Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled
November 27, 2024
Soft landing? Not so fast: Inflation heated back up in October
November 27, 2024
The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows
November 27, 2024
The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending.
November 27, 2024
The number of Americans filing new applications for unemployment benefits fell again last week, but many laid-off workers are experiencing long bouts of joblessness, keeping the
November 27, 2024
Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal Reserve interest rate cuts
November 27, 2024
Wall Street's main indexes closed lower on Wednesday, with the Nasdaq leading declines, as technology stocks slumped on Thanksgiving eve
November 27, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan With Wall Street about to log off for what's effectively a four-day Thanksgiving holiday, trade tariff jitters are replaced by
November 27, 2024
Some Federal Reserve policymakers believe it may soon be time to lower the rate on funds that banks and money market funds park at the Fed, minutes from the Fed's most recent
November 26, 2024
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves
November 26, 2024
Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates, but as a group
November 26, 2024
Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank's
November 26, 2024
Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank's policy spectrum, said on Monday he is open to cutting interest rates
November 26, 2024
An economic adviser at the Federal Reserve Bank of San Francisco known for his research into productivity trends published an analysis Monday that left open the possibility
November 25, 2024
Donald Trump on Friday said he would nominate Scott Bessent to be the 79th U.S.
November 25, 2024
President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S.
November 22, 2024
President-elect Donald Trump's choice of Scott Bessent for Treasury secretary
November 22, 2024
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial
November 22, 2024
By Michael S.
November 22, 2024
U.S.
November 22, 2024
The euro slumped to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a
November 22, 2024
Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that
November 21, 2024
U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term.
November 21, 2024
By Michael S.
November 21, 2024
A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs).
November 21, 2024
U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief decline in
November 21, 2024
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in
November 21, 2024
The U.S. is more vulnerable to inflationary shocks than in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview with the Financial Times published on
November 21, 2024
Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron's in an interview published on Thursday.
November 21, 2024
An index of global stock markets edged higher in choppy trading on Thursday as investors digested lackluster revenue forecasts from artificial-
November 21, 2024
The dollar rose to a 13-month high in choppy trading on Thursday as investors assessed the latest labor market data and comments from Federal Reserve officials
November 21, 2024
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates
November 20, 2024
By Michael S.
November 20, 2024
Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed's
November 20, 2024
Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a cautious approach to any further interest rate cuts, noting
November 20, 2024
Two Federal Reserve governors on Wednesday laid out competing visions of where U.S. monetary policy may be heading, with one
November 20, 2024
The U.S.
November 20, 2024
The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic
November 20, 2024
It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of confidence that inflation is
November 19, 2024
A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the
November 19, 2024
Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his
November 19, 2024
A tight U.S. labor market is still adding to inflationary pressures, though less so than it did in 2022 and 2023, according to research published on Monday by the San
November 18, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and
November 18, 2024
The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the
November 18, 2024
President-elect Donald Trump added former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan to the list of candidates to become his Treasury secretary, the New York
November 18, 2024
The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was
November 17, 2024
Federal Reserve Bank of Chicago President Austan Goolsbee on Friday signaled he feels the U.S. central bank will likely end up cutting the policy rate by another quarter of a percentage
November 15, 2024
Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as
November 15, 2024
By Michael S.
November 15, 2024
U.S. industrial production fell for a second straight month in October, continuing to be depressed by hurricanes and a strike by factory workers at Boeing, but a rebound is
November 15, 2024
Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system.
November 15, 2024
U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack of progress lowering inflation in recent months.
November 15, 2024
U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the
November 15, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal
November 15, 2024
Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns
November 15, 2024
Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal".
November 15, 2024
The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate
November 15, 2024
Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026.
November 14, 2024
By Michael S.
November 14, 2024
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate
November 14, 2024
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next
November 14, 2024
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
November 14, 2024
High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make U.S.
November 14, 2024
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards
November 14, 2024
Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to suggest traders have
November 14, 2024
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job
November 14, 2024
By Michael S.
