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Today: March 30, 2025
Today: March 30, 2025

interest rates

Business|Economy|Finance|Stock Markets|US

Bond investors brace for US slowdown, shed risk as Fed seen on hold

Bond investors are bracing for a U.S. economic downturn, as they pare back risky exposures, while many are extending duration in their fixed-income

Bond investors brace for US slowdown, shed risk as Fed seen on hold
Business|Economy|Finance|Stock Markets|US

Tighter credit, slower spending by better-off households may further cloud Fed outlook

Tumbling stock markets and signs of tightening credit may make the Federal Reserve's job even more difficult this week as U.S. central bank policymakers try

Tighter credit, slower spending by better-off households may further cloud Fed outlook
Business|Economy|Finance|Stock Markets|US

Fed watchers see good chance of change in balance sheet drawdown

By Michael S.

Fed watchers see good chance of change in balance sheet drawdown
Asia|Business|Economy|Finance

BOJ to hike rates gradually given wage outlook, Goldman says

The Bank of Japan is likely to keep hiking interest rates gradually as wages are seen rising at a pace that will keep inflation stably around its 2% target, according

BOJ to hike rates gradually given wage outlook, Goldman says
Asia|Business|Economy

Bank of Korea board wary of faster loss of economic momentum, minutes show

Most of the Bank of Korea's board members assessed Asia's fourth largest economy was losing steam faster than expected due to sluggish domestic spending and uncertainties from U.S.

Bank of Korea board wary of faster loss of economic momentum, minutes show
Australia|Business|Economy|Finance

Australia's central bank still more cautious than market on prospect of more rate cuts

Australia's central bank said on Tuesday it remained more cautious than the market about the prospects for further policy easing, after it cut interest rates for the

Australia's central bank still more cautious than market on prospect of more rate cuts
Business|Economy|Europe|Finance|Stock Markets|US

Central bank frenzy meets political storm

The week ahead is crammed with central bank decisions, first and foremost the U.S.

Central bank frenzy meets political storm
Business|Economy|Europe|Finance|Political|Stock Markets|US

Bank of England set to keep rates on hold as global uncertainty mounts

The Bank of England is likely to keep interest rates on hold on Thursday and stick to its mantra of only gradual moves ahead as it grapples with the fallout from U.S.

Bank of England set to keep rates on hold as global uncertainty mounts
Asia|Business|Economy|Finance

Bank Indonesia to hold rates steady on March 19, cut in Q2: Reuters poll

Bank Indonesia will hold interest rates steady on Wednesday to protect the rupiah from further depreciation amid growing global trade tensions, but is expected

Bank Indonesia to hold rates steady on March 19, cut in Q2: Reuters poll
Asia|Business|Economy|Finance

China should choose 'right timing and strength' for monetary easing, state media says

SHANGHAI ((Reuters)) - China should choose the right timing and force in easing monetary policy, state media said on Saturday in the latest signal that further easing to boost the world's second-

China should choose 'right timing and strength' for monetary easing, state media says
Business|Economy|Finance|Political|Stock Markets|US

Rising inflation expectations could put Fed on shallower rate-cut path

American families are growing sharply less optimistic about the economic outlook, but the Federal Reserve may be loathe to respond aggressively to a weakening economy in light of increasing

Rising inflation expectations could put Fed on shallower rate-cut path
Africa|Business|Economy|Finance|Political

South African Reserve Bank to pause rate-cutting cycle, resume in May- Reuters poll

The South African Reserve Bank (SARB) will likely keep interest rates steady at its March 20 meeting as global trade risks and battles over the national budget

South African Reserve Bank to pause rate-cutting cycle, resume in May- Reuters poll
Business|Economy|Europe|Finance|Political

ECB's Holzmann backs holding rates in April on inflation risks

European Central Bank policymaker Robert Holzmann backs keeping interest rates unchanged next month as higher trade tariffs and more government spending raise the risk of a new

ECB's Holzmann backs holding rates in April on inflation risks
Business|Economy|Europe|Finance

