Italian court set to issue verdict in Salvini's kidnapping trial over migrants blocked at sea
South Korea police questioned acting president Han over martial law decree
Singapore's low inflation not enough for a January easing, analysts say
Sri Lanka's navy rescues 102 Rohingya refugees found adrift aboard a fishing trawler
Column-Intervention to halt dollar merely gives it legs :Mike Dolan
UK retail sales edge up by 0.2% in November
Gisele Pelicot's Australian supporters are moved that their French heroine wore an Aboriginal scarf
An 'embarrassing' night for Stephen Curry and the Warriors, who fall by 51 at Memphis
Justin Herbert passes for 2 touchdowns, Chargers score on free kick and rally past Broncos 34-27
Business|Economy|Finance|US
Fed's rate cut offers limited relief for US factories facing China competition
Drew Greenblatt loves that the Federal Reserve has cut interest rates.
September 24, 2024interest rates
Business|Economy|Finance|News|Stock Markets|US
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
September 24, 2024
Asia|Business|Economy|Finance|US
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
September 24, 2024
Asia|Business|Economy|Finance|News
Policy spotlight falls on RBA, BOJ's Ueda
A look at the day ahead in Asian markets.
September 23, 2024
Business|Economy|Finance|News|Stock Markets|US
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
September 22, 2024
Asia|Economy|News
Fed adrenaline keeps pumping, PBOC inertia may drag
A look at the day ahead in Asian markets.
September 22, 2024
Economy|Finance|US
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
September 22, 2024
Economy|Finance|News|US
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-
September 20, 2024
Business|Economy|Finance
What lower rates mean for markets
What lower rates mean for markets
September 20, 2024
Business|Economy|Finance|Stock Markets
Toronto market extends record-setting run as gold miners climb
Canada's main stock index on Friday inched past the record high it hit a day earlier, helped by gains for the shares of gold miners and uranium producers
September 20, 2024
Economy|Finance|News|Stock Markets|US
Richly valued US stock market may find limited benefit from rate cuts
As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the
September 20, 2024
Economy|Finance|News|Stock Markets|US
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the
September 20, 2024
Economy|Finance|News|US
Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes
The dollar strengthened against the yen on Friday, hitting its highest level in two weeks, after the Bank of Japan left interest rates
September 19, 2024
Australia|Business|Economy|Finance
RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll
Australia's central bank will keep its key policy interest rate unchanged on Tuesday and for the rest of the year amid elevated price pressures,
September 19, 2024
Business|Economy|Finance
More UK employers plan reduced pay increases for 2025, IDR survey shows
British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation
September 19, 2024
Business|Economy|Finance|News|Stock Markets|US
Global investors brace for turmoil as big Fed cut sows confusion
Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world's dominant economy is
September 19, 2024
Asia|Business|Economy|Finance
BOJ keeps rates steady, upgrades view on consumption
The Bank of Japan kept interest rates steady on Friday and revised up its assessment on consumption, signalling its confidence a solid economic recovery would allow
September 19, 2024
Business|Economy|Finance|Stock Markets|US
US homebuilder Lennar beats Q3 profit estimates on higher home deliveries
Lennar Corp reported third-quarter profit above Wall Street estimates on Thursday, as a historically low housing supply kept demand strong and declining fixed mortgage rates lured in more
September 19, 2024
Business|Economy|Finance|US
Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut
The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve
September 19, 2024
Business|Economy|News|US
Weekly applications for US jobless benefits fall to the lowest level in 4 months
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week
September 19, 2024
Business|Economy|Finance|News|Stock Markets|US
US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure
September 19, 2024
Business|Europe|Finance|News|Stock Markets|US|World
European shares advance as global markets cheer Fed's outsized rate cut
European stocks jumped on Thursday after the U.S.
September 19, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates
September 19, 2024
Economy|Finance|News
Fed slashes rates by a half-point – what that means for the economy and the presidential election
The relatively large rate cut signals that the Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.
September 18, 2024
Asia|Economy|Finance|News
Fed goes big, markets yo-yo
A look at the day ahead in Asian markets.
September 18, 2024
Business|Economy|Finance|News|US
US borrowers get quick relief as Fed cuts rates
U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time
September 18, 2024
Business|Economy|Finance|US
US rate futures imply more easing this year after Fed's 50-basis-point cut
Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by
September 18, 2024
Economy|Finance|News|US
The Federal Reserve is finally lowering rates. Here's what consumers should know
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
September 18, 2024
Economy|Europe|Finance|News
Euro zone inflation not where ECB wants it to be, Bundesbank chief says
Euro zone inflation is still not as low as the European Central Bank would like, so interest rates need to remain sufficiently high to resolve price pressures, Bundesbank
September 18, 2024
Business|Economy|Finance|Stock Markets|US
Equities close slightly lower, trade choppy after Fed rate cut
U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high
September 18, 2024
Business|Economy|Finance
How some hedge funds would trade a rate cutting cycle
While many investors hope falling interest rates will usher in a soft economic landing, others forecast a calm before the storm.
September 18, 2024
Business|Economy|Europe|Finance|Stock Markets|US
European shares end lower with Fed's big rate verdict in focus
European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important interest rate decision by the U.S.
September 18, 2024
Economy|Finance|News
UK inflation holds at 2.2% but services prices keep BoE on alert
British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets
September 18, 2024
Business|Finance|Stock Markets|US
Traders brace for least predictable Fed meeting in years
Traders in global financial markets are facing extraordinary uncertainty as they await the U.S.
September 18, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates
September 18, 2024
Economy|Finance|US
Oil prices fall as Fed rate cut stirs economic worries, storage report mixed
Oil prices slipped lower on Wednesday as a rate cut announcement from the Federal Reserve raised worries about the health of the U.S. economy, while investors
September 18, 2024
Business|Economy|Finance|News
So we’re expecting a rate cut. When will we start to see a difference in the economy?
So we’re expecting a rate cut. When will we start to see a difference in the economy?
September 17, 2024
Business|Economy|News|US
America’s economic engine is still revving, despite fears of a slowdown
America’s economic engine is still revving, despite fears of a slowdown
September 17, 2024
Business|Economy|Finance|US
Elizabeth Warren calls for emergency-like Fed rate cut ASAP
Elizabeth Warren calls for emergency-like Fed rate cut ASAP
September 17, 2024
Business|Finance|Stock Markets|US
S&P 500 ends little changed as early gains fade before Fed decision
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors
September 17, 2024
Economy|Finance|US
Bond investors debate recession risks with Fed easing finally at hand
Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut
September 17, 2024
Africa|Economy|Finance
S. Africa consumer confidence recovers to pre-pandemic levels, survey shows
South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September,
September 17, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years
September 17, 2024
Asia|Europe|Finance
Yen's big week begins
A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the yen's low-
September 17, 2024
Business|Economy|Finance|News|US
The Fed is finally about to cut interest rates. What took so long?
The Fed is finally about to cut interest rates. What took so long?
September 16, 2024
Business|Economy|News|US
What's happening in Las Vegas shows Fed's 'soft landing' is a good bet
The cracks in the labor market in Las Vegas and across Nevada have typically appeared early and widened fast when the U.S. economy
September 16, 2024
Economy|Finance|News|Stock Markets|US
Fed hits easing week, China economy weak
A look at the day ahead in U.S. and global markets from Mike Dolan After an extraordinary 30-month monetary squeeze designed to zap a post-pandemic inflation spike, the Federal Reserve is finally set
September 16, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Asian bonds attract massive inflows in August on Fed easing hopes
Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September.
September 16, 2024
Asia|Business|Economy|Finance|News
China gloom vs Wall St vroom
A look at the day ahead in Asian markets.
