Today: October 30, 2024
Today: October 30, 2024

inflation

Business|Economy|Finance|US

Inflation vigil sees single stock sideshows

A look at the day ahead in U.S. and global markets from Mike Dolan Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh

Inflation vigil sees single stock sideshows
Economy|Finance|News|Stock Markets|US

Traders pare bets on Sept start to Fed rate cuts

Traders on Tuesday pared bets the Federal Reserve will deliver a first interest-rate cut in September after a government report showed wholesale prices rose more than expected in April. 

Traders pare bets on Sept start to Fed rate cuts
Economy|Europe|Finance|News

German final inflation confirmed at 2.4% in April

German inflation inched up in April to 2.4%, the federal statistics office said on Tuesday, confirming preliminary data.

German final inflation confirmed at 2.4% in April
Economy|Finance|News|US

Dollar eases as market awaits key inflation data

The dollar eased versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and

Dollar eases as market awaits key inflation data
Business|Economy|US

Layoffs can be part of running a small business. Some tips for owners on handling them

With stubborn inflation and higher costs, layoffs at small businesses are sometimes a necessity

Layoffs can be part of running a small business. Some tips for owners on handling them
Business|Economy|Finance|US

Corporate greed not to blame for price pressures, Fed study shows

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

Corporate greed not to blame for price pressures, Fed study shows
Business|Economy|Finance|News|Stock Markets

S&P 500 barely changes as investors hold tight ahead of inflation data

The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and

S&P 500 barely changes as investors hold tight ahead of inflation data
Asia|Business|Finance

Philippine central bank to keep rates on hold on May 16, first cut pushed to Q4: Reuters poll

The Philippine central bank will keep its key policy rate unchanged on Thursday, according to a Reuters poll of economists who now expected the

Philippine central bank to keep rates on hold on May 16, first cut pushed to Q4: Reuters poll
Asia|Economy|Finance|News

India's retail inflation eases slightly in April, surge in food prices continues

India's retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed on

India's retail inflation eases slightly in April, surge in food prices continues
Uncategorized

NY Fed survey finds general expectations of higher inflation

By Michael S.

NY Fed survey finds general expectations of higher inflation
Asia|News

Inflation, tariffs dominate market landscape

A look at the day ahead in Asian markets.

Inflation, tariffs dominate market landscape
Asia|Economy|News

Japan economy expected to shrink in Q1 due to weak consumption

Japan's economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to an uncertain outlook, a Reuters poll

Japan economy expected to shrink in Q1 due to weak consumption
Business|Economy|Finance|US

Fed officials mull whether rates high enough as inflation expectations jump

Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a

Fed officials mull whether rates high enough as inflation expectations jump
Americas|Economy|Finance

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows

Brazil's annual inflation continued to trend down but slightly less than expected in April, official data showed on Friday, in the first consumer price readings after the

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows
Economy|Europe|Finance|News

ECB set scene for June rate cut at last meeting, account shows

Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a record high in June, the

ECB set scene for June rate cut at last meeting, account shows
Asia|Economy|Finance

Govt panel members urge BOJ vigilance on weak yen's impact on demand

Private-sector members of a key government panel on Friday urged the Bank of Japan to be vigilant to the risk of sharp declines in the yen

Govt panel members urge BOJ vigilance on weak yen's impact on demand
Business|Economy|Europe|Finance|US

Interest rates start to fall in Europe as the Fed lags

Global central banks that moved together to battle inflation are starting to scatter, with European rate setters turning dovish while the U.S.

Interest rates start to fall in Europe as the Fed lags
Economy|News|US

Fed's communications style scores well with analysts but not public

Through a tumultuous period of high inflation, aggressive interest rate hikes, and global instability, the U.S.

Fed's communications style scores well with analysts but not public
Business|Economy|News|US

US applications for jobless benefits fall as labor market continues to thrive

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low levels

US applications for jobless benefits fall as labor market continues to thrive
Asia|Business|Economy|Finance|News

Bank of Japan issues stronger warning over yen's impact on policy

The Bank of Japan may take monetary policy action if yen falls affect prices significantly, governor Kazuo Ueda said on Wednesday, offering the

Bank of Japan issues stronger warning over yen's impact on policy
Economy|Europe|Finance|News

ECB can cut rates and should rethink how it sets policy, Wunsch says

The European Central Bank can press ahead with interest rate cuts this year but needs to rethink how it forecasts inflation and sets policy based on these projections, Belgian

ECB can cut rates and should rethink how it sets policy, Wunsch says
Uncategorized

Fed's Collins says economy may need to weaken to get 2% inflation

By Michael S.

Fed's Collins says economy may need to weaken to get 2% inflation
Business|Economy|Europe|Finance

German economy likely to stagnate in 2024, IW forecasts

Germany's economy will stagnate in 2024 despite a stronger than expected start to the year, and will continue to lag behind European peers, according to German

German economy likely to stagnate in 2024, IW forecasts
Business|Economy|Finance|News

India sees no 'nasty' upside to inflation, govt adviser says

India does not see any nasty upside to inflation at the moment, and expects its economy to expand by more than 7% in the current fiscal year, V.

India sees no 'nasty' upside to inflation, govt adviser says
Business|Economy|Finance|News|US

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
Americas|Economy|Finance|News

Inflation-hit Argentina launches new top banknote, worth just $10

Argentina has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill but still only worth around $10 as the South American country grapples with the

Inflation-hit Argentina launches new top banknote, worth just $10
Uncategorized

Chile central bank says economy recovering but some sectors lag

By Natalia A.

Chile central bank says economy recovering but some sectors lag
Finance|News|World

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4
Economy|News|US

Fed's Barkin: Ending inflation likely to require a hit to demand

Finishing the battle against inflation will likely require a hit to demand, after a year in which U.S. price pressures cooled largely through

Fed's Barkin: Ending inflation likely to require a hit to demand
Asia|Business|Finance

RBA up next, Hang Seng eyes 11th rise

A look at the day ahead in Asian markets.

RBA up next, Hang Seng eyes 11th rise
Asia|Business|Economy|Finance

Malaysia central bank to keep rates unchanged at least until 2026 - Reuters poll

Bank Negara Malaysia (BNM) will leave its key interest rate at 3.00% and keep it unchanged at least until 2026, despite a weakening currency and a

Malaysia central bank to keep rates unchanged at least until 2026 - Reuters poll
Business|Economy|Finance|US

Fed's Williams says 2% inflation target 'critical'

The U.S. central bank's 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York Federal

Fed's Williams says 2% inflation target 'critical'
Business|Economy|Finance|Stock Markets|US

US small caps struggle as elevated interest rates take a toll

The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies,

US small caps struggle as elevated interest rates take a toll
Business|Economy|Finance|News

Canada services PMI climbs to 10-month high in April

Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures

Canada services PMI climbs to 10-month high in April
Business|Economy|Europe|Finance

ECB's Stournaras sees just three rate cuts in 2024 on strong growth

The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis

ECB's Stournaras sees just three rate cuts in 2024 on strong growth
Business|Economy|Finance|US

Weak US productivity could threaten Fed's 'soft landing' hopes

Weaker U.S. productivity gains in the first quarter may challenge the Federal Reserve's efforts to finish its inflation fight without a painful rise in

Weak US productivity could threaten Fed's 'soft landing' hopes
Business|Economy|Finance|News|US

US labor market still tight; productivity falters in first quarter

The number of Americans filing new claims for unemployment benefits held steady at a low level last week, pointing to a still fairly tight labor market that

US labor market still tight; productivity falters in first quarter
Business|Economy|Europe|Finance|News|Stock Markets

European shares ease after Fed decision, mixed earnings

European shares fell slightly in their first May trading session on Thursday as investors returned from a mid-week holiday to gauge a slew of earnings

European shares ease after Fed decision, mixed earnings
Asia|Finance

Powell sparks stock volatility, yen soars

A look at the day ahead in Asian markets. Asia gets back up toward full speed on Thursday after many markets were closed for the May Day holiday, with the U.S.

Powell sparks stock volatility, yen soars
Americas|Economy|News

Venezuelan public employees to receive $130 per month in bonuses

Public employees in Venezuela will receive $130 per month in bonuses, President Nicolas Maduro said on Wednesday, amid demands by workers for salary increases and

Venezuelan public employees to receive $130 per month in bonuses
Business|Economy|Finance|News|Stock Markets|US

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
Business|Economy|Finance|News|US

Powell's soothing tone may not be enough for inflation-spooked markets

Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S.

Powell's soothing tone may not be enough for inflation-spooked markets
News|US

Fed leaves rates unchanged, flags 'lack of further progress' on inflation

The U.S.

Fed leaves rates unchanged, flags 'lack of further progress' on inflation
Asia|Economy|Finance|News

Indonesia's inflation rate eases slightly in April

Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the

Indonesia's inflation rate eases slightly in April
Business|Economy|Finance|News|US

OECD upgrades global growth outlook as U.S. outperforms

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected

OECD upgrades global growth outlook as U.S. outperforms
Business|Economy|Food

US fast-food chains may have to amp up promotions as more people eat at home

Global fast food giants may have to

US fast-food chains may have to amp up promotions as more people eat at home
Business|Economy|Europe|News

Euro zone factory activity takes turn for the worse in April, PMI survey shows

The downturn in manufacturing activity across the euro zone deepened in April due to crumbling demand despite factories cutting prices, pushing firms to reduce

Euro zone factory activity takes turn for the worse in April, PMI survey shows
Business|Economy|Finance|Stock Markets|US

US productivity slows sharply in first quarter

U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.