UK public inflation expectations surged in February, BoE survey shows

The British public's expectations for inflation in the long run rose in February to their highest level in more than five years, according to a Bank of England survey on Friday that is

UK public inflation expectations surged in February, BoE survey shows
Asia|Business|Economy|Finance|Political

BOJ to debate economic risks from Trump trade war, rates seen steady

The Bank of Japan is set to keep interest rates steady next week and discuss just how much of a risk the escalating U.S. trade war poses to the export-reliant economy

BOJ to debate economic risks from Trump trade war, rates seen steady
Economy|Europe|Finance|Political

No reasons for cutting Polish interest rates now, central bank chief says

Polish central bank Governor Adam Glapinski said on Thursday there were no reasons for cutting interest rates at the moment due to the outlook for inflation and he did not think

No reasons for cutting Polish interest rates now, central bank chief says
Asia|Business|Economy|Finance|Political

BOJ set to hold rates this month, hike to 0.75% in Q3, most likely July: Reuters poll

The Bank of Japan is expected to keep its key interest rate steady at its March 19 meeting, with over two-thirds of economists expecting a 25-basis-point hike to

BOJ set to hold rates this month, hike to 0.75% in Q3, most likely July: Reuters poll
Americas|Business|Economy|Finance|Political

Bank of Canada cuts rates by 25 bps, warns of tariff crisis

The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday to 2.75% and raised concerns about inflationary pressures and

Bank of Canada cuts rates by 25 bps, warns of tariff crisis
Americas|Business|Economy|Finance|Political

FULL TEXT- Bank of Canada to be cautious about future rate moves

The Bank of Canada released the following text of opening remarks by Governor Tiff Macklem on Wednesday: "Good morning.

FULL TEXT- Bank of Canada to be cautious about future rate moves
Business|Economy|Finance|Stock Markets|US

Cooler inflation paves way for Fed to resume rate cuts in June

Cooler inflation last month leaves the door open for the Federal Reserve to resume cutting interest rates by mid-year, but the central bank remains worried that U.S. tariff

Cooler inflation paves way for Fed to resume rate cuts in June
Asia|Business|Economy|Finance|Political

BOJ unfazed by rising bond yields, signals resolve to keep hiking rates

Bank of Japan Governor Kazuo Ueda on Wednesday took in stride recent rises in bond yields, saying they were a natural reflection of market expectations of future

BOJ unfazed by rising bond yields, signals resolve to keep hiking rates
Asia|Business|Economy

Japan's wholesale inflation hits 4%, keeps BOJ rate-hike bets alive

Japan's annual wholesale inflation hit 4.0% in February, data showed on Wednesday, underscoring pressure from rising raw material costs that will keep alive market

Japan's wholesale inflation hits 4%, keeps BOJ rate-hike bets alive
Americas|Business|Economy|Finance|Stock Markets

TSX hits 4-month low as investors price in slower economic growth

Canada's main stock index extended its recent declines on Tuesday, including losses for financial and consumer-related shares, as the implementation of U.S

TSX hits 4-month low as investors price in slower economic growth
Americas|Business|Economy

Brazil's industrial output undershoots forecasts, remains steady in January

Industrial production in Brazil remained unchanged in January from December, government statistics agency IBGE said on Tuesday, undershooting market forecasts as indicators

Brazil's industrial output undershoots forecasts, remains steady in January
Asia|Business|Economy|Finance

BOJ to beef up scrutiny on impact of rising rates on banks, deposits

The Bank of Japan said it will increase scrutiny into how lenders are estimating the impact of rising interest rates on their profits in next fiscal year's on-site

BOJ to beef up scrutiny on impact of rising rates on banks, deposits
Business|Economy|Finance|Political|Stock Markets|US

Fed to deliver rapid-fire rate cuts if economic downturn happens, traders bet

The Federal Reserve won't lower interest rates at its policy meeting next week, but could deliver the first of a set of rapid-fire reductions in borrowing costs in June if rising fears of

