The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.

Tech Insider : Economy, Politics
Russian President Vladimir Putin meets with Central Bank Governor Elvira Nabiullina outside Moscow, Russia October 27, 2017.
The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.

Sputnik/Alexei Nikolskiy/Kremlin/Reuters

How Russia's war has reshaped Ukraine's economy

Tech Insider : Economy
Ukraine M142 HIMARS Bakhmut
Ukrainian troops fire M142 HIMARS rockets toward Bakhmut on May 18, 2023.

Serhii Mykhalchuk/Global Images Ukraine via Getty Images

Russia's central bank has $8 billion frozen in Switzerland, which is still deciding what to do with the funds

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Switzerland Swiss Flag

AP

The Fed could deliver the final rate hike of a historically aggressive cycle today. Here's what to know.

Tech Insider

All eyes are on the Fed today as officials ready their decision on what could be the final rate hike of the cycle. 

As of last night, traders assigned a 82% probability to a 25 basis-point increase, while they see an 18% chance of no change at all. 

We'll hear from central bank chief Jerome Powell today at 2 p.m. ET, shortly after the policy announcement. 

Below, we're covering everything to know for the big day.

The Fed is 'tone deaf' if it hikes interest rates when a debt default and banking crisis are looming, top economist David Rosenberg says

Tech Insider
David Rosenberg
David Rosenberg.

Gluskin Sheff

The housing market downturn will send home prices 5% lower and help push the economy into a recession

Tech Insider
A single family home is shown for sale in Encinitas, California May 22, 2013. REUTERS/Mike Blake
Single family home is shown for sale in Encinitas

Thomson Reuters

The market is wrong to expect Fed rate cuts anytime soon as inflation will persist, Blackstone president says

Tech Insider
Blackstone President and Chief Operating Officer Jonathan Gray
Blackstone President Jonathan Gray

Drew Angerer/Staff/Getty Images

The dollar's dominance as a reserve currency eroded last year at 10 times the pace seen in the past 2 decades

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dollar
dollar

SOPA images

Banking turmoil will help the Fed fight inflation but won't trigger a recession, Janet Yellen says

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Janet Yellen
Federal Reserve Chairman Janet Yellen waits for a hearing of the Joint Economic Committee on Capitol Hill, November 29, 2017.

Brendan Smialowski/AFP via Getty Images

Nobel laureate Paul Krugman says the Fed doesn't realize it's already beaten inflation – because it's fixated on flawed price measures

Tech Insider
Economist Paul Krugman at the Rafael del Pino Foundation on February 17, 2020 in Madrid, Spain.
The Federal Reserve should ask itself if it's already won its war against sky-high inflation, Nobel laureate Paul Krugman said Wednesday.

Ricardo Rubio/Europa Press via Getty Images

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