The hedge fund billionaire’s take on how to fix America’s fiscal woes is getting a warm reception in Washington, even as he suggests drastic changes.
Category: Interest Rates
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Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show
Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.
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Capital One to Pay $425 Million to Settle Suit Over Savings Accounts
Depositors said the bank cheated them out of higher interest rates. As part of the settlement, the bank admitted no wrongdoing and agreed to make up for lost interest earnings.
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U.S. Inflation Mild Ahead of Expected Jump From Tariffs
Economists and policymakers are bracing for inflation to re-accelerate as companies adapt to President Trump’s trade war.
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Jerome Powell, a Potential Winner from the Trade Reprieve
The markets have come around to the Federal Reserve chairman’s cautious approach to lowering interest rates. President Trump could be a tougher convert.
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The Fed Could Be on Hold Until September, Economists Say
Economists have shifted back their forecasts for lower borrowing costs as President Trump’s tariffs raised the risk of higher inflation and slower growth.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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Consumers Are Pulling Back, Spooked by Tariff-Related Price Increases
Executives at several companies that sell popular products have recently pointed to signs of wariness among shoppers.
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What to Watch at the Federal Reserve’s May Meeting
The U.S. central bank is widely expected to stick to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth.
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China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank acted shortly after news that officials from China and the Trump administration will hold their first formal trade talks since the punishing tariffs began.