Fed’s Barkin and Hammack favor gradual interest rate hikes to curb inflation
Richmond Fed President Thomas Barkin expects further interest rate increases but favors a gradual pace. Cleveland Fed President Beth Hammack…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Tanker struck by two projectiles in Persian Gulf north of Qatar, UKMTO says
A tanker north of Qatar was struck by two unidentified projectiles, the UK maritime monitor UKMTO said on Thursday. Iranian…
Democratic midterms sweep raises Taiwan and tech risks in U.S.-China relations
Democrats took majorities in the House and Senate in this week's midterm elections, and analysts say that raises risks around…
Canadian cabinet makers face US tariff doubling to 50% on January 1
US tariffs on Canadian kitchen cabinets are set to double to 50% on January 1, threatening thousands of small manufacturers….
Investors weigh debt-ceiling standoff risk after Democrats win Congress
Democrats took control of both chambers of Congress in Tuesday's midterm elections, and investors are now weighing the risk of…
