July 2, 2024, 12:29 p.m.

UK economy rebounds with stronger-than-expected January GDP print

The U.K. remains the only country in the G-7 (Group of Seven) major economies that has yet to fully recover its lost output during the Covid-19 pandemic.

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Long-awaited Fed digital payment system to launch in July

FedNow, the Federal Reserve’s digital payments system, will debut in July.

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‘Let’s bring France to a halt’: Oil refineries blocked and trains halted by pension reform protests

Exactly one year ago, on March 16, 2022, the Federal Open Market Committee enacted the first of what would be eight interest rate increases.

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Credit Suisse chair says SVB crisis looks contained, rejects talk of government assistance

The contagion effect from the recent collapse of Silicon Valley Bank is local and contained, said Credit Suisse Chairman Axel Lehmann.

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Oil tumbles to lowest level since December 2021 as banking crisis routs markets

Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.

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U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says

Inflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.

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Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022.

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Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations.

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Something broke, but the Fed is still expected to go through with rate hikes

Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.

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