September 15, 2024
Economy|Finance|News
Israel CPI jumps to 10-month high of 3.6% in August
Israel's inflation rate surged in August to its highest rate in nearly a year, data from the Central Bureau of Statistics showed on Sunday, reducing the likelihood of more
September 15, 2024
Business|Economy|Finance|News
Bank of Canada governor raises prospect of faster rate cuts, FT reports
Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.
September 15, 2024
Business|Economy|Finance|US
US consumer sentiment ticks higher for second month but remains subdued
Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture
September 13, 2024
Economy|Finance|US
US consumer sentiment climbs to four-month high; import prices drop
U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household
September 13, 2024
Business|Economy|Finance|Stock Markets
Gold bulls set sights on previously dismissed record $3,000/oz milestone
Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by
September 13, 2024
Economy|Finance
The most well-known recession indicator stopped flashing red, but now another one is going off
The most well-known recession indicator stopped flashing red, but now another one is going off
September 13, 2024
Business|Economy|Europe|Finance
Top ECB governors voice confidence on inflation and rates
The European Central Bank's two biggest shareholders expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone.
September 13, 2024
Americas|Business|Economy|Europe|Finance|News|US
Fed, ready, steady, cut
Don't go anywhere: an event-packed week is coming up with central banks from the United States to Brazil and from Europe to Japan meeting.
September 13, 2024
Business|Economy|Finance|News|US
US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
The U.S. dollar fell on Friday to its
September 13, 2024
Business|Economy|Europe|Finance|News
ECB cuts growth forecasts, still sees inflation at target in late 2025
The European Central Bank lowered its 2024 economic growth projection on Thursday but still sees inflation broadly in line with its 2% target by the end of 2025.
September 12, 2024
Business|Economy|Europe|Finance
ECB cuts rates as growth and inflation slow
The European Central Bank cut its interest rates on Thursday, saying lower inflation and economic growth were allowing it to take its foot off the brake slightly.
September 12, 2024
Asia|Economy|Finance
Receiving swaps to get more profitable than adding bonds in India, BNP Paribas exec says
Indian investors should prioritize receiving bets on overnight indexed swaps over taking fresh long positions in bonds as potential gains from OIS are expected
September 12, 2024
Business|Economy|Finance|News|Stock Markets|US
The first cut isn't always the deepest
A look at the day ahead in U.S. and global markets by Amanda Cooper. The first cut might be the deepest in some cases, but in the case of the Federal Reserve, it would seem not.
September 12, 2024
Business|Europe|Finance|Stock Markets
European shares hit one-week high as ECB cuts interest rates
European shares jumped on Thursday after the European Central Bank (ECB) cut interest rates again as inflation hovers within striking distance of its 2%
September 12, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street climbs closer to its record high
U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations
September 12, 2024
Asia|Economy|Finance
Bank of Korea board member says growth, financial stability are key to rate cuts
A board member of South Korea's central bank said economic growth and financial stability are key factors for the monetary policy board to consider as it determines the timing and
September 12, 2024
Business|Finance|Stock Markets|US
Wall Street ends higher, gold hits record ahead of rate cuts
Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.
September 12, 2024
Business|Economy|Finance|News
UK pay settlements lowest in nearly two years, IDR survey shows
Pay awards granted by British employers fell during the three months to July, according to a survey that chimed with an official gauge of cooling wage growth that
September 11, 2024
Business|Economy|Europe|Finance
Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed
With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers
September 11, 2024
Economy|Finance|News|US
Small Aug CPI rise seen sealing 25 bp cut next week
U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from delivering a half-point interest rate cut
September 11, 2024
Business|Economy|Finance|News|US
Fed expected to deliver quarter-percentage-point rate cut next week
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction, as they seek to reduce the odds of a recession
September 11, 2024
Economy|Finance|News|US
US inflation trending lower, but some stickiness remains
U.S. consumer prices rose slightly in August, but underlying inflation showed some stickiness amid higher costs for housing and other services, further dashing
September 11, 2024
Business|Economy|Finance|Stock Markets|US
US banks extend fall as investors assess executives' sobering forecasts
U.S. bank stocks fell on Wednesday, extending declines after top executives warned of a slower-than-anticipated recovery in investment banking and an expected hit to
September 11, 2024
Business|Europe|Finance|Stock Markets
FTSE 100 drops on Rentokil warning; U.S. inflation data weighs
The UK's benchmark FTSE 100 stock index ended lower on Wednesday, led by a decline in Rentokil shares after the pest control company warned on North
September 11, 2024
Economy|Finance|US
'Blunt' interest rates pose questions about Fed easing :Mike Dolan
If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.
September 11, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech
U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of influential Big Tech companies
September 11, 2024
Economy|Election|Finance|US
US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race
September 10, 2024
Business|Finance|Stock Markets|US
Calm returns as TV debate eyed, China angst
A look at the day ahead in U.S. and global markets from Mike Dolan Markets have recovered their poise this week on a potent mix of U.S. 'soft landing' hopes and interest rate cut speculation and now
September 10, 2024
Business|Economy|Europe|Finance|Stock Markets
German inflation falls to the lowest level in more than three years
German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central
September 10, 2024
Business|Economy|Finance
Australian consumers downbeat in Sept amid economic worries
Australian consumer sentiment stayed downbeat in September as concerns over the economy and jobs bubbled to the surface even as worries over higher interest rates eased, a survey
September 09, 2024
Business|Economy|Finance|News|Stock Markets
The Dow gets a big boost
The Dow gets a big boost
September 09, 2024
Uncategorized
NY Fed report finds mostly stable inflation expectations in August
By Michael S.
September 09, 2024
Business|Economy|Finance|US
US inflation may soon undershoot Fed's 2% target: McGeever
After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon
September 09, 2024
Business|Economy|Finance|News|Stock Markets|US
Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales
September 09, 2024
Asia|Business|Economy|News
Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy
Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that
September 08, 2024
Business|Economy|News
UK labour market loses steam in August, recruiters say
Britain's labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey of recruiters on Monday that could bolster the case for
September 08, 2024
Economy|Finance|US
Economic worries back on Wall Street's radar after jobs data
Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling
September 06, 2024
Americas|Economy
Mexico inflation seen easing in August after months accelerating: Reuters poll
Mexico's headline inflation rate likely eased in August after accelerating for the previous five months, a Reuters poll of analysts showed on Friday, boosting expectations that
September 06, 2024
Business|Finance|News|Stock Markets|US
Traders see Fed starting with 25 bps cut in Sept
Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor
September 06, 2024
Business|Economy|Finance|News
Canada's unemployment rate at 6.6%, economists call for larger rate cuts
Canada's unemployment rate edged up to 6.6% in August, scaling past a seven-year peak excluding the pandemic years of 2020 and 2021, data showed on Friday,
September 06, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall Street stocks fall, big weekly drop as market waits for Fed to move
U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal
September 06, 2024
Business|Economy|Finance|Stock Markets|US
Payrolls, Williams and Waller - a big decider
A look at the day ahead in U.S. and global markets from Mike Dolan Friday looks set to play out like a concentrated version of what markets have been navigating all year - what's the fine
September 06, 2024
Business|Economy|Finance|News|Stock Markets|US
Global stock index, Treasury yields fall after mixed US jobs report
MSCI's global equities gauge fell more than 1% on Friday and U.S.
September 06, 2024
Business|Economy|Finance
Cash could stay attractive for months despite rate cuts, JP Morgan says
Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to
September 05, 2024
Business|Economy|Finance|US
US second-quarter productivity revised higher
U.S. worker productivity grew faster than initially thought in the second quarter, reining in labor costs, suggesting that inflation pressures could continue to subside.
