Fed’s Barkin Says Full Impact of High Interest Rates Yet to Come
Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target.
Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target.
Brazil’s Braskem SA tumbled on Monday after Abu Dhabi National Oil Co. dropped its bid for a stake in the troubled Brazilian petrochemicals company, a development that signals the stop-and-start sales process will drag on even longer.
Chinese President Xi Jinping called on France to help fend off a “new Cold War” as the European Union increasingly aligns with US concerns over cheap imports and national security risks.
Steward Health Care System LLC filed for bankruptcy early Monday after a period of mounting financial challenges and government scrutiny over the impact of its hospital closures on patients.
Jones Lang LaSalle Inc.’s chief executive officer said demand is soaring for data centers as corporate America embraces artificial intelligence, creating a rare bright spot in a commercial-property market faced with rising office vacancies.
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