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News
The Debate on Wall Street: Did the Fed Pivot Too Soon?
The S&P 500 is on the cusp of a new record high following the central bank’s dovish forecast on interest rates. But some market watchers are questioning the durability of the rally.
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World
European Central Bank Leaves Rates Unchanged as Price Pressures Ease
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in the short term.
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News
Bank of England Keeps Rates Steady, Seeing ‘Some Way to Go’ on Inflation
The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.
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News
What’s Next for Interest Rates? An Era of ‘Peak Uncertainty.’
Federal Reserve officials could keep all options on the table at their meeting this week, even as data shape up according to plan.
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News
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
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US
DeSantis Cuts Campaign Staff by Over a Third, Aiming to Rein In Costs
His presidential campaign, facing questions from allies and donors about the strength of his candidacy, has now eliminated the jobs of 38 aides this month.
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News
Biden’s Debt Deal Strategy: Win in the Fine Print
The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.
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News
Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices
OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month.
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News
How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.
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Newyork
Four Questions About the Biden-McCarthy Deal
If the debt ceiling deal between President Biden and Speaker Kevin McCarthy wins Congressional approval, it will tell us a lot about what this Republican Party cares about and how it really works. And it will have proved something important about ...