September 05, 2024
Business|Economy|News|US
US labor market stays afloat as unemployment rate falls to 4.2%
U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested the labor market was not falling off the cliff to
September 05, 2024
Economy|News|US
Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels
The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling
September 05, 2024
Business|Economy|Finance|US
Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll
The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive
September 05, 2024
Business|Economy|Europe|Finance
Bank of England allots record 40 billion pounds in weekly repo
The Bank of England allotted a record 40.29 billion pounds ($53.02 billion) in seven-day funds in its weekly short-term repo on Thursday, up from 36.584 billion pounds last week.
September 05, 2024
Business|Economy|News
UK construction growth slows despite housing drive, PMI shows
Growth in Britain's construction industry slowed in August despite the biggest pickup in homebuilding in nearly two years, according to a survey on Thursday that added to signs of
September 05, 2024
Asia|Economy|Finance
Bullish bets on most Asian currencies rise on Fed rate cut bets: Reuters poll
Analysts have raised bullish bets on most Asian currencies after mixed data heightened concerns about economic growth in the world's largest economy, increasing the odds of
September 05, 2024
Business|Economy|Europe|Finance|Stock Markets
Markets hit tentative pause on selloff
A look at the day ahead in European and global markets from Ankur Banerjee Markets hit the pause button after a selloff in equities since the start of the week but sentiment remained fragile, as
September 05, 2024
Business|Economy|Finance|News|Stock Markets
Global equity index slips ahead of US jobs data; oil steadies
MSCI's global equities index edged down on Thursday as investors digested mixed economic data while they anxiously waited for Friday's crucial
September 05, 2024
Economy|Finance|US
Dollar eases ahead of US payrolls test
The U.S. dollar eased against most major currencies on Thursday in choppy trading as investors braced for Friday's U.S. payrolls report,
September 04, 2024
Business|Economy|News|US
America has the fewest jobs available since January 2021
America has the fewest jobs available since January 2021
September 04, 2024
Business|Economy|Finance|News|US
Fed rate-cut size this month to hinge on job market health
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-
September 04, 2024
Business|Economy|Finance|News|Stock Markets|US
US job openings fall to 3-1/2-year low in July
U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but probably not enough for the Federal Reserve to consider a big interest
September 04, 2024
Economy|Europe|Finance
ECB at risk of becoming too restrictive, Cipollone says
The European Central Bank can continue to cut interest rates given the slowdown in inflation, and there is a risk the bank could keep policy too tight, ECB board member Piero
September 04, 2024
Business|Economy|Finance|US
US housing inflation likely to fall in year ahead, Fed paper says
U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank
September 03, 2024
Economy|Finance|News
Russian central bank says medium-term inflation risks remain high
Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady
September 03, 2024
Business|Economy|Finance|Stock Markets|US
Fed policymakers agree on need for rate cuts, but their reasons vary
As recently as two and a half months ago, most U.S. central bankers didn't see an interest rate cut in the cards at their Sept. 17-18 meeting.
September 03, 2024
Asia|Economy|Finance|News
S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut
South Korea's consumer inflation slowed in August to the weakest in nearly 3-1/2 years, official data showed on Tuesday, supporting market expectations for an easing of
September 02, 2024
Business|Economy|Finance|News
Russian central bank set to hike key rate by another 100 bps: Reuters poll
Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters
September 02, 2024
Economy|Finance|News|US
A dollar on the defensive brings relief to policymakers globally
The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to
September 02, 2024
Economy|Finance
Swiss franc carry trade comes fraught with safe-haven rally risk
As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever
September 02, 2024
Asia|Economy|News
Indonesia's inflation stays within central bank range in Aug
Indonesia's annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding
September 02, 2024
Australia|Business|Economy|Finance
Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows
Australian job advertisements fell for a seventh straight month in August, data showed on Monday, as demand for labour continued to ease in the face of high interest rates and a
September 02, 2024
Business|Economy|Finance|US
Dollar eases after hitting highest in two weeks, US job data looms
The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the
September 01, 2024
Business|Economy|News
Japan's factory activity contracts at milder pace, PMI shows
Japan's factory activity contracted at a slower pace in August thanks to a recovery in output and new orders, a private-sector survey showed on Monday, offering some hope for an
September 01, 2024
Business|Economy|Finance|News|Stock Markets|US
Global stocks start September in cautious mood
Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether
September 01, 2024
Business|Economy|Europe|Finance
ECB would be "wise" to cut rates in September, Villeroy says
The European Central Bank would be "wise" to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of
August 30, 2024
Economy|Finance|Stock Markets|US
US bond funds see sharp inflows amid bets of rate cut
U.S. bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and
August 30, 2024
Business|Economy|News
Latest inflation data gives a ‘bright green light’ for a rate cut
Latest inflation data gives a ‘bright green light’ for a rate cut
August 30, 2024
Economy|Finance|News|US
Solid US consumer spending pushes against hopes for hefty Fed rate cut
U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-
August 30, 2024
Economy|Finance|News
Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years
August 30, 2024
Business|Economy|Finance|News
Canada's growth stronger than expected, bank still seen cutting rates
Canada's economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates for a
August 30, 2024
Business|Economy|US
U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll
U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S.
August 30, 2024
Economy|Europe|Finance|Stock Markets
European shares inch up to record high as inflation data sets stage for ECB rate cut
European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation
August 30, 2024
Business|Economy|Finance|News
UK house prices fall for first time since April, Nationwide says
British house prices unexpectedly fell in August for their first monthly drop since April but the outlook for the property market is likely to strengthen,
August 30, 2024
Asia|Business|Economy|Finance|News
Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official
August 29, 2024
Asia|Business|Economy|Finance|News
The Chinese central bank's policy arsenal
The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed
August 29, 2024
Business|Economy|Finance
New Zealand consumer confidence lifts in August, survey shows
Consumer confidence in New Zealand improved in August and while historically still weak it is well off its lows, a survey showed on Friday.
August 29, 2024
Business|Economy|Finance
Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year
August 29, 2024
Business|Economy|Europe|Finance|News
German inflation falls to 2.0% in August, aiding ECB rate cuts
German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to
August 29, 2024
Economy|Finance
Sterling's stunning rally keeps twitchy currency markets on edge
Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate
August 29, 2024
Economy|Finance|News
Russian central bank says new rate hike in September is not a certainty
Another key interest rate hike in September is not a certainty, as economic growth and lending are slowing down, a senior central bank official said on Thursday in
August 29, 2024
Economy|News
Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024
Turkey's economic growth is expected to have fallen to 3.2% in the second quarter of this year as tighter economic policies weighed, a Reuters poll showed on Thursday, with the
August 29, 2024
Americas|Business|Economy|Finance|News
Mexico central bank shrinks 2024 GDP growth forecast to 1.5%
The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank's quarterly report on Wednesday, citing weaker foreign
August 28, 2024
Business|Economy|Finance
Brazil's central bank chief wants flexibility for next rate decision
Brazil's central bank has provided no guidance for its upcoming policy meeting because of its need for flexibility at this time as it tries to bring inflation back
August 28, 2024
Business|Economy|Finance|US
US 30-year mortgage rate falls to lowest since April 2023
The interest rate for the most popular U.S. home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing
August 28, 2024
Asia|Business|Economy|Finance
Thai central bank says growth outlook below potential
Thailand's monetary policy committee makes decisions based on the economic outlook when reviewing rates and so would adjust them if the
August 28, 2024
Economy|Finance|US
Gold falls on firmer dollar as US data takes spotlight
Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for clues on the
August 28, 2024
Business|Economy|Finance|News
BOJ's Himino reiterates readiness to raise rates if economy on track
Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank's stance that it would continue to raise interest rates
August 28, 2024
Economy|News|US
Housing affordability in America is finally improving. Not so much in these cities
Housing affordability in America is finally improving. Not so much in these cities
August 27, 2024
Economy|News|US
US consumer confidence scales six-month high, labor market angst rises
U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the labor
August 27, 2024
Business|Economy|Finance
UK shop prices dip for first time in nearly 3 years, survey shows
British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday.
