Tag: Central banking
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Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
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Dollar and bond markets ‘on edge’ ahead of Jackson Hole as Bessent’s market intervention piles pressure on Warsh
Strategists said investors were approaching Jackson Hole “on the back foot.”
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Fed officials saw need for rate hike if inflation doesn’t cool, minutes show
The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
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U.S. retreat from global order ‘eroding’ European competitiveness, central bank boss warns
ECB chief Christine Lagarde called for better integration across the region if Europe wants to compete in the age of AI.
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Russia’s economy has defied the skeptics. Cracks are getting harder to hide
Russia’s wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year.
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Fed’s Kashkari says ‘now is the time to start slowly moving’ rates up
Kashkari was one of three dissenters at last week’s Federal Open Market Committee meeting.
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Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk
The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists’ expectations.
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Fed holds rates steady: What it means for credit cards, savings accounts, mortgages and auto loans
The Fed’s benchmark affects many of the interest rates consumers see every day, including those tied to mortgages, credit cards, car loans and savings accounts.
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Divided Fed holds interest rates steady, but three members voted to hike
Despite increasing support for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate in a range between 3.5% and 3.75%.
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