US productivity slows sharply in first quarter
Business|Finance|Stock Markets

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in

KFC parent Yum reports surprise drop in global same-store sales on weak demand
Business|Economy|Finance|US

FOMC holds rates in place and will slow balance sheet drawdown

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier

FOMC holds rates in place and will slow balance sheet drawdown
Business|Economy|News|US

US applications for jobless benefits come back down after last week's 9-month high

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced

US applications for jobless benefits come back down after last week's 9-month high
Economy|Europe|Finance|US

Fed day focus is on what Jay says

A look at the day ahead in European and global markets from Kevin Buckland The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates

Fed day focus is on what Jay says
Economy|Europe|Finance

Euro zone rebounds from recession as inflation steadies

The euro zone economy rebounded in the first quarter from a mild recession as Germany returned to growth and expansion accelerated elsewhere, while inflation

Euro zone rebounds from recession as inflation steadies
Business|Economy|News|US

Growth in US labor costs accelerates in first quarter

U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that

Growth in US labor costs accelerates in first quarter
Business|Economy|Finance

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome

Retail sales were unchanged in April from March as inflation and interest rates curb spending
Business|Economy|Finance

Analysis-Inflation hasn't lost its grip on bond markets yet

Government borrowing costs across developed economies saw their biggest jumps in months in April, evidence that bond markets are not yet out of the woods when it comes to

Analysis-Inflation hasn't lost its grip on bond markets yet
Economy|Europe|Finance

ECB should start cutting rates in June if inflation keeps falling, De Cos says

The European Central Bank should start cutting interest rates in June if inflation continues its gradual decline as expected, European Central Bank policymaker Pablo Hernandez de

ECB should start cutting rates in June if inflation keeps falling, De Cos says
News|Asia|Economy|Finance|US

Stock market today: Asian shares advance after another round of Wall St records

Asian shares are higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction

Stock market today: Asian shares advance after another round of Wall St records
Business|Economy|Europe|Finance

Euro zone inflation on the deck as yen sways

A look at the day ahead in European and global markets from Ankur Banerjee: A data heavy session, headlined by euro zone inflation figures for April, awaits Europe in an action-packed week that got

Euro zone inflation on the deck as yen sways
News|Economy|US

US inflation eased last month in the first slowdown of 2024

Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team

US inflation eased last month in the first slowdown of 2024
Economy|Finance|News|US

Fed's Powell downplays potential for a rate hike despite higher price pressures

Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again

Fed's Powell downplays potential for a rate hike despite higher price pressures
Economy|Europe

German inflation creeps up to 2.4% in April

German inflation rose slightly in April due to higher food prices and a smaller drop in energy prices than in previous months, preliminary data from the federal

German inflation creeps up to 2.4% in April
Asia|Business|Finance|Stock Markets

Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update

Asian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high

Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update
Business|Finance|Stock Markets|Technology|US

Lofty US stocks leave investors punishing earnings disappointments

Richly valued U.S. stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and

Lofty US stocks leave investors punishing earnings disappointments
Economy|Finance|News|US

Are US interest rates high enough to beat inflation? The Fed will take its time to find out

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year

Are US interest rates high enough to beat inflation? The Fed will take its time to find out
Economy|Finance|News

Russian central bank warns of slower drop in inflation as it holds rates at 16%

Inflation is set to ease more slowly than previously thought, Russia's central bank said on Friday as it held its key

Russian central bank warns of slower drop in inflation as it holds rates at 16%
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

Asian shares are mixed in muted trading after U.S. stock indexes were little changed

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges
Asia|Business|Economy|Finance|News

BOJ keeps low rates, hints of future rate hikes fail to stem yen fall

The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit its target of 2% in coming

BOJ keeps low rates, hints of future rate hikes fail to stem yen fall
Economy|Europe|Finance

Macron dig at ECB remit may jar bond investor nerves :Mike Dolan

The slightly alarming sight of a French leader calling on the European Central Bank to nuance its focus on inflation may be less dramatic than it first seems - but it

Macron dig at ECB remit may jar bond investor nerves :Mike Dolan
Economy|Finance|News|US

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise

US consumer sentiment drops to 6-month low on inflation, unemployment fears
Business|Finance

Unilever beats sales forecast as customers return to brands

Unilever beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann's mayonnaise won back shoppers who had traded down to cheaper products during

Unilever beats sales forecast as customers return to brands
Business|Economy|Finance|News|US

Confounding US economic, inflation data cloud Fed's rate path

The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or

Confounding US economic, inflation data cloud Fed's rate path
Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street coasts to the finish line of another winning week

U.S. stocks coasted to the close of another winning week with a quiet, mixed finish

Stock market today: Wall Street coasts to the finish line of another winning week
Africa|Economy|Finance

Inflation in key African economies to slow into next year: Reuters poll

Inflation in key African economies will slow into next year but remain stubbornly high in Nigeria due to sporadic flooding and difficult terrain for the naira

Inflation in key African economies to slow into next year: Reuters poll
Business|Economy|Finance|News

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
Business|Economy|Finance

Japan's yen sags, hits 155 per dollar; US currency advances

The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990 above the key 155 area, with markets alert to any signs of

Japan's yen sags, hits 155 per dollar; US currency advances
Business|Economy|Europe|Finance

Exclusive-Russian ministry stress scenario has growth stalling, rouble diving, document shows

Stress scenarios from Russia's economy ministry envisage GDP and real income growth almost grinding to a halt next year and the rouble diving from around 93 per

Exclusive-Russian ministry stress scenario has growth stalling, rouble diving, document shows
Business|Economy|Finance|News

German government nudges up 2024 growth forecast

Germany slightly raised its forecast for economic growth this year on Wednesday and eased its inflation outlook, but its economy and finance ministers said structural changes were

German government nudges up 2024 growth forecast
Economy|Europe|News

ECB's June rate cut not necessarily followed by others, Nagel says

Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June will not necessarily be followed by further policy easing, Bundesbank President Joachim

ECB's June rate cut not necessarily followed by others, Nagel says
Economy|Finance

With inflation soaring, Argentina will start printing 10,000 peso notes

Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10

With inflation soaring, Argentina will start printing 10,000 peso notes
Asia|Business|Economy|Finance

Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%

Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter

Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%
Business|Economy|Finance

Timing of first BoE rate cut splits economists between June and Q3 - Reuters poll

The Bank of England will wait until next quarter to lower borrowing costs, according to median forecasts in a Reuters poll, although almost half of those

Timing of first BoE rate cut splits economists between June and Q3 - Reuters poll
Africa|Economy|Finance

Egypt economy seen growing slower after IMF deal before picking up- Reuters poll

Egypt's economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the IMF that came with conditions,

Egypt economy seen growing slower after IMF deal before picking up- Reuters poll
Economy|Europe

Greece's economy to grow by 2.1% in 2024, think tank says

Greece's economy will grow by 2.1% this year under a baseline scenario, the country's influential think tank IOBE said on Tuesday, revising down its previous estimate of 2.4% made in

Greece's economy to grow by 2.1% in 2024, think tank says
Business|Economy|Finance|News

Bank of England's Haskel says looser labour market key for 2% inflation

More slack in Britain's labour market is needed to be confident that inflation will stay at 2%, Bank of England policymaker Jonathan Haskel said on Tuesday.

Bank of England's Haskel says looser labour market key for 2% inflation
Business|Economy|Finance|Food|News

British grocery inflation dips to 3.2%, says Kantar

UK grocery price inflation fell for the 14th month in a row in April, partly driven by an increase in supermarkets' promotional activity, industry data showed on

British grocery inflation dips to 3.2%, says Kantar
Business|Economy

UK businesses expand at fastest pace in 11 months, PMI survey shows

British businesses recorded their fastest growth in activity in nearly a year this month, according to preliminary purchasing managers' data that points to a

UK businesses expand at fastest pace in 11 months, PMI survey shows
Asia|Economy|Finance|News

Japan's March price trend gauge rises at slowest pace in 11 months

A key measure of Japan's trend inflation slowed to 1.3% in March, marking the smallest year-on-year increase in 11 months, data showed on Tuesday.

Japan's March price trend gauge rises at slowest pace in 11 months
Asia|Business|Economy|Finance

BOJ to project inflation will stay around target, signal chance for rate hike

The Bank of Japan is expected to project inflation will stay around its 2% target for the next three years in new forecasts due on Friday, signalling

BOJ to project inflation will stay around target, signal chance for rate hike
Business|Economy|Europe|Finance

Analysis-ECB governors stick to plan for multiple rate cuts despite global headwinds

European Central Bank officials are sticking to plans to cut interest rates multiple times this year, even as higher U.S. inflation delays a pivot to looser

Analysis-ECB governors stick to plan for multiple rate cuts despite global headwinds
Asia|Economy|Finance

Japan's yen falls to 1990 lows, dollar/yen nears 155

The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the yen.

Japan's yen falls to 1990 lows, dollar/yen nears 155
Americas|Economy|Election|Finance|News

Mexico economy to keep growing steadily after June presidential vote: Reuters poll

Mexico's economy is set to grow steadily after June's presidential election, in line with a decent performance in the United States, while the fiscal front

Mexico economy to keep growing steadily after June presidential vote: Reuters poll
Business|Economy|Finance|US

Fed's Powell faces 'what, me worry?' moment of spiking bond yields, war, political stalemate

Federal Reserve officials may not raise interest rates when they meet in two weeks but neither will they say their 19-month drive to hike borrowing costs is

Fed's Powell faces 'what, me worry?' moment of spiking bond yields, war, political stalemate
Business|Economy|Finance

Bank of England forecasts in the dock as Bernanke verdict looms

When the Bank of England's chief economist was asked to explain why its forecasting models had failed to anticipate runaway inflation, he sought to manage

Bank of England forecasts in the dock as Bernanke verdict looms
Business|Europe|Finance

ECB's Lagarde says inflation more likely to ease but risks both ways

Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine

ECB's Lagarde says inflation more likely to ease but risks both ways
Business|Economy|Finance

Hedge funds turn bearish in April, Goldman says

Hedge funds globally have turned the most bearish they've been on equities this year, a Goldman Sachs note said, as sticky inflation and renewed geopolitical

Hedge funds turn bearish in April, Goldman says
Economy|Finance|US

Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says

Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to drop

Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
Economy|Finance|US

Worsening US debt outlook seen more in gold and bitcoin than in bonds

Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the

Worsening US debt outlook seen more in gold and bitcoin than in bonds
Economy|Finance|Stock Markets|US

US equity funds see sharp outflows as investors brace for extended high rates

U.S. equity funds suffered sharp outflows in the seven days to April 17 as investors anticipated prolonged restrictive interest rates amid stubborn inflation in a resilient U.S. economy.

US equity funds see sharp outflows as investors brace for extended high rates
Asia|Business|Economy|Finance

IMF tells Asian central banks not to follow Fed too closely

The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation and avoid tying their policy decisions too closely to

IMF tells Asian central banks not to follow Fed too closely
Business|Economy|Finance|US

Fed's rate-cut foot-dragging grates on global peers at IMF meetings

Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-

Fed's rate-cut foot-dragging grates on global peers at IMF meetings
Economy|Finance|News|US

US employers scaled back hiring in April. How that could let the Fed cut interest rates

The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market

US employers scaled back hiring in April. How that could let the Fed cut interest rates
Business|Economy|Finance|News

The Fed indicated rates will remain higher for longer. What does that mean for you?

The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy

The Fed indicated rates will remain higher for longer. What does that mean for you?
Business|Economy|Finance|News|US

Number of Americans applying for jobless claims remains historically low

The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation

Number of Americans applying for jobless claims remains historically low
Business|Economy|News|US

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates

US job openings fall to 8.5 million in March, the lowest level in more than 3 years
Economy|News|World

Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times

Workers and activists around the world are marking May Day with largely peaceful rallies against rising prices and calling for greater rights

Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times
Economy|Finance|News

Workers' paychecks grew faster in the first quarter, a possible concern for the Fed

Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve

Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
Economy|News|US

Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid

Fed's preferred inflation gauge shows price pressures stayed elevated last month
Asia|Business|Economy|Finance|Stock Markets|World

Stock market today: Asian benchmarks mostly climb despite worries about US economy

Asian shares are mostly higher despite worries about the economic outlook and inflation in the U.S. and globally

Stock market today: Asian benchmarks mostly climb despite worries about US economy
Business|Economy|US

US economic activity expanded slightly in recent weeks, Fed survey shows

U.S. economic activity expanded slightly from late February through early April and there were fears among firms that progress in lowering inflation would stall, a Federal Reserve survey

US economic activity expanded slightly in recent weeks, Fed survey shows
Business|Economy|Finance|US

US Fed should not act urgently when it's not required, Daly says

San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and

US Fed should not act urgently when it's not required, Daly says
Business|Economy|Finance|News|US

Fed's Powell, Jefferson to square 'restrictive' policy with strong data

Federal Reserve Chair Jerome Powell and Vice Chair Philip Jefferson will make what are likely to be their last public comments before the U.S. central bank's

Fed's Powell, Jefferson to square 'restrictive' policy with strong data
Business|Economy|Finance|US

US consumer sentiment slips in April; inflation expectations rise

U.S. consumer sentiment ebbed in April while inflation expectations for the next 12 months and beyond increased, a survey showed on Friday.