August 26, 2024
Business|Economy|Finance|US
US business spending on equipment shows signs of cooling in July
New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in
August 26, 2024
Business|Economy|Finance
Mortgage rates are falling. Here’s what you should know before buying a new home
Mortgage rates are falling. Here’s what you should know before buying a new home
August 26, 2024
Business|Economy|Finance|News|US
Stocks edge lower, oil jumps on supply concerns over Mideast, Libya
World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil
August 25, 2024
Business|Economy|News|US
BOJ shows how action matters more than hawkish signs
For academics and policymakers gathered at the U.S.
August 25, 2024
Business|Economy|News|US
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
August 25, 2024
Business|Economy|Finance
Turkey's Isbank CEO sees challenges ahead, November rate cut
Turkish banks will pay the price throughout next year as challenges linger from the country's economic turnaround, the chief executive of lender Isbank said in an
August 25, 2024
Economy|Europe|Finance
ECB making good progress but job not done, Lane says
The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still
August 24, 2024
Business|Economy|Finance|News|Stock Markets|US
Powell just suggested interest rate cuts are coming. What everyone wants to know now
Powell just suggested interest rate cuts are coming. What everyone wants to know now
August 23, 2024
Business|Economy|Finance|News|Stock Markets
‘The time has come’: The Fed just sent a crucial message about its next move
‘The time has come’: The Fed just sent a crucial message about its next move
August 23, 2024
Economy|Finance|News
How to prepare for the Fed's forthcoming interest rate cuts
The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages
August 23, 2024
Business|Economy|Finance|News|US
Powell green lights September rate cut
Federal Reserve Chair Jerome Powell said on Friday "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness
August 23, 2024
Americas|Business|Economy|Finance|News|Stock Markets
TSX hits record high as Fed chief signs off on rate cuts
Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed the
August 23, 2024
Business|Economy|Finance|Stock Markets|US
Dollar stuck in a Hole as Powell speaks
A look at the day ahead in U.S. and global markets from Mike Dolan Jerome Powell takes centre stage at the Federal Reserve's Jackson Hole jamboree on Friday but the Fed chair would have to sound super
August 23, 2024
Business|Economy|Finance|Stock Markets|US
Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.
August 23, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates
U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy
August 23, 2024
Economy|Europe|Finance
ECB has room for gradual rate cuts, Kazaks says
The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged,
August 23, 2024
Business|Economy|Finance
BOJ's Ueda signals readiness to raise rates if growth, inflation on track
Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on course to sustainably hit the 2%
August 22, 2024
Economy|Finance|News
Japan's core inflation picks up, but demand-driven growth below 2%
Japan's core inflation accelerated for a third straight month in July, data showed on Friday, but a slowdown in demand-driven price growth
August 22, 2024
Business|Economy|Finance|News|US
Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday
August 22, 2024
Business|Economy|Finance|Stock Markets|US
US 30-year fixed-rate mortgage slips to lowest level since May 2023
The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the
August 22, 2024
Business|Finance|Stock Markets|US
Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.
August 22, 2024
Economy|Finance|News|Stock Markets|US
King dollar's crown is slipping
A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. If the pressure on global markets from the tumult at the start of the month has abated, nobody told the dollar.
August 22, 2024
Economy|Europe
It's beginning to look a lot like rate cuts
A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons.
August 22, 2024
Business|Finance|News|Stock Markets|US
Stock market today: Wall Street weakens ahead of a highly anticipated speech
U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday
August 22, 2024
Asia|Economy|Finance|Stock Markets
Rupee dips; forward premiums rise amid near certainty on Fed rate cuts
The Indian rupee was marginally weaker on Thursday amid a pause in the rally in Asian peers, while forward premiums rose after Federal Reserve minutes and downward
August 22, 2024
Business|Economy|Finance
Bank of England to deliver one more rate cut this year, economists say: Reuters poll
The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is
August 21, 2024
Business|Economy|Finance|Stock Markets
Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll
Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, according to a Reuters poll of
August 21, 2024
Business|Economy|Europe|Finance|US
Euro, now a safer bet, emerges a winner from market turmoil
The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have
August 21, 2024
Business|Economy|News|Stock Markets|US
Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
U.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations
August 21, 2024
Economy|Finance|News
UK employer pay awards soften in three months to July, Brightmine survey shows
Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth.
August 20, 2024
Economy|Finance|US
Fed's Bowman still cautious about changing policy stance
Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank's policy because of what she sees as continued upside risks for
August 20, 2024
Business|Economy|Finance|News
Canada inflation cools to 40-month low of 2.5% in July
Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased as well, data showed on Tuesday, keeping the Bank of
August 20, 2024
Asia|Business|Economy
BOJ highlights rising wage pressure from structural job market changes
Japan's dwindling working-age population is leading to structural changes in the labour market that are heightening pressure on firms to hike wages and services
August 20, 2024
Business|Europe|Finance|Stock Markets|US
Anticipation builds for Powell blessing on rates
A look at the day ahead in European and global markets from Rae Wee There's a lot hinging on Federal Reserve Chair Jerome Powell's speech at the end of this week but, until then, stocks look set for a
August 20, 2024
Business|Economy|Finance|Stock Markets|US
Stock market today: Wall Street slips and breaks an 8-day winning streak
U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year
August 20, 2024
Business|Economy|Finance
Gold extends record rally on dollar weakness, rate-cut bets
Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the
August 20, 2024
Business|Economy|Finance
Australia central bank sees near-term interest rate cut as unlikely
Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating
August 20, 2024
Asia|Business|Economy|Finance
China leaves key lending benchmarks unchanged, as expected
China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations.
August 20, 2024
Economy|Finance|News|US
Goldman Sachs lowers odds of US recession to 20% from 25%
Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25% following the latest weekly jobless claims and retail sales reports.
August 19, 2024
Business|Finance|News|Stock Markets|US
Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year
U.S. stocks climbed, and Wall Street pulled closer to its record heights following its roller coaster of a summer
August 19, 2024
Business|Economy|Finance
Thai central bank to hold rates until Q2 2025, political turmoil risks early cut - Reuters poll
The Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday and through Q1 2025 to balance growth with inflation control while assessing the
August 19, 2024
Business|Economy|Finance|Stock Markets|US
Dollar softens, yen set for weekly fall as US recession worries fade
The dollar fell against the yen on Friday, and was softer against other peers as traders took profits and investors sifted through economic data to gauge the
August 15, 2024
Business|Economy|Finance|US
US corporate bond spreads recover on promising economic data
U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground after recent strong economic data increased
August 15, 2024
Business|Economy|News
NEW REPORTS CAN HELP YOU DECIDE ON BUYING A HOUSE (4aET)
Pivotal new stats suggest a turnaround for homebuyers might be here at last, analysts say.
August 15, 2024
Business|Economy|News|US
Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report
Sales at US retailers unexpectedly surged in July, the Commerce Department reports, rising by 1% from the prior month, up from June’s downwardly revised 0.2% decline.
August 15, 2024
Business|Economy|Finance|US
US import prices edge up in July
U.S. import prices barely rose in July, extending the flow of tame inflation readings that have bolstered financial market expectations for an interest rate cut next month.
