The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The trim, which had been anticipated by 30 of 32 analysts surveyed in a Reuters poll, marked the SNB's third interest rate...
September consumer confidence falls the most in three years
Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday. The board's consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since...
Britain’s finance minister calls for spending discipline but no return to austerity
Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. "It will be a budget with real ambition ... a budget to deliver the change we promised....
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank. At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as...