BofA Global Research said on Monday that it expects the U.S. Federal Reserve to deliver four 25-basis point (bps) rate cuts next year, starting in March.
Federal Reserve Bank of Cleveland President Loretta Mester said financial markets had got "a little bit ahead" of the central bank on when to expect interest rate cuts, the Financial Times
A look at the day ahead in European and global markets from Wayne Cole.
The Congressional Budget Office projects U.S. economic growth to slow to 1.5% in 2024, with the unemployment rate seen rising to 4.4% next year from what it estimates will be a 3.9%
U.S. business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the
Traders of futures contracts that settle to the Federal Reserve's benchmark rate pared bets on U.S. interest-rate reductions next year as New York Fed President John Williams told CNBC in
A look at the day ahead in U.S. and global markets by Amanda Cooper It's fair to say that markets have been holding on for the Federal Reserve to finally cave and agree with the extremely
The euro zone turned from trade deficit to surplus in October, non-adjusted data showed on Friday, as imports of energy in particular declined in value from a year earlier.
World markets head into year-end on a "buy everything" high, with the Federal Reserve signalling it will switch to rate cuts in 2024, propelling stocks and gold higher.
The Federal Reserve's signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields and a rash of market bets on U.S. rate cuts next year, marking a
The average interest rate on the most popular U.S. home loan fell this week to below 7% for the first time since August as Treasury market yields dropped sharply after the Federal Reserve
U.S. business inventories unexpectedly fell in October, suggesting that inventory investment could weigh on economic growth this quarter.
U.S. import prices fell for a second straight month in November amid decreases in the costs of energy products and motor vehicles, suggesting that import deflation could help to
A look at the day ahead in U.S. and global markets from Mike Dolan Judged by the sharp drop in the dollar, European central banks may find it hard to match the dovishness from the Federal Reserve
The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S.
The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last
HSBC said on Wednesday it expects the U.S. benchmark S&P 500 index to end 2024 at 5,000 points, representing an around 8% upside to the last close.
World Bank chief economist Indermit Gill on Wednesday said past experience showed that interest rates may stop going up, but they are unlikely to come down "anytime soon," which
A look at the day ahead in U.S. and global markets from Mike Dolan As Wall St waited optimistically for the Federal Reserve's latest nods and winks on future policy, Argentina took a
The U.S. federal budget deficit jumped 26% in November from a year earlier to $314 billion, a record for the month and the highest since March, the Treasury Department said on
A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday's consumer price inflation update may not have to wow the gallery to keep the U.S. disinflation glow alive and persuade the
The International Monetary Fund's No. 2 official on Monday warned that fragmentation in the global economy and clear shifts in underlying bilateral trade could trigger a "new
Since 1994 when the Federal Reserve first began issuing a statement announcing actions taken at each monetary policy meeting, it has initiated new interest-rate cutting cycles or has
A look at the day ahead in U.S. and global markets from Mike Dolan The final sweep of major central banks meetings of 2023 this week is unlikely to involve any change of policy rates but may act as a
Binance founder Zhao released from US custody, Bloomberg News reports
Brazil's top court imposes new fine before allowing X to resume service
A federal judge in Texas will hear arguments over Boeing's plea deal in a 737 Max case
South Korea's foreign minister says Russia engaging in illegal arms trade with North Korea
Israeli airstrikes rock Beirut, Hezbollah command centre hit
Canada booking seats on commercial flights to help citizens flee Lebanon
LVMH deal spurs rally in Moncler, speculation about luxury sector M&A
Assets in actively managed ETFs top $1 trillion worldwide
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
White Sox lose post-1900s, majors-record 121st game, falling 4-1 to Tigers
Tigers clinch AL wild card with 4-1 win over White Sox, ending decade-long postseason drought
NCAA president Charlie Baker decries 'dysfunction' in NIL, urges Congress to act