Tag: Economy

While most economists are talking about the Federal Reserve raising interest rates more aggressively after Thursday’s news of raging inflation, Nobel laureate economist Paul Krugman says the Fed shouldn’t go overboard. Consumer price soared 7.5% in the 12 months through January, the biggest increase in almost 40 years. The Fed does need to do some…

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas By Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of…

© Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo (Reuters) – The U.S. economy could grow more slowly in the first quarter than was expected last fall, but the unemployment rate may come down faster, according to a survey of forecasters released Friday by the Philadelphia Federal…

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., on January 26, 2022. REUTERS/Joshua Roberts/File Photo 2/2 (Reuters) – Major U.S. investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer…

© Reuters. FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico February 28, 2019. REUTERS/Daniel Becerril MEXICO CITY (Reuters) -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as…

The future looks great from the perspective of Memphis-based First Horizon National Bank. On a recent episode of “Mad Money,” Jim Cramer spoke with D. Bryan Jordan, chairman, president and CEO of First Horizon National Bank  (FHN) – Get First Horizon Corporation Report. Shares of First Horizon have risen almost 20% over the past year.…

J.P. Morgan JPM bullish on global stocks. “We believe that equities still offer upside, and that the cycle is far from over,” the bank’s strategists, led by Mislav Matejka, wrote in a commentary. “We look for more gains in earnings, bottoming out in China activity, after being cautious on the space last year and expect the…

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen as a trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 15, 2021. REUTERS/Andrew Kelly By Davide Barbuscia NEW YORK (Reuters) – Investors are preparing for more downside…

3/3 © Reuters. FILE PHOTO: Cars stand in line near a gas station as they wait to fuel up, after the central bank decided to effectively end subsidies on fuel imports, in Jiyeh, Lebanon, August 13, 2021. REUTERS/Aziz Taher/File Photo 2/3 By Timour Azhari BEIRUT (Reuters) – Lebanon’s banking association on Monday rejected a draft…

2/2 © Reuters. FILE PHOTO: A woman shows a screen of her smartphone, where Access bank mobile app is seen among others, in Abuja, Nigeria September 21, 2020. Picture taken September 21, 2020. REUTERS/Afolabi Sotunde/File Photo 2/2 By Huw Jones LONDON (Reuters) – Rapid action is needed to update how cross-border financial services are scrutinised…