U.S. World Business Lifestyle
Today: June 08, 2025
Today: June 08, 2025

inflation

Asia|Business|Economy|Finance

Pakistan central bank cuts key rate by 200 bps, fifth in a row

Pakistan's central bank cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June as the country

Pakistan central bank cuts key rate by 200 bps, fifth in a row
Business|Economy|Finance|Political|US

US factory activity slumps further in December as tariffs loom

U.S. manufacturing activity contracted further in December, with a measure of factory output dropping to the lowest level in more than 4-1/2 years amid worries

Business|Economy|Europe|Finance

ECB expects more rate cuts as inflation fears abate

The European Central Bank expects to cut interest rates further if inflation settles at its 2% target as it expects, some of the ECB's top brass said on Monday.

ECB expects more rate cuts as inflation fears abate
Americas|Business|Economy|Political

Argentina's economy expands 3.9% in Q3 versus Q2

Argentina's economy in the July to September period notched its first quarter-on-quarter economic expansion since entering a technical recession at the end 2023, but

Argentina's economy expands 3.9% in Q3 versus Q2
Business|Economy|Finance|Political|World

Bank of Canada: world is now more prone to shocks than we'd like

Bank of Canada Governor Tiff Macklem on Monday said the world was now more prone to economic shocks and the central bank therefore needed to ensure it was

Bank of Canada: world is now more prone to shocks than we'd like
Americas|Business|Economy|Political|World

As Bolivia's big state economic model slowly implodes, fear of 'total crisis'

Housewife Yola Chura worried about high food prices while shopping at a market in Bolivia's highland city of El Alto, where she and many others are struggling

As Bolivia's big state economic model slowly implodes, fear of 'total crisis'
Business|Economy|Europe|Political

UK employers cut staffing, turn more pessimistic as budget bites

British businesses cut staffing by the most since the COVID pandemic and reported the sharpest confidence drop also since the lockdowns, according to two surveys

UK employers cut staffing, turn more pessimistic as budget bites
Asia|Business|Economy|Food

India's Tata faces pressure in Starbucks joint venture as consumers cut back

India's Tata Consumer Products will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its

India's Tata faces pressure in Starbucks joint venture as consumers cut back
Economy|Finance|Political|US

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Business|Economy|Europe|Finance|Political

ECB is confident that inflation will converge to target in 2025, De Guindos says

The European Central Bank is confident that inflation will converge to the 2% goal in 2025 as is reflected in its monetary policy, ECB's Vice-President Luis de Guindos said on

ECB is confident that inflation will converge to target in 2025, De Guindos says
Business|Economy|Europe|Finance

Europe's jobs market continues to soften

Europe's labour market softened in the third quarter, data releases showed on Monday, pointing to a further decline in inflation pressures that could justify more interest rate

Europe's jobs market continues to soften
Asia|Business|Economy|Finance

Taiwan set to hold rates steady with strong economy, lingering inflation: Reuters poll

Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course throughout next year given the strong economy and as it deals with

Taiwan set to hold rates steady with strong economy, lingering inflation: Reuters poll
Business|Economy|Food|Lifestyle|Political

Food prices are on the rise again. What’s behind the increase

Food prices are on the rise again. What’s behind the increase

Food prices are on the rise again. What’s behind the increase
Economy|Finance|MidEast

Israel's inflation slips to 4-month low of 3.4% in November

Israel's inflation dipped in November, data from the Central Bureau of Statistics showed on Sunday, but staying above target and likely not enough to push

Israel's inflation slips to 4-month low of 3.4% in November
Business|Economy|Finance|MidEast

Saudi Arabia's inflation reaches 2% in November

Saudi Arabia's annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9% in October, according to government data released on Sunday, again

Saudi Arabia's inflation reaches 2% in November
Economy|Finance|Stock Markets|US

Fed rate view in focus as robust stocks year draws to close

A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on

Fed rate view in focus as robust stocks year draws to close
Economy|Finance|Political|US

Economists' 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year

Home shoppers hoping for more attractive mortgage rates next year may be disappointed

Business|Economy|Europe|Finance

Big banks expect a quarter-point cut for ECB's first meeting of 2025

Major brokerages including Bank of America, Goldman Sachs and Citigroup expect the European Central bank to cut interest rates by 25 basis points again at its first meeting of 2025 on Jan.

Big banks expect a quarter-point cut for ECB's first meeting of 2025
Business|Economy|Finance|US

Marginal rise in US import prices suggests inflation pressures may subside

U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks to a strong dollar,

Marginal rise in US import prices suggests inflation pressures may subside
Business|Economy|Finance|Stock Markets|US

US equity funds gain sixth weekly inflow on Fed rate cut expectations

U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of

US equity funds gain sixth weekly inflow on Fed rate cut expectations
Economy|Europe|Political

German liberals to side with government on tax relief bill, letter shows

Germany's Free Democrats (FDP), which moved into opposition with the collapse of Chancellor Olaf Scholz's coalition last month, will support legislation to offset the burden of

German liberals to side with government on tax relief bill, letter shows
Business|Economy|Finance|Political|US

US data has Fed striding toward rate cut next week, and tip-toeing into 2025

Investors view it as a near given that the U.S.

US data has Fed striding toward rate cut next week, and tip-toeing into 2025
Business|Economy|Political|US

Americans are sour on tariffs if they spark inflation, Reuters/Ipsos poll finds

Americans don't think import tariffs are a good idea if they lead to higher prices and are skeptical they would help U.S. workers, a Reuters/

Americans are sour on tariffs if they spark inflation, Reuters/Ipsos poll finds
Business|Economy|Europe

Germany faces lethargic growth, potential hit from Trump, Bundesbank says

Germany's economy will shrink for the second year in a row this year and its recovery will be lacklustre, potentially exacerbated by a trade war with the United States,

Germany faces lethargic growth, potential hit from Trump, Bundesbank says
Asia|Business|Economy

Japan Nov inflation likely accelerated, exports up on weak yen: Reuters poll

Japan's core consumer price inflation probably accelerated in November, driven by persistently high rice prices and the phasing out of utility subsidies, a Reuters poll showed on

Japan Nov inflation likely accelerated, exports up on weak yen: Reuters poll
Asia|Business|Economy|Finance

BOJ leaning toward keeping rates steady next week, sources say

The Bank of Japan is leaning toward keeping interest rates steady next week as policymakers prefer to spend more time scrutinising overseas risks and clues on next

BOJ leaning toward keeping rates steady next week, sources say
Americas|Economy|Political

Argentina economy seen shrinking 2.6% in Q3, but recession could break

Argentina's economy is expected to have contracted 2.6% in the third quarter of 2024 versus a year earlier, the sixth straight such decline, but expanded

Argentina economy seen shrinking 2.6% in Q3, but recession could break
Economy|Election|Food|Political|US

Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve

Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve

Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve
Business|Economy|Finance|Stock Markets|US

Stifel expects S&P 500 to peak in early 2025 before falling

Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower

Business|Economy|Europe|Finance

ECB cuts interest rates for fourth time this year

The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead as inflation closes in on its goal and the

ECB cuts interest rates for fourth time this year
Business|Economy|Finance|US

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Business|Economy|Europe|Finance|World

SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade

The Swiss National Bank cut its interest rate by 50 basis points on Thursday, its biggest reduction in almost 10 years, responding to weaker than expected inflation in

SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade
Business|Economy|Europe

Germany to grow between 0.4% and 1.1% in 2025, Ifo Institute says

Germany will grow by only 0.4% next year if it fails to overcome structural challenges but can achieve 1.1% growth if the right economic policy course is set, the

Germany to grow between 0.4% and 1.1% in 2025, Ifo Institute says
Economy|Europe|Finance|Political|Stock Markets

ECB, Swiss set to cut, but by how much?