US consumer sentiment slips in April; inflation expectations rise
Business|Economy|Technology|US

Soaring insurance costs hit as US buyers finally get a break on car prices

A new form of sticker shock has hit American car buyers like Darin Davis.

Soaring insurance costs hit as US buyers finally get a break on car prices
Business

Inflation still too high for Fed to cut interest rates, Schmid says

By Michael S.

Inflation still too high for Fed to cut interest rates, Schmid says
Business|Economy|Finance|US|World

IMF head says higher US rates could become a worry if they persist

IMF chief Kristalina Georgieva on Thursday said higher U.S. interest rates were not great news for the rest of the world and could become a worry if they

IMF head says higher US rates could become a worry if they persist
Economy|Election|Finance|US

Hot inflation may put Fed rate cut in thick of election season

Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a potential collision course with the presidential election

Hot inflation may put Fed rate cut in thick of election season
Business|Economy|Finance|US

Fed's Daly: absolutely no urgency to cut US interest rates

San Francisco Federal Reserve President Mary Daly said on Friday there is still "a lot of work to do" to make sure inflation is on track to the Fed's 2% goal, and there is "absolutely" no

Fed's Daly: absolutely no urgency to cut US interest rates
Uncategorized

Fed's Collins sees no urgency to cut rates

By Michael S.

Fed's Collins sees no urgency to cut rates
Economy|Europe|Finance

Analysis-Europe's economic divergence with US is real but has its limits

Inflation in the euro zone is different to that in the United States, much as ECB President Christine Lagarde insists, but the bloc will

Analysis-Europe's economic divergence with US is real but has its limits
Business|Economy|Finance|News

NY Fed inflation gauge sees cooler price pressures in February

The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened in February.

NY Fed inflation gauge sees cooler price pressures in February
Business|Finance|Stock Markets|US

Morning Bid: Manufacturing kicks off jobs-packed week

A look at the day ahead in U.S. and global markets by Amanda Cooper. Today marks the start of a new week, a new month, a new quarter and a new set of data to get investors going.

Morning Bid: Manufacturing kicks off jobs-packed week
Business|Economy|Finance|US

Citadel's Griffin expects US economic landscape to be challenging, more favorable for fixed income

Citadel's hedge fund billionaire Kenneth Griffin told investors he expects the medium-term economic landscape will remain challenging, but more favorable for

Citadel's Griffin expects US economic landscape to be  challenging, more favorable for fixed income
Business|Economy|Finance|Stock Markets|US

Investors eye Fed rate cut, earnings as key to sustaining market rally

After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers

Investors eye Fed rate cut, earnings as key to sustaining market rally
Economy|Finance|News|US

Fed's balancing act could see June rate cut in play even with sticky inflation

Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections

Fed's balancing act could see June rate cut in play even with sticky inflation
Uncategorized

Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data

By Michael S.

Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
Business|Economy|Food|US

Fast-food companies seeing low-income diners pare orders

Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including

Fast-food companies seeing low-income diners pare orders
Business|Economy|Finance|News

Spice maker McCormick beats quarterly results on steady volumes, higher prices

McCormick beat market expectations for first-quarter sales and profit on Tuesday, as consumer demand for its high-priced spices and seasonings held amid sticky inflation.

Spice maker McCormick beats quarterly results on steady volumes, higher prices
Business|Economy|Europe|Finance

Morning Bid: No holiday for US core inflation

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

Morning Bid: No holiday for US core inflation
Asia|Business|Economy|Finance

Morning Bid: Central bank sensitive shares face week of data

A look at the day ahead in Asian markets.

Morning Bid: Central bank sensitive shares face week of data
Business|Economy|Finance|News|Stock Markets|US

Futures ease at start of holiday-shortened week

U.S. stock index futures edged lower at the start of a holiday-shortened week on Monday, as investors look ahead to speeches from Federal Reserve officials and a key inflation marker later

Futures ease at start of holiday-shortened week
Business|Finance

Analysis-Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first

Analysis-Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers
Asia|Business|Economy|Finance

Morning bid: Little let up in stock rallies

A look at the day ahead in Asian markets.

Morning bid: Little let up in stock rallies
Business|Economy|Finance

IMF's Georgieva urges central bank independence amid election-year rate-cut pressures

International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that central banks face growing political pressure to cut interest rates

IMF's Georgieva urges central bank independence amid election-year rate-cut pressures
Business|Finance|Stock Markets|US

Analysis-Steady Fed outlook boosts stock market's hopes for coveted 'soft landing'

A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank

Analysis-Steady Fed outlook boosts stock market's hopes for coveted 'soft landing'
Business|Economy|Finance|US

Morning Bid - G7 disinflation cheer as Fed decides

A look at the day ahead in U.S. and global markets from Mike Dolan However the Federal Reserve spins it later, there's some relief in other G7 economies at least that the disinflation process hasn't

Morning Bid - G7 disinflation cheer as Fed decides
Business|Finance|News|Stock Markets|US

Futures edge lower ahead of Fed decision

U.S. stock index futures ticked lower on Wednesday as investors awaited the conclusion of the Federal Reserve's meeting where the central bank is expected to keep borrowing costs unchanged

Futures edge lower ahead of Fed decision
Business|Economy|Finance

BOJ joins a rate-hike party that other big central banks have left

Global interest rates are in flux.

BOJ joins a rate-hike party that other big central banks have left
Business|News|US

Sticky inflation could be a wild card for easing timetable at Fed meeting

The U.S.

Sticky inflation could be a wild card for easing timetable at Fed meeting
Economy|News|US

US import prices rise moderately in February

U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially offset by modest gains elsewhere, which bodes well for the

US import prices rise moderately in February
Business|Economy|Finance|News|US

US consumer sentiment, inflation expectations stable in March

U.S. consumer sentiment and inflation expectations were little changed in March, a survey showed on Friday.

US consumer sentiment, inflation expectations stable in March
Business|Economy|Finance|US|World

Take Five: New kid, old block

The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico. 

Take Five: New kid, old block
Asia|Economy|Finance|News

Morning bid: Markets under pressure, China house prices eyed

A look at the day ahead in Asian markets.

Morning bid: Markets under pressure, China house prices eyed
Business|Economy|Finance|US

Dollar advances as US inflation data weighs on rates outlook

The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much

Dollar advances as US inflation data weighs on rates outlook
News|US

Yellen says expects rents, biggest contributor to inflation, to move down this year

U.S.

Yellen says expects rents, biggest contributor to inflation, to move down this year
Business|Economy|Finance|News|US

Traders stick to bets on June Fed rate cut after economic data

Stronger than expected producer prices and weaker-than-expected consumer spending reported Thursday did little to budge financial market bets on a June start to Federal Reserve interest-

Traders stick to bets on June Fed rate cut after economic data
Economy|Finance|News|US

Gasoline, food boost US producer prices in February

U.S. producer prices increased more than expected in February amid a surge in the cost of goods like gasoline and food, which could fan fears that inflation was picking up again

Gasoline, food boost US producer prices in February
Business|Economy|Finance|Stock Markets

Futures rise in run-up to inflation figures, retail sales data

Futures tracking Wall Street's main stock indexes advanced on Thursday as investors awaited a raft of economic data, including the producer

Futures rise in run-up to inflation figures, retail sales data
Business|Economy|Finance|US

US small business optimism falls to lowest in 9 months, NFIB says

U.S. small business sentiment fell in February to the lowest level since May due to continued concerns around inflation, according to a report published on Tuesday

US small business optimism falls to lowest in 9 months, NFIB says
Business|Economy|Finance|Stock Markets|US

Sticky Feb US CPI inflation raises questions about June Fed cut

U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June

Sticky Feb US CPI inflation raises questions about June Fed cut
Asia|Business|Finance

Morning Bid: Tech resilience vs sticky bond yields

A look at the day ahead in Asian markets.

Morning Bid: Tech resilience vs sticky bond yields
Business|Economy|Finance|Stock Markets|Technology|US

Morning Bid: Sidestepping CPI for AI, China wobbles anew

A look at the day ahead in U.S. and global markets from Mike Dolan Even as U.S. inflation missed forecasts again and Treasury debt yields reared up in reaction, AI-fueled Wall St stock indexes powered

Morning Bid: Sidestepping CPI for AI, China wobbles anew
Uncategorized

NY Fed: Consumer outlook on longer-term inflation hit snag in February

By Michael S.

NY Fed: Consumer outlook on longer-term inflation hit snag in February
Asia|Business|Finance

Morning Bid: Stocks drift lower again, India CPI on deck

A look at the day ahead in Asian markets.

Morning Bid: Stocks drift lower again, India CPI on deck
Business|Economy|Finance|US

Fed projections to show if rate cut outlook stays intact through strong data

No one expects the Federal Reserve to change interest rates at next week's policy meeting, but whether officials hold to their previous rate-cutting outlook

Fed projections to show if rate cut outlook stays intact through strong data
Business|Economy|Finance|US

Dollar on guard; BOJ speculation keeps yen supported

The dollar held broadly steady on Tuesday ahead of key U.S. inflation data due later in the day, while the yen firmed near a one-month high on mounting expectations

Dollar on guard; BOJ speculation keeps yen supported
Asia|Business|Economy|Finance|News

Morning Bid: Are China's inflation, capital flows tides turning?

A look at the day ahead in Asian markets.

Morning Bid: Are China's inflation, capital flows tides turning?
News|US

As the cookie crumbles, election year inflation debate could get messy

U.S.

As the cookie crumbles, election year inflation debate could get messy
Business|Economy|Finance|US

Fed's Bowman: "Not yet" ready for rate cuts, willing to hike again if needed

The U.S. economy is not at the point where the Federal Reserve should reduce interest rates, Fed Governor Michelle Bowman said on Thursday, and while the

Fed's Bowman: "Not yet" ready for rate cuts, willing to hike again if needed
Business|Economy|Finance|Stock Markets|US

Column-Channelling Greenspan, Powell's exuberance moment? :Mike Dolan

The Federal Reserve may finally have interest rate markets back in the palm of its hand - but it's surely casting a wary eye on effervescent stocks that seem oblivious

Column-Channelling Greenspan, Powell's exuberance moment? :Mike Dolan
Asia|Business|Economy|Finance

Dollar a spectator to China news, yen ponders rate risks

The dollar held steady on the yuan on Tuesday as markets digested a welter of policy statements out of China, while a rebound in Tokyo inflation seemed to take Japan a

Dollar a spectator to China news, yen ponders rate risks
Business|Economy|Finance|US

Column-U.S. manufacturers struggle to grow again without interest rate cuts: Kemp

U.S. manufacturers are struggling to regain momentum as the sector tries to pull out of the prolonged but shallow downturn, with any help from lower interest rates

Column-U.S. manufacturers struggle to grow again without interest rate cuts: Kemp
Business|Economy|Finance|News|US

US manufacturing sector struggling to recover -ISM

U.S. manufacturing slumped further in February, with a measure of factory employment dropping to a seven-month low amid declining new orders.