August 15, 2024
Business|Economy|Europe|Finance|Stock Markets
Data tests loom for Fed, BoE
A look at the day ahead in European and global markets from Kevin Buckland This week, and this month, are once again showing that data is king, with investors parsing recent economic releases for
August 15, 2024
Business|Economy|Finance|News|US
Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Wall Street rallied close to its record heights after data showed the U.S. economy is holding up better than expected
August 15, 2024
Economy|Finance|US
Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September
August 13, 2024
Business|Economy|Finance|US
US producer inflation slows as pricing power diminishes
U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing
August 13, 2024
Business|Economy|News
Home Depot issues a warning about the economy
Home Depot issues a warning about the economy
August 13, 2024
Business|Finance|Stock Markets|US
Stocks rise, bond yields drop on soft US PPI data
Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices increased less than expected in July, reinforcing
August 13, 2024
Business|Economy|Finance|News
Mortgage rates plunge to lowest level in more than a year
Mortgage rates plunge to lowest level in more than a year
August 08, 2024
Economy|Finance
Mexico headline inflation hits highest level in more than a year
Mexico's headline inflation rate rose again in July, reaching a level not seen in over a year, while the core index showed signs of moderation, according to data
August 08, 2024
Asia|Economy|Finance
Yen tumbles as BOJ downplays chance of hikes, calming markets
The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a
August 07, 2024
Americas|Economy|Finance
Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the
August 06, 2024
Americas|Economy|News
Mexico inflation seen ticking up in July to highest in over a year: Reuters poll
Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a
August 06, 2024
Business|Economy|Finance
US corporate bond market issuance set to slow amid market volatility
Some corporate bond issuers are expected to delay sales this week, after market volatility caused investors to trim corporate bond holdings in favor of
August 06, 2024
Economy|Finance|US
Dollar poised for comeback, recent weakness just a hiccup: Reuters poll
The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in
August 06, 2024
Economy|News|US
US recession worries surge again. What is in the data?
An unexpectedly weak U.S. employment report, featuring a post-pandemic high in the jobless rate, has rekindled worries a recession may be in the offing that
August 06, 2024
Business|Economy|Finance|News|Stock Markets|US
Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years
August 06, 2024
Business|Economy|Finance|News|US
Fed's Daly: more confident inflation is on path to 2%
San Francisco Federal Reserve Bank President Mary Daly on Monday said she is "more confident" U.S. inflation is headed toward the Fed's 2% goal.
August 05, 2024
News|US
US bond rally overdone but Fed should have cut rates in July, BlackRock manager says
A recent U.S.
August 05, 2024
Business|Economy|Finance|US
US swap spreads tighten in sign of stress
Spreads on U.S. interest rate swaps over Treasuries tightened or turned more negative on Monday as long-term investors hedged their exposure in the
August 05, 2024
Business|Economy|Finance
South African banks' earnings in spotlight ahead of first rate cuts
South African banks report their half-year earnings from Tuesday, with the focus on whether credit impairments have peaked and on the interest rate outlook,
August 05, 2024
Business|Economy|Finance|Stock Markets|US
Fed policymakers signal rate cuts ahead, but not recession
U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary
August 05, 2024
Business|Economy|Finance|News|Stock Markets|US
The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong
The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession
August 02, 2024
Business|Economy|News|US
US economy adds far fewer jobs than expected. CNN breaks down what that means
Businesses added just 114,000 jobs in July, according to Bureau of Labor Statistics data released, and the unemployment rate unexpectedly leapt to 4.3%, which is the highest since October 2021. CNN's Paula Newton reports that’s a significantly lower total than the 175,000 that economists were expecting.
August 02, 2024
Business|Economy|Finance|Stock Markets|US
Fed seen cutting rates by half a point in Sept, after weak jobs data
Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far
August 02, 2024
Business|Economy|Finance|News|US
Fed rate cuts loom large as US job market slows sharply
U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job
August 02, 2024
Business|Economy|Finance
BoE rate cut adds to sense of turnaround in sluggish UK economy
The Bank of England's first interest rate cut in more than four years will help to foster a cautious sense of optimism about Britain's long-struggling economy,
August 02, 2024
Business|Economy|News|US
Sharp slowdown in US job growth boosts unemployment rate to 4.3%
The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was
August 02, 2024
Economy|Finance|US
Dollar hits four-month low as weak US jobs data boosts rate cut bets
The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will
August 01, 2024
Asia|Economy|News
South Korea inflation ticks up in July after three months of weakening
South Korea's consumer inflation ticked up in July on supply-side pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher than
August 01, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Markets wilt as growth fears slam yields
A look at the day ahead in Asian markets.
August 01, 2024
Business|Economy|Finance|News|Stock Markets|US
US 30-year mortgage slides to lowest since February, Freddie Mac says
The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of
August 01, 2024
Business|Economy|Europe|Finance|News
Bank of England rate cut boosts comeback factor for UK markets
Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England's move to cut interest rates from a 16-
August 01, 2024
Business|Economy|Finance
Leisure vehicle makers feel the heat this summer as big-ticket spending cools
Makers of ATVs, boats and other recreational vehicles are staring at a bleak summer as caution around big-ticket purchases amid high interest rates has dashed hopes of a
August 01, 2024
Business|Economy|Finance|News|US
Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices
August 01, 2024
Business|Economy|News|US
US manufacturing gauge drops to eight-month low
A measure of U.S. manufacturing activity dropped to an eight-month low in July amid a slump in new orders, but that likely exaggerates the industry's struggles as production at
August 01, 2024
Business|Economy|Finance
Major central banks' rate cuts gather pace
The global rate cut cycle is picking up steam, with half of developed markets' central banks having begun easing, and the U.S.
August 01, 2024
Business|Economy|Finance|US
Fed nods to cut, chips rebound, BoE up next
A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve left Wall Street with little doubt about a first U.S. interest rate cut in seven weeks' time, but multiple cross-
August 01, 2024
Business|Economy|Finance|Stock Markets
BOJ sees chance wages, inflation could overshoot
The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.
August 01, 2024
Business|Europe|Finance|News|Stock Markets
Markets bet on beneficent BoE
A look at the day ahead in European and global markets from Stella Qiu All eyes are on the Bank of England today, now that the Bank of Japan delivered its second interest rate hike in 17
August 01, 2024
Economy|Finance|News|US|World
Dollar gains on geopolitical tensions, pound slips after rate cut
The dollar gained on Thursday as rising geopolitical tensions drove a safe-haven boost, while the British pound fell after the Bank of England cut interest rates
August 01, 2024
Business|Economy|Finance|News|US
What to do — and what not to do — now that the Fed is signaling lower rates
What to do — and what not to do — now that the Fed is signaling lower rates
July 31, 2024
Business|Economy|Finance|News|US
Key takeaways from the latest Fed meeting
Key takeaways from the latest Fed meeting
July 31, 2024
Business|Economy|Finance|News|US
Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years
July 30, 2024
Asia|Business|Economy|Finance|Stock Markets
BOJ lifts rates, signals slow end to historic bond buying binge
The Bank of Japan raised interest rates to levels unseen in 15 years and unveiled a detailed plan to slow its massive bond buying, taking another
July 30, 2024
Economy|Finance|News|US
US consumer confidence rises in July; inflation expectations steady
U.S. consumer confidence unexpectedly rose in July, but remained in the tight range of the past two years amid lingering worries about inflation and higher borrowing costs.