A look at the day ahead in European and global markets from Kevin Buckland A momentous couple weeks for global central banks brings policy decisions from two of the biggest on Thursday: the European

ECB, Swiss set to cut, but by how much?
Americas|Business|Economy

Brazil's central bank hikes more than expected, signals more tightening ahead

Brazil's central bank raised interest rates by a greater-than-expected 100 basis points on Wednesday and pointed to matching hikes for the next two meetings,

Brazil's central bank hikes more than expected, signals more tightening ahead
Business|Economy|Finance|Political|US

US inflation ticked up last month as some price pressures remain persistent

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated

US inflation ticked up last month as some price pressures remain persistent
Americas|Economy|Political

Argentina inflation hits four-year low as locals dare to hope the worst is over

Argentina's monthly inflation rate slowed to 2.4% in November, the lowest in over four years, the official INDEC statistics

Argentina inflation hits four-year low as locals dare to hope the worst is over
Business|Economy|Finance|US

US consumer prices post largest rise in seven months; rents finally slowing

U.S. consumer prices increased in November by the most in seven months, but the Federal Reserve was still expected to deliver a third consecutive interest rate

US consumer prices post largest rise in seven months; rents finally slowing
Business|Economy|Food|Health|Political|US

It’s not just you: McDonald’s really was everywhere this year

It’s not just you: McDonald’s really was everywhere this year

Economy|Finance|Political|Stock Markets|US

China's yuan plans and a look at inflation

A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar's supremacy has been one of the big stories of 2024 and, based on U.S.

Africa|Business|Economy|Finance

South Africa inflation rises less than expected, helped by food

South Africa's inflation rate rose less than expected in November, staying just below the central bank's target range thanks to food inflation slowing to its

South Africa inflation rises less than expected, helped by food
Business|Economy|Europe|Finance

Bank of England set to stay in central bank slow lane and keep rates on hold

The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the

Bank of England set to stay in central bank slow lane and keep rates on hold
Economy|Political|US

Biden hails economic record, warns against Republican return to 'trickle-down economics'

U.S.

Biden hails economic record, warns against Republican return to 'trickle-down economics'
Asia|Business|Economy|Finance|Stock Markets|US

US dollar rises, Aussie drops after Chinese trade data

The dollar rose on Tuesday ahead of U.S. inflation data that could offer clues about the Federal Reserve's monetary-easing path, while analysts assess the likely

US dollar rises, Aussie drops after Chinese trade data
Asia|Australia|Business|Economy|Stock Markets

Global shares fall, dollar climbs ahead of inflation report

Global equities retreated and the dollar rose on Tuesday as investors awaited fresh inflation data and further economic news later in the week.

Global shares fall, dollar climbs ahead of inflation report
Business|Economy|US

US average gasoline price drops below $3 a gallon for the first time since 2021

Average U.S. gasoline prices fell below $3 a gallon for the first time in over three years on Monday, extending a run of bargains at the pump for

Business|Economy|Finance|Political|US

Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll

The U.S.

Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll
Africa|Business|Economy|Finance|MidEast

Egypt's inflation dips to near two-year low of 25.5% in November

Egypt's annual urban consumer price inflation rate dropped more than expected to 25.5% in November, its lowest since December 2022, data from statistics agency CAPMAS showed on

Egypt's inflation dips to near two-year low of 25.5% in November
Asia|Business|Economy

Philippines GDP growth hit by typhoons, but outlook robust, says World Bank

The Philippine economy is expected to grow more slowly than first thought this year after the country was hit by a series of typhoons but should be more robust in 2025 and 2026, the

Philippines GDP growth hit by typhoons, but outlook robust, says World Bank
Asia|Economy|Europe|Finance|Stock Markets

China policy talk lifts stocks but bonds balk

A look at the day ahead in European and global markets from Tom Westbrook China's equity markets have chosen to run with the authorities' latest vague promise of support for the sputtering economy,

China policy talk lifts stocks but bonds balk
Australia|Business|Economy|Finance

Australia central bank leaves door open to February rate cut

Australia's top central banker on Tuesday left open the door to a cut in interest rates as early as February, but emphasised the flow of economic data would have to give the bank

Australia central bank leaves door open to February rate cut
Business|Economy|Europe|Finance

SNB to cut rates 25 bps on Dec. 12, to reach zero or close next year

The Swiss National Bank will again cut its key policy rate by 25 basis points on Dec. 12, according to an over-85% majority of economists polled by Reuters, with

SNB to cut rates 25 bps on Dec. 12, to reach zero or close next year
Australia|Business|Economy|Finance|Stock Markets

Australia's central bank closer to cutting rates, Feb not ruled out

Australia's central bank is getting closer to joining its peers in cutting interest rates, having sat tight for over a year now, but much will depend on

Australia's central bank closer to cutting rates, Feb not ruled out
Economy|Finance|Political|US

US consumers expect higher inflation and better economy, New York Fed says

By Michael S.

US consumers expect higher inflation and better economy, New York Fed says
Business|Economy|Finance|Stock Markets|US

'Bond vigilante' PIMCO trims long-term US sovereign debt holdings

PIMCO said on Monday it plans to diversify its government bond exposure by buying outside the United States, where its outlook on long-term government debt is

'Bond vigilante' PIMCO trims long-term US sovereign debt holdings
Africa|Business|Economy|Finance|Stock Markets

South African rand firms as gold gets boost, data-packed week ahead

South Africa's rand jumped on Monday at the start of a week packed with economic data releases, as gold prices climbed after China's central bank resumed purchases of the

South African rand firms as gold gets boost, data-packed week ahead
Americas|Economy|Political

Argentina's Mr Market Javier Milei wants to make austerity great again

Argentina's libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis.

Argentina's Mr Market Javier Milei wants to make austerity great again
Americas|Australia|Business|Economy|Europe|Finance|Political|Stock Markets|US

Crypto gain, Europe pain

Bitcoin smashing the $100,000 barrier raises the prospect of the cryptocurrency going mainstream, U.S. inflation data will show how much pressure there is on the Fed to adjust rates and

Crypto gain, Europe pain
Business|Economy|Europe|Finance|Political

The pressure's on: Five questions for the ECB

The European Central Bank looks set to cut rates again on Thursday as inflation heads down, and financial markets are keen for a sense of

The pressure's on: Five questions for the ECB
Business|Economy|Finance|Stock Markets|US

Inflation report poses test for stocks rally as Fed meeting looms

An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into

Inflation report poses test for stocks rally as Fed meeting looms
Business|Economy|Finance|US

Fed seen poised to cut rates this month, debate 2025 pause

Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained

Fed seen poised to cut rates this month, debate 2025 pause
Business|Economy|Finance|US

Fed's Goolsbee hopes neutral can be in sight by late next year

Chicago Federal Reserve president Austan Goolsbee said that economic conditions will determine how fast the Federal Reserve cuts rates from here, but added he

Fed's Goolsbee hopes neutral can be in sight by late next year
Business|Economy|Food|US

Chipotle is raising US prices after promising bigger portions

Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes

Chipotle is raising US prices after promising bigger portions
Economy|Finance|Political|US

Fed's Bowman, worried by inflation, calls for caution on rate cuts

By Michael S.

Fed's Bowman, worried by inflation, calls for caution on rate cuts
Americas|Business|Economy|Finance

Brazil central bank to step up rate hike campaign on Dec. 11- Reuters poll

The Brazilian central bank will step up its campaign to raise interest rates with a big 75 basis point hike on Dec. 11, possibly also hinting at more

Africa|Economy|Food|Political

Nigeria's Senate seeks to criminalise corn exports to tackle hunger

Nigeria's Senate has passed a bill seeking to make it a crime to export large quantities of unprocessed corn in an effort to alleviate hunger in the West African

Nigeria's Senate seeks to criminalise corn exports to tackle hunger
Business|Economy|Europe|Finance

ECB would welcome a weaker euro :Mike Dolan

The European Central Bank would happily, if quietly, cheer an even weaker euro exchange rate - and may be far more wary of the opposite at just the wrong time.

