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
November 28, 2024Australia'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
November 28, 2024The 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
November 27, 2024U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth
November 27, 2024The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows
November 27, 2024Mozambique'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.
November 27, 2024New 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
November 27, 2024Australia'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
November 27, 2024Brazil'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
November 26, 2024The 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
November 26, 2024The 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
November 26, 2024Mexico's statistics agency INEGI released data on Friday showing that inflation slowed more than expected, while growth exceeded forecasts, opening the
November 22, 2024Friday'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
November 22, 2024Mexico'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
November 22, 2024Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc's dominant services industry contracted and manufacturing sank
November 22, 2024Japan'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
November 21, 2024The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July
November 21, 2024A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs).
November 21, 2024Sri 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
November 21, 2024The 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
November 21, 2024New Zealand's Treasury said on Thursday it would likely cut its economic and fiscal forecasts because of a sustained productivity slowdown in the economy.
November 20, 2024Just 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
November 20, 2024Asset 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
November 20, 2024Federal 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
November 20, 2024The U.S.
November 20, 2024South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday,
November 20, 2024Inflation 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
November 20, 2024Britain'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
November 20, 2024Canada'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
November 19, 2024Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his
November 19, 2024A look at the day ahead in Asian markets.
November 18, 2024Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.
November 18, 2024European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European
November 18, 2024A look at the day ahead in European and global markets from Wayne Cole.
November 18, 2024Most U.S. stocks ticked higher to recover some of their sharp slide from last week
November 18, 2024Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low,
November 18, 2024Most 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.
November 17, 2024U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the
November 15, 2024Just 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.
November 15, 2024The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate
November 15, 2024Chair 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
November 14, 2024The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb
November 14, 2024The 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
November 14, 2024A 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
November 14, 2024British 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
November 14, 2024Banks 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
November 13, 2024After 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
November 13, 2024U.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
November 13, 2024U.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
November 13, 2024A 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.
November 13, 2024High 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
November 13, 2024Indonesia's growth and portfolio investment could be hit if planned policies of U.S.
November 13, 2024European 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,
November 13, 2024U.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
November 13, 2024Inflation 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
November 12, 2024Larry Summers sounds the alarm bell on inflation — before Trump even takes office
November 12, 2024Australian 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.
November 12, 2024Japan'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
November 11, 2024New 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
November 11, 2024Global 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.
November 08, 2024ANZ, Australia's No. 4 lender by mortgages, said annual profit tumbled as fierce competition ate away margins while late loan repayments surged,
November 07, 2024Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's decision to reduce
November 07, 2024The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and
November 07, 2024A 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
November 07, 2024Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy
November 07, 2024Why Trump’s return could spark another bout of inflation and delay interest rate cuts
November 06, 2024U.S.
November 06, 2024U.S.
November 06, 2024By Michael S.
November 06, 2024Canada'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
November 05, 2024Pakistan'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
November 04, 2024The world is about to get some much-needed clarity on the US economy’s future
November 03, 2024No 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
November 03, 2024A data-heavy week has kept the U.S.
November 01, 2024Federal 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
November 01, 2024U.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
November 01, 2024British 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
November 01, 2024The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth
October 31, 2024Ukraine'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
October 31, 2024Canada's economy is likely to miss the Bank of Canada's revised third-quarter forecast after a slew of temporary factors stalled gross domestic
October 31, 2024A 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
October 31, 2024The 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.
October 31, 2024The Bank of Japan maintained ultra-low interest rates on Thursday but said risks around the U.S. economy were somewhat subsiding, signalling that
October 30, 2024Contracts 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
October 30, 2024A flood of money was expected to cascade from U.S. cash funds to riskier assets as interest rates began to tumble.
