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San Francisco Fed’s Daly: Healthy economy needs less support

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WASHINGTON — With interest rates ultra-low even as the U.S. economy swiftly improves, Federal Reserve officials are divided over how quickly they should adjust...

Mexican migrants sent home a record $4.5 billion in May

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MEXICO CITY — Mexicans living abroad sent home a record amount of money in May, topping $4.5 billion in a month for the first...

World Bank raises China growth outlook to 8.5%

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BEIJING — The World Bank raised its forecast of China’s economic growth this year to 8.5% from 8.1% and said Tuesday a full recovery...

AP FACT CHECK: Biden distorts bipartisan infrastructure deal

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WASHINGTON — President Joe Biden overstated the expected employment gains Tuesday in making his pitch for a bipartisan infrastructure proposal that he...

Congress repeals Trump-era regulations on payday lenders

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NEW YORK — Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday...

All big banks pass latest Federal Reserve ‘stress tests’

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NEW YORK — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday...

Czech central bank raises key rate to 0.5% to tame inflation

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PRAGUE — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as...

Big US banks to employees: Return to the office vaccinated

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NEW YORK — Wall Street's big investment banks are sending a message to their employees this summer: Get back into the office, and bring...

Lebanon raises price of bread amid crippling economic crisis

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BEIRUT — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s...

Fed’s Powell says high inflation temporary, will ‘abate’

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WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...