ECB would welcome a weaker euro :Mike Dolan
Asia|Business|Economy|Finance|US

BOJ is holding cards close to its chest on December rate hike

The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-

BOJ is holding cards close to its chest on December rate hike
Asia|Business|Economy|Finance

India's RBI supports growth with liquidity boost but holds rates amid high inflation

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio that banks are required to hold for

India's RBI supports growth with liquidity boost but holds rates amid high inflation
Business|Economy|Europe|Finance|Political

UK employers cut growth forecasts as tax hikes weigh on economy

One of Britain's leading employers' groups on Friday cut its estimate for economic growth next year due to measures in the new government's first budget,

UK employers cut growth forecasts as tax hikes weigh on economy
Asia|Business|Economy|Finance|Stock Markets

India cenbank may ease policy Friday through liquidity if not rates, analysts say

The Reserve Bank of India may ease monetary conditions on Friday by reducing banks' cash reserve ratios after economic growth slowed to a seven-quarter low, but

India cenbank may ease policy Friday through liquidity if not rates, analysts say
Australia|Business|Economy|Finance

RBA to hold rates steady in December, first cut pushed to Q2: Reuters poll

Australia's central bank will hold interest rates steady on Tuesday as a resilient labour market keeps inflation elevated, according to economists

RBA to hold rates steady in December, first cut pushed to Q2: Reuters poll
Americas|Economy|Political

Argentina central bank cuts benchmark interest rate to 32%

Argentina's central bank on Thursday lowered its benchmark interest rate to 32% from 35%, as the South American nation makes headway in its fight to tame triple-digit inflation.

Argentina central bank cuts benchmark interest rate to 32%
Business|Economy|Food|US

Chipotle Mexican Grill lifts menu prices as input costs rise

Chipotle Mexican Grill said on Wednesday it has raised menu prices by about 2%, as the burrito chain counters higher input costs in the midst of a choppy demand environment for restaurants

Chipotle Mexican Grill lifts menu prices as input costs rise
Business|Economy|Finance|News|US

Retail sales rise 0.6% in August from July as inflation on many items eases but economic challenges remain

Retail sales rise 0.6% in August from July as inflation on many items eases but economic challenges remain

Business|Economy|Finance|US

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'

Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'
Business|Economy|Europe|Finance

Sweden's central bank hikes key interest rate, saying inflation is still too high

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

Sweden's central bank hikes key interest rate, saying inflation is still too high
Asia|Business|Economy|Finance|Stock Markets

Risk is back on the menu for sovereign and public funds, survey shows

Sovereign and public funds managing $6.5 trillion are putting risk back on the menu as inflation fears fall from the list of top concerns, and are betting big on

Risk is back on the menu for sovereign and public funds, survey shows
Economy|Election|Finance|Political|US

Why Trump and the Federal Reserve could clash in the coming years

President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households

Why Trump and the Federal Reserve could clash in the coming years
Business|Economy|Europe|Finance|Political

Key quotes from ECB policymakers ahead of likely rate cut on Dec 12

Following are quotes from ECB policymakers in the run-up to the Dec 12 policy meeting where a rate cut is almost certain and only the size is up for debate, with most seemingly

Key quotes from ECB policymakers ahead of likely rate cut on Dec 12
Business|Economy|Environment|Technology|World

Business leaders fear recession, labour shortages, World Economic Forum says

Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic

Business leaders fear recession, labour shortages, World Economic Forum says
Business|Economy|Finance|Political|US

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates
Business|Economy|Finance|US

Powell says Fed can afford to be a little more cautious

U.S.

Powell says Fed can afford to be a little more cautious
Economy|Finance|Political|US

Powell: Fed's independence from politics is vital to its interest rate decisions

Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome

Powell: Fed's independence from politics is vital to its interest rate decisions
Business|Economy|Finance|US

US economy grew slightly in recent weeks, Fed survey says

U.S. economic activity has expanded slightly in most regions since early October, with employment growth "subdued" and inflation rising at a modest pace and businesses expressing optimism

US economy grew slightly in recent weeks, Fed survey says
Business|Economy|Finance|Stock Markets|Technology|US

BlackRock Investment Institute goes further 'overweight' on U.S. equities

The BlackRock Investment Institute (BII) said on Wednesday that it had gone further "overweight" on U.S. equities as greater adoption of AI unlocks buying opportunities across sectors,

BlackRock Investment Institute goes further 'overweight' on U.S. equities
Business|Economy|US

US services sector activity takes breather in November

U.S. services sector activity slowed in November after posting big gains in recent months, but remained above levels consistent with solid economic growth in the fourth quarter.

US services sector activity takes breather in November
Economy|Europe|Finance|Political

ECB's Lagarde on France: price and financial stability are interlinked

Euro zone economic growth could be weaker in the months ahead and downside risks dominate the medium term outlook, European Central Bank President Christine Lagarde said in a

ECB's Lagarde on France: price and financial stability are interlinked
Economy|Finance|Political|US

Fed's Musalem expects more rate cuts, keeping options open on December meeting

St.

Fed's Musalem expects more rate cuts, keeping options open on December meeting
Business|Economy|Finance|Political|World

Putin urges government and central bank to coordinate action to curb high inflation

Russian President Vladimir Putin called for the government and central bank to coordinate their efforts to curb high inflation, saying on Wednesday that increasing the supply of

Putin urges government and central bank to coordinate action to curb high inflation
Americas|Business|Economy|World

Mexico raises its still-low minimum wage by 12%, but it marks no increase in dollar terms

Mexico has decided to increase its still strikingly low daily minimum wage by 12% next year

Business|Economy|Europe|Finance

BoE's Bailey sticks to 'gradual' script for rate cuts

Bank of England Governor Andrew Bailey reiterated in an interview published on Wednesday that gradual cuts in interest rates are likely over the next year, adding that the process of

BoE's Bailey sticks to 'gradual' script for rate cuts
Asia|Business|Economy|Finance|News|Stock Markets|US

Tech pulls down Asia stocks, dollar gains on inflation data

Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast U.S. inflation knocked back bets for how soon and

Tech pulls down Asia stocks, dollar gains on inflation data
Asia|Business|Economy|Finance

Morning Bid: Central bank sensitive shares face week of data

A look at the day ahead in Asian markets.

Morning Bid: Central bank sensitive shares face week of data
Business|Economy|Europe|Finance

Morning Bid: No holiday for US core inflation

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

Morning Bid: No holiday for US core inflation
Business|Finance

Analysis-Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first

Analysis-Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers
Business|Economy|Finance|News|Stock Markets|US

Futures ease at start of holiday-shortened week

U.S. stock index futures edged lower at the start of a holiday-shortened week on Monday, as investors look ahead to speeches from Federal Reserve officials and a key inflation marker later

Futures ease at start of holiday-shortened week
Business|Economy|Finance|News

Spice maker McCormick beats quarterly results on steady volumes, higher prices

McCormick beat market expectations for first-quarter sales and profit on Tuesday, as consumer demand for its high-priced spices and seasonings held amid sticky inflation.

Spice maker McCormick beats quarterly results on steady volumes, higher prices
Business|Economy|World

Russian services sector expands for fifth month running, PMI shows

Activity across Russia's services sector expanded for a fifth month running in November and at its fastest pace since January, a business survey showed on Wednesday, driven by a rise in

Russian services sector expands for fifth month running, PMI shows
Business|Economy|Food|US

Fast-food companies seeing low-income diners pare orders

Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including

Fast-food companies seeing low-income diners pare orders
Economy

Trader Joe's upped the price of its bananas for the first time in decades. Here's why

It may not be too “appeeling,” but the price of some bananas are rising by a few cents

Trader Joe's upped the price of its bananas for the first time in decades. Here's why
Uncategorized

Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data

By Michael S.

Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
Economy|Finance|News|US

Fed's balancing act could see June rate cut in play even with sticky inflation

Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections

Fed's balancing act could see June rate cut in play even with sticky inflation
Business|Economy|Finance|Stock Markets|US

Investors eye Fed rate cut, earnings as key to sustaining market rally

After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers

Investors eye Fed rate cut, earnings as key to sustaining market rally
Business|Economy|Finance|News|US

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
Economy|Finance|News|US

US inflation increases moderately in February; consumer spending surges

U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest rate cut from the Federal Reserve on the table

Economy|News|Opinion|US

Who wouldn't like prices to start falling? Careful what you wish for, economists say

Many Americans are in a sour mood about the economy for one main reason: Prices feel too high

Who wouldn't like prices to start falling? Careful what you wish for, economists say
Business|Finance|Stock Markets|US

Morning Bid: Manufacturing kicks off jobs-packed week

A look at the day ahead in U.S. and global markets by Amanda Cooper. Today marks the start of a new week, a new month, a new quarter and a new set of data to get investors going.

