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News
Claudia Sahm: The Fed’s credibility depends on resisting politics, not playing it
20+ hour, 10+ min ago (330+ words) At Jackson Hole, Wyo., last month, all eyes were on Federal Reserve Chair Kevin Warsh in his first speech at the Fed’s annual conference. But all thoughts were about the Fed’s rate decision next week. But playing politics to preserve…...
China says it hopes to agree with U.S. on tariff reductions at 'an early date"
2+ day, 14+ hour ago (0+ words) ...
Bitcoin Stays Below $80,000 After Jobs Data Revives Rate Hike Bets
5+ day, 15+ hour ago (415+ words) Bitcoin was trading near $79,800 on Saturday, September 6, according to Investing.com, after pulling back from a three-month high above $82,000 reached Thursday. The retreat followed stronger-than-expected U.S. jobs data that raised fresh expectations for a Federal Reserve interest rate increase at its…...
U.S. issues sanctions on Turkish bank that it calls a ‘critical financial lifeline’ for Iran
1+ week, 1+ day ago (428+ words) WASHINGTON — The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions against Golden Global Yatirim Bankasi Anonim Sirketi…...
'In the dark': How secret spending decisions left Pittsburgh's finances on the brink of a crisis
1+ week, 1+ day ago (0+ words) ...
U.S. diesel prices hit a record high of $5.85 on average as the Iran war disrupts the flow of fuel
1+ week, 1+ day ago (0+ words) ...
Heads or tails? $1 coin with Trump’s face and gold finish to go on sale
1+ week, 3+ day ago (269+ words) The $1 coin designed to celebrate America’s 250th birthday and seemingly President Donald Trump, whose face gazes from one side of the gold finish, will go on sale Wednesday, according the U.S. Mint. The coin’s design — Trump’s visage as “heads” and the…...
Why bond yields are rising and why everyone should care
1+ week, 4+ day ago (1009+ words) WASHINGTON — Interest rates on government bonds are rising again around the world, making borrowing more expensive for consumers and businesses and heightening concerns about whether governments are issuing more debt than financial markets can handle. Rising bond yields are one…...
U.S. bonds sell off as rising oil prices create inflation anxiety
1+ week, 4+ day ago (0+ words) ...
Warsh raises stakes for Fed’s next meeting and other takeaways from Jackson Hole conference
2+ week, 17+ hour ago (1083+ words) WASHINGTON — Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Friday that opened the door to potential rate hikes in the coming months. In doing so, Warsh has put more pressure on the central bank to increase…...