Fed to deliver rapid-fire rate cuts if economic downturn happens, traders bet
Australia|Business|Economy

Australian consumer confidence hits 3-year high in March, survey says

Australian consumer sentiment hit a three-year high in March as slowing inflation and the first interest rate cut in over four years helped lift the gloomy mood for consumers, a

Australian consumer confidence hits 3-year high in March, survey says
Australia|Business|Economy

Australia business confidence falls in February despite interest rate relief, survey says

A measure of Australian business confidence fell back into negative territory in February despite some interest rate relief from the central bank, a survey showed on Tuesday,

Australia business confidence falls in February despite interest rate relief, survey says
Asia|Business|Economy|Finance

Japan downgrades Q4 GDP, US tariffs cloud outlook

Japan's economy expanded in the October-December quarter at a slower pace than initially reported, weighed by weaker consumption but still likely supporting the

Japan downgrades Q4 GDP, US tariffs cloud outlook
Economy|Finance|MidEast|Political|World

Bank of Israel stays cautiously optimistic on inflation, rates outlook

Bank of Israel policymakers are cautiously optimistic that inflation will ease later in 2025 in the wake of uncertainty stemming from the effects of Israel's war

Bank of Israel stays cautiously optimistic on inflation, rates outlook
Business|Economy|Europe|Finance

ECB must remain open-minded on whether to keep cutting rates or pause, Kazimir says

There are still plenty of upside risks to euro zone inflation, so the European Central Bank must remain open-minded on whether to press ahead with interest rate cuts or pause

ECB must remain open-minded on whether to keep cutting rates or pause, Kazimir says
Asia|Business|Economy|Finance|MidEast

Pakistan unexpectedly halts easing cycle, keeping key interest rate at 12%

Pakistan's central bank unexpectedly halted its easing cycle on Monday, keeping its key policy rate at 12%, saying there could still be price risks including from an

Pakistan unexpectedly halts easing cycle, keeping key interest rate at 12%
Asia|Business|Economy|Finance|Political

Japan govt panel members urge vigilance on rising inflation, rate impact

Private-sector members of a key Japanese government panel on Monday urged policymakers to be vigilant to the risks of rising inflation hurting the economy as the

Japan govt panel members urge vigilance on rising inflation, rate impact
Business|Economy|Europe|Finance

Norway's surging inflation sows doubts about March rate cut

Norway's core inflation rate rose well above what analysts and the central bank had expected in February, data showed on Monday, sowing doubts about the central bank's plans to

Norway's surging inflation sows doubts about March rate cut
Business|Economy|Finance|Political|US

Fed Chair Powell signals possible tweaks to 'dot plot' rate-path forecasts

Federal Reserve Chair Jerome Powell on Friday signaled potential changes for the Fed's closely watched "dot plot" interest-rate projections as part of a

Fed Chair Powell signals possible tweaks to 'dot plot' rate-path forecasts
Business|Economy|Finance|Political|US

Fed's Kugler says rate policy likely on hold for some time

U.S. Federal Reserve Governor Adriana Kugler said on Friday that rising inflation risks argue for an extended period of steady central bank interest rate policy.

Fed's Kugler says rate policy likely on hold for some time
Business|Economy|Finance|Political|Stock Markets|US

Powell says Fed marking time to see economic impact of Trump policies

The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair

Powell says Fed marking time to see economic impact of Trump policies
Economy|Finance|Political|US

Fed expected to cut rates in June as jobs data raises potential red flags

The Federal Reserve will head into its March 18-19 policy meeting with the labor market strong overall but showing some potential early signs of weakening, a development that could put the

Fed expected to cut rates in June as jobs data raises potential red flags
Business|Economy|Finance|Political|US

Fed's Bowman signals she may pay more attention to job market in policy debates

Federal Reserve Governor Michelle Bowman, one of the U.S. central bank's most hawkish policymakers, on Friday signaled she may pay increasing attention to signals from the job market as

Fed's Bowman signals she may pay more attention to job market in policy debates
Business|Economy|Europe|Finance|Stock Markets

