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Today: January 12, 2025
Today: January 12, 2025

Federal Reserve

Business|Economy|Finance|Political|US

US service sector growth picks up; input prices gauge highest in nearly two years

U.S. services sector activity accelerated in December, but a surge in a measure of prices paid for inputs to near a two-year high pointed to elevated inflation

US service sector growth picks up; input prices gauge highest in nearly two years
Business|Economy|Finance|Political|US

With Barr's exit from regulatory role, Trump gets early chance to reshape Fed

By Ann Saphir and Michael S.

With Barr's exit from regulatory role, Trump gets early chance to reshape Fed
Business|Economy|Finance|Political|US

Top Federal Reserve bank regulator, under fire from GOP, to step down next month

The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate

Top Federal Reserve bank regulator, under fire from GOP, to step down next month
Economy|Finance|Political|US

Fed's Barr to resign early from regulatory job to avoid legal fight with Trump

Michael Barr, the Federal Reserve's top regulatory cop, said he will step down on Feb. 28, in a surprise move that will avert a potentially messy legal fight

Fed's Barr to resign early from regulatory job to avoid legal fight with Trump
Business|Economy|Finance|Political|US

Fed's Cook: Further rate cuts can come cautiously

The U.S.

Fed's Cook: Further rate cuts can come cautiously
Business|Economy|Finance|Political|Stock Markets|US

Pre-Trump trades lift US yields, yuan shaky

A look at the day ahead in U.S. and global markets from Mike Dolan The first full trading week of 2025 kicks off with markets positioning for the Jan. 20 inauguration of Donald Trump as President,

Pre-Trump trades lift US yields, yuan shaky
Business|Economy|Finance|Political|US

Trump's policies may not prove inflationary, Bernanke, others say

A number of leading economists, including advisers to past U.S. presidents, have coalesced around the view that President-elect Donald Trump's plans to broaden

Trump's policies may not prove inflationary, Bernanke, others say
Americas|Business|Economy|Europe|Finance|Political|Stock Markets

Canadian dollar calm as Trudeau heads for the exits

A look at the day ahead in European and global markets from Wayne Cole.

Canadian dollar calm as Trudeau heads for the exits
Asia|Business|Economy|Finance|US

Dollar down in choppy trade on Trump tariff confusion

The U.S. dollar was lower on Monday in choppy trading after conflicting reports about how aggressive President-elect Donald Trump's tariff plans could be when

Dollar down in choppy trade on Trump tariff confusion
Asia|Australia|Business|Economy|Finance|Stock Markets|US

Stocks rise, dollar drops after Trump denies tariff policy pullback

Global stocks rose while the U.S. dollar index dropped on Monday after President-elect Donald Trump denied a newspaper report that his incoming administration

Stocks rise, dollar drops after Trump denies tariff policy pullback
Economy|Finance|Political|US

Fed's Kugler, Daly say job not done on inflation

Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank's job of taming

Fed's Kugler, Daly say job not done on inflation
Business|Economy|Finance|Political|US

Fed's Kugler says data will drive Fed policy choices amid uncertainty

By Michael S.

Fed's Kugler says data will drive Fed policy choices amid uncertainty
Business|Economy|Finance|Stock Markets|US

US jobs report poses first big stocks test of 2025

The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs report to show a stable but not overheated

US jobs report poses first big stocks test of 2025
Business|Economy|Finance|Political|US

US manufacturing PMI rises to nine-month high, but challenges loom

U.S. manufacturing moved closer to recovery in December, with production rebounding and new orders rising further, but the outlook remains uncertain amid the

US manufacturing PMI rises to nine-month high, but challenges loom
Asia|Business|Economy|Finance|Political|Stock Markets|US

Stocks rally after recent weakness, dollar slips

Global stocks rallied on Friday but remained on track for a weekly decline, while the dollar stalled after its recent rally but found some support from a

Stocks rally after recent weakness, dollar slips
Asia|Business|Economy|Finance|Stock Markets|US

Dollar on track for best week in a month

The dollar dipped on Friday but was on track for its strongest weekly performance in a month on expectations that the U.S. economy will continue to outperform its

Dollar on track for best week in a month
Business|Economy|Finance|US

Mortgage rates inch closer to 7% to close out 2024

Mortgage rates inch closer to 7% to close out 2024

Mortgage rates inch closer to 7% to close out 2024
Business|Economy|US

US unemployment claims fall to 211,000, the lowest level since March

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security

US unemployment claims fall to 211,000, the lowest level since March
Business|Economy|US

US weekly jobless claims hit eight-month low as labor market remains resilient

The number of Americans filing new applications for unemployment benefits dropped to an eight-month low last week, pointing to low layoffs at the end of 2024

US weekly jobless claims hit eight-month low as labor market remains resilient
Business|Economy|Finance|Stock Markets|US

The first trading day of the year, be wary

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.

