Powell’s economic speech Federal Reserve Chair is set to give a keynote address at the Kansas City Fed’s Jackson Hole Economic Policy Symposium next Friday, August 23. The presentation will commence at 10:00 a.m. Eastern Time. This three-day conference, running from August 22-24, will take place at the Jackson Lake Lodge in Grand Teton National […]
The U.K. Economy demonstrated surprising resilience in the first half of 2024, growing faster than many anticipated. According to the Office for National Statistics (ONS), Gross Domestic Product (GDP) increased by 0.6% in the quarter ending in June, surpassing the growth forecasted by economists and the Bank of England. This represents a slight deceleration from […]
Mortgage rate decline to around 6.5%, down by half a percentage point over the past month, has sparked optimism among companies tied to the housing market. This decline, bolstered by strong indications that the Federal Reserve may soon ease its monetary policy, suggests a potential rebound in spring 2025. However, the possibility of a substantial […]
Fed Governor Michelle Bowman has expressed concerns over the persistent risks to inflation, despite recent improvements. Speaking at the Kansas Bankers Association in Colorado Springs, Bowman highlighted that while there has been progress in reducing inflation during May and June, it remains significantly above the Federal Open Market Committee’s (FOMC) 2% target. “I will maintain […]