Your Pulse On America: Live And Unfiltered
The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data presented a mixed picture. The central bank’s preferred inflation measure, released on Friday, climbed 2.6 percent in December from a year earlier, faster than its 2.4 percent rate in November and quicker than the central…
The Federal Reserve is set to stand pat at its first gathering of 2025, pressing pause on interest rate cuts as policymakers take stock of how the world’s largest economy is faring. After lowering interest rates by a full percentage point last year, central bank officials are at a turning point. A strong labor market…
The Federal Reserve’s efforts to orchestrate a “soft landing” for the United States economy are facing a torrent of uncertainty as the central bank makes its first decision of the year on interest rates this week. Economic policymaking in the United States is in the midst of a sharp change of course. The Fed is…
Howard Lutnick, the wealthy Wall Street executive whom President Trump has tapped to lead the Department of Commerce, detailed a complex network of financial holdings on Friday as he prepared to face scrutiny from lawmakers during a confirmation hearing next week. The financial disclosures showed that Mr. Lutnick, who has built a fortune in brokerages,…
Good morning from Davos, Switzerland, on the final day of the World Economic Forum. The hottest chatter over the past 24 hours has been about two topics. First, jaws were on the floor when President Trump, during a Q. and A. session that included Brian Moynihan of Bank of America, claimed to Moynihan’s face that…
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the early 1990s, just before the spiral of price deflation and economic stagnation that became known as “the lost decades.” That prompted the Bank of Japan on Friday to raise…
President Trump took an unexpected swipe on Thursday at the big banks that have cheered his return to office, as he raised longstanding Republican complaints that they are discriminated against by major lenders. The moment came almost as an aside, as Mr. Trump was participating virtually in a question-and-answer session with executives gathered at the…
As the second presidency of Donald J. Trump begins, America’s largest banks and asset managers have abandoned one of the most overt symbols of their commitment to reaching green goals: climate action networks. In the month leading up to Mr. Trump’s inauguration on Monday, the six largest U.S. banks, including JPMorgan and Goldman Sachs, left…
Thousands of customers have reported problems getting their banking done with Capital One because of a disruption accessing online services that began on Wednesday and persisted into the weekend. On at least two different occasions on Friday afternoon, nearly 4,000 customers each time reported issues completing transactions with Capital One, a credit card and banking…
A swath of the nation’s largest lenders, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported quarterly and annual financial results on Wednesday that beat analysts’ expectations, and largely expressed a go-go attitude about what’s ahead for the economy after President-elect Donald J. Trump is inaugurated next week. JPMorgan, the nation’s biggest bank, said it…