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Today: December 19, 2024
Today: December 19, 2024

interest rates

Australia|Business|Economy|Health

Australia's hot jobs market keeps rate cuts out of reach

Australia's world-beating labour market is one of the main obstacles stopping the country's central bank from joining global peers in reversing the most aggressive

Australia's hot jobs market keeps rate cuts out of reach
Economy|Finance|US

Average rate on a 30-year mortgage in the US slips to 6.81%

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks

Average rate on a 30-year mortgage in the US slips to 6.81%
Economy|Finance|US

US economy holds firm in early Q4; inflation stuck above Fed's target

U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth

US economy holds firm in early Q4; inflation stuck above Fed's target
Business|Economy|US

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows
Africa|Economy|Finance

Mozambique central bank cuts key rate for sixth time in 2024

Mozambique's central bank cut its main interest rate by 75 basis points on Wednesday, the sixth cut in a row, as inflation remains subdued in the southern African country.

Mozambique central bank cuts key rate for sixth time in 2024
Business|Economy|Finance|Stock Markets

New Zealand cuts rates by 50 bps, flags further easing

New Zealand's central bank cut rates for a third time in four months on Wednesday and flagged more substantial easing, including a likely half percentage point

New Zealand cuts rates by 50 bps, flags further easing
Asia|Australia|Business|Economy|Finance|World

Australia monthly inflation steady in October, core ticks higher

Australia's consumer price inflation rate stayed at a three-year low in October as government rebates drove electricity and rent prices down, though core inflation picked up in a

Australia monthly inflation steady in October, core ticks higher
Economy|Finance

Brazil inflation overshoots forecasts, economists see higher rate hikes

Brazil's consumer prices rose more than expected in the month to mid-November, data from statistics agency IBGE showed on Tuesday, fueling bets that the central bank may

Brazil inflation overshoots forecasts, economists see higher rate hikes
Economy|Europe|US

ECB's Villeroy: Trump policies impact on euro inflation to be limited

The new Trump administration's economic policies in the U.S. may have a "relatively limited" effect on European inflation but could have a more noticeable impact on long-term

ECB's Villeroy: Trump policies impact on euro inflation to be limited
Economy|Europe|Finance

ECB will keep cutting rates and focus shifting to growth, VP says

The European Central Bank will keep cutting interest rates as inflation falls and its focus is slowly shifting to growth, which is proving fragile, ECB Vice President Luis de

ECB will keep cutting rates and focus shifting to growth, VP says
Economy|Finance

Mexico's cooling inflation and economy growth drive expectations of further rate cuts

Mexico's statistics agency INEGI released data on Friday showing that inflation slowed more than expected, while growth exceeded forecasts, opening the

Mexico's cooling inflation and economy growth drive expectations of further rate cuts
Europe|Finance

More ECB cuts are coming but Dec discussion must wait, Nagel says

Friday's unexpectedly weak survey on the health of the German economy merely confirm the country's predicament and discussion on the possible size of the next ECB interest rate

More ECB cuts are coming but Dec discussion must wait, Nagel says
Americas|Economy|Finance

Mexico's economy up 1.1% in the third quarter

Mexico's economy expanded 1.1% in the third quarter compared to the April-June period, national statistics agency INEGI said on Friday, almost in line with the 1.0% increase expected by

Mexico's economy up 1.1% in the third quarter
Business|Economy|Europe

Euro zone business activity falls sharply in November, survey shows

Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc's dominant services industry contracted and manufacturing sank

Euro zone business activity falls sharply in November, survey shows
Business|Economy|Finance

Japan's inflation holds above BOJ target, fanning Dec rate hike bets

Japan's core inflation in October held above the central bank's 2% target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping

Japan's inflation holds above BOJ target, fanning Dec rate hike bets
Economy|Finance|US

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July

Average rate on a 30-year mortgage in the US rises to highest level since July
Business|Economy|Finance|US

America's $7 trillion cash stash isn't going anywhere: McGeever

A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs).

America's $7 trillion cash stash isn't going anywhere: McGeever
Asia|Economy

Sri Lanka's inflation rate drops to minus 0.7% in October

Sri Lanka's consumer price inflation reached minus 0.7% year-on-year in October after easing to minus 0.2% in September, official data showed on Thursday, as the island

Sri Lanka's inflation rate drops to minus 0.7% in October
Economy|Finance|US

Dollar rises after claims data, bitcoin continues rally

The dollar rose to a 13-month high in choppy trading on Thursday as investors assessed the latest labor market data and comments from Federal Reserve officials

Dollar rises after claims data, bitcoin continues rally
Economy|Finance

New Zealand Treasury likely to cut economic and fiscal forecasts, official says

New Zealand's Treasury said on Thursday it would likely cut its economic and fiscal forecasts because of a sustained productivity slowdown in the economy.

