Is the Federal Reserve worried that Wall Street has too high an expectation for what the Fed will continue to do with QE? Matthew Slaughter, Dartmouth University; CNBC Contributor Greg Ip; and CNBC's Jeff Cox, discuss.
The Federal Reserve provided the country’s 19 biggest banks with its the guidelines for the 2013 stress test. Next year, banks will be stressed under three scenarios, the most severe incorporating a slowdown in China, along with severe recessions in the U.S. and Europe.
Spain's economy is sinking deeper into recession, experts agree that the country will miss its budget targets and a several ECB officials have said Spain urgently needs a bailout, yet the bond market is dancing to a completely different tune.
The clouds hanging over European consumers and dampening spending show no sign of lifting, as consumer confidence in the region continues to be the lowest in the world.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
The Fed could keep interest rates exceptionally low through early 2016 if it followed a so-called optimal policy path, according to a senior Fed official.
Apple stores are the most productive shops in the US according to new research that suggests the most effective use of retail space is selling expensive products that are occasional purchases for well-off consumers, the FT reports.