Federal Reserve officials indicated they are unlikely to raise interest rates this year and may be nearly finished with the series of increases they began more than three years ago now that U.S. economic growth is slowing.
Business confidence is receding in the US from the heights it reached after Donald Trump’s election, as friction with trading partners and a slowing global economy weigh on chief executives’ expectations for hiring, investment and growth.
JPMorgan’s corporate and investment bank will no longer visit college campuses to recruit, asking candidates instead to submit a video interview and play some behavioral-science computer games.
The Federal Reserve on Wednesday further cut its outlook for US interest rate rises this year and laid out plans to cease trimming its balance sheet.
According to the latest survey by consultants EY, financial services groups have triggered contingency plans that will move £1tn of assets, and 7,000 jobs, out of the UK to Europe.