IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher
The IMF said that the European Central Bank needs to be increasing rates until mid-2024 to fight inflation.
The IMF said that the European Central Bank needs to be increasing rates until mid-2024 to fight inflation.
Gross domestic product was expected to increase at an annualized pace of 2% in the first quarter, according to Dow Jones.
The money pipeline to Wall Street remains mostly alive and well while the situation on Main Street is much more in flux.
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics.
The banking turmoil of March, when several U.S. lenders collapsed, will lead to a credit crunch for "small-town America," veteran strategist David Roche says.
A CBDC could intrude on the privacy of users and harm banks while otherwise providing few benefits, Bowman said in a speech.
Central bankers are weighing last month's banking crisis, the inflation outlook and recession risks as they reconsider future rate hikes.
The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity.
The consumer price index, a widely followed inflation measure, rose 0.1% for the month and 5% from a year ago, both less than expected.