US manufacturing sector struggling to recover -ISM
Finance|Stock Markets|US

Marketmind: March back up to record highs

A look at the day ahead in U.S. and global markets from Mike Dolan A new month and new stock market records are giving way already - underpinned by some relief on inflation, stabilising business

Marketmind: March back up to record highs
Business|Economy|Finance|US

Fed's Kugler 'optimistic' on disinflation without big job losses

Federal Reserve Governor Adriana Kugler on Friday signaled she sees the elusive "soft landing" of falling inflation amidst a healthy labor market within reach for the U.S. economy, noting

Fed's Kugler 'optimistic' on disinflation without big job losses
Uncategorized

Fed monetary policy report warns on financial sector vulnerabilities

By Michael S.

Fed monetary policy report warns on financial sector vulnerabilities
Americas|News|US

Yellen says Argentina moving toward fiscal sustainability

U.S.

Yellen says Argentina moving toward fiscal sustainability
Business|Finance|Stock Markets|US

Marketmind: Yen pops on Leap Day as PCE inflation looms

A look at the day ahead in U.S. and global markets from Mike Dolan February's extra 'leap year' day saw the yen jump to two-week highs on hawkish Bank of Japan noises and bitcoin surge again to within

Marketmind: Yen pops on Leap Day as PCE inflation looms
Economy|Finance|Stock Markets|US

Futures ease as caution prevails ahead of inflation data

U.S. stock index futures dipped on Thursday as investors refrained from making big bets ahead of key inflation data that could hold the key to the timing of interest rate cuts by the

Futures ease as caution prevails ahead of inflation data
Economy|Finance|US

Fed rate cut seen on track for June even as inflation bumps up

An increase in U.S. inflation last month that was largely in line with expectations likely won't change the calculus for U.S. central bankers weighing when to deliver a first

Fed rate cut seen on track for June even as inflation bumps up
Asia|Business|Finance

Marketmind: Spotlight shines on Japanese, Australian consumers

A look at the day ahead in Asian markets.

Marketmind: Spotlight shines on Japanese, Australian consumers
Business|Economy|Finance|US

Fed's Collins repeats it is 'likely' rate cuts will begin this year

The Federal Reserve will likely need to start cutting its benchmark overnight lending rate later this year, Boston Fed Bank President Susan Collins said on Wednesday.

Fed's Collins repeats it is 'likely' rate cuts will begin this year
Economy|Finance|US

Dollar braces for US inflation reading, yen gains on BOJ comments

The U.S. dollar held firm on Thursday in the lead up to U.S. inflation data that could ruffle the interest rate outlook, while the yen found its footing after

Dollar braces for US inflation reading, yen gains on BOJ comments
Business|Finance|News|Stock Markets

JM Smucker beats Q3 profit estimates on sustained demand for frozen snacks, pet food

Jif peanut butter maker JM Smucker topped Wall Street estimates for third-quarter profit, as demand for its high-priced pet food and pantry staples held amid a backdrop of price rises in a

JM Smucker beats Q3 profit estimates on sustained demand for frozen snacks, pet food
Business|Economy|Finance|Stock Markets|US

Futures edge up ahead of economic data

U.S. stock index futures were rangebound on Tuesday as investors awaited a crucial inflation report and other economic data that would shape expectations for interest rate cuts from the

Futures edge up ahead of economic data
Business|Economy|Finance|US

Fed's Schmid: No need to 'preemptively' cut rates

Kansas City Federal Reserve Bank President Jeffrey Schmid on Monday used a debut speech on policy to signal that he, like most of his central banking colleagues, is in no rush to cut

Fed's Schmid: No need to 'preemptively' cut rates
Asia|Economy|Finance

Asia shares shaky, traders on guard as Japanese inflation tops forecast

Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe

Asia shares shaky, traders on guard as Japanese inflation tops forecast
Business|Economy|Finance|Stock Markets|US

Marketmind: Booming stocks step back as PCE hoves into view

A look at the day ahead in U.S. and global markets from Mike Dolan Chastened interest rates markets are now inclined to doubt there will be any U.S. monetary easing in the first half of this year,

Marketmind: Booming stocks step back as PCE hoves into view
Asia|Business|Finance|News

Japan's first inflation undershoot in 2 years?

A look at the day ahead in Asian markets.

Japan's first inflation undershoot in 2 years?
Business|Economy|Finance|Stock Markets|US

Futures muted as traders buckle up for inflation test

U.S. stock index futures were subdued on Monday after last week's scorching AI-driven rally as investors once again shifted their focus to the Federal Reserve's monetary policy path and

Futures muted as traders buckle up for inflation test
Business|Economy|Finance

Dollar firms ahead of busy data week with US inflation in focus

The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook

Dollar firms ahead of busy data week with US inflation in focus
News|US

Fed cautious on a rate cut case that has yet to be made

U.S.

Fed cautious on a rate cut case that has yet to be made
Business|Economy|Finance|US

US business activity moderates in February - S&P Global survey

U.S. business activity cooled in February and there was encouraging news on inflation, with a measure of prices paid for inputs falling to the lowest level in nearly 3-1/2 years

US business activity moderates in February - S&P Global survey
Economy|Finance|News|US

US inflation data for January made Fed's job 'harder,' Barkin says

Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions,

US inflation data for January made Fed's job 'harder,' Barkin says
Economy|Finance|News|US

Fed concerned about cutting rates too soon, minutes of Jan. 30-31 meeting show

The bulk of policymakers at the Federal Reserve's last meeting were concerned about the risks of cutting interest rates too soon, with

Fed concerned about cutting rates too soon, minutes of Jan. 30-31 meeting show
Business|Finance

Analysis-HSBC cost conundrum intensifies investor bank scrutiny

Climbing costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to

Analysis-HSBC cost conundrum intensifies investor bank scrutiny
Asia|Business|Finance|Stock Markets

Marketmind: On a roll, China open again

A look at the day ahead in Asian markets.

Marketmind: On a roll, China open again
Economy|Finance|US

US consumer sentiment steady in February

U.S. consumer sentiment was little changed in February while one-year inflation expectations ticked up, a survey showed on Friday.

US consumer sentiment steady in February
Business|Economy|Finance|Stock Markets|US

Traders see rising chance Fed defers first rate cut beyond June

Traders of futures contracts tied to the Federal Reserve policy rate pared bets on Friday that the U.S central bank will start cutting interest rates in June after a government report

Traders see rising chance Fed defers first rate cut beyond June
Uncategorized

Fed's Bostic open to summer time rate cut - CNBC

By Michael S.

Fed's Bostic open to summer time rate cut - CNBC
Business|Economy|Finance|US

Yellen says US inflation trend is down, 'mistake' to focus on minor fluctuations

U.S.

Yellen says US inflation trend is down, 'mistake' to focus on minor fluctuations
Asia|Business|Economy|Finance|News

Marketmind: Bracing for US inflation aftershock

A look at the day ahead in Asian markets.

Marketmind: Bracing for US inflation aftershock
Economy|Finance|News|US

Fed's Waller says post-pandemic response to inflation was 'not textbook'

The Federal Reserve bound itself to promises during the coronavirus pandemic that proved too constraining once inflation started to surge, forcing the U.S.

Fed's Waller says post-pandemic response to inflation was 'not textbook'
Economy|Finance|News|US

Fed's Barr: January data shows path to 2% inflation will be "bumpy"

Hotter-than-expected inflation in January shows that the U.S.'s path back to 2% inflation "may be a bumpy one," Fed Vice Chair for Supervision Michael Barr

Fed's Barr: January data shows path to 2% inflation will be "bumpy"
Business|Economy|Finance|US

Column-Persistent US services inflation threatens soft landing: Kemp

Persistent price rises by U.S. service sector businesses have underscored the stickiness of inflation and pushed back expectations for interest rate reductions in 2024,

Column-Persistent US services inflation threatens soft landing: Kemp
Asia|Business|Finance|Stock Markets

Asia stocks edge down; dollar rides Treasury yields higher

Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and

Asia stocks edge down; dollar rides Treasury yields higher
Business|Economy|Finance|Stock Markets|US

Analysis-Investors hope strong US economy can insulate stocks from yield surge

As Treasury yields march higher, some investors are betting a resilient U.S. economy and moderating inflation can shield stocks from their

Analysis-Investors hope strong US economy can insulate stocks from yield surge
Economy|Finance|News|US

Warm Jan US CPI reinforces that inflation still outside Fed comfort zone

U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectations

Warm Jan US CPI reinforces that inflation still outside Fed comfort zone
Economy|Finance|News|US

Traders bet Fed won't cut rates until June as inflation fails to cool 

Federal Reserve policymakers will probably wait until June before cutting interest rates, traders bet on Tuesday, after a government report showed consumer inflation ran higher than

Traders bet Fed won't cut rates until June as inflation fails to cool 
Uncategorized

NY Fed survey finds stability in January inflation expectations

By Michael S.

NY Fed survey finds stability in January inflation expectations
Business|Finance|Stock Markets|Technology|US

Marketmind: Nikkei and Nasdaq stalk records, CPI lurks

A look at the day ahead in U.S. and global markets from Mike Dolan Frenetic trading activity around artificial intelligence and chipmakers has tech heavy stock indexes from Wall St's Nasdaq to Japan's

Marketmind: Nikkei and Nasdaq stalk records, CPI lurks
Business|Economy|Finance|US

Labor worries, costs drag small business sentiment down by most in 13 months -NFIB

U.S. small business sentiment fell to its lowest since May 2023 in January, according to a report published Tuesday, as labor costs and slowed sales squeeze bottom

Labor worries, costs drag small business sentiment down by most in 13 months -NFIB
Business|Economy|Europe|Finance|Stock Markets|US|World

World stocks at two-year high, U.S. inflation data in focus

European stocks opened higher on Monday and world stocks were steady at their highest in more than two years, as investors waited for U.S. inflation data due

World stocks at two-year high, U.S. inflation data in focus
Economy|News|US

Revised US December CPI gives Fed a bit more breathing room

U.S. monthly consumer prices rose less than initially estimated in December, revised government data showed on Friday.

Revised US December CPI gives Fed a bit more breathing room
Asia|Business|Economy|Finance|News

Marketmind: Stocks eye best weekly run since June

A look at the day ahead in Asian markets.

Marketmind: Stocks eye best weekly run since June
Health|News|Science

Column-Neutral rate debate resurfaces as US economy refuses to crack :Mike Dolan

If the drugs don't work, the dosage may be wrong.

