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

inflation

Asia|Business|Finance|News

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

A look at the day ahead in Asian markets.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
Marketmind: Fed nods and dots eyed, peso halved
Uncategorized

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

By Michael S.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
US economic activity slowed in recent weeks, Fed survey shows
Economy

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

By Michael S.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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 -

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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,

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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."

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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,

April 26, 2024
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.

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
Marketmind: A window into the Fed's thinking
News|US

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

U.S.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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

April 26, 2024
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%.

April 26, 2024
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

April 26, 2024
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.

April 26, 2024
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

April 26, 2024
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

April 25, 2024
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

April 24, 2024
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

April 24, 2024
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

April 22, 2024
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

April 22, 2024
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

April 17, 2024
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

April 16, 2024
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

April 16, 2024
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

April 16, 2024
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

April 15, 2024
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

April 12, 2024
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

April 11, 2024
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

April 11, 2024
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

April 11, 2024
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

April 09, 2024
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

April 09, 2024
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

April 06, 2024
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

April 04, 2024
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

April 03, 2024
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

March 30, 2024
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

March 29, 2024
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

March 27, 2024
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

March 21, 2024
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

March 21, 2024
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

March 20, 2024
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

March 20, 2024
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

March 19, 2024
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

March 19, 2024
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

March 18, 2024
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

March 17, 2024
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

March 15, 2024
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

March 15, 2024
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

March 14, 2024
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

March 13, 2024
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

March 11, 2024
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

March 08, 2024
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

March 07, 2024
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

March 06, 2024
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

March 05, 2024
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

February 29, 2024
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

February 27, 2024
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

February 27, 2024
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

February 26, 2024
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

February 24, 2024
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.

February 23, 2024
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

February 23, 2024
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

February 21, 2024
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

February 20, 2024
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

February 16, 2024
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

February 16, 2024
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

February 16, 2024
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

February 15, 2024
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

February 14, 2024
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

February 12, 2024
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

February 08, 2024
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.”

February 08, 2024
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

February 02, 2024
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

February 01, 2024
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

February 01, 2024
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

February 01, 2024
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

February 01, 2024
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.

February 01, 2024
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

January 30, 2024
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

January 26, 2024
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

January 26, 2024
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

January 25, 2024
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

January 25, 2024
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

January 24, 2024
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.

January 23, 2024
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.

January 22, 2024
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

January 18, 2024
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

January 17, 2024
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

January 17, 2024
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

January 17, 2024
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

January 16, 2024
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?

January 11, 2024
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

January 11, 2024
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

January 10, 2024
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

January 05, 2024
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

January 05, 2024
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

January 04, 2024
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

January 03, 2024
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

January 01, 2024
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

December 28, 2023
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

December 28, 2023
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

December 26, 2023
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

December 21, 2023
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

December 21, 2023
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

December 16, 2023
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

December 15, 2023
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

December 11, 2023
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

December 11, 2023
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

December 01, 2023
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

December 01, 2023
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

November 30, 2023
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

November 30, 2023
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

November 29, 2023
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

November 29, 2023
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

November 28, 2023
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

November 27, 2023
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

November 21, 2023
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

November 21, 2023
Stock market today: Asian shares slip following a weak close on Wall Street
Business|Economy|News|US

U.S. applications for jobless claims rise as labor market begins to show some signs of cooling

More Americans filed for jobless claims last week, and while the labor market remains broadly healthy, there have been recent signs that it may finally be cooling

November 16, 2023
U.S. applications for jobless claims rise as labor market begins to show some signs of cooling
Business|Finance|News|Stock Markets|US

Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue

Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations

November 16, 2023
Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
Economy|Finance|News|US

Retail sales slip in October as consumers pull back after summer splurges

Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars

November 15, 2023
Retail sales slip in October as consumers pull back after summer splurges
Business|Economy|Europe|Finance|News

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast

The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment

November 15, 2023
Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast
Economy|Finance|News

UK government meets pledge to halve inflation this year as rate falls to 2-year low of 4.6%

Inflation in the U.K. dropped sharply in October to its lowest level in two years largely because last year's steep rise in domestic energy bills dropped out of the annual comparison

November 15, 2023
UK government meets pledge to halve inflation this year as rate falls to 2-year low of 4.6%
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi

Asian shares have retreated after Wall Street added a bit more to its big rally from a day before

November 15, 2023
Stock market today: Asian shares fall over China-US jitters following Biden's meeting with Xi
Business|Economy|News|US

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market

Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong in the face of higher interest rates

November 01, 2023
U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
Asia|Business|Economy|Finance|US

Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are done

Asian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy

November 01, 2023
Stock market today: Asian shares surge on hopes the Federal Reserve’s rate hikes are done
Business|Economy|Finance|News|US

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead

November 01, 2023
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Business|Economy|Finance|News|US

US consumers feeling slightly less confident in October for 3rd straight month

American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated

October 31, 2023
US consumers feeling slightly less confident in October for 3rd straight month
Asia|Business|Finance|Stock Markets|World

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates

Asian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month

October 31, 2023
Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates
Business|Economy|Finance|News|US

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors

October 30, 2023
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
Economy|Finance|US

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll shows

About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period

October 27, 2023
Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll shows
Asia|Business|Economy|Finance|News|Stock Markets|World

Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1

Asian shares have risen after the latest tumble on Wall Street

October 26, 2023
Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1
Business|Economy|Europe|Finance