Morning Bid: Manufacturing kicks off jobs-packed week
Business|Economy|Finance|News

NY Fed inflation gauge sees cooler price pressures in February

The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened in February.

NY Fed inflation gauge sees cooler price pressures in February
Business|Economy|Finance|US

Citadel's Griffin expects US economic landscape to be challenging, more favorable for fixed income

Citadel's hedge fund billionaire Kenneth Griffin told investors he expects the medium-term economic landscape will remain challenging, but more favorable for

Citadel's Griffin expects US economic landscape to be  challenging, more favorable for fixed income
Europe|Finance

Inflation has slid again in Europe. What that means for interest rates

Inflation has fallen again in Europe, to 2.4% in March

Inflation has slid again in Europe. What that means for interest rates
Business|Economy|News|US

US jobs report for March is likely to point to slower but still-solid hiring

The American economy is thought to have added 200,000 jobs in March — a more-than-respectable increase though one that would mark a slowdown from February’s vigorous gain of 275,000 and last year’s monthly average increase of 251,000

US jobs report for March is likely to point to slower but still-solid hiring
Business|Economy|Finance|Stock Markets|US

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
Asia|Business|Finance|Stock Markets|US

Stock market today: Asia stocks rise with market focus on signs of interest rate cut

Asia stocks are mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve

Stock market today: Asia stocks rise with market focus on signs of interest rate cut
Business|Economy|Finance|US

Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?

An eagerly awaited report Wednesday on consumer prices will show whether inflation is still easing, a trend the Federal Reserve will weigh in deciding when and by how much — or even whether — to cut interest rates this year

Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?
Asia|Economy|Finance|Stock Markets|US

Stock market today: Asian shares are mixed, taking hot US inflation data in stride

Asian shares are mixed after U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend

Stock market today: Asian shares are mixed, taking hot US inflation data in stride
Economy|Europe|Finance

When are those rate cuts coming, already? The European Central Bank may be providing some hints

Markets are waiting to hear what European Central Bank President Christine Lagarde has to say about the timing of a first interest rate cut

When are those rate cuts coming, already? The European Central Bank may be providing some hints
Business|Economy|Europe|Finance|Political

ECB rate cut of 25 bps possible, not more, ECB's Holzmann tells paper

It is "conceivable" that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert

ECB rate cut of 25 bps possible, not more, ECB's Holzmann tells paper
Asia|Economy|Finance

Thai November headline inflation misses forecast, below central bank target

Thailand's headline consumer price index (CPI) rose 0.95% in November from a year earlier, driven by higher food and energy prices, after the previous month's annual increase of

Thai November headline inflation misses forecast, below central bank target
Business|Economy|Finance|News|US

US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn

U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates

US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn
Economy|News|US

US consumer sentiment falls slightly as outlook for inflation worsens

Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year

US consumer sentiment falls slightly as outlook for inflation worsens
Business|Economy|Finance|US

Fed's Daly: absolutely no urgency to cut US interest rates

San Francisco Federal Reserve President Mary Daly said on Friday there is still "a lot of work to do" to make sure inflation is on track to the Fed's 2% goal, and there is "absolutely" no

Fed's Daly: absolutely no urgency to cut US interest rates
Business

Inflation still too high for Fed to cut interest rates, Schmid says

By Michael S.

Inflation still too high for Fed to cut interest rates, Schmid says
Business|Economy|Finance|US

US consumer sentiment slips in April; inflation expectations rise

U.S. consumer sentiment ebbed in April while inflation expectations for the next 12 months and beyond increased, a survey showed on Friday.

US consumer sentiment slips in April; inflation expectations rise
Economy|Europe|Finance

Analysis-Europe's economic divergence with US is real but has its limits

Inflation in the euro zone is different to that in the United States, much as ECB President Christine Lagarde insists, but the bloc will

Analysis-Europe's economic divergence with US is real but has its limits
Business|Economy|Technology|US

Soaring insurance costs hit as US buyers finally get a break on car prices

A new form of sticker shock has hit American car buyers like Darin Davis.

Soaring insurance costs hit as US buyers finally get a break on car prices
Economy|Election|Finance|US

Hot inflation may put Fed rate cut in thick of election season

Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a potential collision course with the presidential election

Hot inflation may put Fed rate cut in thick of election season
Business|Economy|Finance|US|World

IMF head says higher US rates could become a worry if they persist

IMF chief Kristalina Georgieva on Thursday said higher U.S. interest rates were not great news for the rest of the world and could become a worry if they

IMF head says higher US rates could become a worry if they persist
Uncategorized

Fed's Collins sees no urgency to cut rates

By Michael S.

Fed's Collins sees no urgency to cut rates
Business|Economy|Finance|US

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

Americans increased their spending pace in March at a better-than-expected pace from February, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer
Business|Economy|Finance|US

US Fed should not act urgently when it's not required, Daly says

San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and

US Fed should not act urgently when it's not required, Daly says
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data

Asian shares have skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
Business|Economy|Finance|News|US

Fed's Powell, Jefferson to square 'restrictive' policy with strong data

Federal Reserve Chair Jerome Powell and Vice Chair Philip Jefferson will make what are likely to be their last public comments before the U.S. central bank's

Fed's Powell, Jefferson to square 'restrictive' policy with strong data
Business|Economy|Finance|News|US

A top Federal Reserve official opens door to keeping rates high for longer

Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation

A top Federal Reserve official opens door to keeping rates high for longer
Business|Economy|Finance|News|US

Fed's Powell suggests that elevated inflation will likely delay rate cuts this year

Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed rate cuts until later this year because “recent data have clearly not given us greater confidence” that price increases are under control

Fed's Powell suggests that elevated inflation will likely delay rate cuts this year
Economy|Europe|Finance|News

UK inflation falls to lowest level since late 2021 as food prices ease further

Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices

UK inflation falls to lowest level since late 2021 as food prices ease further
Business|Economy|US

US economic activity expanded slightly in recent weeks, Fed survey shows

U.S. economic activity expanded slightly from late February through early April and there were fears among firms that progress in lowering inflation would stall, a Federal Reserve survey

US economic activity expanded slightly in recent weeks, Fed survey shows
Business|Economy|News|US

Philly Fed manufacturing gauge charges to 2-year high

Manufacturing activity in the U.S.

Business|Economy|Finance|US

Fed's rate-cut foot-dragging grates on global peers at IMF meetings

Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-

Fed's rate-cut foot-dragging grates on global peers at IMF meetings
Economy|Finance|US

Worsening US debt outlook seen more in gold and bitcoin than in bonds

Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the

Worsening US debt outlook seen more in gold and bitcoin than in bonds
Economy|Finance|US

Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says

Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to drop

Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
Business|Economy|Finance

Hedge funds turn bearish in April, Goldman says

Hedge funds globally have turned the most bearish they've been on equities this year, a Goldman Sachs note said, as sticky inflation and renewed geopolitical

Hedge funds turn bearish in April, Goldman says
Business|Economy|Finance|US

Fed hawks and doves: what US central bankers are saying

U.S. central bankers have kept their target for short-term borrowing costs in the 5.25%-5.50% range since last July, when they completed their 2022-2023 rate-hike campaign to combat soaring

Fed hawks and doves: what US central bankers are saying
Asia|Business|Economy

Japan's service activity perks up as demand improves, PMI shows

Japan's service activity swung back to growth in November as improving demand supported new business, a private sector survey showed on Wednesday.