Nomura now expects only one ECB rate cut after policy meeting

Nomura now expects the European Central Bank to lower rates only once this year, diverging from most brokerages that still see at least two reductions, after the central bank signalled the

Nomura now expects only one ECB rate cut after policy meeting
Economy|Europe|Finance|Political|Stock Markets

For markets, German fiscal splurge blurs ECB outlook

A tectonic shift in German fiscal policy has compounded uncertainty for traders trying to bet on how fast the European Central Bank will cut rates

For markets, German fiscal splurge blurs ECB outlook
Asia|Economy|Finance|Political

Japan ready to declare end to deflation, economy minister says

Japan has cleared the key threshold for the government to officially declare an end to long-term price deflation, economy minister Ryosei Akazawa said on Friday.

Japan ready to declare end to deflation, economy minister says
Asia|Business|Economy|Finance

Inflation risks may stir BOJ discussion of rate hike in May, sources say

Inflationary pressure from wage gains and prolonged rises in food costs could prompt Bank of Japan board members to discuss another interest rate

Inflation risks may stir BOJ discussion of rate hike in May, sources say
Business|Economy|Finance|US

Fed's Waller, leaning against March cut, sees easings later in year

By Michael S.

Fed's Waller, leaning against March cut, sees easings later in year
Business|Economy|Europe|Finance|Political

UK inflation hump unlikely to lead to long-term price pressures, BoE's Mann says

Bank of England policymaker Catherine Mann said on Thursday a pick up in inflation was unlikely to lead to longer-term price problems in Britain's economy, and that

UK inflation hump unlikely to lead to long-term price pressures, BoE's Mann says
Business|Economy|Europe|Finance

ECB governors see growing chance of April pause before cutting resumes, sources say

European Central Bank policymakers see a growing chance of a pause in their easing cycle at their next meeting before rates come down again, once they have greater clarity about

ECB governors see growing chance of April pause before cutting resumes, sources say
Business|Economy|Europe|Finance|Political

ECB cuts rates again but risk of April pause growing

The European Central Bank cut interest rates again on Thursday but warned of "phenomenal uncertainty" including the risk that trade wars and

ECB cuts rates again but risk of April pause growing
Business|Economy|Europe|Finance|Political|US

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy

The European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and businesses to support an economy that is struggling to show solid growth

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy
Business|Economy|Europe|Finance|Political

Lagarde's statement after ECB policy meeting

Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: Good afternoon, the

Lagarde's statement after ECB policy meeting
Business|Economy|Europe|Finance

ECB cuts rates for sixth time in face of economic upheaval

The European Central Bank cut interest rates for the sixth time in nine months on Thursday, sticking to its easing plan in the face of economic upheaval from an unfolding trade

ECB cuts rates for sixth time in face of economic upheaval
Business|Economy|Europe|Finance|Political|Stock Markets

ECB cuts rates again, euro rallies

The European Central Bank cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the U.S. and plans to boost military spending

ECB cuts rates again, euro rallies
Business|Economy|Europe|Finance|Stock Markets

ECB's last easy decision

A look at the day ahead in European and global markets from Ankur Banerjee As trade tensions simmer and investors contend with Germany ripping up its fiscal rulebook, the European Central Bank is

ECB's last easy decision
Asia|Business|Economy|Finance

South Korea inflation softens in February for first time in 4 months

South Korea's consumer inflation softened in February for the first time in four months, government data showed on Thursday, providing at least some relief to policymakers looking to

South Korea inflation softens in February for first time in 4 months
Economy|Europe|Finance

Swiss inflation falls to lowest in nearly four years

Swiss inflation fell to its lowest level in nearly four years in February, government data showed on Wednesday, increasing the likelihood the Swiss central bank will cut rates later

Swiss inflation falls to lowest in nearly four years
Business|Economy|Europe|Finance

Rate cuts in Poland may start in the second half of 2025, says IMF representative

Monetary policy easing in Poland may begin in the second half of 2025, International Monetary Found (IMF) representative in Poland Geoff Gottlieb said on Wednesday during the

Rate cuts in Poland may start in the second half of 2025, says IMF representative
Business|Economy|Finance|Stock Markets|US

Parts of US Treasury market show concern about Fed rate-cutting pause

Parts of the U.S.

