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...Recent hotter than expected US inflation data and more hawkish signals from the US Federal Reserve could also give ECB rate-setters more confidence to take their time on rate cuts....
...In a meeting with United Steelworkers union members in Pittsburgh later today, Biden will call on trade representative Katherine Tai to triple the tariff on the imports from the current average of 7.5 per...
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...Let’s call it a trans-Adriatic divide....
...The call came from leading figures in the union movement who met in London this week to discuss pension policies under a future Labour government....
...the chair of the Federal Deposit Insurance Corporation has warned....
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
...Yet now, after three successive quarters of stubbornly high inflation, US Federal Reserve chair Jay Powell warns that it is likely to take “longer than expected” for inflation to return to the central bank...
...Fitch downgraded France’s credit rating last year. The government is braced for the risk of further downgrades when reviews come from Moody’s in April and Standard & Poors in May....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...The French president hailed the progress the EU had since made towards building its “strategic autonomy” and reiterated his call for Europe to take more responsibility for its security....
...The most recent federal data showed the personal consumption expenditures index rose to 2.7 per cent in the year to March, compared to 2.5 per cent the month before — a level of inflation above the Federal...
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...Credit: The Independent, The Times and the Sunday Times Mentioned in this podcast: Joe Biden’s speech to steel workers underscores union’s burgeoning influence Joe Biden calls for tripling of tariffs...
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...It is clear today that the recovery fund hasn’t put the 27-nation EU on an irreversible path to a full fiscal union....
...“It is off limits for politicians to talk about what they expect or anticipate for interest rates and to take credit for [falling] inflation....
...Inflation is falling faster than forecast in Europe while exceeding expectations in the US, prompting investors to predict the European Central Bank could cut interest rates earlier than the Federal Reserve...
...Industry association Sifma argued in a public comment before the rule was adopted that the FTC did not have the power to regulate banks and credit unions....
...On a call with analysts on Tuesday, Capital One founder and chief executive Richard Fairbank said the bank would submit an application in the next couple of months to the Federal Reserve and the Office of...
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...“I think that if this is done in a transparent way, it would not put the EIB’s credit or ESG ratings at risk....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Credit rating reviews from Moody’s on April 26 and S&P on May 31 could result in downgrades....
...The Fed calls the top It’s over. The Federal Reserve says the rate cycle has peaked. Perhaps Jay Powell, the Fed chair, did not state it with quite that level of finality....
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