The first trading day of the year, be wary
Business|Economy|Finance|Political|Stock Markets|Technology|US

What to expect from stocks in 2025

What to expect from stocks in 2025

What to expect from stocks in 2025
Business|Economy|Finance|Political|Stock Markets|Technology|US

Wall Street ends lower, capping a banner year

Wall Street lost ground on Tuesday as investors closed the book on a remarkable year for equities, during which the U.S. stock market was powered to record highs by

Wall Street ends lower, capping a banner year
Asia|Business|Economy|Finance|Stock Markets|US

Dollar dominates on cautious Fed, Trump trade

The U.S. dollar hit a two-year high and was on track to post an annual gain against almost all major currencies on Tuesday as the prospect that the Federal

Dollar dominates on cautious Fed, Trump trade
Business|Economy|Finance|Stock Markets|US

US equity funds receive big inflows on cool inflation, funding bill, and holiday rally

U.S. equity funds attracted significant inflows in the week to Dec. 25, recovering from a prior-week sell-off, buoyed by a cooler inflation report, a stopgap funding bill averting a

US equity funds receive big inflows on cool inflation, funding bill, and holiday rally
Asia|Business|Economy|Finance|Stock Markets

Stocks hit, dollar slips in illiquid year-end profit taking

U.S. stocks wrapped up Christmas week on Friday with retracements of double-digit uptrends, and, alongside the

Stocks hit, dollar slips in illiquid year-end profit taking
Asia|Business|Economy|Finance|US

Yen gains as some BOJ policymakers see rate hike soon

The Japanese yen rose off a five-month low against the dollar on Friday after a summary of opinions from the Bank of Japan’s December policy meeting showed some

Yen gains as some BOJ policymakers see rate hike soon
Business|Economy|Finance|Stock Markets|US

Dollar gains on yen on bets of US growth, inflation

The U.S. dollar hit a five-month high against the Japanese yen on Thursday on expectations the greenback would be boosted next year by policies by the incoming

Dollar gains on yen on bets of US growth, inflation
Business|Economy|Finance|Stock Markets|US

How the stock market defied expectations again this year, by the numbers

What a wonderful year 2024 has been for investors

How the stock market defied expectations again this year, by the numbers
Asia|Business|Economy|Finance|Stock Markets

US stocks tread water in thin trade, benchmark US yield backs off new high

Wall Street closed mixed on Thursday and the U.S. benchmark Treasury yield eased after scaling the highest level since May in light, directionless

US stocks tread water in thin trade, benchmark US yield backs off new high
Business|Economy|Finance|Political|US

US bank, business groups sue Fed over stress test framework

Groups representing U.S. banks and businesses said on Tuesday they were suing the Federal Reserve to challenge what they described as the "opaque aspects of the stress testing framework."

US bank, business groups sue Fed over stress test framework
Business|Economy|Finance|Political|US

Big banks, business groups sue US Fed over annual stress tests

Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law.

Big banks, business groups sue US Fed over annual stress tests
Business|Economy|Finance|Stock Markets|US

Wall Street ends higher as Santa rally begins

Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session.

Wall Street ends higher as Santa rally begins
Asia|Business|Economy|Finance|Stock Markets

Global shares and dollar firm in muted pre-Christmas trade

Wall Street topped off a global share rally in thin trade on Thursday as markets prepared for early Christmas Eve closes, while

Global shares and dollar firm in muted pre-Christmas trade
Business|Economy|Finance|US

US Fed floats major changes to bank stress tests in light of legal rulings

The U.S.

US Fed floats major changes to bank stress tests in light of legal rulings
Business|Economy|Finance|US

US new home sales rebound in November after hurricane drag

Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising mortgage rates could hamper sales next year.

US new home sales rebound in November after hurricane drag
Business|Economy|Finance|US

US core capital goods orders rebound; consumer confidence deteriorates amid tariff worries

New orders for key U.S.-manufactured capital goods surged in November amid strong demand for machinery, while new home sales rebounded after being weighed down

US core capital goods orders rebound; consumer confidence deteriorates amid tariff worries
Business|Economy|Finance|Political|Stock Markets|US

How investments may fare during Trump 2.0 and Fed easing

U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect

How investments may fare during Trump 2.0 and Fed easing
Economy|Finance|Political|US

Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder

Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder

Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder
Asia|Economy|Finance|Stock Markets|US

Dollar edges higher as Fed rates view sets direction

The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate cuts from the U.S.

Dollar edges higher as Fed rates view sets direction
Asia|Australia|Business|Economy|Finance|Stock Markets|US

Stocks gain with bond yields, dollar up; economy, rates in focus

A global equity index rose on Monday with help from Wall Street, and U.S.

Stocks gain with bond yields, dollar up; economy, rates in focus
Business|Economy|Finance|Political|US

Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say

Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to

Fed's Barr seeks legal advice amid speculation Trump might remove him, sources say
Business|Economy|Finance|US

Fed's Goolsbee says policy uncertainty led to his shift on rate-cut path

Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the U.S. central

Fed's Goolsbee says policy uncertainty led to his shift on rate-cut path
Business|Economy|Finance|Stock Markets|US

US PCE inflation cools in November

The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October's unrevised 0.2% gain, and, combined with

US PCE inflation cools in November
Economy|Finance|Political|US

Fed's Hammack says economic strength argued against rate cut

By Michael S.

Fed's Hammack says economic strength argued against rate cut
Business|Economy|Finance|US

Fed's Williams says Fed remains on track for cuts, amid uncertain outlook

By Michael S.

Fed's Williams says Fed remains on track for cuts, amid uncertain outlook
Economy|Finance|US

Fed policymakers see slower rate-cut path next year

By Michael S.

Fed policymakers see slower rate-cut path next year
Business|Economy|Finance|US

Federal Reserve's preferred inflation gauge shows price pressures eased last month

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains

Federal Reserve's preferred inflation gauge shows price pressures eased last month
Business|Economy|Finance|Political|US

The Fed’s go-to inflation gauge ticked up less than expected last month

The Fed’s go-to inflation gauge ticked up less than expected last month

The Fed’s go-to inflation gauge ticked up less than expected last month
Business|Economy|Finance|Stock Markets|US

Global equity funds faced huge outflows ahead of Fed decision

Investors liquidated equity funds at the fastest rate in 15 years in the week to Dec. 18, driven by caution and profit-taking in anticipation of a hawkish outcome from the U.S.

Global equity funds faced huge outflows ahead of Fed decision