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Warren Buffett says he’s not worried about Fitch’s U.S. downgrade

Warren Buffett tours the floor ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, NE.David A. Grogan | CNBCWarren Buffett shrugged off...

Veteran banker Jeffrey Schmid picked to lead Kansas City Fed

Jeffrey Schmid, the new president and CEO of the Kansas City Fed.Courtesy: Federal Reserve Bank of Kansas CityThe Kansas City Federal Reserve is...

Banks say conditions for loans to businesses and consumers will keep getting tougher

The U.S. Federal Reserve Building in Washington, D.C.Win Mcnamee | ReutersLending conditions at U.S. banks are tight and likely to get tighter, according...

CME Group CEO Terry Duffy: Manage your risk because everyone I’ve talked to got Fed ‘dead wrong’

It's vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy."Everybody that...

15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer

The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate.In July 2023, the federal funds...

Fed approves hike that takes interest rates to highest level in more than 22 years

WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to its highest level in...

UK inflation rate slides to 7.9% in June, below expectations

Skyline view of the financial district of the City of London.Mike Kemp | In pictures | Getty ImagesLONDON – UK inflation...

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