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy

The European Central Bank has taken a break from interest rate increases

October 26, 2023
Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy
Business|Economy|Finance|News|US

US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes

The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace

October 26, 2023
US economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes
Food|Health

Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says

An estimated 17 million households reported problems finding enough food last year

October 25, 2023
Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says
Asia|Business|Finance|Stock Markets|US

Stock market today: Asian shares mixed after US stocks wobble as US Treasury bond yields veer

Asian shares are mixed after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%

October 23, 2023
Stock market today: Asian shares mixed after US stocks wobble as US Treasury bond yields veer
Business|Economy|Finance|News

Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market

October 19, 2023
Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation
Business|Economy|US

Applications for US jobless benefits fall to lowest level in more than 8 months

Applications for U.S. unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market

October 19, 2023
Applications for US jobless benefits fall to lowest level in more than 8 months
Economy|Finance|News

Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%

Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists

October 18, 2023
Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%
Business|Finance|US

Stock market today: Wall Street struggles as war worries collide with hope for stronger profits

U.S. stocks mostly fell after getting pulled in opposite directions by competing waves of optimism and fear

October 13, 2023
Stock market today: Wall Street struggles as war worries collide with hope for stronger profits
Economy|MidEast

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

October 12, 2023
IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
Economy|Finance|News|US

US inflation eased slightly last month as price increases extend slow descent

Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace

October 11, 2023
US inflation eased slightly last month as price increases extend slow descent
Business|Economy|Finance|US

Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

October 11, 2023
Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty
Business|Economy|Finance|News|US

Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April

U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates

October 11, 2023
Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April
Economy|Europe|News

German government forecasts that the country's economy will shrink by 0.4% this year

Germany's government says it expects the country’s economy to shrink by 0.4% this year

October 11, 2023
German government forecasts that the country's economy will shrink by 0.4% this year
Asia|Business|Finance|MidEast|News|Stock Markets|US|World

Stock market today: Asian shares rise with eyes on prices, war in Middle East

Asian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas

October 11, 2023
Stock market today: Asian shares rise with eyes on prices, war in Middle East
Economy|News|World

IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty

The International Monetary Fund warns that the world economy has lost momentum from the impact of higher interest rates, the invasion in Ukraine and widening geopolitical rifts

October 10, 2023
IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty
Business|Economy|Finance|News|US

2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone

Two Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks

October 09, 2023
2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market

October 06, 2023
Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries
Business|Economy|Finance

A surge of hiring in September defies predictions, pointing to US job market's enduring resilience

An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead

October 05, 2023
A surge of hiring in September defies predictions, pointing to US job market's enduring resilience
Asia|Business|Economy|Finance|Stock Markets|US|World

Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market

October 05, 2023
Stock market today: Asian benchmarks mostly rise in subdued trading on US jobs worries
Business|Economy|Finance|Stock Markets

How a strong start to 2023 for Wall Street got knocked off course by soaring bond yields

Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into next year

October 04, 2023
How a strong start to 2023 for Wall Street got knocked off course by soaring bond yields
Business|Economy|Finance|News|US

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices

September 29, 2023
Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild
Economy|Europe|Finance

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

Inflation has dropped sharply in Europe

September 29, 2023
Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom
Business|Economy|Finance|US

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%

Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market

September 28, 2023
The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
Business|Economy|Europe|Finance

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”

September 25, 2023
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
Economy|Finance|News

Bank of England joins US Fed in keeping interest rates unchanged after inflation declines

The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises

September 21, 2023
Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
Business|Economy|Europe|Finance

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

September 21, 2023
Sweden's central bank hikes key interest rate, saying inflation is still too high
Business|Economy|News

The Federal Reserve held off hiking interest rates − it may still be too early to start popping the corks

News of a soft landing may be premature.

September 21, 2023
The Federal Reserve held off hiking interest rates − it may still be too early to start popping the corks
Economy|Europe|News|World

UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do

Inflation in Britain fell unexpectedly in August to its lowest level since the start of Russia’s invasion of Ukraine

September 20, 2023
UK inflation fell unexpectedly in August. That makes it unclear what the Bank of England will do
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought

September 20, 2023
Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
Economy|Finance|US

Fed keeps rates unchanged and signals optimism about a potential 'soft landing'

The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased

September 19, 2023
Fed keeps rates unchanged and signals optimism about a potential 'soft landing'
Business|Economy|Finance|US

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'

Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools

September 18, 2023
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'
Business|Economy|Finance|US

Retail sales rise 0.6% in August largely due to a spike in gas prices

Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school

September 14, 2023
Retail sales rise 0.6% in August largely due to a spike in gas prices
Business|Economy|Finance|Stock Markets|US

Wholesale price inflation accelerated in August from historically slow pace

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

September 14, 2023
Wholesale price inflation accelerated in August from historically slow pace
Economy|News|US

Applications for US jobless benefits tick up slightly

The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before

September 14, 2023
Applications for US jobless benefits tick up slightly
Asia|Economy|Finance|News|Stock Markets|US

Stock market today: Asian shares mostly higher after US inflation data ease rate hike worries

Shares are mostly higher in Asia after a highly anticipated report showed inflation accelerated across the U.S. in August, but not by much more than expected

September 13, 2023
Stock market today: Asian shares mostly higher after US inflation data ease rate hike worries

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