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News
An Inflation Test Looms Over the Economy and the Election
The pivotal Consumer Price Index report is set to be published on Wednesday as the window for interest-rate cuts before November is closing.
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News
Bank of England Holds Interest Rates Steady, but Signals Cuts
A rate cut could come as soon as this summer as the central bank forecast that inflation would drop to its 2 percent target.
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News
Powell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.
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News
How Low Will They Go? Wall Street’s Big Rethink on Interest Rate Cuts
Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.
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News
Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.
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News
The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.
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World
A Queer Chinese Artist Finds Liberation Through Folk Art
Drawing from his life in rural China, the gay artist known as Xiyadie uses a folk art form to tell his coming out story. His show is coming to the Blindspot Gallery in Hong Kong.
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News
Fed Meets Amid Worries That Inflation Progress Might Stall
Inflation had been moderating steadily, but it is now hovering around 3 percent. Will lowering it fully to normal levels prove difficult?
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US
Republicans’ Big F.B.I. Cut Came From Scrapping One Senator’s Earmark
The G.O.P. has boasted about cutting the budget of what it calls the “weaponized” F.B.I. by 6 percent. Most of that came from wiping out the pet project of retired Senator Richard C. Shelby.
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News
U.K. to Cut Taxes Again as Election Nears
The Conservative government, trailing badly in the polls, proposed the second tax cut in four months.