San Francisco Federal Reserve President Mary Daly said Friday she wasn’t sure the central bank has raised interest rates high enough to bring inflation back down to the 2% target. In an interview on CNBC, Daly was asked if rates were “sufficiently restrictive” to bring inflation down. “I don’t know…

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A still-jittery bond market is clouding the outlook for a rally in U.S. stocks, analysts tracking measures of market volatility said. Stocks and bonds have been in a tight relationship over the last few months, with the surging nearly 7% in the…

With two months before the Iowa caucuses and three months before the New Hampshire primary, there’s now a real race for the Republican presidential nomination. The field is winnowing to two alternatives to former U.S. president Donald Trump: former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis. The bad…

The Supreme Court of India has upheld a Securities Appellate Tribunal (SAT) decision, dismissing an appeal by the National Stock Exchange (NSE) in a legal battle with Kotak Mahindra Bank. The case centered on the invocation of a pledge by Kotak Mahindra Bank in the demat account of Arcadia Share…

“States, cities and counties on the losing end of the migration have fewer tax dollars to spend.” The coronavirus pandemic caused many changes across the U.S., including people upping stakes and moving. In 2022, close to 1 million more Americans moved across state or county lines than in 2019, according…

The University of Michigan’s latest consumer sentiment index revealed a continued decline for the fourth month, marking the lowest level since May at 60.4. The report, released today, highlights growing concerns among consumers, particularly younger and lower-income individuals, about rising interest rates and ongoing conflict in the Middle East. Key…

Hundreds of anti-Israel protesters calling for the elimination of the Jewish state stormed Grand Central Terminal in New York on Friday night, furiously banging and kicking at a locked entrance of the station that was forced to temporarily close over the rowdy demonstration. The mob was part of a “Flood…

By Karen Brettell NEW YORK (Reuters) – The dollar dipped against the euro on Friday but gained against the yen as investors evaluated comments by Federal Reserve Chair Jerome Powell that the central bank could hike rates again if inflation remains above its target. The Japanese currency also remained on…

When she was confirmed by the Senate in a close 2022 vote to fill an unexpired term, Fed governor Lisa Cook became the first Black woman to have a seat at the table of the U.S. central bank since it was founded in 1913. Several months later, in 2023, lawmakers made…

In a stark assessment of Canada’s economic landscape, Bank of Canada Governor Tiff Macklem has raised concerns that the federal government’s spending is not supporting the central bank’s efforts to rein in high inflation and interest rates. The situation has significant repercussions for the Canadian economy, particularly impacting mortgages and…