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NEW YORK -- Interest rate cuts are likely to come sometime this year, but the U.S. Federal Reserve wants to see more proof that inflation is cooling first, Fed Chairman Jerome Powell told lawmakers on Wednesday, warning of the risk of mistiming.
Nikki Haley exited the race for president, effectively handing the Republican nomination to Donald Trump. She pointedly declined to endorse him — instead saying he must earn the support of her voters.
This is CNBC's live coverage of U.K. Finance Minister Jeremy Hunt's Spring Budget statement.
BEIJING (AP) — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge.
FRANKFURT — The European Central Bank will meet again this week amid falling inflation, a slight recovery in economic activity and the overall understanding that its next interest rate move will be downward.
BEIJING (AP) — China’s blueprint for its economy in 2024 is replete with goals and promises, but it’s also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for.
China's GDP target of 5% for 2024 is possible, but it won't be easy to achieve, Hong Kong's financial secretary told CNBC Tuesday after Beijing set a growth target of "around 5%" for this year.
In Melbourne to attend this week’s Asean-Australia summit, Lee reportedly added that the deal had turned out to be a “very successful arrangement”.