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.
BusinessSenator 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. Federal Reserve (the Fed).
BusinessThe US Department of Justice is dropping the criminal investigation into Fed Chairman Jerome Powell - which could pave the way for his intended successor, Kevin Warsh.
BusinessKevin Warsh, Donald Trump's nominee to be the new head of the Federal Reserve (the Fed), was grilled by Democrats during a Senate Banking Committee hearing about his independence from the president.
BusinessKevin Warsh, who has been nominated as the new chairman of the US Federal Reserve (the Fed), says the central bank must be largely independent of political control, CNBC reports.
BusinessAnthropic's new AI model is so powerful that the company does not dare release it to the market yet. In the US, the Treasury Secretary and the Federal Reserve Chairman have called an urgent meeting to address cyber risks.
TechnologyThe price of gold plummeted 7 percent to just under $4,200 per ounce, the lowest level since December.
BusinessThe Federal Reserve (Fed) is leaving US interest rates unchanged in the 3.50–3.75 percent range, as expected. The impact of the war in Iran on inflation is weighing heavily on the US central bank. This makes an already difficult balancing act even harder for the Fed, says Maria Landeborn, senior strategist at Danske Bank.
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