Parts of US Treasury market show concern about Fed rate-cutting pause
Asia|Business|Economy|Finance|Stock Markets

Traders place record bet on rising Japanese yen, eyeing further rate hikes

Speculators have mounted their biggest ever wager that the Japanese yen will continue to rise as they position for further Bank of Japan interest rate hikes, an

Traders place record bet on rising Japanese yen, eyeing further rate hikes
Economy|Europe|Finance|Opinion|Political|Stock Markets|US

ECB may stumble into stimulus

(Opinions expressed are those of the author.) By Mike Dolan A look at the day ahead in U.S. and global markets from Mike Dolan.

ECB may stumble into stimulus
Business|Economy|Europe|Finance

Euro zone inflation ticks lower in boost to ECB rate cut bets

Euro zone inflation dipped a bit less than expected last month but its most closely watched component also dropped, sealing the case for another ECB interest

Euro zone inflation ticks lower in boost to ECB rate cut bets
Business|Economy|Europe|Finance

Swiss central bank chief sticks with forex tool, unperturbed by Trump

The Swiss National Bank will not refrain from using interest rates and currency interventions to steer monetary policy despite the risk of being branded a "currency manipulator" by

Swiss central bank chief sticks with forex tool, unperturbed by Trump
Americas|Business|Economy|Finance|Political

Canada budget deficit over first nine months of 2024/25 at C$21.72 billion

Canada recorded a slight drop in its budget deficit to C$21.72 billion ($15.05 billion) for the first nine months of the 2024/25 fiscal year as government revenues increased

Canada budget deficit over first nine months of 2024/25 at C$21.72 billion
Business|Economy|Finance|Stock Markets|US

Inflation, growth may be in conflict but Fed seen restarting cuts in June

New data may point to emerging tension between the U.S.

Inflation, growth may be in conflict but Fed seen restarting cuts in June
Business|Economy|Political|US

US consumer spending posts first drop in almost two years

U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record high as businesses front-loaded

US consumer spending posts first drop in almost two years
Economy|Finance|Political|US

Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty

By Michael S.

Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty
Americas|Business|Economy

Canada's economy posts surprise annualized fourth quarter growth of 2.6%

Canada's gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending

Canada's economy posts surprise annualized fourth quarter growth of 2.6%
Economy|Election|Europe|Finance|Political

Second Polish presidential candidate calls for lower rates

A centre-right candidate in Poland's presidential election on Friday became the second contender in the race to call for lower interest rates, after the central

Second Polish presidential candidate calls for lower rates
Business|Economy|Europe|Finance

Softer inflation, weak growth bolster case for ECB rate cuts

Euro zone inflation prospects improved while growth remained anaemic, fresh data showed on Friday, solidifying the case for further ECB rate cuts to stimulate an economy that has

Softer inflation, weak growth bolster case for ECB rate cuts
Business|Economy|Finance|MidEast|World

Turkey's economy grows 3.2% in 2024, exceeding forecast

Turkey's economy grew 3.0% year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2%, official data showed on Friday, exceeding forecasts

Turkey's economy grows 3.2% in 2024, exceeding forecast
Asia|Business|Economy|Finance

Chinese banks heed PBOC call to cut dollar deposit rates, say sources

China's banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a

Chinese banks heed PBOC call to cut dollar deposit rates, say sources
Americas|Business|Economy|Finance|Stock Markets

TSX hits near 6-week low as trade tensions rise

Canada's main stock index fell on Thursday to a near six-week low as escalating global trade tensions fueled risk-aversion and despite stronger-

TSX hits near 6-week low as trade tensions rise
Africa|Asia|Economy|Finance

BOJ chief warns of strong global uncertainty due to US tariffs

Bank of Japan Governor Kazuo Ueda on Thursday warned of "very strong" uncertainty on the global economic outlook that required vigilance in setting monetary policy

BOJ chief warns of strong global uncertainty due to US tariffs
Business|Economy|Finance|US

Fed's Hammack says rates likely on hold for some time

By Michael S.