New Zealand Treasury likely to cut economic and fiscal forecasts, official says
Economy|Finance|US

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
Business|Economy|Finance|US

Non-recessionary rate-cutting cycle should support credit, Pinebridge says

Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support

Non-recessionary rate-cutting cycle should support credit, Pinebridge says
Economy|Finance|US

Fed's Bowman calls for cautious approach on interest rates

Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a cautious approach to any further interest rate cuts, noting

Fed's Bowman calls for cautious approach on interest rates
US

Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll

The U.S.

Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll
Africa|Economy|Finance

South Africa inflation drops to lowest in over four years

South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday,

South Africa inflation drops to lowest in over four years
Economy

Higher energy bills push UK inflation to 6-month high in October

Inflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year

Higher energy bills push UK inflation to 6-month high in October
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

Nearly 1 million UK workers are uncounted, think tank says
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Asia|Finance

Seeking global steer, watching Fed pendulum swings

A look at the day ahead in Asian markets. 

Seeking global steer, watching Fed pendulum swings
Economy|Finance

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah

Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah
Economy|Europe|Finance

European shares stall as real estate stocks weigh

European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European

European shares stall as real estate stocks weigh
Business|Economy|Europe|Finance|Stock Markets

BOJ open to tightening, mum on timing

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

BOJ open to tightening, mum on timing
Asia|Business|Election|Finance

Stock market today: Wall Street rises following last week's slide

Most U.S. stocks ticked higher to recover some of their sharp slide from last week

Stock market today: Wall Street rises following last week's slide
Asia|Business|Economy|Finance

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table

Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low,

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table
Business|Economy|Finance|Stock Markets|US

Most Gulf markets fall on Fed rate cut concerns

Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts.

Most Gulf markets fall on Fed rate cut concerns
Business|Economy|US

Solid US retail sales in October underscore economy's resilience

U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the

Solid US retail sales in October underscore economy's resilience
Business|Economy|Finance

UK inflation worries tick up after big-spending budget and Trump win

Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a global trade war triggered by U.S.

UK inflation worries tick up after big-spending budget and Trump win
Economy|Finance|US

Dollar notches weekly gain as traders reassess rate cut expectations

The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate

Dollar notches weekly gain as traders reassess rate cut expectations
Business|Economy|Finance|Stock Markets|US

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economy|Finance|US

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb

The average rate on a 30-year mortgage in the US slips to 6.78%
Business|Economy|US

US weekly jobless claims fall; unemployment rolls shrink

The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job

US weekly jobless claims fall; unemployment rolls shrink
Europe|Finance

ECB divided on risk of excessively weak inflation, accounts show

A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of excessively low price

ECB divided on risk of excessively weak inflation, accounts show
Business|Economy|Finance

UK house price growth quickens but budget clouds outlook, RICS survey shows

British house prices rose in October at the fastest pace in more than two years, according to a survey that on Thursday that mostly reflected sentiment before finance minister Rachel

UK house price growth quickens but budget clouds outlook, RICS survey shows
Business|Economy|Finance|Stock Markets

Banks flood US debt market in biggest single-day raise since 2016, BMO says

Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as

Banks flood US debt market in biggest single-day raise since 2016, BMO says
Business|Economy|Finance|US

Fed officials wary of inflation risks as they weigh more rate cuts

After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as

Fed officials wary of inflation risks as they weigh more rate cuts
Economy|Finance|US

Oct CPI inflation up modestly, as expected

U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the

Oct CPI inflation up modestly, as expected
Economy|Finance|US

Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025

U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months

Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
Business|Economy|Finance|Stock Markets

All eyes on CPI

A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S.

All eyes on CPI
Economy|Europe|Finance

Bank of England's Mann sees inflation pressure keeping rates high

High inflation in Britain has not been vanquished and it is more likely to overshoot than undershoot Bank of England forecasts over the medium term, BoE interest

Bank of England's Mann sees inflation pressure keeping rates high
Asia|Business|Economy

Indonesian bankers say growth, inflows could be hit by Trump's policies

Indonesia's growth and portfolio investment could be hit if planned policies of U.S.

