Kansas City Fed President Jeffrey Schmid offered a firm defense of his decision to oppose this week’s quarter-point rate cut, arguing that the U.S. economy remains resilient and inflation too high to justify further policy easing. In a statement, Schmid said the labor market is “largely in balance”, the economy continues to show “momentum,” and […]
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With a new outbreak of the Ebola virus continuing to spread across three Central African countries, the U.S. Centers for Disease Control and Prevention (CDC) put in place a new entry ban on non-citizens who Read more…
Sterling strengthened broadly on this week, but the rebound was driven less by optimism over the UK economy and more by the easing of immediate political and fiscal fears that had weighed heavily on British Read more…
UK business activity deteriorated sharply in May as the economy was hit by a combination of Middle East-related energy pressures and rising domestic political uncertainty. Flash UK Composite PMI Output Index plunged from 52.6 to Read more…