Fed's Hammack says rates likely on hold for some time
Business|Economy|Europe|Finance|Political

ECB to cut rates again on March 6 as focus turns to growth: Reuters poll

The European Central Bank will trim its deposit rate again next week to 2.50%, according to all 82 economists polled by Reuters who expected two further cuts by

ECB to cut rates again on March 6 as focus turns to growth: Reuters poll
Business|Economy|Europe|Finance

ECB accounts show lingering inflation worries

Euro zone inflation was heading back to target but there were still some worries about it, warranting caution in signalling further policy easing, the European Central Bank

ECB accounts show lingering inflation worries
Economy|Finance|Political|US

Rise in US inflation expectations means Fed has to stay on guard, Schmid says

Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully

Rise in US inflation expectations means Fed has to stay on guard, Schmid says
Americas|Business|Economy|Finance|Stock Markets

CIBC quarterly profit rises on capital markets strength

Canadian Imperial Bank of Commerce reported a rise in first-quarter profit on Thursday, helped by strength in its capital markets unit.

CIBC quarterly profit rises on capital markets strength
Business|Economy|Finance|Stock Markets|US|World

America First? Not when it comes to stock markets worldwide this year

When it comes to stock markets around the world, this year has clearly not been “America First.”

America First? Not when it comes to stock markets worldwide this year
Australia|Business|Economy|Finance

RBA needs to see more positive news on inflation before cutting again

Australia's central bank needs to see more positive news on inflation before cutting interest rates again, a top central bank official said on Thursday.

RBA needs to see more positive news on inflation before cutting again
Australia|Business|Economy|Finance

New Zealand home prices forecast to rise 5.0% in 2025 as interest rates fall: Reuters poll 

New Zealand home prices are expected to rise modestly this year and next following a decline in 2024, according to a Reuters poll of housing experts who

New Zealand home prices forecast to rise 5.0% in 2025 as interest rates fall: Reuters poll 
Africa|Asia|Business|Economy|Finance

Japan's top currency diplomat sees no disparity between yen rise, solid economy

Japan's top currency diplomat, Atsushi Mimura, said on Wednesday he did not see any disparity between recent rises in the yen and a slew of positive economic data

Japan's top currency diplomat sees no disparity between yen rise, solid economy
Americas|Business|Economy|Finance|Political

Brazil's public debt falls in January, softer US trade stance flattens yield curve

Brazil's federal public debt declined in January, marked by softer signals on U.S. trade policy under President Donald Trump that boosted emerging markets, pushing local interest

Brazil's public debt falls in January, softer US trade stance flattens yield curve
Africa|Economy|Finance

South Africa inflation edges up in first release since basket update

South African inflation edged up in January in the first release since the statistics agency updated its consumer price basket, but the headline rate

South Africa inflation edges up in first release since basket update
Business|Economy|Finance|Political|US

Fed seen resuming rate cuts in June as consumer confidence takes a dive

The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in September, traders bet on Tuesday as they took on board the

Fed seen resuming rate cuts in June as consumer confidence takes a dive
Asia|Business|Economy|Finance|Stock Markets

Bond yields slide as US growth fears, tech rout snowball

A look at the day ahead in Asian markets.  Is the U.S. economy beginning to roll over?