Indonesian bankers say growth, inflows could be hit by Trump's policies
Business|Economy|Europe|Finance|Stock Markets|Technology|US

European shares edge lower as energy gains offset real estate, tech losses

European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising energy shares countered real estate losses,

European shares edge lower as energy gains offset real estate, tech losses
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street drifts to a mixed finish after an inflation update

U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates

Stock market today: Wall Street drifts to a mixed finish after an inflation update
Economy|Finance

US inflation rose slightly last month after 2 years of steady cooling but remained low

Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021

US inflation rose slightly last month after 2 years of steady cooling but remained low
Business|Economy|Finance

Larry Summers sounds the alarm bell on inflation — before Trump even takes office

Larry Summers sounds the alarm bell on inflation — before Trump even takes office

Larry Summers sounds the alarm bell on inflation — before Trump even takes office
Business|Economy|Finance

Australia Oct business sentiment highest in nearly two years, NAB survey shows

Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday.

Australia Oct business sentiment highest in nearly two years, NAB survey shows
Business|Economy|Finance

Dampening corporate mood, rising bankruptcies cloud BOJ's rate hike path

Japan's service-sector sentiment worsened and bankruptcy cases rose in October, data showed on Monday, casting doubt on the central bank's view the country was on

Dampening corporate mood, rising bankruptcies cloud BOJ's rate hike path
Economy|Finance

RBNZ's unusually long summer break argues for extra insurance on rates

New Zealand's central bank will be under greater pressure to ease policy aggressively this month as its rate meeting calendar leaves an unusually long three-month gap until

RBNZ's unusually long summer break argues for extra insurance on rates
Business|Election|Finance|US

Global money market funds saw large inflows on election caution

Global money market funds attracted sharp inflows in the week to Nov. 6 as investors sought safety ahead of the U.S. presidential election and the Federal Reserve's policy meeting.

Global money market funds saw large inflows on election caution
Australia|Business|Finance|Stock Markets

Australian lender ANZ's annual profit shrinks as late repayments rise

ANZ, Australia's No. 4 lender by mortgages, said annual profit tumbled as fierce competition ate away margins while late loan repayments surged,

Australian lender ANZ's annual profit shrinks as late repayments rise
Business|Economy|Finance|MidEast|US

Most Gulf central banks follow Fed lead and cut key interest rates

Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's decision to reduce

Most Gulf central banks follow Fed lead and cut key interest rates
Business|Economy|Finance|US

US weekly jobless claims rise marginally; unit labor costs stir inflation fears

The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and

US weekly jobless claims rise marginally; unit labor costs stir inflation fears
Economy|Election|Finance|Stock Markets|US|World

Fed and BOE decide as US House awaited, Germany jarred

A look at the day ahead in U.S. and global markets from Mike Dolan World stocks and bond yields pushed higher after Donald Trump's clear U.S. election win and a collapse of Germany's coalition redrew

Fed and BOE decide as US House awaited, Germany jarred
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy

Stock market today: Most of Wall Street rises after the Fed cuts interest rates
Economy|Finance|US

Why Trump’s return could spark another bout of inflation and delay interest rate cuts

Why Trump’s return could spark another bout of inflation and delay interest rate cuts

Why Trump’s return could spark another bout of inflation and delay interest rate cuts
Economy|Election|Finance|Stock Markets|US

Trump's election victory puts Fed on path for fewer rate cuts

U.S.

Trump's election victory puts Fed on path for fewer rate cuts
Business|US|World

US yields post sharp gains as Trump victory triggers caution about deficits

U.S.

US yields post sharp gains as Trump victory triggers caution about deficits
Uncategorized

Markets more confident Fed balance sheet drawdown has room to run

By Michael S.

Markets more confident Fed balance sheet drawdown has room to run
Business|Economy

Canada's services PMI shows return to growth in October

Canada's services economy expanded for the first time in five months in October as the amount of new business increased and confidence in the outlook improved, S&P

Canada's services PMI shows return to growth in October
Business|Economy|Finance|World

Pakistan central bank cuts rates by record 250 bp, beating expectations

Pakistan's central bank cut its key policy rate by a record 250 basis points to 15% on Monday, exceeding expectations, as the country bid to revive a sluggish

Pakistan central bank cuts rates by record 250 bp, beating expectations
Business|Economy|Finance|US|World

The world is about to get some much-needed clarity on the US economy’s future

The world is about to get some much-needed clarity on the US economy’s future

The world is about to get some much-needed clarity on the US economy’s future
Election|Finance|US

Federal Reserve is set to cut rates again while facing a hazy post-election outlook

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year

Federal Reserve is set to cut rates again while facing a hazy post-election outlook
Business|Economy|Finance|US

Recent data has kept Fed rate view, soft landing, intact

A data-heavy week has kept the U.S.

