When the Federal Reserve Board met in May, interest rates didn’t budge from its benchmark range of 4.25% to 4.5%. An unchanged rate might not mean much, but it influences all lending products, including mortgage rates.
The Federal Reserve, or Fed, is the central bank of the United States.
China’s economic data showed an improved picture for consumption in May, with retail sales beating expectations in the run-up to a major online shopping holiday even as US tariffs continued to weigh on the country’s manufacturing and exports.
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Retail sales, a gauge of consumption,
» Read more about: China’s economy weathers US tariff storm in May as consumption picks up »
Bangladesh’s apparel exports to the US market reached $2.98 billion in the first four months of 2025, a 29.33% year-on-year growth, far outpacing its competitors in the world’s largest economy, according to data from the US Office of Textiles and Apparel (OTEXA).
Exporters and industry experts say ongoing trade tensions between the United States and China are prompting American buyers to reduce their reliance on Chinese apparel,
(Bloomberg) — It’s the kind of geopolitical flashpoint that might once have triggered a full-blown market meltdown: Israeli warplanes struck Iranian nuclear sites, Tehran vowed revenge — then followed through. Oil spiked.
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Yet in a year where crises have come in waves,
» Read more about: Wall Street’s Momentum Machine Faces a Middle East Stress Test »
Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war.
The Dow Jones Industrial Average jumped 463 points, or 1.10%, to 42,660.98.
The S&P 500 climbed 1.15% to 6,045.65,
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» Read more about: The Stock Market Is Shrugging Off the Israel-Iran Conflict. Is That Normal? »
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SPRINGDALE — The Board of Governors of the Federal Reserve System has banned a former Springdale banker from working for financial institutions after he misappropriated more than $40,000 from customer accounts for his own personal use, according to an order of prohibition issued June 9.
Christopher Timos took customer funds totaling $42,731 for his personal benefit,
Billionaire Jeffrey Gundlach believes the Federal Reserve will most likely be forced to print money to support the U.S. Treasury market.
In a new interview at the Bloomberg Credit Forum, the DoubleLine Capital founder says the Fed will likely need to counter a lack of demand for the long end of US Treasuries in the form of quantitative easing (QE).
