in
2023-08-02 20:52
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
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
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
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
One Big Gold Seller Among Central Banks Has Even More to Offload
In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top
2023-07-31 08:58
US Economy Set to Show Resilience With Jobs Data
Hiring in the US probably increased at a healthy yet more moderate clip this month, representing a vote
2023-07-30 04:20
Charting the Global Economy: Fed, ECB Press on With Rate Hikes
The Federal Reserve, European Central Bank and Bank of Japan headlined a pivotal week for central banks, with
2023-07-29 17:25
Hong Kong Dollar in Strong Half of Trading Band on Rate Hikes
Hong Kong’s currency has risen above the mid-point of its trading band against the dollar for the first
2023-07-27 11:25