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Federal Reserve

German Finance Head Advises US on Spending in Washington

TL/DR - Germany's finance minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing it has not been effective in controlling consumer prices in the US. He made these statements at an event in Washington, referring to domestic critics who urged him to relax restrictions on public…

US Consumer Confidence Beats Expectations, Defies Recession Fears

US Consumer Confidence Jumps Beyond Expectations in September The Consumer Confidence Index in the US rose above the expected value in September to 108.0 from 103.6 in August. This leads to an extension of a sentiment rebound that began last August raising confidence in the US economy. US Consumers Defy Wall Street's Recession Fears The recent rise…