Column-Neutral rate debate resurfaces as US economy refuses to crack :Mike Dolan
Economy|Election|Finance|US

Inflation, US election to drive 2024 markets - JPMorgan trader survey

Inflation and the U.S. presidential election will be the biggest drivers of global markets this year, while liquidity challenges are a growing focus, according to traders

Inflation, US election to drive 2024 markets - JPMorgan trader survey
Economy|Finance|US

Fed's Kashkari: Strong economy means Fed has time to study data before rate cuts

A resilient economy and a possibly higher neutral rate of interest means the U.S.

Fed's Kashkari: Strong economy means Fed has time to study data before rate cuts
Economy|Finance|News|US

Deutsche Bank no longer expects U.S. recession in 2024

Deutsche Bank no longer expect the U.S. economy to tip into recession this year, given cooling inflation and the labor market returning to a "better balance" without unemployment rising

Deutsche Bank no longer expects U.S. recession in 2024
Business|Economy|Finance|US

Scorching US economy throws off market's Fed cut narrative

Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve

Scorching US economy throws off market's Fed cut narrative
Economy|Finance|News|US

Strong job gains may deal blow to Fed confidence on inflation

Federal Reserve policymakers seeking greater confidence that inflation is on track to their 2% goal were dealt a setback on Friday when new data showed

Strong job gains may deal blow to Fed confidence on inflation
Business|Economy|Finance

IMF says global 'soft landing' in sight, raises 2024 economic growth outlook

The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China -

IMF says global 'soft landing' in sight, raises 2024 economic growth outlook
Economy|Finance|News|US

US prices rise moderately in December, inflation trending lower

U.S. prices rose moderately in December, keeping the annual increase in inflation below 3% for a third straight month, which could allow the Federal Reserve to start cutting

US prices rise moderately in December, inflation trending lower
Economy|Finance|News|US

Five signs the Fed's pivot is underway before even a single rate cut

Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; economists think they will wait until June, given ongoing strength in household

Five signs the Fed's pivot is underway before even a single rate cut
Business|Finance|US

Kimberly-Clark results miss estimates as boost from price hikes fade

Kleenex tissue maker Kimberly-Clark missed expectations for fourth-quarter sales and profit on Wednesday as price-hike benefits soften, sending the company's shares down 4.6%.

Kimberly-Clark results miss estimates as boost from price hikes fade
Economy|Finance|News|US

Fed's Daly: Policy in a 'good place,' risks 'balanced'

San Francisco Federal Reserve Bank President Mary Daly on Friday said she believes the U.S. economy and monetary policy both are in a "good place," and the risks have grown more balanced

Fed's Daly: Policy in a 'good place,' risks 'balanced'
Business|Economy|Finance

BoC to wait until at least June before cutting rates - Reuters poll

The Bank of Canada will wait until at least June to cut its key interest rate as price pressures remain sticky, according to a firm majority

BoC to wait until at least June before cutting rates - Reuters poll
Asia|Business|Finance

Marketmind: China GDP, Japan CPI the guiding lights

A look at the day ahead in Asian markets.

Marketmind: China GDP, Japan CPI the guiding lights
Economy|Finance|News|US

US producer prices unexpectedly fall; goods deflation seen persisting

U.S. producer prices unexpectedly fell in December amid declining costs for goods such as diesel fuel and food, suggesting inflation would continue to subside

US producer prices unexpectedly fall; goods deflation seen persisting
Economy|News

UK could beat US and euro zone to sub-2% inflation - Capital

Britain, which has had the strongest inflation among the world's big rich economies for much of the past two years, could see its pace of price growth slow to below 2% before the

UK could beat US and euro zone to sub-2% inflation - Capital
Business|Economy|Finance|Stock Markets|US

Slightly hot Dec US CPI suggests Fed won't rush to cut

U.S. consumer prices increased more than expected in December as rents maintained their upward trend, which could delay a much anticipated interest rate cut in March from the

Slightly hot Dec US CPI suggests Fed won't rush to cut
Economy|Finance|News|US

'Remarkable' surge in auto insurance costs fans US inflation

Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto

'Remarkable' surge in auto insurance costs fans US inflation
Economy|Finance|News|US

Dollar steady as markets assess higher-than-expected US CPI

The dollar held steady against peer currencies on Friday, as investors weighed higher-than-expected U.S. consumer price inflation against market bets that the Federal

Dollar steady as markets assess higher-than-expected US CPI
Business|Economy|US

US small business sentiment up, but labor, inflation worries persist

U.S. small business sentiment rose for the first time in five months in December, a survey published on Tuesday showed, but hiring costs and ongoing concerns

US small business sentiment up, but labor, inflation worries persist
Business|Finance|Stock Markets|US

Marketmind: Wall St re-finds mojo - but hurdles ahead

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St stocks shook off their new year torpor with the best day in almost two months on Monday - as tech fizzed again and

Marketmind: Wall St re-finds mojo - but hurdles ahead
Asia|Business|Finance|News

Marketmind- Aussie, Chinese data eyed as investors seek tech tonic

A look at the day ahead in Asian markets.

Marketmind- Aussie, Chinese data eyed as investors seek tech tonic
Business|Economy|Finance|US

Dollar steady as traders brace for US inflation data, bitcoin volatile

The dollar was steady on Wednesday in cautious trading ahead of U.S. inflation data due later this week that is likely to influence the Federal Reserve's policy

Dollar steady as traders brace for US inflation data, bitcoin volatile
Uncategorized

US consumers see smaller inflation gains ahead, New York Fed says

By Michael S.

US consumers see smaller inflation gains ahead, New York Fed says
News|US

Fed's Barkin: Strong jobs report keeps focus on inflation fight

LINTHICUM, Md.

Fed's Barkin: Strong jobs report keeps focus on inflation fight
Business|Economy|News|US

Column-Global manufacturers struggle to regain momentum: Kemp

U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of 2022 as the pandemic-driven surge in merchandise buying subsided

Column-Global manufacturers struggle to regain momentum: Kemp
Business|Economy|Finance

Dollar struggles to gain footing in thin trade; yen steady

The dollar was trying to find a floor on Tuesday in holiday-thinned trade, pressured by signs that inflation in the world's largest economy is cooling that will likely

Dollar struggles to gain footing in thin trade; yen steady
Asia|Business|Finance|Stock Markets

Asian stocks stutter, dollar drifts as US rate cut bets rise

Asian stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut

Asian stocks stutter, dollar drifts as US rate cut bets rise
Economy|Finance|Stock Markets|US

US equity funds see big outflows on profit-taking ahead of inflation report

U.S. equity funds saw significant outflows in the week ended Dec. 20, as investors took profits ahead of a key U.S. inflation report and as enthusiasm over potential rate cuts diminished.

US equity funds see big outflows on profit-taking ahead of inflation report
Economy|Finance|US

Fed rate cuts seen starting in March as inflation cools

Traders on Friday stuck to the view that the Federal Reserve will start cutting interest rates in March after government data showed price pressures continued to cool last month, bringing

Fed rate cuts seen starting in March as inflation cools
Business|Finance|Stock Markets|US

Marketmind: Global disinflation cheer as records break

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street is zooming into year-end holidays cracking new records as global disinflation tailwinds lifted bonds and stocks across

Marketmind: Global disinflation cheer as records break
Business|Economy|Finance|News

Goodbye, maybe, to the 'great inflation scare': World Bank blog

The sharp rise in inflation that forced global central banks to drive up interest rates at the fastest pace in decades looks poised to continue to subside in coming months, though risks

Goodbye, maybe, to the 'great inflation scare': World Bank blog
Business|Economy|Europe|Finance

Marketmind: Markets play 'will they or won't they' on BOJ

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

Marketmind: Markets play 'will they or won't they' on BOJ
Business|Economy|Finance|Stock Markets

Take Five: A golden 'everything' rally

World markets head into year-end on a "buy everything" high, with the Federal Reserve signalling it will switch to rate cuts in 2024, propelling stocks and gold higher.

Take Five: A golden 'everything' rally
Business|Economy|Finance|News|Stock Markets|US

Marketmind: Fed nods and dots eyed, peso halved

A look at the day ahead in U.S. and global markets from Mike Dolan As Wall St waited optimistically for the Federal Reserve's latest nods and winks on future policy, Argentina took a

Marketmind: Fed nods and dots eyed, peso halved
Uncategorized

At meeting, Fed must weigh if financial conditions now hindering goals

By Michael S.

At meeting, Fed must weigh if financial conditions now hindering goals
Health|News|US

US public's downbeat view of economy is real, Chicago Fed research shows

Whether it's the "collective trauma" cited by the American Psychological Association (APA) or the bad "vibes" noted by internet analysts, there has been a

US public's downbeat view of economy is real, Chicago Fed research shows
Uncategorized

Near-term expected US inflation at more than 2-year low, NY Fed says

By Michael S.

Near-term expected US inflation at more than 2-year low, NY Fed says
Business|Economy|Finance|US

Goldman Sachs sees Fed delivering its first rate cut in Q3 2024

Goldman Sachs forecasts the U.S.

Goldman Sachs sees Fed delivering its first rate cut in Q3 2024
Business|Economy|Finance|Stock Markets|US

Year-end rally in US stocks faces twin tests as Fed, inflation data loom

The Federal Reserve’s last monetary policy meeting of 2023 and a U.S. inflation report in coming days should test a stock market rally that some view as

Year-end rally in US stocks faces twin tests as Fed, inflation data loom
Americas|Economy|News|US

Yellen says markets anticipating Fed moves can be 'helpful complement' to monetary policy

U.S.

Yellen says markets anticipating Fed moves can be 'helpful complement' to monetary policy
Americas|News|US|World

Yellen: economists who predicted U.S. high unemployment 'eating their words'

U.S.

Yellen: economists who predicted U.S. high unemployment 'eating their words'
News|US

Markets outpacing the Fed may be in for a Christmas season scolding

After their meeting five weeks ago, U.S.

Markets outpacing the Fed may be in for a Christmas season scolding
News|US

Fed, with rates at a peak, now looks at a hold and an eventual pivot lower

U.S.

Fed, with rates at a peak, now looks at a hold and an eventual pivot lower
Economy|Finance

Fed hawks, doves, and centrists: How US central bankers' views are changing

The labels "dove" and "hawk" have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market

Fed hawks, doves, and centrists: How US central bankers' views are changing
Economy|Finance|Stock Markets|US

Marketmind: November bids adieu with inflation data, OPEC

A look at the day ahead in U.S. and global markets from Mike Dolan The best month of the year for U.S. stocks and bonds draws to a close on Thursday with investors bulled up by warm feelings about

Marketmind: November bids adieu with inflation data, OPEC
Business

As inflation cools, Fed officials signal rate hikes likely done

By Ann Saphir and Michael S.

As inflation cools, Fed officials signal rate hikes likely done
Business|Economy|News|US

US economic activity slowed in recent weeks, Fed survey shows

U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to hire workers, the Federal

US economic activity slowed in recent weeks, Fed survey shows
Economy

Fed's Williams welcomes stability of longer-run inflation expectations

By Michael S.

