The Hong Kong Monetary Authority (HKMA) on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.75%, tracking a move by the U.S.
December 18, 2024
A look at the day ahead in Asian markets. The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish.
December 18, 2024
U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank's economic projections signaled a slower pace of cuts
December 18, 2024
By Michael S.
December 18, 2024
Dow plunges more than 1,100 points and marked its longest losing streak since 1974
December 18, 2024
The Federal Reserve started cutting interest rates in September of 2024. Since then, the average credit card interest rate has barely come down. CNN's Vanessa Yurkevich asks Bankrate's Ted Rossman when credit card rates might move lower and what people with credit card debt should do.
December 18, 2024
By Michael S.
December 18, 2024
Most central banks of the Gulf Cooperation Council cut key interest rates on Wednesday, following the Federal Reserve's decision to reduce U.S. rates
December 18, 2024
The U.S.
December 18, 2024
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
December 18, 2024
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Wednesday that the Federal Reserve
December 18, 2024
By Michael S.
December 18, 2024
U.S. central bankers on Wednesday issued fresh projections calling for two quarter-point interest-rate cuts next year amid rising inflation, a forecast consistent
December 18, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan For all the extreme bullishness about 2025, Wall Street is just a bit edgy as the Federal Reserve looks set to deliver its final
December 18, 2024
U.S. stocks plunged on Wednesday, with all three major indexes posting their biggest daily decline in months, after the Federal Reserve cut interest rates by a
December 18, 2024
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of
December 18, 2024
By Michael S.
December 18, 2024
Key takeaways from the Fed’s third rate cut
December 18, 2024
European share indices closed up on Wednesday, boosted by technology stocks and French automaker Renault, though gains were capped on caution ahead of
December 18, 2024
The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing
December 18, 2024
A look at the day ahead in European and global markets from Vidya Ranganathan As a host of major central banks hold policy meetings over the next 24 hours, the U.S.
December 18, 2024
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought
December 18, 2024
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation
December 18, 2024
Wall Street closed sharply lower on Wednesday, with the Dow falling over 1,100 points after the U.S.
December 18, 2024
Oil prices settled higher on Wednesday after U.S. crude inventories fell and the U.S.
December 18, 2024
The U.S. dollar advanced against its peers on Wednesday, hitting its highest level in two years, after the Federal Reserve delivered a widely expected interest
December 18, 2024
A look at the day ahead in Asian markets.
December 17, 2024
U.S. retail sales increased more than expected in November as households stepped up purchases of motor vehicles and online merchandise, consistent with strong
December 17, 2024
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season
December 17, 2024
By Sarupya Ganguly BENGALURU - U.S.
December 17, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Even with another Federal Reserve interest rate cut this week baked in to market pricing, U.S.
December 17, 2024
Since Donald Trump's election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S.
December 17, 2024
South Africa's rand weakened against a stronger dollar on Tuesday as investors turn their attention to the Federal Reserve's interest rate decision.
December 17, 2024
U.S. stock indexes trimmed some of their stellar gains for the year
December 17, 2024
The U.S. dollar gained against major currencies on Tuesday following better-than-expected retail sales data that showed underlying economic momentum while markets
December 17, 2024
Bond investors, expecting the Federal Reserve to cut interest rates by a quarter of a percentage point on Wednesday, are bracing for the central bank to
December 16, 2024
The Nasdaq closed at a record high on Monday and the S&P 500 also rose as investors gauged the latest economic data while looking toward the Federal Reserve's
December 16, 2024
A look at the day ahead in European and global markets from Wayne Cole.
December 16, 2024
The U.S. dollar edged higher against major currencies in choppy trading on Monday, as investors eyed interest rate decisions from
December 16, 2024
Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world's largest oil importer, and as
December 16, 2024
Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S.
December 16, 2024
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting
December 15, 2024
A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on
December 13, 2024
U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks to a strong dollar,
December 13, 2024
U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of
December 13, 2024
Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might facilitate a third
December 13, 2024
Investors view it as a near given that the U.S.
December 13, 2024
A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took a bit of a breather on Thursday, perhaps expected after a rally that has led the Nasdaq
December 13, 2024
The end of the year is almost in sight for traders, yet the last mile will be anything but slow.
December 13, 2024
A look at the day ahead in European and global markets from Stella Qiu The rash of rate cuts over the past few days, with outsized 50 bp moves in Switzerland and Canada and a 25 bp easing by the
December 13, 2024
The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next
December 13, 2024
Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that
December 13, 2024
The U.S.
December 12, 2024
By Michael S.
December 12, 2024
Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as
December 12, 2024
One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity from the system.
December 12, 2024
U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio management fees and airline fares offered
December 12, 2024
Traders of interest-rate futures that settle to the Federal Reserve's policy rate added to bets the central bank rate will cut borrowing costs next week and follow up next year with
December 12, 2024
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago
December 12, 2024
The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November
December 12, 2024
Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week.