Recent data has kept Fed rate view, soft landing, intact
Business|Economy|Finance|US

Fed seen on track for 25-basis-point rate cuts next week and in December 

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their

Fed seen on track for 25-basis-point rate cuts next week and in December 
Business|Economy|US

Weak US Oct payrolls growth skewed by storms, strikes

U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that

Weak US Oct payrolls growth skewed by storms, strikes
Business|Economy|Finance

UK house prices edge up in October, Nationwide says

British house prices rose by a marginal 0.1% in October, slowing sharply from a 0.6% monthly increase in September but the market remained resilient and was likely to gain momentum

UK house prices edge up in October, Nationwide says
Business|Economy|Finance|US

Dollar rebounds after weak jobs data; traders eye US election

The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth

Dollar rebounds after weak jobs data; traders eye US election
Business|Economy|Europe|Finance

Ukraine holds key rate at 13% as inflationary pressure grows

Ukraine's central bank kept its main interest rate unchanged at 13% on Thursday, in line with market expectations, and said it would remain cautious in the coming

Ukraine holds key rate at 13% as inflationary pressure grows
Business|Economy|Finance|US

Canada's economy stalls in August; central bank's Q3 growth forecast in doubt

Canada's economy is likely to miss the Bank of Canada's revised third-quarter forecast after a slew of temporary factors stalled gross domestic

Canada's economy stalls in August; central bank's Q3 growth forecast in doubt
Business|Finance|Stock Markets|US

Megacaps spooked, world bonds on edge

A look at the day ahead in U.S. and global markets from Mike Dolan Cloudy outlooks from U.S. megacaps Microsoft and Meta combined with edgy government bond markets around the world to unsettle

Megacaps spooked, world bonds on edge
Business|Economy|Europe|Finance

ECB's Panetta warns rate policy mustn't push inflation too low

The European Central Bank must avoid the risk of cutting interest rates too slowly and lowering inflation excessively, Governing Council Member Fabio Panetta said on Thursday.

ECB's Panetta warns rate policy mustn't push inflation too low
Asia|Business|Economy|Finance|Stock Markets

BOJ keeps policy steady, leaves door open for near-term rate hike

The Bank of Japan maintained ultra-low interest rates on Thursday but said risks around the U.S. economy were somewhat subsiding, signalling that

BOJ keeps policy steady, leaves door open for near-term rate hike
Economy|Finance|US

US pending home sales jump the most in more than four years, NAR says

Contracts to buy U.S. previously owned homes jumped by the most in more than four years in September on a mix of more attractive interest rates and improving inventory of properties for

US pending home sales jump the most in more than four years, NAR says
Business|Economy|Finance|US

Column-The peculiar 'no show' from US cash funds: Mike Dolan

A flood of money was expected to cascade from U.S. cash funds to riskier assets as interest rates began to tumble.

Column-The peculiar 'no show' from US cash funds: Mike Dolan
Asia|Economy|Finance

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says

Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven, while the current

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says
Economy|Finance|Stock Markets|US

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
Business|Economy|Finance

Bank of Canada says it is starting to see impact of recent rate cuts

The Bank of Canada is starting to see the impact of its four rate cuts so far this year and expects to gather more evidence in the months ahead, Governor Tiff Macklem said on Tuesday

Bank of Canada says it is starting to see impact of recent rate cuts
Asia|Business|Economy|Finance

Hong Kong home prices decline for fifth month in Sept

Hong Kong's home prices dropped for the fifth consecutive month in September, official data showed on Tuesday, in a struggling property market that realtors expect to bottom out

Hong Kong home prices decline for fifth month in Sept
Asia|Business|Finance|Stock Markets|US

Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street

Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
Asia|Business|Economy|Finance|World

Japan's political shakeup complicates BOJ, fiscal policy outlook

The loss of Japan's ruling bloc's parliamentary majority has heightened prospects that a new government will need to ramp up spending and of potential

Japan's political shakeup complicates BOJ, fiscal policy outlook
Economy|Europe|Finance

ECB's Nagel cautions against too hasty action on rates

The European Central Bank should not be too hasty in adjusting policy, Bundesbank President Joachim Nagel said on Saturday after some of his colleagues made the case in recent

ECB's Nagel cautions against too hasty action on rates
Business|Economy|Finance

Here’s why mortgage rates are rising after the Fed’s rate cut

Here’s why mortgage rates are rising after the Fed’s rate cut

Here’s why mortgage rates are rising after the Fed’s rate cut
US

Fed's Hammack: Work to bring inflation to target not complete

By Michael S.