Australia|Business|Economy

Australia's Q3 GDP growth disappoints, markets now see April start to rate cuts

Australia's economy in the third quarter grew at the slowest annual pace since the pandemic, disappointing hopes for a rebound as government spending did all of the

Australia's Q3 GDP growth disappoints, markets now see April start to rate cuts
Business|Economy|Finance

Japan's yen sags, hits 155 per dollar; US currency advances

The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990 above the key 155 area, with markets alert to any signs of

Japan's yen sags, hits 155 per dollar; US currency advances
Economy|Finance|News|US

More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds

More than one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising faster than their income

More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds
Business|Economy|Finance|US

US growth likely slowed last quarter but still pointed to a solid economy

The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates

US growth likely slowed last quarter but still pointed to a solid economy
Business|Economy|Finance|News|US

Confounding US economic, inflation data cloud Fed's rate path

The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or

Confounding US economic, inflation data cloud Fed's rate path
Business|Economy|Finance|US

US applications for jobless claims fall to lowest level in 9 weeks

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation

US applications for jobless claims fall to lowest level in 9 weeks
Economy|Finance|US

Japan's yen tumbles to 34-year low; US dollar gains after inflation data

The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in

Japan's yen tumbles to 34-year low; US dollar gains after inflation data
Economy|Europe|Finance

Macron dig at ECB remit may jar bond investor nerves :Mike Dolan

The slightly alarming sight of a French leader calling on the European Central Bank to nuance its focus on inflation may be less dramatic than it first seems - but it

Macron dig at ECB remit may jar bond investor nerves :Mike Dolan
Asia|Business|Economy|Finance|Stock Markets|World

Stock market today: Asian benchmarks mostly climb despite worries about US economy

Asian shares are mostly higher despite worries about the economic outlook and inflation in the U.S. and globally

Stock market today: Asian benchmarks mostly climb despite worries about US economy
Economy|News|US

Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid

Fed's preferred inflation gauge shows price pressures stayed elevated last month
Business|Finance|Stock Markets|Technology|US

Lofty US stocks leave investors punishing earnings disappointments

Richly valued U.S. stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and

Lofty US stocks leave investors punishing earnings disappointments
Business|Economy|Finance

Analysis-Inflation hasn't lost its grip on bond markets yet

Government borrowing costs across developed economies saw their biggest jumps in months in April, evidence that bond markets are not yet out of the woods when it comes to

Analysis-Inflation hasn't lost its grip on bond markets yet
Business|Economy|News|US

Growth in US labor costs accelerates in first quarter

U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that

Growth in US labor costs accelerates in first quarter
Economy|Finance|News

Workers' paychecks grew faster in the first quarter, a possible concern for the Fed

Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve

Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
Economy|Europe|Finance

Euro zone rebounds from recession as inflation steadies

The euro zone economy rebounded in the first quarter from a mild recession as Germany returned to growth and expansion accelerated elsewhere, while inflation

Euro zone rebounds from recession as inflation steadies
Economy|Europe|Finance

ECB should start cutting rates in June if inflation keeps falling, De Cos says

The European Central Bank should start cutting interest rates in June if inflation continues its gradual decline as expected, European Central Bank policymaker Pablo Hernandez de

ECB should start cutting rates in June if inflation keeps falling, De Cos says
Business|Economy|Europe|Finance

Euro zone inflation on the deck as yen sways

A look at the day ahead in European and global markets from Ankur Banerjee: A data heavy session, headlined by euro zone inflation figures for April, awaits Europe in an action-packed week that got

Euro zone inflation on the deck as yen sways
Economy|Europe

German inflation creeps up to 2.4% in April

German inflation rose slightly in April due to higher food prices and a smaller drop in energy prices than in previous months, preliminary data from the federal

German inflation creeps up to 2.4% in April
Economy|Finance|News

Russian central bank warns of slower drop in inflation as it holds rates at 16%

Inflation is set to ease more slowly than previously thought, Russia's central bank said on Friday as it held its key

Russian central bank warns of slower drop in inflation as it holds rates at 16%
Asia|Business|Economy|Finance|News

BOJ keeps low rates, hints of future rate hikes fail to stem yen fall

The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit its target of 2% in coming

BOJ keeps low rates, hints of future rate hikes fail to stem yen fall
Business|Finance

Unilever beats sales forecast as customers return to brands

Unilever beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann's mayonnaise won back shoppers who had traded down to cheaper products during

Unilever beats sales forecast as customers return to brands
Africa|Economy|Finance

Inflation in key African economies to slow into next year: Reuters poll

Inflation in key African economies will slow into next year but remain stubbornly high in Nigeria due to sporadic flooding and difficult terrain for the naira

Inflation in key African economies to slow into next year: Reuters poll
Economy|News|World

Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times

Workers and activists around the world are marking May Day with largely peaceful rallies against rising prices and calling for greater rights

Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times
Business|Economy|News|US

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates

US job openings fall to 8.5 million in March, the lowest level in more than 3 years
Business|Economy|Finance|News

German government nudges up 2024 growth forecast

Germany slightly raised its forecast for economic growth this year on Wednesday and eased its inflation outlook, but its economy and finance ministers said structural changes were

German government nudges up 2024 growth forecast
Business|Economy|Europe|Finance

Exclusive-Russian ministry stress scenario has growth stalling, rouble diving, document shows

Stress scenarios from Russia's economy ministry envisage GDP and real income growth almost grinding to a halt next year and the rouble diving from around 93 per

Exclusive-Russian ministry stress scenario has growth stalling, rouble diving, document shows
Economy|Europe|News

ECB's June rate cut not necessarily followed by others, Nagel says

Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June will not necessarily be followed by further policy easing, Bundesbank President Joachim

ECB's June rate cut not necessarily followed by others, Nagel says
Asia|Business|Economy|Finance

Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%

Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter

Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%
Business|Economy|Finance

Timing of first BoE rate cut splits economists between June and Q3 - Reuters poll

The Bank of England will wait until next quarter to lower borrowing costs, according to median forecasts in a Reuters poll, although almost half of those

Timing of first BoE rate cut splits economists between June and Q3 - Reuters poll
Africa|Economy|Finance

Egypt economy seen growing slower after IMF deal before picking up- Reuters poll

Egypt's economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the IMF that came with conditions,

Egypt economy seen growing slower after IMF deal before picking up- Reuters poll
Economy|Europe

Greece's economy to grow by 2.1% in 2024, think tank says

Greece's economy will grow by 2.1% this year under a baseline scenario, the country's influential think tank IOBE said on Tuesday, revising down its previous estimate of 2.4% made in

Greece's economy to grow by 2.1% in 2024, think tank says
Business|Economy|Finance|News

Bank of England's Haskel says looser labour market key for 2% inflation

More slack in Britain's labour market is needed to be confident that inflation will stay at 2%, Bank of England policymaker Jonathan Haskel said on Tuesday.

Bank of England's Haskel says looser labour market key for 2% inflation
Business|Economy

UK businesses expand at fastest pace in 11 months, PMI survey shows

British businesses recorded their fastest growth in activity in nearly a year this month, according to preliminary purchasing managers' data that points to a

UK businesses expand at fastest pace in 11 months, PMI survey shows
Business|Economy|Finance|Food|News

British grocery inflation dips to 3.2%, says Kantar

UK grocery price inflation fell for the 14th month in a row in April, partly driven by an increase in supermarkets' promotional activity, industry data showed on

British grocery inflation dips to 3.2%, says Kantar
Asia|Economy|Finance|News

Japan's March price trend gauge rises at slowest pace in 11 months

A key measure of Japan's trend inflation slowed to 1.3% in March, marking the smallest year-on-year increase in 11 months, data showed on Tuesday.

Japan's March price trend gauge rises at slowest pace in 11 months
Asia|Business|Economy|Finance

BOJ to project inflation will stay around target, signal chance for rate hike

The Bank of Japan is expected to project inflation will stay around its 2% target for the next three years in new forecasts due on Friday, signalling

BOJ to project inflation will stay around target, signal chance for rate hike
Business|Economy|Europe|Finance

Analysis-ECB governors stick to plan for multiple rate cuts despite global headwinds

European Central Bank officials are sticking to plans to cut interest rates multiple times this year, even as higher U.S. inflation delays a pivot to looser

Analysis-ECB governors stick to plan for multiple rate cuts despite global headwinds
Americas|Economy|Finance|News

Argentina economic activity seen plunging 6% in February- Reuters poll

Argentina's economic activity likely plunged 5.9% year-on-year in February, a Reuters poll of market analysts showed on Monday, which would make a fourth

Asia|Economy|Finance

Japan's yen falls to 1990 lows, dollar/yen nears 155

The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the yen.

