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Today: May 30, 2025
Today: May 30, 2025

inflation

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Brazil's central bank unlikely to cut rates before 2026, Itau says

Brazil's central bank is unlikely to have room to cut interest rates before next year, and even then the risk is tilted toward further delays, economists at Itau Unibanco, the country's

Brazil's central bank unlikely to cut rates before 2026, Itau says
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Most US households say finances all right even as inflation still bites, Fed survey shows

U.S. households reported little change in their economic well-being last year, with the cost of living remaining a top concern but nearly three-quarters of

Most US households say finances all right even as inflation still bites, Fed survey shows
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Russian central bank warns of oil price risks as it defends high rates

Russia's central bank defended its tight monetary policy in a report on Wednesday, saying high rates had contributed to a slowdown in lending and fostered signs of disinflation, but

Russian central bank warns of oil price risks as it defends high rates
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‘Buying the dip’ worked well in recent weeks, but Wall Street is cautious for a reason

‘Buying the dip’ worked well in recent weeks, but Wall Street is cautious for a reason

‘Buying the dip’ worked well in recent weeks, but Wall Street is cautious for a reason
Business|Economy|World

Japan's quick-fix for bond markets sets a global test case

Japan, one of the world's most indebted developed economies, this week also turned into a saviour of sorts for its own bond market

Japan's quick-fix for bond markets sets a global test case
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Trade confusion and long yield relief

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Markets were left nonplussed by increasingly erratic U.S.

Trade confusion and long yield relief
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Trump's tariff blitz prompts 'firefighting' response from Fed researchers

U.S.

Trump's tariff blitz prompts 'firefighting' response from Fed researchers
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Fed's Kashkari calls for steady rates, awaits clarity on tariff impact

Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs

Fed's Kashkari calls for steady rates, awaits clarity on tariff impact
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ECB's Villeroy: normalisation of interest rates in euro zone probably not complete

The normalisation of interest rates in the euro zone is probably not complete, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday.

ECB's Villeroy: normalisation of interest rates in euro zone probably not complete
Asia|Business|Economy|World

Bank of Korea to cut rate on May 29, more easing ahead: Reuters poll

The Bank of Korea (BOK) will lower its key policy rate by 25 basis points on Thursday as economic activity contracted in the last quarter and benign inflation

Bank of Korea to cut rate on May 29, more easing ahead: Reuters poll
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Russia's cooling economy facing 'hypothermia' risks, minister warns

Russia's economy is facing "hypothermia" risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take

Russia's cooling economy facing 'hypothermia' risks, minister warns
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Global central banks talk harsh new economic realities in Tokyo

It's Japan's version of the Fed's Jackson Hole symposium, without the trail hikes or views, and this year's gathering of global central bankers in Tokyo will focus on

Global central banks talk harsh new economic realities in Tokyo
Business|Economy|World

Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump

Federal Reserve Chair Jerome Powell is defending the central bank’s response to the COVID-19 pandemic

Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump
Business|Economy|World

US business activity improves in May; inflation poised to accelerate sharply

U.S. business activity picked up in May amid a truce in the trade war between Washington and China, but President Donald Trump's sweeping tariffs on imported

US business activity improves in May; inflation poised to accelerate sharply
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Argentina aims to unleash some $271 billion stashed away in mattresses, safes

Argentina is easing foreign currency reporting rules to encourage residents to start using an estimated $271 billion in cash dollars squirreled away in mattresses and foreign

Argentina aims to unleash some $271 billion stashed away in mattresses, safes
Business|Economy|World

Egypt central bank cuts key interest rates by 100 bps

Egypt's central bank lowered its overnight interest rates by a less-than-expected 100 basis points on Thursday, saying economic growth had accelerated in the first quarter while

Egypt central bank cuts key interest rates by 100 bps
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Ross Stores withdraws annual forecasts due to tariff pressures

Discount store operator Ross Stores on Thursday withdrew its fiscal 2025 forecasts and said tariffs could take a toll on its profitability this year, sending its shares down 11% in

Ross Stores withdraws annual forecasts due to tariff pressures
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Japanese bonds rally after fiscal concerns send super-long yields to records

Japanese government bonds recovered slightly on Friday, after a volatile week that saw fiscal and inflation concerns drive super-long yields to record highs.

Japanese bonds rally after fiscal concerns send super-long yields to records
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Dollar keeps tumbling

A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets Even though some calm returned to U.S. bond and stock

Dollar keeps tumbling
Business|Economy|Europe|Finance

ECB confident that services inflation will moderate, Lane says

The European Central Bank is confident that stubbornly high services inflation will moderate this year, helping it get overall price growth back to the 2% target, ECB chief

ECB confident that services inflation will moderate, Lane says
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If you haven't left yet, it may be too late to avoid the Memorial Day travel rush

Freeways and airports across the U.S. are filling up as more people make their Memorial Day weekend getaways

If you haven't left yet, it may be too late to avoid the Memorial Day travel rush
Business|Economy|Finance

NZ budget flags lower growth from 'trade shock', but reins in spending to 10-year low

New Zealand on Thursday set new spending for the current fiscal year at its lowest in a decade, keeping a tight rein on its fiscal purse even as

NZ budget flags lower growth from 'trade shock', but reins in spending to 10-year low
Business|Economy|Political|World

Dozens injured in pension protest outside Argentina Congress

Dozens of people were injured during a protest outside Argentina's Congress on Wednesday where activists and retired Argentines demanded higher pensions, according to Reuters

Dozens injured in pension protest outside Argentina Congress
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Off-price retailer TJX beats sales estimate as tariff uncertainty looms large

TJX Cos maintained its annual forecast on Wednesday and flagged an impact from U.S. tariffs, while resilient consumer demand for off-price goods amid an uncertain economy

Off-price retailer TJX beats sales estimate as tariff uncertainty looms large