Federal Reserve Chair Jerome Powell signaled that there is no clear time limit to the current pause on interest-rates hikes in a wide-ranging interview on CBS News’ “60 minutes” yesterday.
The U.K. government is looking for last-minute concessions from the European Union to keep Prime Minister Theresa May’s withdrawal agreement alive when Parliament votes this week.
Turkey fell into its first recession in a decade, dealing a blow to President Recep Tayyip Erdogan as the country heads toward bellwether municipal elections this month.
Gross domestic product shrank a seasonally adjusted 2.4 percent last quarter from the previous three months, when it declined a revised 1.6 percent, according to data released on Monday. That matched the median estimate of economists in a Bloomberg survey. From a year earlier, GDP dropped 3 percent.