Japan's yen falls to 1990 lows, dollar/yen nears 155
Americas|Economy|Election|Finance|News

Mexico economy to keep growing steadily after June presidential vote: Reuters poll

Mexico's economy is set to grow steadily after June's presidential election, in line with a decent performance in the United States, while the fiscal front

Mexico economy to keep growing steadily after June presidential vote: Reuters poll
Business|Economy|Finance|News

Bank Indonesia's first rate cut pushed to Q3, smaller cuts this year as rupiah falls - Reuters poll

Bank Indonesia will cut its key interest rate next quarter and again in the fourth quarter, later than previously expected, as inflation rises and the rupiah

Bank Indonesia's first rate cut pushed to Q3, smaller cuts this year as rupiah falls - Reuters poll
Asia|Finance

Powell sparks stock volatility, yen soars

A look at the day ahead in Asian markets. Asia gets back up toward full speed on Thursday after many markets were closed for the May Day holiday, with the U.S.

Powell sparks stock volatility, yen soars
News|US

Fed leaves rates unchanged, flags 'lack of further progress' on inflation

The U.S.

Fed leaves rates unchanged, flags 'lack of further progress' on inflation
Business|Economy|Finance|US

FOMC holds rates in place and will slow balance sheet drawdown

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier

FOMC holds rates in place and will slow balance sheet drawdown
Business|Economy|Finance|News|Stock Markets|US

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
Business|Economy|Food

US fast-food chains may have to amp up promotions as more people eat at home

Global fast food giants may have to

US fast-food chains may have to amp up promotions as more people eat at home
Business|Finance|Stock Markets

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in

KFC parent Yum reports surprise drop in global same-store sales on weak demand
Economy|Europe|Finance|US

Fed day focus is on what Jay says

A look at the day ahead in European and global markets from Kevin Buckland The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates

Fed day focus is on what Jay says
Business|Economy|Finance|News|US

Number of Americans applying for jobless claims remains historically low

The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation

Number of Americans applying for jobless claims remains historically low
Business|Economy|Finance|News

The Fed indicated rates will remain higher for longer. What does that mean for you?

The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy

The Fed indicated rates will remain higher for longer. What does that mean for you?
Business|Economy|Finance|US

Weak US productivity could threaten Fed's 'soft landing' hopes

Weaker U.S. productivity gains in the first quarter may challenge the Federal Reserve's efforts to finish its inflation fight without a painful rise in

Weak US productivity could threaten Fed's 'soft landing' hopes
Business|Economy|Europe|Finance|News|Stock Markets

European shares ease after Fed decision, mixed earnings

European shares fell slightly in their first May trading session on Thursday as investors returned from a mid-week holiday to gauge a slew of earnings

European shares ease after Fed decision, mixed earnings
Business|Economy|Finance|News|US

US labor market still tight; productivity falters in first quarter

The number of Americans filing new claims for unemployment benefits held steady at a low level last week, pointing to a still fairly tight labor market that

US labor market still tight; productivity falters in first quarter
Business|Economy|Finance|Stock Markets|US

US productivity slows sharply in first quarter

U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.

US productivity slows sharply in first quarter
Business|Economy|Europe|News

Euro zone factory activity takes turn for the worse in April, PMI survey shows

The downturn in manufacturing activity across the euro zone deepened in April due to crumbling demand despite factories cutting prices, pushing firms to reduce

Euro zone factory activity takes turn for the worse in April, PMI survey shows
Business|Economy|Finance|News|US

OECD upgrades global growth outlook as U.S. outperforms

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected

OECD upgrades global growth outlook as U.S. outperforms
Asia|Economy|Finance|News

Indonesia's inflation rate eases slightly in April

Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the

Indonesia's inflation rate eases slightly in April
Business|Economy|Finance|News|US

Powell's soothing tone may not be enough for inflation-spooked markets

Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S.

Powell's soothing tone may not be enough for inflation-spooked markets
Americas|Economy|News

Venezuelan public employees to receive $130 per month in bonuses

Public employees in Venezuela will receive $130 per month in bonuses, President Nicolas Maduro said on Wednesday, amid demands by workers for salary increases and

Venezuelan public employees to receive $130 per month in bonuses
Economy|Finance|News|US

US employers scaled back hiring in April. How that could let the Fed cut interest rates

The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market

US employers scaled back hiring in April. How that could let the Fed cut interest rates
Business|Europe|Finance

ECB's Lagarde says inflation more likely to ease but risks both ways

Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine

ECB's Lagarde says inflation more likely to ease but risks both ways
Economy|Finance|Stock Markets|US

US equity funds see sharp outflows as investors brace for extended high rates

U.S. equity funds suffered sharp outflows in the seven days to April 17 as investors anticipated prolonged restrictive interest rates amid stubborn inflation in a resilient U.S. economy.

US equity funds see sharp outflows as investors brace for extended high rates
Asia|Business|Economy|Finance

IMF tells Asian central banks not to follow Fed too closely

The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation and avoid tying their policy decisions too closely to

IMF tells Asian central banks not to follow Fed too closely
Business|Economy|Europe|Finance

ECB's Stournaras sees just three rate cuts in 2024 on strong growth

The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis

ECB's Stournaras sees just three rate cuts in 2024 on strong growth
Business|Economy|Finance|US

Fed's Williams says 2% inflation target 'critical'

The U.S. central bank's 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York Federal

Fed's Williams says 2% inflation target 'critical'
Business|Economy|Finance|News

Canada services PMI climbs to 10-month high in April

Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures

Canada services PMI climbs to 10-month high in April
Business|Economy|Finance|Stock Markets|US

US small caps struggle as elevated interest rates take a toll

The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies,

US small caps struggle as elevated interest rates take a toll
Americas|Economy|Political

Venezuela's 2025 budget set to grow nearly 11%, oil to contribute less

Venezuela's government is planning a budget of $22.7 billion for next year, the country's Vice President Delcy Rodriguez told lawmakers at the government-allied

Venezuela's 2025 budget set to grow nearly 11%, oil to contribute less
Business|Economy|Finance|US

Fed policymakers steer clear of December rate-cut guidance

U.S. central bankers on Tuesday said they continue to believe inflation is heading down to their 2% target and signaled support for further interest rate

Fed policymakers steer clear of December rate-cut guidance
Economy|News|US

Fed's Barkin: Ending inflation likely to require a hit to demand

Finishing the battle against inflation will likely require a hit to demand, after a year in which U.S. price pressures cooled largely through

Fed's Barkin: Ending inflation likely to require a hit to demand
Asia|Business|Finance

RBA up next, Hang Seng eyes 11th rise

A look at the day ahead in Asian markets.

RBA up next, Hang Seng eyes 11th rise
Asia|Business|Economy|Finance

Malaysia central bank to keep rates unchanged at least until 2026 - Reuters poll

Bank Negara Malaysia (BNM) will leave its key interest rate at 3.00% and keep it unchanged at least until 2026, despite a weakening currency and a

Malaysia central bank to keep rates unchanged at least until 2026 - Reuters poll
Business|Finance|US

Wall St loses steam, dollar gains as investors mull rate cut timing

Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts

Wall St loses steam, dollar gains as investors mull rate cut timing
Uncategorized

Chile central bank says economy recovering but some sectors lag

By Natalia A.

Chile central bank says economy recovering but some sectors lag
Americas|Economy|Finance|News

Inflation-hit Argentina launches new top banknote, worth just $10

Argentina has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill but still only worth around $10 as the South American country grapples with the

Inflation-hit Argentina launches new top banknote, worth just $10
Asia|Business|Economy|Finance|News

Bank of Japan issues stronger warning over yen's impact on policy

The Bank of Japan may take monetary policy action if yen falls affect prices significantly, governor Kazuo Ueda said on Wednesday, offering the

Bank of Japan issues stronger warning over yen's impact on policy
Business|Economy|Finance|Stock Markets|US

Stocks slip, dollar gains as market awaits inflation data

Global equity markets mostly faltered on Wednesday as investors await fresh inflation data to better assess the likelihood of Federal

Stocks slip, dollar gains as market awaits inflation data
Business|Economy|Europe|Finance

German economy likely to stagnate in 2024, IW forecasts

Germany's economy will stagnate in 2024 despite a stronger than expected start to the year, and will continue to lag behind European peers, according to German

German economy likely to stagnate in 2024, IW forecasts
Business|Economy|Finance|News

India sees no 'nasty' upside to inflation, govt adviser says

India does not see any nasty upside to inflation at the moment, and expects its economy to expand by more than 7% in the current fiscal year, V.