July 30, 2024
Business|Economy|Finance|US
US job openings fall marginally, consumers less upbeat on the labor market
U.S. job openings fell modestly in June and data for the prior month was revised higher, suggesting the labor market continued to gradually slow and was not in
July 30, 2024
Business|Economy
American consumers feeling more confident in July as expectations of future improve
American consumers felt more confident in July as expectations over the near-term future rebounded
July 30, 2024
Asia|Business|Economy|Europe|Stock Markets
Oil slips and equities ease in pre-Fed drift
A look at the day ahead in European and global markets from Tom Westbrook Oil prices slipped as worries about the demand outlook weighed broadly on commodities, while Asian equities and European stock
July 30, 2024
Business|Economy|Finance
Surging yen upends popular global FX carry trades
A perfect storm of political, policy and technical risks has upended one of the year's most popular currency trades, sending
July 29, 2024
Business|Economy|Finance|News|US
Global economy's growing resilience at odds with rate cut expectations: Reuters poll
Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher
July 29, 2024
Business|Economy|Finance|News|US
Fed likely to hold rates steady one last time as inflation fight finale unfolds
The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as
July 29, 2024
Business|Economy|Finance|US
The Fed nears its 2% solution after a punishing bout of rising prices
Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.
July 29, 2024
Business|Europe|Finance|Stock Markets
European shares close lower in lead-up to Fed, earnings
European shares ended a touch lower on Monday as investors remained risk averse at the start of an earnings-packed week, while global risk events such
July 29, 2024
Business|Economy|Finance
Smart moves to make when the Fed starts cutting rates
Smart moves to make when the Fed starts cutting rates
July 27, 2024
Business|Economy|Finance|News|Stock Markets|US
Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September
July 26, 2024
Business|Economy|Europe|Finance
ECB's Schnabel still sees tough 'last mile' in inflation fight
The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member
July 26, 2024
Economy|Finance|News|US
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September
July 26, 2024
Business|Economy|Finance|US
Cooling US inflation bolsters September rate cut hopes
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation
July 26, 2024
Economy|Europe|Finance
Euro zone consumers stopped lowering inflation expectations in June
Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.
July 26, 2024
Business|Economy|News|Stock Markets|US
Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies
July 26, 2024
Business|Economy|Finance|News|Stock Markets|US
US inflation data lifts global stocks, lowers Treasury yields
A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an
July 26, 2024
Business|Economy|Finance
Bank of Canada pivots to boosting economic growth, raising rate cut bets
The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest
July 25, 2024
Business|Economy|Finance|News|Stock Markets
Small stocks are about to take over? Wall Street has heard that before.
After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently
July 25, 2024
Business|Economy|News|US
US weekly jobless claims fall more than expected
The number of Americans filing new applications for unemployment benefits fell more than expected last week as distortions from the weather and temporary automobile plant
July 25, 2024
Business|Economy|Finance|News|Stock Markets|US
Fed seen holding rates steady in July, start cuts in Sept
Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point
July 25, 2024
Africa|Economy|Finance
Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll
Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse
July 25, 2024
Asia|Business|Economy|Finance|News
Market analysts react to surprise rate cut in China
China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.
July 25, 2024
Business|Economy|Finance|News
INSTANT VIEW: Bank of Canada cuts rates again
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation
July 24, 2024
Business|Economy|Europe|Finance
Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll
The Bank of England will trim Bank Rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it
July 24, 2024
Business|Economy|Finance|News|Stock Markets
Bank of Canada cuts rates, sees weaker economy in 2024
The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said
July 24, 2024
Asia|Business|Economy|Finance
Sri Lanka cuts rates to stimulate economic recovery
Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country's
July 24, 2024
Asia|Business|Economy|Finance|News
Some members on Japan panel urge BOJ to raise rates to counter weak yen
The Bank of Japan must raise interest rates to prevent excessive declines in the yen, private-sector members of a key government council said at a meeting last week where Governor
July 24, 2024
Asia|Economy
South Korean consumers turn most optimistic in 27 months
South Korea's consumer sentiment in July was the most optimistic in 27 months, with a brighter spending outlook due to easing inflation concerns, a central bank survey showed on
July 23, 2024
Business|Economy|Finance|News|Stock Markets
Energy sector drags TSX lower head of BoC rate decision
Canada's main stock index fell on Tuesday as a drop in oil prices weighed on energy shares, but the move was limited ahead of a potential interest rate cut by the Bank of
July 23, 2024
Asia|Australia|Business|Finance|Stock Markets|US
Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
Asian stocks are mostly lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies
July 23, 2024
Asia|Business|Economy|Finance
South Korea's economic growth likely slowed sharply in second quarter: Reuters poll
After more than a year of moderate expansion, South Korea's economic growth likely slowed to a near halt last quarter as higher borrowing costs held back
July 23, 2024
Business|Economy|Finance|News|Stock Markets
Interest rate sensitive shares lift TSX ahead of BoC decision
Canada's main stock index rose on Monday, with the real estate and utilities sectors leading a broad-based rally ahead of an expected interest rate cut this week by the Bank
July 22, 2024
Business|Lifestyle|Technology
It’s becoming harder to get — and keep — a car
It’s becoming harder to get — and keep — a car
July 22, 2024
Economy|Europe|Finance|News
Bundesbank flags risks to bringing down inflation
Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate
July 22, 2024
Business|Economy|Finance|News|US
Fed may be on cusp of emerging from 'elevated' inflation blues
In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and
July 22, 2024
Business|Economy|Europe|Finance
ECB's Kazimir opens door to two more rate cuts
European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.
July 22, 2024
Asia|Business|Economy|Finance
Japan's budget request to exceed $698 billion for fourth straight year, draft shows
Japanese ministries' budget demand for the next fiscal year is likely to exceed 110 trillion yen ($698 billion) for the fourth straight year, according to a
July 22, 2024
Economy|Europe|News
Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows
Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank's 2% target by 2026%, an ECB survey showed on Friday.
July 19, 2024
Business|Economy|Finance|US
Fed faces wave of data before deciding on end-of-summer rate cut
Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said
July 19, 2024
Business|Economy|Europe|Finance
ECB policymakers back more rate cuts as inflation heads back to goal
Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.
July 19, 2024
Business|Economy|Europe|Finance|News|US
First to hike, last to cut? BoE caution cossets pound: Mike Dolan
First to hike, first to hit its inflation target - and the last to cut?
July 19, 2024
Asia|Economy|Finance|News
BOJ to forego July rate hike, over three-quarters of economists say: Reuters poll
The Bank of Japan will skip raising interest rates at its policy-setting meeting at the end of July as it looks to boost tepid economic growth, more than three-
July 19, 2024
Economy
ECB hawks open to September rate cut if data supports it, sources say
Even some of the European Central Bank's more hawkish policymakers are open to an interest rate cut in September, provided incoming data confirm that disinflation is continuing,
July 18, 2024
Economy|Europe|Finance|Stock Markets
Euro holds firm after ECB leaves options open for Sept cut
The euro held steady on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged, and did not signal a cut in September was
July 18, 2024
Business|Economy|Europe|Finance|Stock Markets
Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'
The European Central Bank kept interest rates unchanged on Thursday, and gave no hints as to what investors might expect at its next meeting, saying September was "wide open" and
July 18, 2024
Business|Economy|Finance
India cenbank pegs natural rate higher, analysts caution on policy easing
India's central bank said on Thursday that the economy's natural rate of interest has increased since the pandemic and will rise further, driven by the growth of
July 18, 2024
Economy|Europe|Finance
European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again
July 18, 2024
Business|Economy|Finance|News
UK pay growth slows but remains high for Bank of England
Wages in Britain grew a bit more slowly but still increased at a pace that would normally be too strong for the Bank of England, leaving in doubt
July 18, 2024
Business|Economy|News|US
Oil prices steady as US rate-cut hopes contend with economic slowdown signals
Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with
July 18, 2024
US
Top Fed officials say they are 'closer' to cutting interest rates
By Howard Schneider and Michael S.
July 17, 2024
Asia|Business|Economy|Finance
Mixed global signals, Indonesia rate call eyed
A look at the day ahead in Asian markets.
