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Fed chief Kevin Warsh says there is zero tolerance for high inflation
Business News

Fed chief Kevin Warsh says there is zero tolerance for high inflation

The US central bank has zero tolerance for persistently high inflation, says the Federal Reserve's new head, Kevin Warsh.
Fed's Waller says US rate hike possible if inflation keeps rising
Business News

Fed's Waller says US rate hike possible if inflation keeps rising

Christopher Waller, a member of the Federal Reserve (Fed) board, says there could be a key interest rate hike in the US if inflation continues to trend upward.
Supreme Court blocks Trump from firing Federal Reserve governor Lisa Cook
Business News

Supreme Court blocks Trump from firing Federal Reserve governor Lisa Cook

The US Supreme Court has ruled that President Donald Trump does not have the right to immediately fire Federal Reserve governor Lisa Cook.
Stock market rush drains Swedes' travel funds
Business News

Stock market rush drains Swedes' travel funds

Swedes' travel budgets are shrinking due to this year's weakening of the krona. That's partly because of an unexpectedly resilient US economy, but also the AI sector's huge price gains on Wall Street, according to SEB economist Robert Bergqvist
Central bank legend Alan Greenspan dies at 100
Business News

Central bank legend Alan Greenspan dies at 100

Former US Federal Reserve chairman Alan Greenspan has died of complications from Parkinson's disease, US media report. He was 100 years old
Interest rate fears sent Wall Street plummeting after Fed signals rate may be raised this year
Business News

Interest rate fears sent Wall Street plummeting after Fed signals rate may be raised this year

The US stock market fell sharply after the Federal Reserve's Wednesday interest-rate announcement. All major indexes fell at least 1 percent
Fed leaves interest rates unchanged, board disagrees on future outlook
Business News

Fed leaves interest rates unchanged, board disagrees on future outlook

The US Federal Reserve (Fed) - with new head Kevin Warsh at the helm - has, as expected, left US interest rates in the range of 3. 50–3
Strong rise in oil prices puts upward pressure on diesel and gasoline at Swedish gas stations
Business News

Strong rise in oil prices puts upward pressure on diesel and gasoline at Swedish gas stations

A higher oil price and a stronger dollar are putting upward pressure on diesel and gasoline at Swedish gas stations. The price of North Sea oil (Brent) is up almost 5 percent, to just over $97
After the US stock market dip, Europe is living dangerously
Business News

After the US stock market dip, Europe is living dangerously

U. S
USA: Many new jobs lower probability of interest rate cut
Business News

USA: Many new jobs lower probability of interest rate cut

The U. S
War fears drove Wall Street lower as US and Iran exchanged attacks despite a ceasefire
Business News

War fears drove Wall Street lower as US and Iran exchanged attacks despite a ceasefire

The New York Stock Exchange fell and oil prices rose on Wednesday after the United States and Iran exchanged attacks despite a ceasefire.
More Americans are hungry now than during the pandemic
World News

More Americans are hungry now than during the pandemic

More Americans are suffering from hunger than during the coronavirus pandemic, the Federal Reserve Bank of New York finds in a study.
US core inflation rises slightly to 3.3 percent in April
Business News

US core inflation rises slightly to 3.3 percent in April

Core inflation in the U. S
White House: Kevin Warsh to be sworn in as Fed chief on Friday
Business News

White House: Kevin Warsh to be sworn in as Fed chief on Friday

President Donald Trump will swear in Kevin Warsh as the new head of the U. S
Swedish krona worst performer among G10 currencies so far this year
Business News

Swedish krona worst performer among G10 currencies so far this year

The Swedish krona faces headwinds after last year's gains and is now the worst performer so far this year among all so-called G10 currencies - the ten most traded and liquid currencies in the world.
Kevin Warsh becomes new Fed chief after Senate confirmation
Business News

Kevin Warsh becomes new Fed chief after Senate confirmation

Kevin Warsh will be the new head of the US Federal Reserve after the Senate gave him the green light on Wednesday.
New Fed chief not seen as threatening Fed independence
Business News

New Fed chief not seen as threatening Fed independence

The US Federal Reserve (Fed) appears to have parried the Trump administration's attempts to influence monetary policy and threats of interest rate cuts for the time being. The Fed's independence is not under acute threat, according to SEB's US economist Elisabeth Kopelman
Inflation and oil prices pressure Wall Street
Business News

Inflation and oil prices pressure Wall Street

High inflation figures, rising oil prices and profit-taking are some of the explanations for the gloomy mood on the New York Stock Exchange on Tuesday.
Interest rate cut increasingly distant in the US
Business News

Interest rate cut increasingly distant in the US

Stubborn inflationary pressures and now strong job figures seem to be reducing the chance that Kevin Warsh - the new head of the Federal Reserve (Fed) - can lower the key interest rate in the United States. That raises the risk of a clash with President Donald Trump
Fed officials warn of possible rate hikes
Business News

Fed officials warn of possible rate hikes

Two senior US Federal Reserve officials are warning of possible interest-rate increases as a result of the protracted war involving Iran.
Disagreement as US policy rate left unchanged
Business News

Disagreement as US policy rate left unchanged

The US Federal Reserve (Fed) is leaving the US benchmark interest rate unchanged in the range of 3. 50-3
New Fed chief Kevin Warsh gets green light from Senate Banking Committee
Business News

New Fed chief Kevin Warsh gets green light from Senate Banking Committee

Kevin Warsh has been approved by the Senate's powerful Banking Committee as the new head of the U. S
Nordea does not expect interest rate hikes this year
Business News

Nordea does not expect interest rate hikes this year

The Swedish Central Bank is expected to leave the key interest rate unchanged until next year, despite the energy price shock and uncertainty surrounding the war in Iran, according to a mortgage-rate forecast by Nordea chief economist Annika Winsth. "However, it is wise to be humble and take into account both higher inflation and interest rates," she adds
Senator Thom Tillis lifts hold on Trump's Fed nominee Kevin Warsh
Business News

Senator Thom Tillis lifts hold on Trump's Fed nominee Kevin Warsh

Senator Thom Tillis has lifted his hold on Kevin Warsh, who has been nominated by President Donald Trump to be the next head of the U. S
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