India sees no 'nasty' upside to inflation, govt adviser says
Economy|Europe|Finance|News

ECB can cut rates and should rethink how it sets policy, Wunsch says

The European Central Bank can press ahead with interest rate cuts this year but needs to rethink how it forecasts inflation and sets policy based on these projections, Belgian

ECB can cut rates and should rethink how it sets policy, Wunsch says
Uncategorized

Fed's Collins says economy may need to weaken to get 2% inflation

By Michael S.

Fed's Collins says economy may need to weaken to get 2% inflation
Economy|Finance

With inflation soaring, Argentina will start printing 10,000 peso notes

Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10

With inflation soaring, Argentina will start printing 10,000 peso notes
Economy|News|US

Fed's communications style scores well with analysts but not public

Through a tumultuous period of high inflation, aggressive interest rate hikes, and global instability, the U.S.

Fed's communications style scores well with analysts but not public
Business|Economy|Finance|News

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
Business|Economy|Europe|Finance|US

Interest rates start to fall in Europe as the Fed lags

Global central banks that moved together to battle inflation are starting to scatter, with European rate setters turning dovish while the U.S.

Interest rates start to fall in Europe as the Fed lags
Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street coasts to the finish line of another winning week

U.S. stocks coasted to the close of another winning week with a quiet, mixed finish

Stock market today: Wall Street coasts to the finish line of another winning week
Asia|Economy|News

Japan economy expected to shrink in Q1 due to weak consumption

Japan's economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to an uncertain outlook, a Reuters poll

Japan economy expected to shrink in Q1 due to weak consumption
Economy|Europe|Finance|News

ECB set scene for June rate cut at last meeting, account shows

Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a record high in June, the

ECB set scene for June rate cut at last meeting, account shows
Asia|Economy|Finance

Govt panel members urge BOJ vigilance on weak yen's impact on demand

Private-sector members of a key government panel on Friday urged the Bank of Japan to be vigilant to the risk of sharp declines in the yen

Govt panel members urge BOJ vigilance on weak yen's impact on demand
Economy|Finance|News|US

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise

US consumer sentiment drops to 6-month low on inflation, unemployment fears
Business|Economy|Finance|US

Fed officials mull whether rates high enough as inflation expectations jump

Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a

Fed officials mull whether rates high enough as inflation expectations jump
Americas|Economy|Finance

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows

Brazil's annual inflation continued to trend down but slightly less than expected in April, official data showed on Friday, in the first consumer price readings after the

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows
Asia|News

Inflation, tariffs dominate market landscape

A look at the day ahead in Asian markets.

Inflation, tariffs dominate market landscape
Economy|Finance|News|US

Dollar eases as market awaits key inflation data

The dollar eased versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and

Dollar eases as market awaits key inflation data
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges

Asian shares are mixed in muted trading after U.S. stock indexes were little changed

Stock market today: Asian shares mixed in muted trading after Wall Street barely budges
Economy|Finance|News|US

Are US interest rates high enough to beat inflation? The Fed will take its time to find out

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year

Are US interest rates high enough to beat inflation? The Fed will take its time to find out
Business|Economy|Finance|News|Stock Markets

S&P 500 barely changes as investors hold tight ahead of inflation data

The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and

S&P 500 barely changes as investors hold tight ahead of inflation data
Asia|Economy|Finance|News

India's retail inflation eases slightly in April, surge in food prices continues

India's retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed on

India's retail inflation eases slightly in April, surge in food prices continues
Uncategorized

NY Fed survey finds general expectations of higher inflation

By Michael S.

NY Fed survey finds general expectations of higher inflation
Business|Economy|Finance|US

Corporate greed not to blame for price pressures, Fed study shows

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

Corporate greed not to blame for price pressures, Fed study shows
Asia|Business|Finance

Philippine central bank to keep rates on hold on May 16, first cut pushed to Q4: Reuters poll

The Philippine central bank will keep its key policy rate unchanged on Thursday, according to a Reuters poll of economists who now expected the

Philippine central bank to keep rates on hold on May 16, first cut pushed to Q4: Reuters poll
Business|Economy|Finance|US

Dollar slips after unexpected rise in US producer prices

The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and

Dollar slips after unexpected rise in US producer prices
Asia|Business|Finance|Stock Markets

Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update

Asian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high

Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update
Economy|Europe|Finance|News

German final inflation confirmed at 2.4% in April

German inflation inched up in April to 2.4%, the federal statistics office said on Tuesday, confirming preliminary data.

German final inflation confirmed at 2.4% in April
Americas|Economy|Finance

Argentina cuts rates again as inflation crests near 300%

Argentina's central bank cut the benchmark interest rate on Tuesday after inflation slowed for the fourth straight month and the annual rate

Argentina cuts rates again as inflation crests near 300%
Business|Economy|Finance|US

Inflation vigil sees single stock sideshows

A look at the day ahead in U.S. and global markets from Mike Dolan Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh

Inflation vigil sees single stock sideshows
Economy|Finance|News|Stock Markets|US

Traders pare bets on Sept start to Fed rate cuts

Traders on Tuesday pared bets the Federal Reserve will deliver a first interest-rate cut in September after a government report showed wholesale prices rose more than expected in April. 

Traders pare bets on Sept start to Fed rate cuts
Economy|Finance|News|US

Fed's Powell downplays potential for a rate hike despite higher price pressures

Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again

Fed's Powell downplays potential for a rate hike despite higher price pressures
Economy|Finance|US

Hopes for 'soft landing' at stake as investors await US inflation data

Investors’ newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that

Hopes for 'soft landing' at stake as investors await US inflation data
Americas|Economy|Finance

Argentina traders bet on another big rate cut as inflation eases

Argentine market traders are betting the central bank will cut its benchmark interest rate again this week given the slowdown in monthly inflation and a planned

Argentina traders bet on another big rate cut as inflation eases
Business|Economy|Finance|News|US

Dollar swoons after data suggests rate cut in September

The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter,

Dollar swoons after data suggests rate cut in September
News|Asia|Economy|Finance|US

Stock market today: Asian shares advance after another round of Wall St records

Asian shares are higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction

Stock market today: Asian shares advance after another round of Wall St records
News|Economy|US

US inflation eased last month in the first slowdown of 2024

Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team

US inflation eased last month in the first slowdown of 2024
Business|Economy|Finance

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome

Retail sales were unchanged in April from March as inflation and interest rates curb spending
Economy|Finance|News|US

US consumer prices rise less than expected; retail sales flat

U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market

US consumer prices rise less than expected; retail sales flat
Africa|Economy|News

Nigeria inflation scales new 28-year peak in April

Nigeria's headline consumer inflation accelerated to a new 28-year high in April, hitting 33.69% year-on-year, up from 33.20% in March, statistics agency data

Nigeria inflation scales new 28-year peak in April
Business|Economy|Europe|Finance|Political

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Import tariffs expected to be implemented by the administration of U.S.

