Federal Reserve chief Janet Yellen on Tuesday said thanks to a number of safeguards enacted in the wake of the 2008 financial crisis and subsequent Great Recession, she doesn’t “believe” another financial crisis is looming on the horizon.
European Central Bank head Mario Draghi says the bank's stimulus efforts need to be "persistent" even as the economy recovers and that any scaling back of support has to come gradually.
The tech-heavy Nasdaq led a broad Wall Street decline on Tuesday with stocks falling more sharply after a healthcare bill was delayed in the U.S. Senate, raising fresh questions about President Trump's domestic agenda.
A recent slowdown in U.S. inflation was mainly due to one-off factors and should not prevent further increases in interest rates, a top U.S. central banker said on Monday.
Mexico's central bank has raised its benchmark interest rate a quarter-point to 7 percent in an effort to limit inflation.
Thirty-four of the biggest U.S. banks have the financial strength to survive the next global recession, the Federal Reserve said on Thursday.
The U.S. Treasury yield curve is flashing warning signs on the economy, pointing to a less optimistic prediction for longer-term economic growth at the same time as Federal Reserve officials are adopting a more aggressive tone on raising interest rates.
Obsessing over the central bank's 2% inflation target is short sighted, said BlackRock’s chief investment officer of global fixed income, Rick Rieder.
Fed Vice Chairman Stanley Fischer urged global policy makers to continue efforts to strengthen the resilience of their housing markets.
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___ Experts: Uber must make changes at top to fix culture woes DETROIT (AP) — Uber must get rid of leaders who tolerate bad behavior and hire people who don't — including up to the chief executive — experts say, as the ride-hailing company gets ready to announce significant changes to its culture and management.
Asian stocks were mixed Friday as a tech sell-off overnight on Wall Street shaded sentiment among investors who continued to focus on central bank policies, including Japan's decision Friday to keep its ultra-lax monetary stance intact.
The Bank of Japan has opted to keep its lax monetary policy intact, while noting signs of improvement in the world's third largest economy.
The Bank of England has decided to keep its main interest rate at a record low of 0.25 percent as the economy weakens ahead of Britain's departure from the European Union.
Shares fell in Asia on Thursday after the U.S. Federal Reserve raised interest rates, as expected.
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Credit card holders will soon pay more.
U.S. stocks are mixed Wednesday morning as investors look for safety following a drop in retail sales last month.
The Federal Reserve is raising its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy.
After voting to raise short-term interest rates by a quarter percentage point on Wednesday, the Federal Reserve raised more questions than answers for Wall Street, says former Federal Reserve Bank of Atlanta President Dennis Lockhart.