Bank of England Governor Andrew Bailey on Thursday defended an about-turn in the bank’s U.K. growth forecast.
Fed Governor Waller casts doubt on need to conduct climate-change tests for banks
Waller on Thursday said that conducting special tests for how banks are preparing for such risks probably shouldn’t fall under the Fed’s purview.
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default
Dimon joined a host of executives and officials making dire predictions about the consequences of failing to raise or suspend the debt limit.
Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
Wholesale prices rose less than expected in April, according to a Labor Department report Thursday.
Stocks making the biggest moves premarket: PacWest, Disney, Robinhood and more
These are the stocks posting the largest moves before the bell.
Bank of England hikes rates by 25 basis points, no longer sees recession
The Bank of England on Thursday hiked interest rates by 25 basis points and upgraded its projections for the U.K. economy.
Watch Governor Andrew Bailey speak after the Bank of England’s rate hike
Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision.
German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’
Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in the world could default by June 1.
Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt
U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.
Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.