Fed's Williams welcomes stability of longer-run inflation expectations
Business|Economy|Finance|Stock Markets|US

With Fed likely done hiking rates, Waller flags pivot ahead

Federal Reserve policymakers look increasingly comfortable closing out the year with interest rates on hold and the clock ticking on the timing

With Fed likely done hiking rates, Waller flags pivot ahead
Business|Economy|Finance|US

Dollar Tree trims annual sales forecast as customers spend less at its stores

Dollar Tree trimmed its full-year sales forecast on Wednesday, signaling that persistent inflation was weighing on demand for non-essential products at its stores.

Dollar Tree trims annual sales forecast as customers spend less at its stores
Business|Economy|Finance|Stock Markets

Column-Holy Trinity for 2024 markets that requires some faith: Mike Dolan

With a rosy picture of stock and bond gains next year now the running consensus, forecasters are managing an impressive leap of faith over three main assumptions -

Column-Holy Trinity for 2024 markets that requires some faith: Mike Dolan
Economy|Finance|News|US

With Fed likely done hiking rates, Waller flags pivot ahead

Federal Reserve policymakers look increasingly comfortable closing out the year with interest rates on hold and the clock ticking on the timing

With Fed likely done hiking rates, Waller flags pivot ahead
Business|Economy|Finance|US

Fed may need four years to recoup income loss, St. Louis Fed study says

The Federal Reserve will need nearly four more years to cover a historic operating loss and start sending profits again to the U.S.

Fed may need four years to recoup income loss, St. Louis Fed study says
Economy|News|US

As US job market softens, gains of minority groups hang in the balance

Economists who have studied employment during the recovery from the coronavirus pandemic agree that Black, Hispanic, and less-educated workers saw outsized

As US job market softens, gains of minority groups hang in the balance
Business|Economy|Finance

Sterling nears three-month high; UK consumers more upbeat

The pound rose on Friday nearing its highest in almost three months, lifted in part by a broad-based retreat in the dollar, but also by a rise in UK bond yields

Sterling nears three-month high; UK consumers more upbeat
Economy|Finance|News|US

S&P 500 to see small gain in 2024 as US economic risks rise: Reuters poll

The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks

S&P 500 to see small gain in 2024 as US economic risks rise: Reuters poll
Business|Economy|Finance

Analysis-Japan's inflation comeback prompts investors to tear up old playbooks

Global inflationary forces are finally seeping into Japan's economy after decades of falling prices, forcing investors to radically rethink

Analysis-Japan's inflation comeback prompts investors to tear up old playbooks
Business|Economy|Finance|US

US jobs data may be miscounting millions of 'gig' workers, research suggests

Millions of "gig" workers may get missed every month in the U.S. government's employment report, a discrepancy with implications for how Federal Reserve

US jobs data may be miscounting millions of 'gig' workers, research suggests
Economy|Finance

Boston Fed's Collins: Central bank needs better view of full employment

Improvements in labor supply that seem to occur as the overall job market gets tighter means Federal Reserve policymakers may need to worry less about inflation

Boston Fed's Collins: Central bank needs better view of full employment
Business|Economy|Europe|Finance

Marketmind: Oil slide, Walmart stoke disinflation speculation

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

Marketmind: Oil slide, Walmart stoke disinflation speculation
Economy|News|US

Fed's Cook says economic risks two-sided, 'soft landing' possible

The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, Federal Reserve Governor Lisa Cook said on Thursday, a

Fed's Cook says economic risks two-sided, 'soft landing' possible
Economy

Exclusive-Three Fed governors tell US senator there is room to reduce balance sheet

By Michael S.

Exclusive-Three Fed governors tell US senator there is room to reduce balance sheet
Business|Economy|Finance|Stock Markets|US

Marketmind: Ebbing oil sustains inflation, retail glow

A look at the day ahead in U.S. and global markets from Mike Dolan Ebbing oil prices are cheerleading this week's renewed optimism on U.S. disinflation - with retail soundings still perky into the

Marketmind: Ebbing oil sustains inflation, retail glow
Business|Economy|Finance|US

Investment funds stocking up on US farmland in safe-haven bet

Investment funds have become voracious buyers of U.S. farmland, amassing over a million acres as they seek a hedge against inflation and aim to benefit from the growing

Investment funds stocking up on US farmland in safe-haven bet
Economy|News|US

Inflation in the US is improving, the public mood is still sour

As families in the U.S. prepare to gather for their Thanksgiving dinners next week, food prices have largely flatlined for months, gasoline prices are about

Inflation in the US is improving, the public mood is still sour
Business|Economy|Finance|Stock Markets|US

Column-Boom at last for 'Big Long' in bonds: Mike Dolan

The scale of the debt market reaction to October's U.S. inflation undershoot partly reflects sheer relief in what's now one of the biggest bond market bets of the

Column-Boom at last for 'Big Long' in bonds: Mike Dolan
Asia|Business|Economy|Finance|Stock Markets

Yen's slide to multi-decade lows keeps markets on intervention alert

The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy

Yen's slide to multi-decade lows keeps markets on intervention alert
Business|Finance|Stock Markets|US

Marketmind: Seven up - oil-fueled rally turns to Powell

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks' longest winning streak in two years - clocking seven straight daily gains - has been underscored by a slump in

Marketmind: Seven up - oil-fueled rally turns to Powell
Economy|Finance|News|US

Fed's Waller calls Q3 US GDP growth a 'blowout,' but newer data suggest slowdown

Federal Reserve policymakers fresh from last week's decision to hold the policy rate steady are weighing strong economic data, some

Fed's Waller calls Q3 US GDP growth a 'blowout,' but newer data suggest slowdown
Business|Economy|Finance|News|US

Fed rate hikes may be done as labor market cools further

Slowing U.S. job growth and cooling wage pressures may give Federal Reserve policymakers renewed confidence the U.S. economy is adjusting from the shock

Fed rate hikes may be done as labor market cools further
Business|Economy|News|US

US productivity rises at fastest pace in three years in the third quarter

U.S. worker productivity grew at its quickest pace in three years in the third quarter, depressing labor costs.

US productivity rises at fastest pace in three years in the third quarter
Business|Economy|News|US

US consumer confidence fall further in October

U.S. consumer confidence declined for a third straight month in October amid persistent worries about inflation, higher borrowing costs and the political environment, a survey

US consumer confidence fall further in October
Business|Economy|Finance|News|US

Fed buzz: words to watch for as the Fed sets rates

Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their two-day meeting starting Tuesday.

Fed buzz: words to watch for as the Fed sets rates
Business|Economy|Finance|US

Fed seen keeping rates on hold well into next year

Cooling inflation will likely keep the Federal Reserve on pause in coming months, traders bet on Friday, even as persistent underlying price pressures amid strong consumer spending kept some chance of

Fed seen keeping rates on hold well into next year
Asia|Finance

Marketmind: Ominous signal - Wall St slides despite yield slump

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Marketmind: Ominous signal - Wall St slides despite yield slump
Asia|Business|Economy|Finance|Stock Markets|US

Asian shares track US futures higher, bonds hold gains

Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs U.S.

Asian shares track US futures higher, bonds hold gains
Business|Economy|Finance

Fed hawks, Fed doves: What U.S. central bankers have been saying

The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market

Fed hawks, Fed doves: What U.S. central bankers have been saying
Business|Finance|US

BlackRock warns of US earnings stagnation, remains bullish on AI, Japan

Investors looking toward U.S. corporate earnings growth to revive the rally in the benchmark S&P 500 may be disappointed as inflation remains volatile,

BlackRock warns of US earnings stagnation, remains bullish on AI, Japan
Business|Economy|Finance|US

Inflation, commercial real estate among top financial stability concerns -Fed survey

The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of

Inflation, commercial real estate among top financial stability concerns -Fed survey
Business|Economy|Finance|Stock Markets|US

U.S. 10-year Treasury yields hits 5% for first time since 2007

The U.S. 10-year Treasury yield briefly reached 5% for the first time since 2007, marking a fresh milestone in a relentless push higher for government borrowing costs.

U.S. 10-year Treasury yields hits 5% for first time since 2007
Asia|Finance|US

Marketmind: Five alive: US yield curve nears historic level

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Another watershed day for U.S.

Marketmind: Five alive: US yield curve nears historic level
Uncategorized

Fed's Logan: Fed has "some time" to see data before deciding next rate move

By Michael S.

Fed's Logan: Fed has "some time" to see data before deciding next rate move
Economy|Finance|US

Fed's Bostic: Lowering inflation still main US central bank mission

Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank's mission, although he did not say what that

Fed's Bostic: Lowering inflation still main US central bank mission
Business|Economy|Finance|US

Fed on pause as policymakers parse mixed data

Federal Reserve policymakers are signaling a pause in hiking interest rages for another couple months as they wait for a resolution of mixed signals: strong economic data, signs of

Fed on pause as policymakers parse mixed data
Economy|Finance|News|US

Fed's Kashkari: inflation still too high

Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for inflation to come down, and it is "still too high."

Fed's Kashkari: inflation still too high
Business|Economy|Finance|US

Fed's Goolsbee says fall in US inflation is not just a blip- FT

Chicago Fed president Austan Goolsbee said it is "undeniable" that the slowdown in U.S. inflation is a trend rather than a momentary blip, despite a recent string of economic data showing

Fed's Goolsbee says fall in US inflation is not just a blip- FT
Business|Finance|Stock Markets|US

Wall Street falls as Treasury yields rise, investors digest inflation data

Wall Street's main indexes closed lower on Thursday after a U.S.

Wall Street falls as Treasury yields rise, investors digest inflation data
Business|Economy|Finance|News|Stock Markets|US

Marketmind: Fed's data-driven approach set for inflation test

A look at the day ahead in U.S. and global markets by Samuel Indyk The minutes from the Federal Reserve's September policy meeting on Wednesday confirmed the central bank is watching the data closely,

Marketmind: Fed's data-driven approach set for inflation test
Business|Finance|US

Marketmind: A spooky Friday 13 for bonds?

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

Marketmind: A spooky Friday 13 for bonds?
Asia|Business|Economy|Finance

Marketmind: After US, inflation focus turns to China

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Marketmind: After US, inflation focus turns to China
Economy|Finance|News|US

Instant View: Gas and shelter costs send US consumer prices higher in Sept

U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal

Instant View: Gas and shelter costs send US consumer prices higher in Sept
Economy|Food|Health|News|World

High inflation means children go hungry around the world - survey

High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian group

High inflation means children go hungry around the world - survey
Business|Economy|Food

Domino's Pizza misses quarterly sales estimate as demand eases

Domino's Pizza on Thursday missed market expectations for quarterly revenue, as higher menu prices and delivery charges discouraged inflation-weary consumers from ordering at the

Domino's Pizza misses quarterly sales estimate as demand eases
Business|News|US

Dollar, yields rise, stocks fall after US consumer price data

U.S.

Dollar, yields rise, stocks fall after US consumer price data
Economy|Finance|News|US

Bets on Fed December rate hike rise after inflation data

Traders see a stronger chance the Federal Reserve will end up delivering another interest-rate hike this year, and keep rates higher for longer next year, after U.S. data on Thursday

Bets on Fed December rate hike rise after inflation data
Economy|Finance|US

Uncertainty, growth risks put Fed on cautious footing last month, minutes show

Uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact

Uncertainty, growth risks put Fed on cautious footing last month, minutes show
Asia|Finance|Stock Markets

Marketmind: Fed pivot reality check for emerging markets?