July 16, 2024
Economy|Finance|News|US
Fed's Kugler cautiously optimistic inflation headed to 2% target
Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank's 2% target, with goods,
July 16, 2024
Business|Economy|Finance|News
New inflation warning: Get used to high interest rates, IMF says
New inflation warning: Get used to high interest rates, IMF says
July 16, 2024
Business|Economy|News|US
US retail sales report showcases consumer, economic resilience
U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience
July 16, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record
July 16, 2024
Business|Economy|Finance|US
Investors are optimistic but wary of geopolitics, BofA says
Expectations U.S. interest rates will fall, preventing a hard landing for the economy, has kept investors bullish, although geopolitics pose the biggest risk to that
July 16, 2024
Business|Economy|Finance
Canadian firms keep investments in check despite rate cut expectations
Canadian businesses expect interest rates to come down by as much as 100 basis points over the next year but their willingness to invest is below
July 15, 2024
Business|Economy|Finance|US
Powell opens key week of Fedspeak as rate cut case develops
Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of
July 15, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Asian stocks are mixed after Dow sets a new record
Asian stocks are mixed as investors grappled with the weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing
July 15, 2024
Asia|Economy|Finance
China central bank leaves medium-term rate unchanged as expected
China's central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans.
July 15, 2024
Business|Economy|Finance|News
Asking prices for UK homes fall as buyers await BoE rate cut, Rightmove says
Asking prices for British homes coming to the market fell this month, with signs that some buyers are waiting for the Bank of England to cut interest rates, a survey from
July 14, 2024
Economy|Finance|US
US producer price data points to subsiding inflation pressures
U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal
July 12, 2024
Economy|Finance|News|US
US wholesale inflation picked up in June in sign that some price pressures remain elevated
Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated
July 12, 2024
Business|Economy|Finance|US
Big bank quarterly results show signs of consumers slowing down spending
Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday
July 12, 2024
Business|Economy|Finance|US
Global bond funds see hefty inflows on expectations of rate cut
Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing
July 12, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates
U.S. stocks rose after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way
July 12, 2024
Asia|Business|Economy|Finance|News
Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll
Japan's core consumer inflation probably picked up in June for a second straight month, a Reuters poll of 18 economists showed, keeping the central bank under
July 12, 2024
Economy|Finance|US
PRICES DROP FOR THE FIRST TIME SINCE START OF PANDEMIC (3pET)
The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest report.
July 11, 2024
Economy|Finance|US
Instant view- Tame US June CPI smoothes path for Fed ease
U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal
July 11, 2024
Business|Economy|Finance|US
US weekly jobless claims fall more than expected
The number of Americans filing new applications for unemployment benefits dropped more than expected last week, but volatility around this time of the year as automobile
July 11, 2024
Economy|Finance|US
June price drop may shorten the Fed's last mile on inflation
The "last mile" of the Federal Reserve's battle against inflation may have shortened to a last lap after U.S. consumer prices unexpectedly fell in
July 11, 2024
Business|Economy|Finance
Portfolio managers expect worse credit conditions in Q3, survey shows
Portfolio managers at the world's largest global financial institutions expect credit conditions to worsen over the next three months, according to a survey by the
July 11, 2024
Economy|Europe|Finance
ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows
The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a strong majority of economists polled by
July 11, 2024
Business|Economy|Europe|News
UK housing market stays muted but optimism builds, RICS survey shows
Britain's housing market remained soft in June but surveyors were more positive about the outlook following this month's parliamentary elections and with interest rates likely to
July 11, 2024
Asia|Economy|Finance|US
Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll
Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S.
July 11, 2024
Business|Economy|Finance|Stock Markets|US
Global stock index falls with bond yields, dollar after US inflation data
A global index of stocks edged down and bond yields fell on Thursday after U.S. inflation data boosted bets on interest-rate cuts while the
July 11, 2024
Asia|Business|Economy|Finance
Bank of Korea weighs rate cut timing as it delivers dovish hold
South Korea's central bank said it was time to prepare for a pivot to interest rate cuts but more evidence is needed to strengthen confidence that
July 10, 2024
Asia|Finance|News
US inflation report to set the tone
A look at the day ahead in Asian markets.
July 10, 2024
Economy|Finance|News|US
Is inflation still cooling? Thursday's report on June prices will provide clues
Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases
July 10, 2024
Finance|Stock Markets|US
Rate cut prospects could bolster US stocks as investors await earnings, elections
The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in U.S. stocks that may soon be tested by
July 10, 2024
Business|Economy|Europe|Finance
Turning the corner in the inflation fight
A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering an era of lower rates, after
July 10, 2024
Business|Economy|Finance|News|Stock Markets|World
New Zealand central bank maintains cash rate, signals potential for future easing
New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, but opened the door to monetary policy becoming less restrictive over time should
July 10, 2024
Asia|Business|Finance|News|US
Debating the fate of rates
A look at the day ahead in Asian markets. Is a U.S. interest rate cut coming? If so, when?
July 09, 2024
Business|Economy|Finance|News|US
Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates
July 09, 2024
Business|Economy|News|US
US economy no longer overheated, Fed's Powell tells Congress
The U.S. is "no longer an overheated economy" with a job market that has cooled from its pandemic-era extremes and in many ways is back where
July 09, 2024
Business|Economy|Finance|Stock Markets|US
Global equities edge down, bond yields up with Fed in focus
MSCI's global equities index bumped around in a narrow range while edging lower on Tuesday while U.S. Treasury yields rose after U.S.
July 09, 2024
Uncategorized
NY Fed finds moderating near-term inflation expectations in June
By Michael S.
July 08, 2024
Business|Economy|Finance|News
Bank of England's Haskel says he wants to keep interest rates on hold
Bank of England policymaker Jonathan Haskel said on Monday that he does not want to cut interest rates from their current 16-year high as
July 08, 2024
Business|Economy|Finance|US
S&P 500 and Nasdaq notch record highs; chipmakers climb
The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome
July 08, 2024
Asia|Business|Economy|Finance|News
Bank of Japan signals progress in wage, price hikes
The Bank of Japan said wage hikes were broadening across the economy due to tight labour market conditions, signalling its confidence the country was making progress
July 08, 2024
Business|Economy|Finance
Fewer UK companies plan to increase prices, survey shows
Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of
July 07, 2024
Economy|News|US
US inflation easing, job market similar to pre-pandemic conditions, Fed report says
Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray,
July 05, 2024
Election|Finance|News|US
Bond market re-focus on US elections throws wrench into 2024 rally hopes
A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches.
