Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.
Shifting to life post-Covid: How remote work transformed this city in the Midwest
Lansing, Michigan is one example of how downtowns have attempted to move away from office-centric economies.
UK economy grows by 0.1% in the first quarter but inflation continues to weigh
U.K. gross domestic product figures for March showed a 0.1% growth.
Fed Governor Waller casts doubt on need to conduct climate-change tests for banks
Waller on Thursday said that conducting special tests for how banks are preparing for such risks probably shouldn't fall under the Fed's purview.
Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
Wholesale prices rose less than expected in April, according to a Labor Department report Thursday.
German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’
Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in...
Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt
U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.
Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.
Traders raise the chances for a Fed rate cut following April inflation report
Traders on Wednesday raised the chances of a September interest rate cut to close to 80%.