Fed's Hammack: Work to bring inflation to target not complete
Business|Economy|Europe|Stock Markets

ECB hawks push back against bets on more and bigger cuts

Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at least

ECB hawks push back against bets on more and bigger cuts
Economy|Finance|US

Euro, yen climb as dollar rally takes a breather

The euro and Japanese yen strengthened on Thursday as the U.S. dollar paused after rallying to a nearly three-month high, with the greenback only briefly

Euro, yen climb as dollar rally takes a breather
Asia|Economy

South Korea's economy barely grows in Q3 as exports slip

South Korea's economy barely grew in the third quarter as consumer spending showed signs of recovery but exports declined, raising the chances for more stimulus to

South Korea's economy barely grows in Q3 as exports slip
Asia|Business|Economy|Finance

BOJ chief says it is 'still taking time' to hit inflation goal

Bank of Japan Governor Kazuo Ueda said on Wednesday it was "still taking time" to sustainably achieve its 2% inflation target, signaling that the central bank

BOJ chief says it is 'still taking time' to hit inflation goal
Africa|Economy|Finance

South African inflation drops sharply, paving way for more rate cuts

South Africa's inflation dropped sharply in September, hitting its lowest level in more than three years and bolstering expectations for another interest rate cut by the

South African inflation drops sharply, paving way for more rate cuts
Asia|Economy|Election|Finance|Stock Markets|US

Stock market today: Wall Street slumps to a rare 3-day losing streak

U.S. stocks fell as more steam came out of Wall Street’s huge, record-breaking rally

Stock market today: Wall Street slumps to a rare 3-day losing streak
Economy|Finance|US

Dollar continues rally, hits 3-month high vs yen

The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S. economic strength and an expected divergence among

Dollar continues rally, hits 3-month high vs yen
Economy|Europe|Finance

US, Europe matching rate paths must diverge: McGeever

U.S. and European interest rates have followed parallel paths this year, even as the regions' economic and inflationary outlooks have veered in different

US, Europe matching rate paths must diverge: McGeever
Economy|Finance

ECB's Centeno sees risk of undershooting inflation goal, wants gradual, steady rate cuts

Inflation in the euro zone has slowed to converge with the European Central Bank's 2% target and the risk now is undershooting the goal, ECB policymaker Mario Centeno told an event

ECB's Centeno sees risk of undershooting inflation goal, wants gradual, steady rate cuts
Business|Economy|Finance|Stock Markets|World

Bank of Israel voted 5-0 to hold rates at October decision, minutes show

All five members of the Bank of Israel's monetary policy committee voted on Oct. 9 to leave the benchmark interest rate unchanged at 4.5%, minutes of the discussion showed on

Bank of Israel voted 5-0 to hold rates at October decision, minutes show
Business|Europe|Finance|Stock Markets

European shares sag, SAP boosts tech stocks after forecast raise

European stocks slipped on Tuesday, as investors navigated geopolitical and global interest-rate cut uncertainties, while German company

European shares sag, SAP boosts tech stocks after forecast raise
Economy|Europe|Finance

No signs that euro zone inflation will deviate from current projections, ECB's Escriva says

There are not yet enough indications that the euro zone's inflation could drift further down or up to change the European Central Bank's central scenario for further rate cuts, ECB

No signs that euro zone inflation will deviate from current projections, ECB's Escriva says
Business|Economy|Finance

Australia central bank surprised employment is so strong, but not 'data obsessed'

Australia's central bank has been surprised by the strength of employment growth, a top official said on Monday, adding policymakers remained ready to respond to changes in economic

Australia central bank surprised employment is so strong, but not 'data obsessed'
Economy|Europe|Finance

Asking prices for UK homes barely rise in October, Rightmove says

Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting

Asking prices for UK homes barely rise in October, Rightmove says
Business|Economy|US

US home builder confidence rises for second straight month

U.S. home builder confidence rose in October for the second consecutive month but volatile mortgage rates and low housing affordability continued to pose headwinds.

US home builder confidence rises for second straight month
Business|Economy|Finance

Big central banks are firmly in rate-cut mode

Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move

Big central banks are firmly in rate-cut mode
Economy|Finance|US

Strong discretionary spending buoys US retail sales in September

U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view

Strong discretionary spending buoys US retail sales in September
Economy|Europe|Finance

ECB cuts rates as expected, says well on track to tame inflation

The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and

ECB cuts rates as expected, says well on track to tame inflation
Business|Economy|Europe|Finance|Stock Markets|Technology|US

Stocks stunned by ASML curveball, pound plunges

A look at the day ahead in U.S. and global markets from Mike Dolan World markets struggled to find a footing on Wednesday after Europe's ASML sideswiped the global chip sector late yesterday with a

Stocks stunned by ASML curveball, pound plunges
Asia|Economy|Finance

Thai central bank delivers first rate cut since 2020, downplays political pressure

Thailand's central bank unexpectedly cut its key interest rate on Wednesday, saying the move brought rates a "neutral" level consistent

Thai central bank delivers first rate cut since 2020, downplays political pressure
Economy|Europe|Finance

Inflation expected to stay above ECB target in medium term, survey finds

Economists expect inflation rates to stay above the European Central Bank's 2% target in the medium term, according to a survey published by Germany's Ifo institute on Wednesday, a day

Inflation expected to stay above ECB target in medium term, survey finds
Asia|Business|Economy|Finance|Stock Markets

Triple dose of central banks as tech, oil slump

A look at the day ahead in Asian markets. 