November 14, 2024
Canada's main stock index extended its record-setting run on Thursday as gains for energy shares offset a pullback in technology stocks and investors weighed recent declines
November 14, 2024
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate
November 14, 2024
A look at the day ahead in U.S. and global markets by Amanda Cooper.
November 14, 2024
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-
November 14, 2024
The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled
November 14, 2024
A Federal Reserve official has given a lengthy defense of the central bank's political independence
November 14, 2024
Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank's interest-rate cuts to date acknowledge its growing confidence that inflation is headed
November 13, 2024
The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress may
November 13, 2024
By Michael S.
November 13, 2024
After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as
November 13, 2024
U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the
November 13, 2024
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting
November 13, 2024
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months
November 13, 2024
Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a
November 13, 2024
The UK's FTSE 100 ended slightly higher on Wednesday as U.S. inflation data was in line with expectations, keeping hopes of rate cuts intact, while defence company Smiths
November 13, 2024
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with
November 13, 2024
European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising energy shares countered real estate losses,
November 13, 2024
A look at the day ahead in European and global markets from Kevin Buckland The wide-ranging market bets on big fiscal spending, lower taxes and higher tariffs under incoming U.S.
November 13, 2024
A gauge of global stocks fell for a second straight session on Wednesday and longer-dated U.S.
November 13, 2024
The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as
November 13, 2024
By Michael S.
November 12, 2024
Larry Summers sounds the alarm bell on inflation — before Trump even takes office
November 12, 2024
Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow
November 12, 2024
U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market, and for the first time in five months they saw a lower risk of
November 12, 2024
Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively “synthetic” dollars that can bring benefits to the financial system.
November 12, 2024
By Michael S.
November 12, 2024
The Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2% target, two U.S. central bankers said
November 12, 2024
Elon Musk wants to radically reshape who controls America’s money supply
November 12, 2024
Within weeks of Donald Trump's 2016 election, U.S.
November 11, 2024
U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, led by
November 08, 2024
If bond investors take away one lesson from the last few years, it's this: pay attention not so much to what Jerome Powell says, but what he does.
November 08, 2024
Global money market funds attracted sharp inflows in the week to Nov. 6 as investors sought safety ahead of the U.S. presidential election and the Federal Reserve's policy meeting.
November 08, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P500 looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge
November 08, 2024
The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible
November 08, 2024
Prospects of a near-term rebound in the $28-trillion U.S. government bond market are faltering, as Donald Trump’s return to the White House
November 08, 2024
The U.S.
November 08, 2024
The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of
November 08, 2024
South Korea's finance minister said on Friday that authorities will respond in a timely manner if volatility heightens excessively in financial markets.
November 07, 2024
By Michael S.
November 07, 2024
Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's decision to reduce
November 07, 2024
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate
November 07, 2024
Federal Reserve Chairman Jerome Powell said that for now, the central bank is not taking on board in its policy-making choices the outcome of this week's election.
November 07, 2024
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move
November 07, 2024
U.S.
November 07, 2024
Trump is likely to allow Fed chair to stay. Powell said he can’t be fired anyway
November 07, 2024
Several major brokerages have tempered their predictions for how much the Federal Reserve will lower interest rates in 2025, if at all, after a surprisingly strong U.S. employment report
November 07, 2024
U.S. worker productivity increased moderately in the third quarter, resulting in only a gradual slowdown in labor costs that could cast a cloud over the inflation outlook.
November 07, 2024
The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and
November 07, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan World stocks and bond yields pushed higher after Donald Trump's clear U.S. election win and a collapse of Germany's coalition redrew
November 07, 2024
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could
November 07, 2024
U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in interest rates, extending a sharp rally sparked by
November 07, 2024
The Federal Reserve cut interest rates by a quarter point, CNN's Julia Chatterley breaks down how President-elect Donald Trump’s return could impact interest rates and the economy.
November 07, 2024
Key takeaways from the Fed’s rate cut after the election
November 07, 2024
The Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week
November 07, 2024
Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy
November 07, 2024
U.S.
November 06, 2024
U.S.
November 06, 2024
By Michael S.
