Tag: Financial services
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies...
Tottenham repays COVID loan, frees up funds for signings
LONDON — Tottenham announced Friday it had paid back the 175 million pounds ($243 million) it borrowed from the Bank of England as part...
Turkey’s central bank keeps interest rate unchanged at 19%
ISTANBUL — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday.
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US average mortgage rates mostly lower; 30-year at 2.93%
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...
DOJ sues to block AON’s $30B acquisition of Willis Towers
WASHINGTON — The Biden administration has sued to block the merger of two of the world's largest insurance brokers, asserting the deal could eliminate...
Iran presidential candidate urges better ties with West
TEHRAN, Iran — A prominent contender in Iran’s presidential election appealed Tuesday for better economic and political relations with the West, his most extensive...
Harris announces $1.25 billion for community lenders
WASHINGTON — Vice President Kamala Harris announced Tuesday that the Biden administration is distributing $1.25 billion to hundreds of community lenders in an effort...
This Week: Retail sales, Fed policy update, Kroger earns
A look at some of the key business events and economic indicators upcoming this week:
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Delicate task for Fed: When to pull back on low-rate support
WASHINGTON — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first...