Triple dose of central banks as tech, oil slump
Business|Finance|Stock Markets

UBS lifts year-end target for S&P 500 to 5,850 points

UBS Global Research on Tuesday raised its year-end target for the benchmark S&P 500 index to 5,850 points from an earlier projection of 5,600, boosted by corporate profit growth,

UBS lifts year-end target for S&P 500 to 5,850 points
Business|Finance|Stock Markets

Tech, banks spark new US records as China relapses

A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks

Tech, banks spark new US records as China relapses
Economy|Europe|Finance

French inflation slowed more than expected in September, INSEE says

French consumer prices fell more than initially expected in September, the INSEE statistics agency said on Tuesday, revising the headline annual consumer price index to 1.4%, strengthening

French inflation slowed more than expected in September, INSEE says
Business|Economy|Finance|Stock Markets|US

European and US bonds rapidly diverge as economic wedge widens

A rapid divergence between euro zone and U.S. government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure

European and US bonds rapidly diverge as economic wedge widens
Economy|Finance|US

US dollar continues uptrend as Fed policy provides lift

The U.S. dollar edged higher against most major currencies on Tuesday, resuming the latest uptrend that took it to more than two-month highs fueled by

US dollar continues uptrend as Fed policy provides lift
Business|Economy|Finance|US

Traders keep bets on 25 basis point Fed rate cuts in November, December

The case for quarter-point U.S. interest rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were flat last month compared

Traders keep bets on 25 basis point Fed rate cuts in November, December
Business|Economy|Europe|Finance

Markets turn cautious before uncertain weekend

A look at the day ahead in European and global markets from Tom Westbrook Friday's session brought a cautious mood to the markets, ahead of a smattering of data and an uncomfortable weekend.

Markets turn cautious before uncertain weekend
Business|Economy|Finance|US

US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets

Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.

US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets
Business|Economy|Finance

Mortgage rates surged for the second-straight week after hitting two-year lows

Mortgage rates surged for the second-straight week after hitting two-year lows

Mortgage rates surged for the second-straight week after hitting two-year lows
Economy|Finance|US

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
Economy|Finance|US

Instant view: Warm Sept CPI inflation chills outlook for dovish Fed

U.S. consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than 3-1/2 years, potentially keeping the Federal Reserve

Instant view: Warm Sept CPI inflation chills outlook for dovish Fed
Business|Economy|Finance|Stock Markets|US

Wall Street ends slightly lower after higher than expected inflation, jobless claims

Wall Street's main indexes closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications

Wall Street ends slightly lower after higher than expected inflation, jobless claims
Asia|Business|Economy|Finance

BOJ will hike rates if it has more confidence in forecasts, says deputy governor Himino

Bank of Japan Deputy Governor Ryozo Himino said on Thursday the central bank will consider raising interest rates if the board has "greater confidence" that its

BOJ will hike rates if it has more confidence in forecasts, says deputy governor Himino
Business|Economy|Europe

UK property market strengthens, pressure on renters intensifies, RICS says

Britain's housing market recovered further last month, according to property surveyors who said house prices, sales and enquiries rose, but pressure in the rental sector intensified

UK property market strengthens, pressure on renters intensifies, RICS says
Economy|Finance|US

US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months

The interest rate for the most popular U.S. home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year after better-than-expected economic data caused

US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months
Business|Finance|Stock Markets|US

Equities rise after Fed minutes; inflation data and earnings in focus

Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting

Equities rise after Fed minutes; inflation data and earnings in focus
Economy|Finance|US

Column-Dollar won't fall as rest of world won't let it: Mike Dolan

The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S. currency if the rest of the world just won't let it

Column-Dollar won't fall as rest of world won't let it: Mike Dolan
Business|Economy|Europe|Finance

ECB's Stournaras backs two quarter-point rate cuts in 2024, FT says

European Central Bank (ECB) policymaker Yannis Stournaras is backing two interest rate cuts this year and expects further easing in 2025 as inflation continues to trend lower, he told the

ECB's Stournaras backs two quarter-point rate cuts in 2024, FT says
Finance|Stock Markets|US

Fed Vice Chair Jefferson: Sept rate cut was 'timely'

The Federal Reserve's 50-basis-point interest-rate cut last month was "timely" and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday.