November 06, 2024
The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline in inflation and a cooling in labor markets that
November 06, 2024
Traders trimmed bets Tuesday on Federal Reserve interest rate cuts next year, as early tallies for the U.S. presidential election rolled in through the evening.
November 06, 2024
When Federal Reserve Chair Jerome Powell and his colleagues meet this week to discuss their next interest rate move, they'll face a much more complicated
November 05, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Even with the uncertainty of what most pollsters see as a dead heat in the White House race, world markets are in a upbeat mood as
November 05, 2024
Bond investors are keeping a defensive but neutral stance in
November 04, 2024
U.S. stocks closed slightly lower after a choppy session on Monday, as investors prepared for a crucial week in which Americans will elect a new president and
November 04, 2024
Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday's U.S. presidential election and the Federal Reserve's policy decision later in
November 04, 2024
The dollar softened and stocks fell on Monday as investors treaded carefully hours before the U.S. presidential election, with a U.S.
November 04, 2024
The U.S. dollar slipped on Monday as investors pulled out of Trump trades, which have benefited in recent weeks from speculation that Republican
November 03, 2024
The world is about to get some much-needed clarity on the US economy’s future
November 03, 2024
A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve offers more
November 01, 2024
Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their
November 01, 2024
U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that
November 01, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan With next week's U.S. election now dominating thinking, the last two megacap earnings reports of the week appear to have calmed the
November 01, 2024
Wall Street's major indexes ended higher on Friday, rebounding from the previous day's sell-off as Amazon's strong earnings countered a significant drop in U.S. job
November 01, 2024
U.S. job growth almost stalled in October as strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection
November 01, 2024
The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth
October 31, 2024
The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve
October 31, 2024
By Michael S.
October 31, 2024
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August
October 31, 2024
U.S. labor costs recorded their smallest increase in more than three years in the third quarter amid cooling wage growth, indicating that inflation was firmly on a downward
October 31, 2024
As if financial markets needed another factor to complicate the near-term outlook for Federal Reserve policy, the U.S. economy and asset prices, investors
October 31, 2024
The Fed’s favorite inflation index just cooled again
October 31, 2024
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% in September after an unrevised 0.1% gain in August.
October 31, 2024
With inflation now only just above the Federal Reserve's 2% target and wage pressures easing, U.S. central bankers are widely expected to cut short-term borrowing costs next
October 31, 2024
U.S. consumer spending increased slightly more than expected in September, putting it and the economy on a higher growth trajectory heading into the final three months of the
October 31, 2024
As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels
October 31, 2024
The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected
October 31, 2024
Trump’s former pick to join the Federal Reserve has proposed a radical solution to solve inflation
October 31, 2024
Most Asian central banks will cut interest rates slower than the U.S.
October 31, 2024
World stock indexes dropped on Thursday, with the Nasdaq ending more than 2% lower after Meta Platforms and Microsoft warned of rising costs for artificial
October 31, 2024
The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to
October 30, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Markets struggling which way to look will be dizzy again in an event-strewn Wednesday but the spotlight first thing drops on
October 30, 2024
The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as
October 30, 2024
The U.S. economy grew solidly in the third quarter, with consumer spending increasing at its fastest pace in 1-1/2 years and inflation slowing sharply,
October 30, 2024
Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S.
October 29, 2024
Job openings fall to pre-pandemic levels as US labor market continues to cool down
October 29, 2024
U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market
October 29, 2024
This past summer, leads for Brian Brown's landscaping business near Lake Tahoe were drying up.
October 29, 2024
The Treasury Department may offer fresh guidance on expected increases in its 2025 debt auctions when it announces its updated refunding plans this week, though
October 28, 2024
Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while
October 28, 2024
The nine days until Federal Reserve officials sit down to decide what to do next with interest rates features a veritable murderers' row of events to shape their move -
October 28, 2024
Boeing and other strikes will take at least a 44,000-job bite out of the October jobs report
October 25, 2024
Here’s why mortgage rates are rising after the Fed’s rate cut
October 24, 2024
U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts
October 24, 2024
Sales of new U.S. single-family homes increased to the highest level in nearly 1-1/2 years in September as buyers rushed in to take advantage of a decline in mortgage rates.