December 12, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan With interest rates tumbling across the world and set to fall stateside again next week too, Wall Street stocks are sizing up one of
December 12, 2024
U.S. stock indexes fell following some potentially discouraging data on the economy
December 12, 2024
Global stocks were down and major Wall Street indexes fell on Thursday after the European Central Bank cut interest rates for a fourth
December 12, 2024
A look at the day ahead in Asian markets.
December 11, 2024
The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which
December 11, 2024
The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump's presidency and bets on
December 11, 2024
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from cutting interest rates for a third time next week against
December 11, 2024
U.S. consumer prices increased in November by the most in seven months, but the Federal Reserve was still expected to deliver a third consecutive interest rate
December 11, 2024
Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
December 11, 2024
Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point
December 11, 2024
Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve
December 11, 2024
The dollar was higher on Wednesday after U.S. price data came in line with forecasts, reinforcing expectations the U.S.
December 11, 2024
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated
December 11, 2024
The U.S.
December 10, 2024
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases
December 10, 2024
Wall Street's main indexes closed lower on Tuesday as technology sector losses offset gains in communications services while investors waited for key
December 10, 2024
The dollar rose on Tuesday ahead of U.S. inflation data that could offer clues about the Federal Reserve's monetary-easing path, while analysts assess the likely
December 10, 2024
Citigroup, previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S.
December 09, 2024
An extraordinary year for investors is poised to end with a monetary policy bang, with almost every G10 central bank scheduled to deliver interest rate
December 09, 2024
Wall Street's main indexes closed lower on Monday, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set
December 09, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan A seemingly robust U.S. employment report did little to dissuade markets that another Federal Reserve interest rate is coming this
December 09, 2024
Trump says he doesn’t plan to remove Fed chairman Jerome Powell
December 08, 2024
U.S. President-elect Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January.
December 08, 2024
An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into
December 06, 2024
Chicago Federal Reserve president Austan Goolsbee said that economic conditions will determine how fast the Federal Reserve cuts rates from here, but added he
December 06, 2024
By Michael S.
December 06, 2024
Brokerage HSBC said on Friday it expects the S&P 500 index to hit 6,700 by the end of 2025, on the back of robust corporate earnings growth and a resilient U.S. economy.
December 06, 2024
By Michael S.
December 06, 2024
U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but probably does not signal a material shift in labor market conditions that continue to
December 06, 2024
Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained
December 06, 2024
The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs
December 06, 2024
Bitcoin smashing the $100,000 barrier raises the prospect of the cryptocurrency going mainstream, U.S. inflation data will show how much pressure there is on the Fed to adjust rates and
December 06, 2024
European shares eked out gains on Friday, with French stocks logging their biggest daily rise in three weeks as investors factored in a
December 06, 2024
A look at the day ahead in European and global markets from Stella Qiu Risk sentiment took a hit in Asia on Friday from renewed political rumblings in South Korea, rattling investors' nerves as they
December 06, 2024
U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing
December 06, 2024
The U.S. dollar rose on Friday, as earlier selling, amid a jobs report showing higher unemployment and modest job gains overall, lost momentum ahead of
December 06, 2024
Import tariffs during President-elect Donald Trump's first term broadly lowered stock values on the day they were unveiled, and were associated with lower future
December 05, 2024
The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading
December 05, 2024
U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday's jobs report.
December 05, 2024
Bitcoin traded near $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks pulled back slightly
December 05, 2024
President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households
December 04, 2024
By Michael S.
December 04, 2024
Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates
December 04, 2024
Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome
December 04, 2024
U.S. economic activity has expanded slightly in most regions since early October, with employment growth "subdued" and inflation rising at a modest pace and businesses expressing optimism
December 04, 2024
U.S.
December 04, 2024
St.
December 04, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan A bizarre 24-hour period in which the world's 12th-biggest economy briefly introduced martial law left markets pondering geopolitical
December 04, 2024
All three major U.S. stock indexes scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce and as
December 04, 2024
A U.S. tech stock rally and expectations of lower interest rates boosted global shares while the euro and dollar were steady on Wednesday despite political turmoil in
December 04, 2024
The euro rose marginally against the U.S. dollar on Wednesday, but came off session highs, after a widely expected collapse of the French government
December 04, 2024
U.S. central bankers on Tuesday said they continue to believe inflation is heading down to their 2% target and signaled support for further interest rate
December 03, 2024
U.S. stocks tiptoed to more records after a quiet day of trading
December 03, 2024
By Michael S.
December 02, 2024
A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view
December 02, 2024
Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast
December 02, 2024
For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the
December 02, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The dollar breezed into December on the front foot, helped by Donald Trump's weekend support for its global reserve status just as
December 02, 2024
The Nasdaq and S&P 500 scored record closing highs on Monday, boosted by tech-related shares following the market's strong November gains, as investors
December 02, 2024
Stocks in the U.S. and Europe were mixed on Monday, while the dollar gained versus the euro, amid political turmoil in France and positive signals for the U.S.
December 02, 2024
The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to
December 01, 2024
Why Trump’s tariff plans could lead to higher interest rates
December 01, 2024
The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help
November 29, 2024
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