Category: Featured

Fed and ECB may retract significant funds from banks Central banks’ injected funds may become redundant due to high inflation and interest rates The Federal Reserve and European Central Bank may retrieve up to 90% of the money they provided to banks over the past decade, according to a Fed paper set to be presented […]

Fed Officials and Nominees Defend Policy Approach in Senate Hearing Emphasis on Data and Central Bank Mandates Two Federal Reserve officials and a labor economist aspiring to join the central bank told U.S. senators on Wednesday that they set policy based on data and the Fed’s official mandates. They pushed back against some Republicans suggesting […]

Robert F. Kennedy Jr. Gains Support from Wall Street Executive Omeed Malik Anti-vaccine activist and presidential candidate Robert F. Kennedy Jr. has garnered support from veteran Wall Street executive Omeed Malik. Last month, Malik brought Kennedy to a private dinner at the Bellagio in Las Vegas to mingle with various influential political figures, sources say. […]

US Bond Investors Increasingly Adopting Technology U.S. bond investors are beginning to use technology more frequently to trade fixed-income products as they look for ways to improve efficiency in an area still primarily reliant on manual processes, according to a study by financial analytics company Coalition Greenwich and fintech firm TS Imagine. Slow Adoption of […]

Italy to End Most Energy Cost Relief Measures This Month Italy does not plan to extend most of the measures it has adopted to soften the impact of energy costs on households and firms beyond June, as two government sources reveal that recent falls in energy prices have made the economy ministry confident that no […]

Yellen Urges World Leaders to Ease Debt Burdens at Summit U.S. Treasury Secretary Janet Yellen is set to call on world leaders to take concrete actions towards alleviating the debt burdens of low-income nations during a summit this week, says a senior Treasury Department official. Addressing Global Challenges Yellen aims to rally these leaders to […]

Biden’s 2024 Re-election Hopes and Economic Soft Landing If the Federal Reserve successfully guides the U.S. economy to a “soft landing,” President Joe Biden’s 2024 re-election hopes may improve. The strength of this boost, however, is contingent on the degree to which unemployment rises and inflation falls as the economy slows. In a benign scenario, […]

Wall Street Stocks Soften Amid Signs of Weakening Global Demand Wall Street stocks softened on Tuesday as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand. All three major U.S. equity indexes were red but off session lows, with oil super-majors Exxon Mobil […]