Finance

New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease. New York Federal Reserve President John Williams said Tuesday that he doesn't see additional rate hikes in 2027 after one more increase this year. "I haven't changed my view that it may be appropriate to have one more rate hike," Williams said in an interview with Bloomberg.

Finance

JPMorgan Chase CEO Jamie Dimon warned of rogue agents operating at scale and said the bank is building defensive tools. JPMorgan Chase won't allow outside artificial intelligence agents to access customer accounts and operate on their behalf, CEO Jamie Dimon said Tuesday, citing risks to the company and its customers as tech firms including Meta release autonomous assistants. "We're not going to allow just any … outside agent to come.

Finance

The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month. BEIJING — U.S. credit card giant Visa announced Tuesday it had received approval from the People's Bank of China for setting up a bank card clearing business in the country. The news comes as the U.S. and Chinese presidents plan for their third meeting this year. "This marks.

Finance

Singapore is a bastion of safety amid global turmoil, according to the CEO of DBS. SINGAPORE — Southeast Asia's biggest bank by assets is making a pitch to investors that Singapore and its businesses can help them navigate many of the uncertainties around the globe. "I love it that the 'Little Red Dot' we all call home was open … predictable, and almost kind of boring," said CEO of DBS.

Finance

The S&P 500 has climbed almost 120% since its closing low on Oct. 12, 2022. Monday marks the fourth anniversary of the current bull market, with the S&P 500 having climbed nearly 120% since its closing low on Oct. 12, 2022 — an extraordinary run that reflects Wall Street's faith in the transformative power of artificial intelligence. Since the release of ChatGPT in late 2022, investors have hungered for all.

Finance

The Cleveland Fed president said that tighter monetary policy would be needed to bring down inflation. Cleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be needed to bring down inflation and the central bank should make fast, incremental adjustments. "When feasible, I generally think it's preferable to make smaller adjustments, and to do so relatively quickly, rather than to wait and risk needing a larger.