Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty Images A rebound in inflation risks prompting another rate hike from the Fed, Rob Arnott told Bloomberg TV. He forecasts inflation at 3.5%-5% by the of the the year. The Fed’s projected 25-basis point rate cut won’t be enough to stimulate the economy, he noted. Higher interest rates […]
The good news for President Joe Biden in our new national NBC News poll is that it appears he’s climbed out of the political hole he was in this winter: His overall approval rating is up 5 points from January, and he now trails former President Donald Trump by just 2 points among registered voters, […]
Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington.Jacquelyn Martin/AP If the Federal Reserve can’t cut interest rates this June, it might delay easing until March 2025, Bank of America said. Stubbornly high PCE inflation readings might make it difficult to […]
If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does. It’s taken a brutal price war with Elon Musk and an ascension to the top of […]