Economy
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit By Reuters
By Tetsushi Kajimoto TOKYO (Reuters) - Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Fed’s Williams says interest rates need to stay high ‘for some time’ to ensure inflation is tamed
New York Federal Reserve President John Williams said U.S. interest rates will likely need to stay high “for some time”…
Fed’s Bowman sees inflation falling, calls for caution on rate cuts
(Reuters) - Federal Reserve Governor Michelle Bowman on Friday said she expects U.S. inflation to decline further, but flagged worries…
Fed’s Mester says March is probably too early for rate cut
Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon…
Biden to release proposed U.S. budget plan on March 11
By Trevor Hunnicutt WASHINGTON (Reuters) - U.S. President Joe Biden will put forth his proposed U.S. spending plan on March…
Fed’s Waller sees interest-rate cuts this year, but nothing ‘rushed’
The Federal Reserve is likely to be able to cut interest rates this year, but there is no need for…
Strong job gains may dent Fed confidence on inflation
By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers seeking greater confidence that inflation is on track to their…
Fed’s Bostic makes case for first rate cut in July-September quarter
Atlanta Fed President Raphael Bostic on Thursday laid out the case for the central bank holding off from any interest-rate…
US imposes new sanctions over Iranian arms, cyber activity
By Arshad Mohammed and Daphne Psaledakis WASHINGTON (Reuters) -The United States on Friday imposed sanctions targeting Iran's ballistic missile and…
The $7,500 federal EV tax credit is on the ballot in November
As Donald Trump made his victory speech after Iowa’s caucuses, the front-runner in the 2024 Republican presidential primary couldn’t resist…
Erdogan appointed Fatih Karahan as Turkey’s central bank governor – official gazette
ISTANBUL (Reuters) - Turkish President Tayyip Erdogan named deputy central bank Governor Fatih Karahan as Turkey's new central bank governor,…
Goolsbee says it’s too soon to determine when Fed will cut interest rates
Chicago Federal Reserve President Austan Goolsbee on Friday declined to say when he thinks the central bank will cut interest…
Turkey central bank chief quits, citing need to protect her family
By Burcu Karakas and Jonathan Spicer ISTANBUL (Reuters) -Turkey's central bank governor Hafize Gaye Erkan resigned on Friday, citing a…
Housing starts fall in December as builders scale back on single-family homes
The numbers: Construction of new homes fell 4.3% in December, as home builders scaled back new projects. So-called housing starts…
US regional bank stocks steady after brutal sell-off
By Niket Nishant (Reuters) -U.S. regional bank stocks recovered slightly on Friday after a two-day plunge sparked by investor concerns…
Jobless claims fall under 200,000 to lowest level in 16 months, but it’s not as good as it looks
The numbers: The number of Americans who applied for unemployment benefits in mid-January fell to a 16-month low of 187,000,…
Take Five: Enter the Dragon
(Reuters) - The Chinese Year of the Dragon is around the corner, but the world's second largest economy is anything…
Mortgage rates fall to an eight-month low
Mortgage rates have dropped to their lowest level since May 2023, offering a glimmer of hope for aspiring homeowners. The…
Indonesia central bank: should be room to cut rates, awaiting stronger rupiah
PADALARANG, Indonesia (Reuters) -Indonesia's central bank has room to lower interest rates this year to lift economic growth, but is…