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
European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of
November 28, 2024
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
Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal
Apple's board recommends shareholders vote against proposal to eliminate diversity programs
Trump Treasury pick Bessent to divest assets to avoid conflicts
Novak Djokovic stands alone at the Australian Open now that Rafael Nadal and Roger Federer retired
Zheng wins indoors as Day 1 of the Australian Open is disrupted by rain
Far-right party's convention draws protests as Germany's election campaign warms up
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J.J. Spaun takes the lead at Sony Open with a wide-open chase in the wind of Waialae