A reputation for economic competence can be lost in a day and take a generation to win back. Ask the Conservatives.
The US economy grew faster than previously thought in the second quarter of the year, according to new figures that have fanned expectations that the Federal Reserve will raise interest rates before the end of 2015.
For the past couple of months, the Bank of England has been preparing the ground for an increase in interest rates.
The Federal Reserve declined to raise interest rates from their record low of near-zero on Thursday, citing concerns that the still fragile world economy may “restrain economic activity” and further drag down already low inflation.
Homes listed for $100 million or more are piling up fast, but sales have ground to a halt, leading some to call a top in the very top of the real estate market.
Recent economic reports do not give enough reason for the Federal Reserve to increase interest rates, according to Goldman CEO Lloyd Blankfein.
Under intense security and privacy, 12 people are gathering in Washington DC to make decisions that could change the lives of everyone in the US – and much of the rest of the world.