October 24, 2024
Last month Federal Reserve Chair Jerome Powell and his colleagues were lauded for starting their policy easing cycle with a half percentage-point rate cut
October 24, 2024
U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that the
October 24, 2024
New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly
October 24, 2024
The euro and Japanese yen strengthened on Thursday as the U.S. dollar paused after rallying to a nearly three-month high, with the greenback only briefly
October 24, 2024
By Michael S.
October 23, 2024
U.S. economic activity was little changed from September through early October and firms saw a slight uptick in hiring, continuing recent trends that have reinforced
October 23, 2024
Hedge fund Bridgewater Associates said the Federal Reserve independence is probably a top issue in the U.S. presidential election, according to a commentary sent
October 23, 2024
The U.S.
October 23, 2024
U.S. stocks fell as more steam came out of Wall Street’s huge, record-breaking rally
October 23, 2024
The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S. economic strength and an expected divergence among
October 23, 2024
The U.S. dollar rose to a fresh 2-1/2-month high on Tuesday, continuing its recent ascent on expectations the Federal Reserve will temper its interest rate
October 22, 2024
San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which are "absolutely"
October 21, 2024
Citi Research raised its three-month forecast for gold prices, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF
October 21, 2024
Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a "cautious and deliberate" approach to interest rate cuts now that inflation is heading back to the
October 21, 2024
Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.
October 21, 2024
By Michael S.
October 21, 2024
Atlanta Federal Reserve Bank President Raphael Bostic on Friday made the case for patient reductions in the central bank's policy rate to somewhere between 3% and 3.5% by the
October 18, 2024
U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate
October 18, 2024
Tech stocks powered Wall Street stocks to a higher close and crude prices posted their biggest weekly drop in a month on Friday as investors looked past mixed
October 18, 2024
Foreign holdings of U.S. Treasuries surged to a record high in August, data from the Treasury Department showed on Thursday, rising for four straight months. Holdings of U.S.
October 17, 2024
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August
October 17, 2024
By Michael S.
October 17, 2024
The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene
October 17, 2024
U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view
October 17, 2024
Analysts turned bearish on most Asian currencies, with short bets on the Indian rupee at a one-year high, as expectations the Federal Reserve would cut rates less
October 17, 2024
Goldman Sachs said on Wednesday it expects the U.S.
October 16, 2024
By Michael S.
October 16, 2024
U.S. import prices fell by the most in nine months in September amid a sharp decrease in the cost of energy products, pointing to a benign inflation outlook
October 16, 2024
U.S.
October 15, 2024
By Michael S.
October 15, 2024
By Michael S.
October 15, 2024
UBS Global Research on Tuesday raised its year-end target for the benchmark S&P 500 index to 5,850 points from an earlier projection of 5,600, boosted by corporate profit growth,
October 15, 2024
Global investor optimism posted its biggest jump since June 2020 in October due to Federal Reserve rate cuts, stimulus pledges from China and expectations of a soft landing for the
October 15, 2024
The U.S. dollar edged higher against most major currencies on Tuesday, resuming the latest uptrend that took it to more than two-month highs fueled by
October 15, 2024
Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”
October 14, 2024
Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”
October 14, 2024
Citing a recent uptick in inflation and data showing the U.S. economy and labor market are stronger than previously thought, Federal Reserve Governor
October 14, 2024
Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of
October 14, 2024
Wall Street ended higher on Monday, with both the S&P 500 and the Dow posting fresh record finishes, as investors bought into technology stocks ahead of a busy week packed
October 14, 2024
U.S. equity funds witnessed outflows in the week to Oct. 9 as investors booked profits due to a shift in market expectations about the Federal Reserve rate cut path and a surge in bond
October 11, 2024
The case for quarter-point U.S. interest rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were flat last month compared
October 11, 2024
Wells Fargo's profit beat analysts expectations in the third quarter as it set aside less money than expected to cover potential loan
October 11, 2024
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly
October 11, 2024
A sharp steady rise in overnight repurchase agreements is overwhelming banks that serve as middlemen for such short-term borrowings in U.S. government
October 11, 2024
The Bank of Canada is likely to lower interest rates to a neutral setting that neither restricts nor stimulates its economy more quickly than the U.S.
