Today: September 27, 2024
Today: September 27, 2024

interest rates

Finance

Mexico central bank cuts interest rate by 25 basis points as inflation cools

The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.50% on Thursday, the second straight cut as price pressures have been easing in Latin America's

Mexico central bank cuts interest rate by 25 basis points as inflation cools
Business|Economy|Finance

Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years

The average rate on a 30-year mortgage in the U.S. slipped this week to its lowest level in two years, boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs

Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years
Business|Economy|Finance

US core capital goods orders rise in August

New orders for key U.S.-manufactured capital goods unexpectedly rose in August, though business spending on equipment appears to have lost momentum in the third quarter.

US core capital goods orders rise in August
Economy|Finance|News

Low weekly US jobless claims, robust corporate profits highlight economy's resilience

The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained

Low weekly US jobless claims, robust corporate profits highlight economy's resilience
Business|Economy|Finance|News|Stock Markets

Global hunt for neutral interest rate to shape finance costs

With key central banks now aligned in cutting interest rates a real-time experiment is underway in how much the global financial

Global hunt for neutral interest rate to shape finance costs
Business|Economy|News

Gold’s hitting new records again. Here’s what it means for the economy

Gold’s hitting new records again. Here’s what it means for the economy

Gold’s hitting new records again. Here’s what it means for the economy
Business|Economy|Finance|News

US confidence wobble weighs, China buoyed

A look at the day ahead in U.S. and global markets from Mike Dolan The unexpected downturn in U.S. household confidence this month and growing anxiety about jobs has spurred aggressive interest rate

US confidence wobble weighs, China buoyed
Business|Economy|Finance

Fed's bumper rate cut revives 'reflation specter' in US bond market

The Federal Reserve's aggressive start of the easing cycle has rekindled inflation worries in the U.S. bond market, as some investors fear looser financial

Fed's bumper rate cut revives 'reflation specter' in US bond market
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street edges back from its record highs

U.S. stocks edged back from their records as financial markets around the world took a pause following big recent moves

Stock market today: Wall Street edges back from its record highs
Business|Economy|Finance

Australia inflation slows to 3-year low in August, core also trends lower

Australian consumer price inflation slowed to a three-year low in August thanks to government rebates on electricity, while core inflation hit its lowest since early

Australia inflation slows to 3-year low in August, core also trends lower
Asia|Economy|Finance

South Korea fin minister prioritises demand recovery over household debt

South Korea's Finance Minister Choi Sang-mok said on Wednesday that the government's policy priority was more focused on tackling slowing domestic demand than rising household debt

South Korea fin minister prioritises demand recovery over household debt
Asia|Australia|Finance|Stock Markets

Dollar rises from 14-month low, yuan dips

The dollar bounced off a 14-month low against the euro on Wednesday in choppy trading, but investors held onto bets that the Federal Reserve will make another

Dollar rises from 14-month low, yuan dips
Business|Economy|Finance

Japan's corporate service inflation steady, BOJ focusing on Oct data

A leading indicator of Japan's service-sector inflation held steady at 2.7% in August, data showed on Wednesday, underscoring the central bank's view that rising wages

Japan's corporate service inflation steady, BOJ focusing on Oct data
Business|Economy|Finance

American consumers are feeling less confident as concerns about jobs take center stage

American consumers are feeling less confident this month and concerns about jobs rose significantly

American consumers are feeling less confident as concerns about jobs take center stage
News

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S.

Fed's Bowman: Lingering inflation risks warrant more cautious cuts
Business|Economy|Finance|News

Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help

Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help

Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help
Business|Economy|Finance

Fed's rate cut offers limited relief for US factories facing China competition

Drew Greenblatt loves that the Federal Reserve has cut interest rates.

Fed's rate cut offers limited relief for US factories facing China competition
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street drifts to more records after Chinese stocks soar

U.S. stocks drifted to more records in a quiet day of trading

Stock market today: Wall Street drifts to more records after Chinese stocks soar
Asia|Australia|Economy|Finance

China's yuan surges to 16-month peak on new stimulus measures

China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus

China's yuan surges to 16-month peak on new stimulus measures
Asia|Business|Economy|Finance|News

Policy spotlight falls on RBA, BOJ's Ueda

A look at the day ahead in Asian markets.

Policy spotlight falls on RBA, BOJ's Ueda
Asia|Finance|News|Stock Markets

Stocks climb, euro falls; Fed officials say large rate cut was warranted

Global stock indexes rose on Monday as Federal Reserve policymakers said last week's large interest rate cut was warranted, while the euro fell against the

Stocks climb, euro falls; Fed officials say large rate cut was warranted
Asia|Economy|Finance

Fed adrenaline keeps pumping, PBOC inertia may drag

A look at the day ahead in Asian markets.

Fed adrenaline keeps pumping, PBOC inertia may drag
Business|Economy|Finance|News|Stock Markets

The Fed sees its inflation fight as a success. Will the public eventually agree?

With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years

The Fed sees its inflation fight as a success. Will the public eventually agree?
Business|Economy|Finance|News

Fed's Bowman says dissent on large rate cut based on above-target inflation data

Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-

Fed's Bowman says dissent on large rate cut based on above-target inflation data

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