July 05, 2024
Asia|Business|Economy|Finance|Stock Markets
BOJ report to reveal broadening wage rise trend, sources say
The Bank of Japan will highlight how wage hikes are broadening across companies, including at smaller firms, in a report later this month, sources familiar with its
July 05, 2024
Economy|Finance|News|US
Dollar stays lower after US jobs data; euro up ahead of French election
The U.S. dollar index stayed slightly lower on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose,
July 05, 2024
Business|Economy|Finance
Bank of Israel firmly on hold next week, possibly until 2025: Reuters poll
The Bank of Israel will hold the line on short-term interest rates for a fourth straight meeting next week and perhaps until 2025 because of the war in Gaza,
July 04, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Asian stocks draw robust foreign inflows on US rate outlook, tech rally
Foreign investors channelled massive money into Asian equities in June, after two months of selling, as easing U.S. price pressures raised hopes that the Federal Reserve
July 04, 2024
Asia|Economy|Finance
Bank of Korea says it targets inflation rate, not prices
South Korea should try to address the country's high prices through structural reforms, a Bank of Korea official said, as the central bank mainly targets
July 04, 2024
Economy|Finance|News|US
Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling
July 03, 2024
Business|Economy|Finance|News|US
Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May
July 03, 2024
Business|Economy|US
US weekly jobless claims rise as labor market gradually slows
First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high
July 03, 2024
Business|Economy|Finance|News|US
US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week
The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates
July 03, 2024
Business|Finance|Technology
S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy
July 03, 2024
Asia|Business|Stock Markets|Technology
Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
Asian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records
July 03, 2024
Election|Europe|Political
Twitchy, Truss-scarred UK bond market awaits a Labour government
A bond market crisis that rocked Britain's economy two years ago cast a long shadow over the country's election and will linger as Keir Starmer's Labour government
July 03, 2024
Asia|Economy|Finance|News
BOJ debated need for timely rate hike, signals chance of July action
The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase "without too much delay" to address risks
July 03, 2024
Business|Economy|Finance|News|US
Fed's Daly: inflation not the only risk, policy must 'exhibit care'
The Federal Reserve must "exhibit care" as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Monday, noting that
July 03, 2024
Economy|Finance|News|US
Housing remains a puzzle in Fed's inflation fight
Federal Reserve officials throughout this year had pinned their hopes for falling inflation in part on an expected easing of U.S. housing price increases
July 02, 2024
Business|Finance|MidEast|News|Stock Markets
Stocks slip as Treasuries graze 5%, Middle East war rages
Stocks tumbled on Thursday, under pressure from investor caution over the Middle East conflict and from the largest one-week rise in 10-year Treasury yields in 18
July 02, 2024
Business|Economy|Finance|US
10-yr Treasury yield hits 5%, stocks at seven-month lows
The benchmark 10-year Treasury yield rose above 5% and to its highest since 2007 on Monday, as a roaring U.S. economy led investors to expect
July 02, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Wall Street ends lower on mixed earnings, robust data
U.S. stocks tumbled on Thursday, dragged by tech and tech-adjacent megacap shares as investors digested mixed quarterly earnings and signs of economic resiliency
July 02, 2024
Business|Economy|Finance|Stock Markets|US
US dollar falls as markets believe Fed is done hiking rates
The U.S. dollar fell against most currencies on Wednesday as investors perceived that Federal Reserve Chairman Jerome Powell's statements after its two
July 02, 2024
Economy|Finance|US
Second home sales slide in pandemic-era vacation hot spots
U.S. vacation home sales have fallen by nearly three-quarters from their frenzied pace three years ago as an inventory shortage spawns a wrenching correction in
July 02, 2024
Economy|Finance|US
Fed keeps rates unchanged, acknowledges economy is 'strong'
The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that
July 02, 2024
Asia|Business|Finance|Stock Markets|World
Asian stocks hit 2-month high on Wall St rally, Fed view
Asian shares climbed to fresh two-month highs on Tuesday, boosted by a rally on Wall Street while the dollar languished near its lowest in two-and-a-half months
July 02, 2024
Business|Economy|Europe|Finance|News|Stock Markets
Analysis-Market pushback on central banks' rates view just got louder
A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets on interest rate cuts in
July 02, 2024
Business|Finance|Stock Markets|US
S&P 500 posts longest weekly winning streak since 2017; ends flat on day
The S&P 500 ended little changed on Friday but registered a seventh straight week of gains in its longest weekly winning streak since 2017 after this
July 02, 2024
Business|Economy|Finance|News|US
Exclusive-Fed's Bostic sees two rate cuts in 2024, likely starting in third quarter
The Federal Reserve can begin reducing interest rates "sometime in the third quarter" of 2024 if inflation falls as expected, Atlanta Fed President Raphael
July 02, 2024
Business|Economy|Finance|US
Explainer: Charting the Fed's economic data flow
Federal Reserve officials project the U.S. central bank will cut its benchmark overnight interest rate during 2024, but the timing and pace of the reductions in borrowing costs will depend
July 02, 2024
Economy|Finance|News|US
Rising shelter, healthcare costs lift US consumer inflation in December
U.S. consumer prices increased more than expected in December, with Americans paying more for shelter and healthcare, suggesting it was probably too early for
July 02, 2024
Business|Economy|Finance|News|Stock Markets|US
Marketmind: Rate cut bets outweigh caution in risk-laden week
A look at the day ahead in U.S. and global markets from Naomi Rovnick.
July 02, 2024
Business|Economy|Finance|US
Fed's faith in 'immaculate disinflation' narrative put to the test
The Federal Reserve will conclude a two-day policy meeting on Wednesday, with officials parsing evidence of slowing inflation alongside continued labor
July 02, 2024
Economy|Finance|US
US labor costs growth slows in fourth quarter
U.S. labor costs rose less than expected in the fourth quarter, leading to the smallest annual increase in two years, signs of moderating wage inflation that could give the
July 02, 2024
Economy|Finance|News|Stock Markets|US
Fed holds rates steady, says more confidence needed in inflation slowdown
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns
July 02, 2024
Asia|Business|Finance|Stock Markets|US
Asia ponders Fed fallout, bonds still bullish on rate cuts
Asian shares faltered on Thursday after Wall Street took a late spill, while investors stuck to bets for sizable cuts in U.S. interest rates this year even if the kick
July 02, 2024
Business|Economy|Finance|US
US worker productivity strong in fourth quarter; weekly jobless claims rise
U.S. worker productivity grew faster than expected in the fourth quarter, keeping unit labor costs contained and giving the Federal Reserve another boost in the fight against
July 02, 2024
Economy|Finance|News|US
US consumer prices rise more than expected in January
U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectations
July 02, 2024
Business|Economy|Finance|US
Fed still on track even if inflation's path down is bumpy -Goolsbee
The Federal Reserve's path back to its 2% inflation target rate would still be on track even if price increases run a bit hotter-than-expected over the next few months,
July 02, 2024
Business|Economy|Finance|Stock Markets|US
Futures slip on fading rate cut hopes; retailers' earnings in focus
U.S. stock index futures slipped on Tuesday as hopes for early interest rate cuts from the Federal Reserve waned, while investors geared up for quarterly earnings from U.S. retail giants
July 02, 2024
Asia|Business|Economy|Finance|News|Stock Markets|US
Asia shares pause ahead of inflation feast
Asian shares were taking a breather near seven-month highs on Monday as investors awaited inflation data from the United States, Japan and Europe that will help refine
July 02, 2024
Business|Economy|Finance|US
US services sector cools in February - ISM survey shows
U.S. services industry growth slowed a bit in February amid a decline in employment, but a measure of new orders increased to a six-month high, pointing to underlying strength
July 02, 2024
Business|Economy|Finance|US
Fed to start rate cuts in June; risk fewer delivered this year- Reuters poll
The U.S.
July 02, 2024
Asia|Business|Economy|Finance|Stock Markets
Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter
Asian stocks nudged higher on Tuesday ahead of the influential U.S. inflation report, while Japanese shares fell and the yen firmed on rising expectations that
July 02, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Stocks stride past US inflation to milestone highs
Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as investors mostly shrugged off slightly hotter-than-expected
July 02, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Asian stocks jump as US sticks to rate cut plan
Asian shares bounced while gold prices and Japan's Nikkei jumped to record highs on Thursday after the U.S.
July 02, 2024
Business|Economy|Finance|US
Fed's Bostic scales back to single rate cut on the year, versus two previously
Atlanta Federal Reserve bank President Raphael Bostic said on Friday he now expects just a single quarter-point interest rate cut this year versus two cuts that he had projected
July 02, 2024
Asia|Business|Economy|Finance|Stock Markets
Stocks hemmed in by rate risks; yuan wobbles
Asian equities climbed on Tuesday but could not break this month's highs as mixed messages from U.S.
July 02, 2024
Economy|Finance|US
Japan's yen tumbles to 34-year low; US dollar gains after inflation data
The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in
July 02, 2024