U.S. economy has already seen 75% of the impact from Fed's hikes, IMF says
Around three quarters of the effects of tighter monetary policy have already fed through to the U.S. economy, according to an analysis by the International Monetary Fund.
Jenni Reid in asian news
European markets close lower as ECB members talk rate cuts at Davos; Hugo Boss down 9%
This is CNBC's live blog covering European markets.
As others try to quash rate cut talk, European Central Bank's Centeno flags inflation progress
Euro zone inflation is moving in the right direction, Portugal's central bank governor Mario Centeno said Tuesday, despite his peers on the European Central Bank Governing Council striking a more hawkish tone in recent days.
World's five richest men have doubled their wealth since 2020, report finds
The world's five richest men have more than doubled their vast wealth since 2020, according to an Oxfam report, as the charity calls for curbs on "corporate power."
Possible there will be no rate cuts this year, European Central Bank member says
The European Central Bank may defy market expectations and hold off on starting interest rate cuts during the whole of 2024, the institution's Governing Council member Robert Holzmann said Monday.