Fed Vice Chair Jefferson: Sept rate cut was 'timely'
Economy|Europe|Finance

Euro zone inflation on the decline but job not yet done, ECB's Nagel says

Euro zone inflation is on the decline but the European Central Bank must remain vigilant and ensure that price growth settles at its 2% target even over the medium term,

Euro zone inflation on the decline but job not yet done, ECB's Nagel says
Americas|Economy|News

Brazil consumer prices seen higher in Sept as drought bites: Reuters poll

Brazil's consumer prices are expected to have risen in September after staying little changed in August, due partly to a severe drought which has hit agricultural output,

Brazil consumer prices seen higher in Sept as drought bites: Reuters poll
Asia|Business|Economy|Finance

Japan trusts BOJ on monetary policy, economy minister says

Japan's new economy minister, Ryosei Akazawa, said on Tuesday the government has trust in the central bank's decision on how soon to raise interest rates again, amid

Japan trusts BOJ on monetary policy, economy minister says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

U.S. stocks rebounded after falling oil prices released some of the pressure that built up on the market

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008
Business|Economy|Finance

Bank of Korea to kick off easing cycle with 25 bps cut on October 11: Reuters poll

The Bank of Korea will cut its key interest rate by 25 basis points to 3.25% on Friday, according to a majority of economists polled by Reuters

Bank of Korea to kick off easing cycle with 25 bps cut on October 11: Reuters poll
Asia|Business|Economy|Finance|News

Fall in Japan's real wages, spending likely just minor bump for further BOJ hikes

Japan's inflation-adjusted wages fell in August while household spending also declined, but analysts say underlying trends point to a gradual

Fall in Japan's real wages, spending likely just minor bump for further BOJ hikes
Business|Economy|Finance|US

Fed's Musalem argues for more rate cuts, says data to drive easings

Federal Reserve Bank of St.

Fed's Musalem argues for more rate cuts, says data to drive easings
Business|Economy|Europe|Finance

ECB's Holzmann: inflation not yet defeated

The European Central Bank should proceed with caution on further interest rate cuts given inflation had not yet been overcome, Austrian central bank Governor Robert Holzmann told

ECB's Holzmann: inflation not yet defeated
Business|Economy|Finance

Why a key borrowing rate is above 4% again

Why a key borrowing rate is above 4% again

Why a key borrowing rate is above 4% again
Asia|Business|Economy|Finance|Stock Markets

BOJ highlights broadening wage, price gains but warns of risks

The Bank of Japan said broadening wage hikes were underpinning consumption and prodding more firms in regional areas to pass on rising labour costs, signalling the

BOJ highlights broadening wage, price gains but warns of risks
Business|Economy|Finance|Stock Markets|US

How a rates rethink after strong US jobs data could shake up markets

The reverberations from a blowout U.S. employment number could threaten an assortment of trades predicated on falling interest rates, if

How a rates rethink after strong US jobs data could shake up markets
Business|Economy

What a hot job market means for inflation

What a hot job market means for inflation

What a hot job market means for inflation
Business|Economy|Finance|News|US

Fed seen slowing rate cut pace after strong US jobs data

A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a

Fed seen slowing rate cut pace after strong US jobs data
Asia|Business|Economy|Finance|News

Philippine inflation to settle around 3.2% in 2024, finance minister says

The Philippines' inflation rate could settle around 3.2% this year, its finance minister said on Friday, giving room for the central bank to further cut rates.

Philippine inflation to settle around 3.2% in 2024, finance minister says
Business|Economy|News

Central banks set for 'forceful' hyperactivity?: Mike Dolan

Sudden ebbs and flows of inflation without equivalent hits to economic output may be a feature of a post-pandemic world of fragile supply chains - potentially requiring

Central banks set for 'forceful' hyperactivity?: Mike Dolan
Business|Economy|News|US

US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market

America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy

US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market
Asia|Business|Finance|News|Stock Markets

Oil's shadow over world markets darkens

A look at the day ahead in Asian markets. What comes down must go up.