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Marketmind: Fed pivot reality check for emerging markets?
Business|Finance|US

Marketmind: A window into the Fed's thinking

A look at the day ahead in U.S. and global markets by Amanda Cooper, editor, finance and markets breaking news Investors are always eager to get a look at the minutes from the Federal

Marketmind: A window into the Fed's thinking
News|US

Fed's Waller: Fed can "watch and see" if further hikes needed

U.S.

Fed's Waller: Fed can "watch and see" if further hikes needed
Economy|Finance|US

Fed's Daly: Risks of doing too much vs too little 'roughly balanced'

With U.S. inflation down from its peak, the risk of raising interest rates too little no longer far outweighs the risk of raising rates too much, San Francisco Federal Reserve President

Fed's Daly: Risks of doing too much vs too little 'roughly balanced'
Economy

NY Fed finds mixed bag for consumer's expected inflation path in September

By Michael S.

NY Fed finds mixed bag for consumer's expected inflation path in September
Business|Economy|Finance|US

Fed's Bostic sees no more U.S. rate hikes, no recession

Atlanta Federal Reserve Bank President Raphael Bostic on Tuesday said the U.S. central bank need not raise borrowing costs any further, and sees no recession ahead even as

Fed's Bostic sees no more U.S. rate hikes, no recession
Economy

Fed's Mester: Strong jobs data do not change underlying view on hiring

By Michael S.

Fed's Mester: Strong jobs data do not change underlying view on hiring
Economy|Finance|News|World

BIS' Carstens: too early to say how new war will impact global outlook

Bank for International Settlements General Manager Agustin Carstens on Sunday said it's "too early to say" how the newly erupted conflict in Israel will affect the global economy

BIS' Carstens: too early to say how new war will impact global outlook
Business|Economy|Finance|US

US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks

U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding

US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks
Business|Finance|US

U.S. online sales to grow 4.8% in crucial holiday season -report

Online sales during the crucial U.S. holiday season are expected to rise 4.8% from a year earlier as retailers go all out to woo inflation-hit consumers with even bigger discounts and

U.S. online sales to grow 4.8% in crucial holiday season -report
Business|Economy|Finance|US

Fed's Goolsbee does not see rise in long-term yields imperiling soft landing

(Reuters - Chicago Federal Reserve Bank President Austan Goolsbee says he sees no clear signals that the U.S. economy is veering off the "golden path" toward the Fed's 2% inflation goal and at the

Fed's Goolsbee does not see rise in long-term yields imperiling soft landing
Business|Economy|Finance|Stock Markets|US

Marketmind: This Fed's not for turning

A look at the day ahead in U.S. and global markets by Mike Dolan If markets had been hoping the Federal Reserve might be minded to push back against the relentless rise in U.S. bond yields, they've

Marketmind: This Fed's not for turning
Business|News|Technology|World

How China-West tensions will shape global markets

Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations.

How China-West tensions will shape global markets
Business|Economy|Finance|US

Dips in core and "supercore" inflation could bolster a Fed hold

A measure of inflation closely watched by the Federal Reserve has now averaged near the central bank's 2% target for the last three months, another step

Dips in core and "supercore" inflation could bolster a Fed hold
Business|Economy|Finance|Stock Markets|US

Wall St ends higher as investors digest economic data ahead of inflation report

Wall Street's main indexes ended higher on Thursday as investors assessed the latest batch of economic data and as a surge in

Wall St ends higher as investors digest economic data ahead of inflation report
Economy|Finance|News|US

US inflation outlook brightens as underlying price pressures subside

Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two

US inflation outlook brightens as underlying price pressures subside
Business|Economy|Finance|Stock Markets|US

Marketmind: Spiky quarter ends in uneasy market calm

A look at the day ahead in U.S. and global markets by Mike Dolan With one eye on a key U.S. inflation update for August later on Friday, world markets limped to the end of a poor third quarter and

Marketmind: Spiky quarter ends in uneasy market calm
Economy|Finance|News|US

Instant view: US core inflation slows in August, consumer spending rises

U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%.

Instant view: US core inflation slows in August, consumer spending rises
Business|Economy|Finance|US

Hedge fund manager Bill Ackman sees U.S. long-term rates rising

Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees

Hedge fund manager Bill Ackman sees U.S. long-term rates rising
Uncategorized

Fed's Barkin says more data needed before making next monetary policy call

By Michael S.

Fed's Barkin says more data needed before making next monetary policy call
Business|Economy|Finance|US

Dollar eases from 10-month high but on track for weekly gain

The dollar index eased from a 10-month high on Thursday but remained on track for a weekly gain, and investors stayed on guard for potential

Dollar eases from 10-month high but on track for weekly gain
Business|Economy|Finance|US

US applications for jobless claims fall to lowest level in 9 weeks

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation

US applications for jobless claims fall to lowest level in 9 weeks
Business|Economy|Finance|US

US growth likely slowed last quarter but still pointed to a solid economy

The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates

US growth likely slowed last quarter but still pointed to a solid economy
Economy|Finance|News|US

More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds

More than one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising faster than their income

More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds
Business|Economy|Finance|US

Fed hawks and doves: what US central bankers are saying

U.S. central bankers have kept their target for short-term borrowing costs in the 5.25%-5.50% range since last July, when they completed their 2022-2023 rate-hike campaign to combat soaring

Fed hawks and doves: what US central bankers are saying
Business|Economy|Finance|News

Bank Indonesia's first rate cut pushed to Q3, smaller cuts this year as rupiah falls - Reuters poll

Bank Indonesia will cut its key interest rate next quarter and again in the fourth quarter, later than previously expected, as inflation rises and the rupiah

Bank Indonesia's first rate cut pushed to Q3, smaller cuts this year as rupiah falls - Reuters poll
Economy|Europe|Finance|News

UK inflation falls to lowest level since late 2021 as food prices ease further

Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices

UK inflation falls to lowest level since late 2021 as food prices ease further
Business|Economy|Finance|News|US

Fed's Powell suggests that elevated inflation will likely delay rate cuts this year

Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year because “recent data have clearly not given us greater confidence” that price increases are under control

Fed's Powell suggests that elevated inflation will likely delay rate cuts this year
Business|Economy|Finance|News|US

A top Federal Reserve official opens door to keeping rates high for longer

Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation

A top Federal Reserve official opens door to keeping rates high for longer
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data

Asian shares have skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
Business|Economy|Finance|US

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

Americans increased their spending pace in March at a better-than-expected pace from February, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer
Economy|News|US

US consumer sentiment falls slightly as outlook for inflation worsens

Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year

US consumer sentiment falls slightly as outlook for inflation worsens
Business|Economy|Finance|News|US

US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn

U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates

US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn
Economy|Europe|Finance

When are those rate cuts coming, already? The European Central Bank may be providing some hints

Markets are waiting to hear what European Central Bank President Christine Lagarde has to say about the timing of a first interest rate cut

When are those rate cuts coming, already? The European Central Bank may be providing some hints
Asia|Economy|Finance|Stock Markets|US

Stock market today: Asian shares are mixed, taking hot US inflation data in stride

Asian shares are mixed after U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend

Stock market today: Asian shares are mixed, taking hot US inflation data in stride
Business|Economy|Finance|US

Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?

An eagerly awaited report Wednesday on consumer prices will show whether inflation is still easing, a trend the Federal Reserve will weigh in deciding when and by how much — or even whether — to cut interest rates this year

Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?
Asia|Business|Finance|Stock Markets|US

Stock market today: Asia stocks rise with market focus on signs of interest rate cut

Asia stocks are mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve

Stock market today: Asia stocks rise with market focus on signs of interest rate cut
Business|Economy|Finance|Stock Markets|US

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
Business|Economy|News|US

US jobs report for March is likely to point to slower but still-solid hiring

The American economy is thought to have added 200,000 jobs in March — a more-than-respectable increase though one that would mark a slowdown from February’s vigorous gain of 275,000 and last year’s monthly average increase of 251,000

US jobs report for March is likely to point to slower but still-solid hiring
Europe|Finance

Inflation has slid again in Europe. What that means for interest rates

Inflation has fallen again in Europe, to 2.4% in March

Inflation has slid again in Europe. What that means for interest rates
Economy|News|Opinion|US

Who wouldn't like prices to start falling? Careful what you wish for, economists say

Many Americans are in a sour mood about the economy for one main reason: Prices feel too high

Who wouldn't like prices to start falling? Careful what you wish for, economists say
Business|Economy|Finance|News|US

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
Economy

Trader Joe's upped the price of its bananas for the first time in decades. Here's why

It may not be too “appeeling,” but the price of some bananas are rising by a few cents

Trader Joe's upped the price of its bananas for the first time in decades. Here's why
Economy|Environment|Science

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation

A study by an environmental scientist and the European Central Bank finds that food prices and overall inflation will rise as temperatures climb with climate change

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Asian shares rise after Wall Street rallies to records

Asian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year

Stock market today: Asian shares rise after Wall Street rallies to records
Business|Economy|Europe|Finance

Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls

The Czech Republic's central bank has cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy

Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls
Business|Economy|Finance|News

UK inflation falls by more than expected in February, triggering talk of lower interest rates

Price rises in the U.K. eased by more than anticipated in February, raising expectations that the Bank of England may start cutting interest rates in the next few months

UK inflation falls by more than expected in February, triggering talk of lower interest rates
Economy|News|US

Powell may provide hints of whether Federal Reserve is edging close to rate cuts

The latest measures of U.S. inflation have turned out to be hotter than expected

Powell may provide hints of whether Federal Reserve is edging close to rate cuts
Asia|Business|Economy|Finance|News|Stock Markets

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

Shares are mixed in Asia after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years
Asia|Business|Economy|Finance

Stock market today: Asian stocks gain ahead of US and Japan rate decisions

Asian stocks have gained ahead of policy decisions this week by Japan's central bank and the Federal Reserve

Stock market today: Asian stocks gain ahead of US and Japan rate decisions
Business|Economy|Finance|US

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts

Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
Business|Economy|Finance

US consumer sentiment ticks down slightly, but most expect inflation to ease further

Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing

US consumer sentiment ticks down slightly, but most expect inflation to ease further
Asia|Business|Economy|Finance|News|Stock Markets|US

Tech pulls down Asia stocks, dollar gains on inflation data

Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast U.S. inflation knocked back bets for how soon and

Tech pulls down Asia stocks, dollar gains on inflation data
Business|Economy|Finance|US

Retail sales up 0.6% in February, bouncing back from decline to start the year

Shoppers picked up their spending in February after a pullback the previous month, reflecting the mixed feelings Americans have in an economy where prices are up, but jobs are plentiful

Retail sales up 0.6% in February, bouncing back from decline to start the year
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares mostly rise after Wall Street's record rally

Asian shares are mostly rising, encouraged by a record rally on Wall Street

Stock market today: Asian shares mostly rise after Wall Street's record rally
Economy|News|US

US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts

Consumer prices likely rose last month at a pace that would exceed the Federal Reserve’s inflation target, underscoring why the Fed is being cautious as it considers when to cut interest rates and suggesting that inflation will remain a potent issue in President Joe Biden’s re-election race

