China’s central bank said a meeting in Shanghai produced an agreement with the U.S. Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s two biggest economies seeking common ground. The two sides also “exchanged lists of financial stability contacts” during the fifth meeting of the
Recent economic data has eased the recession fears that loomed earlier in August, diminishing the likelihood of large rate cuts by the Federal Reserve and boosting investor confidence in risk assets. The S&P 500 and Nasdaq 100 indices saw their strongest week since late October 2023 as of Friday midday trading, driven by encouraging economic
Lower yields on deposits but better terms on credit cards: Those are two ways consumers might feel some impact from the next Federal Reserve interest-rate cut, which is looking more likely amid recent signs of economic weakness. However, the long-anticipated move might not do much good for your finances, unless it’s followed by a series
In terms of economic growth, Nashville is growing incredibly wealthy. Veritable gallons of ink have been expended touting the fact that our city is one of the nation’s leading metro areas when it comes to a post-pandemic recovery – and it should be. We should be proud of this accomplishment. That said, we can’t allow