October 11, 2024
Global stocks rose on Friday, lifted by U.S. bank earnings, and on track for a weekly gain while U.S.
October 11, 2024
The U.S. dollar was flat against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve's
October 11, 2024
By Michael S.
October 10, 2024
Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.
October 10, 2024
Mortgage rates surged for the second-straight week after hitting two-year lows
October 10, 2024
The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data
October 10, 2024
Federal Reserve Bank of New York President John Williams said Thursday he expects more rate cuts lie ahead as inflation pressures continue to moderate.
October 10, 2024
Chicago Federal Reserve Bank Austan Goolsbee on Thursday said he sees a series of interest-rate cuts over the next year to year and a half, noting that inflation is now near the Fed's 2%
October 10, 2024
U.S. consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than 3-1/2 years, potentially keeping the Federal Reserve
October 10, 2024
By Ann Saphir and Michael S.
October 10, 2024
U.S. consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-
October 10, 2024
Wall Street's main indexes closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications
October 10, 2024
The U.S. dollar slipped against the yen on Thursday as investors weighed data showing labor market weakness as well as a slight uptick in consumer prices,
October 09, 2024
San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she "fully" supported the U.S. central bank's half-of-a-percentage-point interest-rate cut last month, and said one
October 09, 2024
The interest rate for the most popular U.S. home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year after better-than-expected economic data caused
October 09, 2024
U.S. regional banks preparing for higher capital requirements will get some relief from the Federal Reserve's jumbo rate cut.
October 09, 2024
Dallas Federal Reserve Bank President Lorie Logan on Wednesday said she supported last month's outsized interest-rate cut but wants smaller reductions ahead, given "still real" upside
October 09, 2024
Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting
October 09, 2024
Minutes of the U.S.
October 09, 2024
The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S. currency if the rest of the world just won't let it
October 09, 2024
The Federal Reserve's 50-basis-point interest-rate cut last month was "timely" and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday.
October 08, 2024
Federal Reserve Vice Chair Philip Jefferson on Tuesday said the U.S. central bank's half-percentage-point interest-rate cut last month was aimed at keeping the labor market strong even as
October 08, 2024
A look at the day ahead in Asian markets.
October 08, 2024
By Michael S.
October 08, 2024
Last week's jobs numbers confirm the U.S. labor market remains strong even though it may be slowing, with a 4.1% unemployment rate around what is considered full employment and
October 08, 2024
The U.S. Federal Reserve is encouraging banks to count on its long-shunned cash backstops in a bid to support its monetary policy and financial stability goals.
October 08, 2024
The U.S. jobs market has started to cool but remains resilient and the Federal Reserve is keen to avoid a drastic weakening of the labor market, Fed Governor Adriana Kugler said
October 08, 2024
Federal Reserve Governor Adriana Kugler said on Tuesday she strongly supported the U.S. central bank's recent interest rate cut and will support further reductions if inflation continues to
October 08, 2024
A look at the day ahead in European and global markets from Rae Wee Investors hoping for a roaring restart to China's stock rally, after the mainland's week-long holiday, were disappointed on Tuesday
October 08, 2024
Federal Reserve Bank of New York President John Williams said that it will be appropriate again for the central bank to reduce rates 'over time,' after September's big half percentage point
October 08, 2024
India's TCS expects retail, manufacturing revival after banking recovery
Croats vote for president, with incumbent Milanovic ahead in opinion polls
Fires burn Los Angeles schools and destroy outdoor education sanctuaries
Japan Foreign Minister Iwaya says he will attend Trump inauguration ceremony
Los Angeles wildfires death toll rises as crews fight heavy winds to save homes and landmarks
China central bank governor Pan meets BOE's Bailey in Beijing
Steelers and coach Mike Tomlin end season on 5-game skid and make another early playoff exit
Jackson and Henry lead the way as the Ravens run over the rival Steelers 28-14 in the AFC playoffs
Novak Djokovic stands alone at the Australian Open now that Rafael Nadal and Roger Federer retired