US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts
Business|Economy|Finance|News

US jobs report for February is likely to show that hiring remains solid but slower

The nation’s economy likely produced another month of healthy hiring in February, once again brushing aside the effects of high interest rates with unexpected ease

US jobs report for February is likely to show that hiring remains solid but slower
Business|Economy|Europe|News

Europe's inflation is way down. But hope is gone for a quick interest rate cut

Europe's outburst of inflation is receding

Europe's inflation is way down. But hope is gone for a quick interest rate cut
Africa|Economy|News|World

Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billion

Egypt has floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan to $8 billion

Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billion
Economy|Finance|News|US

Fed Chair Powell's testimony to be watched for any hint on rate-cut timing

Federal Reserve Chair Jerome Powell begins two days of testimony to Congress on Wednesday, with two issues likely to dominate the questions he'll face: When will the Fed start cutting interest rates, and by how much

Fed Chair Powell's testimony to be watched for any hint on rate-cut timing
Economy|Finance|US

Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices

An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month

Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices
Business|Economy|Finance|News|US

Lower auto prices are finally giving Americans a break after years of inflationary increases

Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle

Lower auto prices are finally giving Americans a break after years of inflationary increases
Africa|Economy|Finance|News|World

Nigeria's union workers are on strike nationwide over soaring inflation and unmet promises

Nigeria’s government employees and other union workers have begun a new nationwide strike that threatens to shut down key services while people are angry about soaring inflation and growing economic pain

Nigeria's union workers are on strike nationwide over soaring inflation and unmet promises
Business|Economy|News|US

What recession? Professional forecasters raise expectations for US economy in 2024

This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago

What recession? Professional forecasters raise expectations for US economy in 2024
Economy|Finance|US

Consumers are increasingly pushing back against price increases — and winning

Inflation has changed the way many Americans shop

Consumers are increasingly pushing back against price increases — and winning
Economy|Finance|US

Brokerages predict September rate cut as market braces for Powell speech

Most brokerages have forecast a 25 basis points interest rate cut by the U.S.

Brokerages predict September rate cut as market braces for Powell speech
Business|Economy|Europe

Gloom settles in over Germany's economy as businesses remain downbeat about coming months

Germany's businesses remain mired in pessimism despite a small uptick in the latest survey, as Europe’s largest economy struggles with shortages of skilled labor, slower global trade, and political squabbling

Gloom settles in over Germany's economy as businesses remain downbeat about coming months
Asia|Business|Economy

Japan's trade deficit dwindles as exports continue to grow

Japan’s exports have grown nearly 12% in January as shipments jumped in vehicles, auto parts and machinery

Japan's trade deficit dwindles as exports continue to grow
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares trade mixed after Wall Street was closed for a holiday

Asian shares are trading mixed on the second day Chinese markets are open after the Lunar New Year break

Stock market today: Asian shares trade mixed after Wall Street was closed for a holiday
Business|Economy|News|US

Consumers sentiment rose slightly last month as growth improves, inflation falls

A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after years of gloom

Consumers sentiment rose slightly last month as growth improves, inflation falls
Business|Economy|News|US

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated

US wholesale inflation accelerated in January in latest sign that prices picked up last month
Africa|Economy|Education|Finance|World

Algeria's black market for foreign currency underlines its economic woes

In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad

Algeria's black market for foreign currency underlines its economic woes
Asia|Economy

Recession has struck some of the world's top economies. The US keeps defying expectations

Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023

Recession has struck some of the world's top economies. The US keeps defying expectations
Asia|Business|Finance|Stock Markets|US

Stock market today: Asian shares drop after disappointing US inflation data sends Dow down

Asian shares have declined after disappointingly high U.S. inflation data sent shares sliding on Wall Street and raised prospects that interest rates will remain elevated for longer

Stock market today: Asian shares drop after disappointing US inflation data sends Dow down
Business|Economy|Election|News|US

Inflation might have dropped below 3% last month for 1st time in 3 years, a milestone for Biden

Inflation may have fallen below a 3% annual rate last month, which would be the lowest level in nearly three years and a potentially significant milestone as the Biden administration seeks to bolster Americans’ views of the economy before the November elections

Inflation might have dropped below 3% last month for 1st time in 3 years, a milestone for Biden
Economy|Europe

Czech central bank cuts interest rates for the second straight time to help economy

The Czech Republic’s central bank has cut its key interest rate for the second straight time in an effort to help the struggling economy

Czech central bank cuts interest rates for the second straight time to help economy
Business|Economy|News

Turkey's new central bank chief assures that work to combat inflation will press on

Turkey's new central bank chief says the work to tame inflation — namely through interest rate hikes — will continue “with determination.”

Turkey's new central bank chief assures that work to combat inflation will press on
Business|Economy|Finance|US

Americans have saddled themselves with credit card debt. Now renters and the poor are falling behind

Noticeable pockets of Americans — renters, the poor and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts

Americans have saddled themselves with credit card debt. Now renters and the poor are falling behind
Business|Economy|Finance|News|US

More Americans apply for unemployment benefits but layoffs still historically low

The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels

More Americans apply for unemployment benefits but layoffs still historically low
Economy|Europe|News

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?

Inflation is headed down in Europe

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?
Economy|Finance|Stock Markets

Bank of England is set to keep rates on hold and avoid signaling when cuts could happen

The Bank of England is expected to keep its main interest rate at near 16-year highs and indicate that lower borrowing costs aren't imminent because inflation is stuck too high for comfort

Bank of England is set to keep rates on hold and avoid signaling when cuts could happen
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months

Asian shares are mixed after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent

Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months
Business|Economy|Finance

With the economy looking bright enough, the Federal Reserve seems content to play the waiting game

The central bank is ‘really in risk management mode,‘ its chairman said.

With the economy looking bright enough, the Federal Reserve seems content to play the waiting game
Business|Economy|Europe

Europe's economic blahs drag on with zero growth at the end of last year

Europe’s economy failed to expand at the end of 2023

Europe's economic blahs drag on with zero growth at the end of last year
Economy|News|US

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus

The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship

Inflation slowed further in December as an economic 'soft landing' moves into sharper focus
Asia|Economy|News

Stock market today: Asian shares mostly fall despite solid signs of U.S. growth

Asian shares are mostly lower despite upbeat news on the U.S. economy, with Japan’s benchmark falling after the latest data showed inflation has been slowing faster than expected

Stock market today: Asian shares mostly fall despite solid signs of U.S. growth
Economy|Europe|Finance

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

The European Central Bank will likely keep interest rates unchanged Thursday

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank
Business|Economy|Finance|News|US

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience

The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Business|Economy|Finance|US

Americans' economic outlook brightens as inflation slows and wages outpace prices

After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes

Americans' economic outlook brightens as inflation slows and wages outpace prices
US

Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll

The U.S.

Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll
US

Fed's inflation puzzle still missing a piece or two

U.S.

Fed's inflation puzzle still missing a piece or two
Asia|Business|Finance|Stock Markets

Stock market today: Asian stocks track Wall Street gains and Japan’s inflation slows

Asia markets mostly advanced Friday after Wall Street recouped most of the week’s earlier losses and Japan reported slowing inflation, which may keep its ultra-low interest rates steady

Stock market today: Asian stocks track Wall Street gains and Japan’s inflation slows
Economy|Europe|Finance|News

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

European Central Bank head Christine Lagarde says cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says
Business|Economy|Finance|US

Retail sales up strongly in December as Americans showed continued willingness to spend

Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely

Retail sales up strongly in December as Americans showed continued willingness to spend
Business|Economy|Election|Finance|News|US

Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending

Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy “vindicates” Democrats’ decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021

Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Economy|Finance|News

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
Business|Economy|Finance

When can we stop worrying about rising prices? The latest inflation report offers no easy answers

Two important inflation indicators are trending in different directions. What gives?

When can we stop worrying about rising prices? The latest inflation report offers no easy answers
Business|Economy|Finance|US

US applications for jobless benefits fall to lowest level in 12 weeks

The number of Americans applying for unemployment benefits inched down to its lowest level in nearly three months last week as the U.S. labor market continues to flex its muscle in spite of elevated interest rates

US applications for jobless benefits fall to lowest level in 12 weeks
Economy|Finance|News|US

From housing to energy to food, US inflation picks up, though some costs rise only mildly

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one

From housing to energy to food, US inflation picks up, though some costs rise only mildly
Economy|Food|Health|News|World

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

The U.N. Food and Agriculture Organization says global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
Economy|Europe

Europe's inflation is up after months of decline. Could it delay interest rate cuts?

Inflation is on the rebound in Europe

Europe's inflation is up after months of decline. Could it delay interest rate cuts?
Business|Economy|Finance|Technology|US

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon

President Joe Biden's administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domestic production of computer chips

Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon
Business|Economy|News|US

US job openings fell slightly in November but remain high by historical standards

America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021

US job openings fell slightly in November but remain high by historical standards
Asia|Economy|News|World

Chinese factory activity slows in December in a 3rd straight month of contraction

A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish

Chinese factory activity slows in December in a 3rd straight month of contraction
Business|Economy|Finance

Companies grew more confident about initial public offerings in 2023, raising recovery hopes

The IPO market limped ahead in 2023 and analysts expect a steadier recovery ahead

Companies grew more confident about initial public offerings in 2023, raising recovery hopes
Business|Economy|News|US

US applications for jobless benefits rise but labor market remains solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy

US applications for jobless benefits rise but labor market remains solid
Business|Economy|Finance

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

Americans ramped up spending during the holidays despite some financial anxiety and higher costs
Business|Economy|News|US

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares fall as Wall Street retreats, ending record-setting rally

Asian shares have slipped after Wall Street slammed the brakes on its big rally following disappointing corporate profit reports and warnings that the market had simply gone too far, too fast

Stock market today: Asian shares fall as Wall Street retreats, ending record-setting rally
Economy|Entertainment|US

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession

It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts

Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
Economy|Finance|News|US

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

Congressional Budget Office projects lower inflation and higher unemployment into 2025
Economy|Election|News|Opinion|US

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it

President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
Business|Economy|Finance

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged

With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring

Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged
Economy|Finance|News|Stock Markets|US

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street extends its rally and closes at highest level since March 2022

Stocks gained ground on Wall Street as the market comes off its best month in more than a year

Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Business|Economy|News|US

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years
Economy|Europe|News

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years

Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
Economy|Finance|News|World

The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

The world economy will slow next year because of inflation, high rates and war, OECD says
Asia|Business|Economy|Finance|News|World

Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting

Asian shares are mostly higher ahead of the release of U.S. consumer inflation data

Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting
Business|Economy|Finance|Stock Markets|US

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing

A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing
Business|Economy|News|US

Biden says he's helped lower inflation as he hosts first meeting of his new supply chain council

President Joe Biden has opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration is working to lower costs for U.S. families

Biden says he's helped lower inflation as he hosts first meeting of his new supply chain council
Economy|Finance|News|US

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares slip following a weak close on Wall Street

Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum

Stock market today: Asian shares slip following a weak close on Wall Street

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