October 30, 2024Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven, while the current
October 30, 2024The 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
October 30, 2024The 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
October 29, 2024Hong 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
October 29, 2024Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street
October 29, 2024The 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
October 28, 2024The 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
October 26, 2024Here’s why mortgage rates are rising after the Fed’s rate cut
October 24, 2024Three 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
October 24, 2024The 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
October 24, 2024South 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
October 23, 2024Bank 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
October 23, 2024South 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
October 23, 2024U.S. stocks fell as more steam came out of Wall Street’s huge, record-breaking rally
October 23, 2024The 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
October 23, 2024U.S. and European interest rates have followed parallel paths this year, even as the regions' economic and inflationary outlooks have veered in different
October 22, 2024Inflation 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
October 22, 2024All 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
October 22, 2024European stocks slipped on Tuesday, as investors navigated geopolitical and global interest-rate cut uncertainties, while German company
October 22, 2024There 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
October 22, 2024Australia'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
October 21, 2024Asking 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
October 20, 2024U.S. home builder confidence rose in October for the second consecutive month but volatile mortgage rates and low housing affordability continued to pose headwinds.
October 17, 2024Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move
October 17, 2024U.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
October 17, 2024The 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
October 17, 2024A 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
October 16, 2024Thailand's central bank unexpectedly cut its key interest rate on Wednesday, saying the move brought rates a "neutral" level consistent
October 16, 2024Economists 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
October 16, 2024A look at the day ahead in Asian markets.
October 15, 2024UBS 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,
October 15, 2024A 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
October 15, 2024French 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
October 15, 2024A 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
October 15, 2024The 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
October 15, 2024The 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
October 11, 2024A 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.
October 11, 2024Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.
October 10, 2024Mortgage rates surged for the second-straight week after hitting two-year lows
October 10, 2024The 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
October 10, 2024U.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
October 10, 2024Wall Street's main indexes closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications
October 10, 2024Bank 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
October 10, 2024Britain'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
October 09, 2024The 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
October 09, 2024Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting
October 09, 2024The 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
October 09, 2024European 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
October 09, 2024The 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.
October 08, 2024Euro 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,
October 08, 2024Brazil'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,
October 08, 2024Japan'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
October 08, 2024U.S. stocks rebounded after falling oil prices released some of the pressure that built up on the market
October 08, 2024The 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
October 07, 2024Japan's inflation-adjusted wages fell in August while household spending also declined, but analysts say underlying trends point to a gradual
October 07, 2024Federal Reserve Bank of St.
October 07, 2024The 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
October 07, 2024Why a key borrowing rate is above 4% again
October 07, 2024The 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
October 07, 2024The reverberations from a blowout U.S. employment number could threaten an assortment of trades predicated on falling interest rates, if
October 07, 2024What a hot job market means for inflation
October 06, 2024A 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
October 04, 2024The 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.
October 04, 2024Sudden 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
October 04, 2024America’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
October 03, 2024A look at the day ahead in Asian markets. What comes down must go up.
October 03, 2024U.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
October 03, 2024The 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
October 03, 2024In 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
October 03, 2024Thailand's finance minister said he had met the central bank governor on Thursday and discussed the issue of high household debt
October 03, 2024The 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
October 03, 2024U.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
October 03, 2024Colombia's 12-month inflation is forecast to continue decelerating in September, despite the impact of a truckers' strike, according to a Reuters poll on
October 02, 2024The 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
October 02, 2024Euro 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.
October 02, 2024Japan's $9 trillion bond market is bracing for disruption as a shortage of paper caused by the central bank's massive buying is expected
October 02, 2024Kenya's inflation fell to 3.6% year-on-year in September from 4.4% a month earlier, the statistics office said on Wednesday.
October 02, 2024By Michael S.
October 01, 2024A 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
October 01, 2024Safe 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.
October 01, 2024Bank 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,
September 30, 2024The 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
September 30, 2024What fueled this week’s record-breaking stock rally
September 27, 2024A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more
September 27, 2024The 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.
September 27, 2024Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, but an advance estimate indicated that growth likely
September 27, 2024Slowing inflation in August buttressed arguments Federal Reserve officials used in defense of their decision to lower interest rates by half of a percentage
September 27, 2024The 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
September 27, 2024The 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
September 26, 2024