Oil's shadow over world markets darkens
Business|Economy|News|US

US service sector activity accelerates to 1-1/2-year high; employment declining

U.S. services sector activity jumped to a 1-1/2-year high in September amid strong growth in new orders, more evidence that the economy remained on a solid footing in the third

US service sector activity accelerates to 1-1/2-year high; employment declining
Business|Economy|Finance|News|US

Canada's services PMI hits six-month low in September

The downturn in Canada's services economy deepened in September as firms shed jobs and new business dropped to a near four-year low, S&P Global Canada services PMI

Canada's services PMI hits six-month low in September
Business|Economy|Finance

The 2024 disinflation lesson: ignore oil at your peril: McGeever

In today's digital and services-dominated economy, one might be forgiven for buying into the narrative that oil no longer has any real bearing on

The 2024 disinflation lesson: ignore oil at your peril: McGeever
Asia|Economy|Finance

Thai finance minister talks liquidity, debt woes with central bank chief

Thailand's finance minister said he had met the central bank governor on Thursday and discussed the issue of high household debt

Thai finance minister talks liquidity, debt woes with central bank chief
Business|Economy|Finance|News|Stock Markets|US

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll

The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Indexes end lower ahead of US jobs data, Middle East still in focus

U.S. stocks finished lower on Thursday ahead of Friday's monthly U.S. payrolls report and as investors kept a watchful eye on the growing conflict in the

Indexes end lower ahead of US jobs data, Middle East still in focus
Economy|Finance

Colombia 12-month inflation seen slowing in September despite truckers' strike: Reuters poll

Colombia's 12-month inflation is forecast to continue decelerating in September, despite the impact of a truckers' strike, according to a Reuters poll on

Colombia 12-month inflation seen slowing in September despite truckers' strike: Reuters poll
Business|Economy|Finance|US

Dollar to stay unfazed despite growing uncertainties: Reuters poll

The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve interest rate cuts, according to median forecasts from FX

Dollar to stay unfazed despite growing uncertainties: Reuters poll
Economy|Europe|Finance|Stock Markets

Euro area long-dated yields rise after sharp drop, geopolitics in focus

Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their biggest daily fall since mid-June on concerns about economic growth.

Euro area long-dated yields rise after sharp drop, geopolitics in focus
Business|Economy|Finance

Futures in Japan face hangover from BOJ's bond-buying binge

Japan's $9 trillion bond market is bracing for disruption as a shortage of paper caused by the central bank's massive buying is expected

Futures in Japan face hangover from BOJ's bond-buying binge
Africa|Economy|Finance|News

Kenya's inflation falls to 3.6% in Sept

Kenya's inflation fell to 3.6% year-on-year in September from 4.4% a month earlier, the statistics office said on Wednesday.

Kenya's inflation falls to 3.6% in Sept
Uncategorized

Fed liquidity tools see demand ease amid new repo market anxieties

By Michael S.

Fed liquidity tools see demand ease amid new repo market anxieties
Business|Finance|Stock Markets|US

Stocks kick off Q4 at record, euro inflation undershoots

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P500 kicks off the final quarter of a stellar 2024 from yet another record close notched on Monday - with odd quarter

Stocks kick off Q4 at record, euro inflation undershoots
Economy|Finance|News|Stock Markets|US|World

Safe havens gain as Iran fires missiles at Israel

Safe haven currencies strengthened on Tuesday as Iran launched missiles towards Israel, while the dollar also firmed on data showing a resilient U.S. labor market.

Safe havens gain as Iran fires missiles at Israel
Asia|Business|Economy|Finance|News|World

BOJ signals rate-hike pause after big Fed cut, market rout

Bank of Japan policymakers discussed the need to go slow in raising interest rates as jittery markets clouded the outlook, a summary of their September meeting showed,

BOJ signals rate-hike pause after big Fed cut, market rout
Asia|Business|Economy|Finance

South Korea export momentum cools, led by slower U.S. shipments

The pace of South Korea's export growth slowed in September, with shipments to the United States losing momentum, in an outcome that may support market expectations

South Korea export momentum cools, led by slower U.S. shipments
Business|Economy|Finance|News|Stock Markets

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally
Economy|Finance|News

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more
Economy|Finance|US

Instant view: August US PCE inflation cools to within reach of Fed target

The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported on Friday.

Instant view: August US PCE inflation cools to within reach of Fed target
Economy|News

Sputtering Canadian economy fuels calls for big rate cut

Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, but an advance estimate indicated that growth likely

Sputtering Canadian economy fuels calls for big rate cut
Economy|Finance|News|US

Latest inflation data could boost case for more big Fed rate cuts

Slowing inflation in August buttressed arguments Federal Reserve officials used in defense of their decision to lower interest rates by half of a percentage

Latest inflation data could boost case for more big Fed rate cuts
Business|Economy|Finance

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Reuters poll

The Reserve Bank of India (RBI) is expected to cut interest rates by a modest 50 bps over the next six months, according to a majority of economists in a Reuters

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Reuters poll
Americas|Economy|Finance

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

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

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