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Each time he says what he really thinks, there is the ritual cleanup brigade dispatched by the White House to pretend that he did not really say what he clearly articulated — or that even if he did, it did not really amount to a change in policy. But then Biden, unperturbed and unapologetic, goes out and does it all over again.
READ MOREOut of touch as ever, President Biden celebrated record-high gas prices Monday, gushing that the pump pain was part of “an incredible transition” of the US economy away from fossil fuels.
READ MOREFinancial well-being reached an all-time high in 2021, according to the Federal Reserve.
READ MOREEven Democrats are losing hope – with only 33% saying the US is headed in the right direction compared to 49% a month ago and 55% in March.
READ MOREQuant Insight CEO Mahmood Noorani and Brandywine Global Portfolio Manager John McClain sit down with Yahoo Finance Live to talk about recent market volatilities, outlook on tech stocks, the Fed's interest rate hikes, and positioning against Fed risks.
READ MORESnap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.
READ MOREIt “might make sense” for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday.
READ MOREAndrew Bailey (pictured) has hit back at claims that the central bank's actions during the pandemic had served to fuel the rapid rise in inflation.
READ MOREGold prices firmed on Tuesday, as the U.S. dollar weakened to a one-month low for a second consecutive session, making greenback-priced bullion less expensive for overseas buyers.
READ MOREThe last decade provided excess returns, however, will the reversal of monetary policy, inflation, and overvaluation lead to a lost decade.
READ MORE...liquidity has been slowly draining from various markets to the point where the Federal Reserve this month warned that it threatens financial stability. Investors who ignore this warning do so at their own peril.
READ MORERay Dalio, argued on Tuesday that the stock market is set to face another sell-off, insisting that "cash is trash.” Commenting about the ongoing economic situation in the United States in an interview with CNBC at the World Economic Forum in Davos, Dalio said that this market period reminds him of the 1970s.
READ MORECryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the European Central Bank (ECB) said on Tuesday.
READ MOREWestern sanctions on Russia over its invasion of Ukraine have renewed debate in China about overhauling the exchange rate regime and loosening dependence on the US dollar.
READ MOREThe greenback, in terms of the US Dollar Index (DXY), adds to the pessimistic start of the week and drops to new lows in the sub-103.00 region on Tuesday.
READ MORE“A lot of this is just man-made currency strength,” Brendan McKenna, currency strategist at Wells Fargo Securities told Bloomberg. “If all these policy measures weren’t in place it would probably be at the 180 level based on the evolution of the conflict.”
READ MOREThe Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.
READ MOREThe amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.
READ MOREA spike in prices for everything from toothpaste to gas is taking a toll on consumer spending, while driving companies such as Walmart Inc and Target Corp to report their worst earnings miss in at least five years. Best Buy's comparable sales fell 8% in the first quarter ended April 30, but beat analysts’...
READ MOREThe world’s political and economic elites have descended once more on Davos, Switzerland, for the World Economic Forum (WEF), after a two-year hiatus due to the pandemic. This year’s round of talks, which run from May 22 to 26, will deal with, among other topics, the Russian invasion of Ukraine, food shortages, climate change and inflation.
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