Veteran investor David Roche says a credit crunch is coming for ‘small-town America’
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.
Fed Governor Bowman casts doubt on the need for a U.S. digital dollar
A CBDC could intrude on the privacy of users and harm banks while otherwise providing few benefits, Bowman said in a speech.
Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation
Central bankers are weighing last month's banking crisis, the inflation outlook and recession risks as they reconsider future rate hikes.
UK economy flat in February as strikes and inflation bite — and the IMF delivers reality check
The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity.
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold
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.
Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows
Those reporting that credit is much or somewhat harder to get than a year ago rose to 58.2%, the highest ever.
Job growth totals 236,000 in March, near expectations as hiring pace slows
The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000.
Layoffs are up nearly fivefold so far this year with tech companies leading the way
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month.
IMF says U.S-China tensions could cost the world about 2% of its output
Companies and policymakers are exploring ways to make their supply chains more resilient by "moving production home or to trusted countries," the IMF said.