Istanbul is experiencing heavy snowfall, with roads blocked, flights and public transport cancelled and thousands of vehicles stranded on majors roads. Some motorists say they have had to leave their cars overnight in the total gridlock.
© Reuters Goldman Sees Risk Fed Will Tighten at Every Meeting From March (Bloomberg) — Goldman Sachs Group Inc. (NYSE:GS) economists said they see a risk the Federal Reserve will tighten monetary policy at every policy meeting from March, a more aggressive approach than the Wall Street bank currently anticipates. The Goldman Sachs economists led…
WASHINGTON (Reuters) – A gauge of future U.S. economic activity increased solidly in December, suggesting the expansion would continue despite challenges from the COVID-19 pandemic and anticipated interest rate increases from the Federal Reserve to tame high inflation. The Conference Board said on Friday its Leading Economic Index rose 0.8% last month after advancing 0.7%…
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© Reuters. FILE PHOTO: Shoppers walk down Oxford Street, amid the coronavirus disease (COVID-19) outbreak in London, Britain, December 13, 2020. REUTERS/Simon Dawson/File Photo By William Schomberg LONDON (Reuters) – British consumer price inflation looks set to hit a 30-year high of 6% or more in April, but the big question for the Bank of…
3/3 © Reuters. Phillip Howard poses for a photo inside his Troy’s Ski Lubbock shop, in Lubbock, Texas, January 14, 2022. Picture taken January 14, 2022. Howard says supply chain woes are making life extremely difficult for small business owners like himself. REUTERS/Bra 2/3 By Brad Brooks and Jonathan Allen LUBBOCK, Texas (Reuters) – Phillip…
“The Daily Show With Trevor Noah” said “R.I.P.” to a talking point on Fox News on Friday.The Comedy Central program used a mocking montage to bid farewell to one way in which personalities on the conservative network have downplayed the Donald Trump-incited U.S. Capitol riot. Namely, their argument it couldn’t have been an insurrection because…
2/2 © Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar 2/2 By Anirban Sen and Matt Scuffham (Reuters) -JPMorgan Chase & Co posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much…
© Reuters Goldman Now Expects Four Fed Hikes, Sees Faster Runoff in 2022 (Bloomberg) — The Federal Reserve will likely raise interest rates four times this year and will start its balance sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc (NYSE:GS). Rapid progress in the U.S. labor market and…
© Reuters. FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) -Rising energy prices may force the European Central Bank to stop “looking through” high inflation and act…