Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for …
Westend61 | Westend61 | Getty Images Access to personal cars remains important to Americans despite the growing monthly cost of ownership. The average monthly auto payment reached $733, a new …
People stand at the check-out counter after shopping at a grocery supermarket in Alhambra, California, on July 13, 2022. Frederic J. Brown | AFP | Getty Images Inflation showed further …
US Federal Reserve lifted interest rates to the highest level in 22 years on Wednesday, posing a challenge to China’s newly appointed central bank governor, Pan Gongsheng. Read original article …
Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit …
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy. “Everybody that I’ve talked to over the last …
WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move …
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …
WASHINGTON, DC – JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserve’s …
The Fed’s rate-setting committee is likely to vote for a quarter percentage-point hike, following positive upgrades to economic growth and cooler inflation data. Read original article here Denial of responsibility! …