IMF chief warns of emerging market risk with high U.S. interest rates
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.
WEF president: ‘We haven’t seen this kind of debt since the Napoleonic Wars’
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy.
All the data so far is showing inflation isn’t going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very...
Key Fed inflation measure rose 2.8% in March from a year ago, more than expected
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
GDP increased at a 1.6% rate in the first quarter, less than expected
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.
Why the Fed keeping rates higher for longer may not be such a bad thing
It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.
Something strange has been happening with jobless claims numbers lately
For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000.
Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.