A Phil Hall Op-Ed: If you are a fan of Joe Biden who dislikes seeing him criticized in this op-ed column, I can assure you that this will be the last time I will use this space to find fault with him. As Biden departs the White House today, it is appropriate to look...
President-elect Donald Trump declared that interest rates remain too high and inflation is still too elevated for comfort, comments that could be seen as a resumption of his tensions with the Federal Reserve. At a press conference this morning at his Mar-a-Lago club...
Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
The Federal Reserve announced a rate cut for the first time in nearly four years. The central bank’s Federal Open Market Committee enacted a 50 basis point reduction on its benchmark federal funds rate, which stood at a 23-year high of 5.25% to 5.5% range for the past...
The European Central Bank (ECB) announced its second rate cut of the year by lowering its deposit facility rate by 25 basis points to 3.50%. The ECB’s interest rates on the main refinancing operations and the marginal lending facility were also decreased to 3.65% and...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
