Two Fed Officials See Slow Path of Recovery From Coronavirus Pandemic

Cleveland Fed leader Loretta Mester and Patrick Harker of the Philadelphia Fed cautioned in television appearances Friday they expect the economic recovery to be slow-moving. 


 
Central Bank Push for Higher Inflation Can Backfire, New Paper Warns

A day after the Federal Reserve announced a shift that would formally accept inflation over its 2% target to make up for a period where it fell short of the goal, a new paper warns the central bank may be going down a perilous road. 


 
Bank of England Still Has Firepower to Support Recovery, Governor Says

Mr. Bailey said the BOE still has considerable room to loosen policy, including by cutting rates into negative territory and expanding the range of assets it buys. 


 
Warren Buffett and the $300,000 Haircut

There's a reason the Oracle of Omaha is an ultrabillionaire as he turns 90: He grasped the power of compounding at the age of 10. The sooner the rest of us fully understand it, the better off we'll be. 


 
SoftBank to Sell $14 Billion Stake in Telecom Unit

Billionaire Masayoshi Son's SoftBank Group said it would sell a $14 billion chunk of its Japanese mobile unit, adding to a string of asset sales aimed at bolstering the company's debt-laden balance sheet. 


 
State Banks Are the Sin-Eaters of China's Economic Recovery

As China's recovery from the pandemic continues, the burden of the country's economic support measures is increasingly falling on its commercial banks. 


 
Chinese Bond Issuers Bypass U.S. Investors

Chinese companies are borrowing less from U.S. bond buyers, as the deep pools of dollars held by investors in Asia means the region can be more self-reliant for hard-currency funding. 


 
Wall Street Looks for Inflation in All the Wrong Places

Be wary of expert predictions of how Covid-19 and federal stimulus will affect the direction of consumer prices. The fate of your holdings rides on the outcome. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
U.S. Government Bond Yields Rise After Fed Policy Shift

Yields reversed an early decline on Thursday after the Federal Reserve said it would drop its longstanding practice of pre-emptively lifting interest rates to stave off rising inflation.