ECB’s Lagarde Squeezed as Markets Boost 2024 Rate-Cut Bets – Bloomberg
The European Central Bank’s forecasts and any accompanying messaging are about to take prominence as President Christine Lagarde weighs how far to push against market
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Shopping with cash rises for first time in a decade – BBC News
Cash use has grown for the first time in 10 years as shoppers keep a close eye on their budgets while prices rise, retailers have
McKinsey Shrinks New Partner Class by Roughly 35% – WSJ
It got a lot harder to make it to the top of McKinsey & Co. The closely held firm named its new class of partners,
ChatGPT builder helps create scam and hack campaigns – BBC News
A ChatGPT feature allowing users to easily build their own artificial-intelligence assistants can be used to create tools for cyber-crime, a BBC News investigation has
Bank of France Not Expecting Recession, Deputy Governor Says – Bloomberg
French economic growth is weak but the country’s central bank isn’t expecting the nation will enter a recession, according to its deputy governor. “We don’t
Higher Interest Rates Are Here to Stay
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels,
Economists see Fed keeping rates at 22-year high until at least July – The Financial Times
The US central bank will hold off on interest rate cuts until at least July 2024 and deliver less relief than financial markets expect, according
US job openings hit a two-year low – CNN
In October, the ‘Now Hiring’ signs weren’t as plentiful as they have been in recent years, and more workers chose to stay put. There were
When Will ECB Cut Interest Rates? Not Soon, Pictet Says – Bloomberg
The European Central Bank won’t cut interest rates until the final quarter of 2024 because price pressures will prove persistent, according to Sabrina Khanniche of Pictet Asset Management.
Bank of Canada Expected to Hold Rates Steady on Deteriorating Outlook – WSJ
The Bank of Canada is widely expected to hold its benchmark interest rate unchanged Wednesday as data show the economy slowing, unemployment rising and inflation