Bond yields slide as US growth fears, tech rout snowball
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street falls as US consumers get more pessimistic about inflation, tariffs

Wall Street fell further from its record as worries worsen among U.S. consumers about inflation and tariffs

Stock market today: Wall Street falls as US consumers get more pessimistic about inflation, tariffs
Business|Economy|Finance|Stock Markets|US

Fed expected to respond strongly to inflation, job market conditions, research shows

Investors and economists expect the U.S. central bank to respond "strongly and systematically"  to changes in inflation and the labor market, according to research published

Fed expected to respond strongly to inflation, job market conditions, research shows
Business|Economy|Finance|Stock Markets|US

Home Depot forecasts surprise drop in annual profit as demand wavers

Home Depot forecast a surprise drop in 2025 profit on Tuesday as the company grapples with a weak housing market and high interest rates that are making U.S. consumers

Home Depot forecasts surprise drop in annual profit as demand wavers
Economy|Finance|Political|US

Fed's Barkin: Uncertainty warrants a cautious approach to monetary policy

Richmond Federal Reserve President Tom Barkin said on Tuesday he will follow a wait-and-see approach regarding central bank interest rate policy

Fed's Barkin: Uncertainty warrants a cautious approach to monetary policy
Business|Economy|Finance|US

US bank profits climb as regulator adjusts 'problem bank' tracking

U.S. banking sector profits rose 2.3% to $66.8 billion in the fourth quarter of 2024, a bank regulator reported on Tuesday, as it also announced moves to

US bank profits climb as regulator adjusts 'problem bank' tracking
Business|Economy|Europe|Finance

ECB's Nagel sees more rate cuts as inflation outlook encouraging

The European Central Bank has room to cut its interest rates further if inflation eases to its 2% goal this year as it expects, ECB policymaker Joachim Nagel said on Tuesday,

ECB's Nagel sees more rate cuts as inflation outlook encouraging
Business|Economy|Europe|Finance

ECB rates no longer a material drag on growth, Schnabel says

The European Central Bank interest rate that neither slows nor spurs growth has climbed in the past two years, and it's no longer clear the current 2.75% rate is still holding

ECB rates no longer a material drag on growth, Schnabel says
Economy|Finance|Political|US

Head of Fed-watchdog task force in Congress plans broad US central bank review

The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central

Head of Fed-watchdog task force in Congress plans broad US central bank review
Business|Economy|Education|Finance|Political

Brazil's inflation index posts largest monthly rise since early 2022

Brazil's IPCA-15 consumer price index posted in February its largest monthly rise in almost three years, official data showed on Tuesday, driving 12-month inflation to its

Brazil's inflation index posts largest monthly rise since early 2022
Asia|Business|Economy

Bank of Korea cuts rates to bolster growth, lowers GDP forecast

The Bank of Korea cut interest rates by 25 basis points and significantly lowered its GDP forecasts on Tuesday, steering Asia's fourth-largest economy

Bank of Korea cuts rates to bolster growth, lowers GDP forecast
Business|Economy|Finance|Political|US

BofA CEO expects Fed to hold on rates, urges simpler regulation

Bank of America expects the Federal Reserve to hold interest rates steady this year and into next year, CEO Brian Moynihan said on Tuesday.

BofA CEO expects Fed to hold on rates, urges simpler regulation
Business|Economy|Political|US

Fed needs more clarity before it can go back to cutting rates, says Goolsbee

Chicago Federal Reserve Bank President Austan Goolsbee on Monday said the U.S. central bank is currently in a "wait-and-see" mode and needs more clarity on the total economic impact of the

Fed needs more clarity before it can go back to cutting rates, says Goolsbee
Asia|Business|Economy

Japan's corporate service inflation accelerates to 3.1% y/y in January

A leading indicator of Japan's service-sector inflation in January accelerated to 3.1% from a year earlier as prices for a wide range of services continued to rise, keeping alive

Japan's corporate service inflation accelerates to 3.1% y/y in January
Business|Economy|Europe|Finance|Political

Bank of England's Dhingra says policymakers divided over rate-cut pace

Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual

Bank of England's Dhingra says policymakers divided over rate-cut pace
Business|Economy|Finance|MidEast

Bank of Israel holds rates but leaves hope for cuts this year

The Bank of Israel kept short-term interest rates unchanged for a ninth straight meeting on Monday, but held out the prospect for further easing this year should

Bank of Israel holds rates but leaves hope for cuts this year

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