Breaking News: Economy

Fed officials expect smaller rate hikes to come 'soon'

Fed officials expect smaller rate hikes to come ‘soon’

Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …

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Amazon founder Jeff Bezos warns it's time to 'batten down the hatches'

Amazon founder Jeff Bezos warns it’s time to ‘batten down the hatches’

Amazon CEO Jeff Bezos speaks during the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos has become the latest business leader to warn about the state of the economy, warning that tougher times are likely to come. In a tweet posted on …

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Goldman CEO says there's a good chance of a recession, so it's time to be cautious

Goldman CEO says there’s a good chance of a recession, so it’s time to be cautious

Goldman Sachs CEO David Solomon warned on Tuesday that the U.S. economy could be heading for a slowdown that could make investment and business decisions more difficult. “I think now is the time to be cautious, and I think if you’re running a risk-based business, now is the time to think more carefully about your …

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