ECONOMIC NEWS

Negative interest rates have “adverse consequences which we do not fully understand,” Jamie Dimon, CEO of J.P. Morgan Chase, told CNBC-TV18 on Monday.The European Central Bank last month pushed rates deeper into negative territory, while the Bank of Japan appeared to...

The move in markets comes after a complicated day for Brexit on Saturday.U.K. Prime Minister Boris Johnson was thwarted by a cross-party group of politicians who voted to postpone the “meaningful vote” on his new divorce deal.They also forced him to ask Brussels for...

“The addiction to cheap money … that’s the problem, not the solution,” said Yuwa Hedrick-Wong, a visiting scholar at the Lee Kuan Yew School of Public Policy, at the Forbes Global CEO Conference in Singapore on Tuesday.U.S. President Donald Trump has consistently...

Avoiding a recession requires many factors to “stick to script” at the same time, says Mark Zandi, chief economist of Moody’s Analytics.That includes U.S. President Donald Trump not escalating the tariff war with China, the U.K. finding a resolution to Brexit and...

At around 02:00 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.6994%, while the yield on the 30-year Treasury bond was also lower at around 2.1671%.The bond market was closed on Monday, as investors observed the...

Duke University professor Campbell Harvey says the bond yield curve is “flashing code red” for a recession.The yield for the 3-month Treasury has been above the 10-year since May, a condition known as an inverted yield curve that has predicted the past seven...

The Fed released minutes from its September meeting where the central bank approved a quarter-point rate cut.Fed minutes show that “a few participants” at the September meeting said prices in futures markets “were currently suggesting greater provision of...

At around 8:10 a.m. ET, the yield on the benchmark 10-year Treasury note traded at 1.527% while the 30-year Treasury bond rate slid to 2.025%. The U.S. also expanded its trade blacklist to include some of China’s top artificial intelligence firms on Monday, punishing...

Asia markets gained on Tuesday, with major indexes in Japan, South Korea, China and Hong Kong trading higher.High-level trade talks between the world’s two largest economies are due to start on Thursday, but reports said that Chinese officials are growing hesitant to...

The risk of a recession is rising, and the main threat to the economy the Trump administration’s ongoing trade war, according to a survey of a panel of business economists.The results of the survey, conducted the week of Sept. 9-16, come as many analysts see warning...

The jobless rate in September dropped 0.2 percentage points to 3.5%, the lowest since December 1969.Nonfarm payrolls rose by 136,000 in September, below the 145,000 forecast by economists polled by Dow Jones.However, past numbers were revised higher. August was...

The Ifo Institute’s Joint Economic Forecast for 2019, published Wednesday, has been revised down from the 0.8% GDP (gross domestic product) growth projected in the spring to just 0.5%.Barclays’ global manufacturing confidence (GMC) index declined for an eighth...