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says
Economy|Finance|News|US

Dollar rebounds on high US import prices

The dollar rose on Thursday after data showed U.S. import prices increased 0.9% last month, a jump that raised concerns the Federal

Dollar rebounds on high US import prices
Asia|Economy|Finance|News

South Korea's state-run think tank raises GDP, inflation forecasts

South Korea's state-run think tank on Thursday raised its economic growth forecast for this year and said inflation is expected to ease at a slightly slower pace, as it noted the

South Korea's state-run think tank raises GDP, inflation forecasts
Business|Economy|Finance

Israel Q1 economic growth rebounds 14.1%, lifted by shopping, building

Israelis resumed shopping and businesses invested in residential housing in the first three months of 2024, leading to a sharp economic rebound after growth was

Israel Q1 economic growth rebounds 14.1%, lifted by shopping, building
Business|Economy|News|US

US applications for jobless benefits come back down after last week's 9-month high

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced

US applications for jobless benefits come back down after last week's 9-month high
Economy|Finance|News|US

Labor Department accidentally released some inflation data early on Wednesday

A subset of key and highly sensitive U.S. inflation data was inadvertently published about 30 minutes ahead of its scheduled release on Wednesday, the Bureau of Labor Statistics said, and

Economy|News|US

Fed remains cautious on cuts even as data improves

Data this week offered the U.S.

Fed remains cautious on cuts even as data improves
Economy|Finance

Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate

Brazil's Finance Ministry on Thursday hiked its projection for economic growth this year but also raised inflation estimates for 2024 and 2025, underlining price impacts from

Brazil's government hikes 2024 GDP forecast, sees higher inflation, terminal rate
Asia|Business|Economy

Malaysia's economy grows faster than expected, inflation risks cloud outlook

Malaysia's economy grew faster than expected in the first quarter of 2024, helped by household spending and a turnaround in exports, though

Malaysia's economy grows faster than expected, inflation risks cloud outlook
Business|Economy|Finance|US

Dollar mostly flat as market mulls inflation outlook

The dollar retreated against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve

Dollar mostly flat as market mulls inflation outlook
Business|Economy|Finance|Stock Markets|US

Global equity funds draw inflows on rate cut hopes, soft US economic data

Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures,

Global equity funds draw inflows on rate cut hopes, soft US economic data
Business|Economy|Finance|US

NY Fed announces launch of new supply chain pressure metrics

The Federal Reserve Bank of New York is bolstering its data offerings tracking the state of supply chains.

NY Fed announces launch of new supply chain pressure metrics
Business|Economy|Finance|US

Dollar edges higher as investors await Fed guidance

The dollar edged up against the euro on Monday as investors awaited further clues on the path of U.S. interest rates in the wake of cautious comments from

Dollar edges higher as investors await Fed guidance
Business|Economy|Finance|News|US

Oil eases on worries about US inflation, interest rates

Oil prices eased less than 1% on Monday as U.S.

Oil eases on worries about US inflation, interest rates
Economy|Finance|News|US

New supply chain pressure metric shows improvement has stalled, says NY Fed

A new set of supply availability indexes show that improvement in firms' access to inputs hit a wall over the past couple of months, the Federal Reserve Bank of New York said on Monday.

New supply chain pressure metric shows improvement has stalled, says NY Fed
Economy|Finance|News|US

Fed's Barr: Inflation data 'disappointing,' tight policy needs more time

U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday,

Fed's Barr: Inflation data 'disappointing,' tight policy needs more time
Business|Economy|Finance|US

Dollar firm as Fed officials urge patience on rate cuts

The U.S. dollar edged up against the euro on Tuesday, as Federal Reserve policymakers said it is prudent for the U.S. central

Dollar firm as Fed officials urge patience on rate cuts
Economy|Europe

German producer prices fall more than expected in April

German producer prices fell more than expected in April due mainly to lower energy prices, the federal statistics office reported on Tuesday. Producer prices decreased by 3.3% on the year.

Business|Economy|Finance|News

Explainer: With inflation falling fast, will the BoE quickly cut rates?

Britain's once towering inflation rate looks set to fall close to the Bank of England's 2% target on Wednesday, but it may be other figures in the data that influence the BoE's

Explainer: With inflation falling fast, will the BoE quickly cut rates?
Business|Finance|US

U.S. auto insurance shoppers jump 6% in Q1, TransUnion says

The number of U.S. customers shopping for auto insurance in the first quarter was 6% higher than a year earlier, according to credit reporting agency TransUnion, underscoring efforts to

U.S. auto insurance shoppers jump 6% in Q1, TransUnion says
Asia|Economy|Finance

Sri Lanka inflation rises to 2.7% in April from 2.5% in March

Sri Lanka's consumer price inflation rose to 2.7% in April from 2.5% in March, official data showed on Tuesday.

Sri Lanka inflation rises to 2.7% in April from 2.5% in March
Business|Economy|Europe|Finance

Back-to-back ECB rate cuts not a given, Nagel says

The European Central Bank should not necessarily follow up a rate cut in June with another move the following month, even if inflation is on its way to target, Bundesbank

Back-to-back ECB rate cuts not a given, Nagel says
Economy|Finance

Argentina's economy seen hitting steepest fall since 2020 in March

Argentina's economic activity index is expected to have shrunk 6.9% year-on-year in March, its deepest drop since 2020 and the fifth monthly contraction in a

Argentina's economy seen hitting steepest fall since 2020 in March
Finance|News|World

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4
Economy|Finance|News|US

Dollar higher against euro as Fed minutes support

The dollar rose against the euro on Wednesday after minutes of the last Fed meeting showed officials acknowledging disappointment over recent inflation

Dollar higher against euro as Fed minutes support
Business|Economy|Finance|News

Japanese business confidence weighed down by weak yen, price pressures - Reuters poll

Japanese business morale held steady in May, but manufacturers and service-sector firms complained that inflationary pressures driven by the weak yen were

Japanese business confidence weighed down by weak yen, price pressures - Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Nvidia nears, UK CPI lunge misses target

A look at the day ahead in U.S. and global markets from Mike Dolan While the inflation and interest rate world continues to throw up unpleasant surprises, it's hard to imagine much of a shift in major

Nvidia nears, UK CPI lunge misses target
Business|Economy|Finance|Stock Markets

Bank of Canada could tilt to July rate cut to benefit from flood of data

The Bank of Canada (BoC) may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the

Bank of Canada could tilt to July rate cut to benefit from flood of data
Business|Economy|Finance|News|US

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
Business|Economy|News|US

US applications for jobless benefits fall as labor market continues to thrive

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low levels

US applications for jobless benefits fall as labor market continues to thrive
Asia|Business|Economy|Finance|Stock Markets

India May business growth robust as exports rise at record pace, PMI shows

Business activity in India expanded robustly in May, helped by the dominant services industry, according to a survey that also showed exports rising at a record

India May business growth robust as exports rise at record pace, PMI shows
Asia|Business|Economy|Finance|News

Japan's inflation slows further, keeping BOJ cautious on further rate hikes

Japan's core inflation slowed for a second straight month in April, likely signalling that the Bank of Japan will be patient in raising

Japan's inflation slows further, keeping BOJ cautious on further rate hikes
Economy|Finance|Stock Markets|US

Global equity funds see strong weekly inflows on U.S. rate cut hopes

Global equity funds secured robust inflows in the week ended May 22, driven by optimism over slowing inflation and expectations of U.S.

Global equity funds see strong weekly inflows on U.S. rate cut hopes
Business|Economy|Europe

German economy grew 0.2% in Q1, stats office confirms

The German economy grew by 0.2% in the first three months of 2024, the statistics office reported on Friday, confirming preliminary data.

German economy grew 0.2% in Q1, stats office confirms
Asia|Business|Economy|Finance

Japan factory output seen up, inflation complicates BOJ exit - Reuters poll

Japanese factory output likely grew for a second straight month in April while retail sales picked up, a Reuters poll showed on Friday, highlighting budding

Japan factory output seen up, inflation complicates BOJ exit - Reuters poll
Economy|Finance|News|US

US's Yellen expresses concern over rising living costs, FT says

U.S. Treasury Secretary Janet Yellen expressed concern over substantial increases in living costs, the Financial Times said on Friday.

US's Yellen expresses concern over rising living costs, FT says
Business|Economy|Europe|Finance|News

ECB's Panetta says consensus growing on need for rate cut

There is growing consensus within the European Central Bank over the need for a first rate cut as inflation is diminishing, creating the conditions to ease its monetary

ECB's Panetta says consensus growing on need for rate cut
Economy|Europe|Finance

ECB's Cipollone says recent data backs easing

Recent economic data strengthens the European Central Bank's confidence about lowering borrowing costs as inflation eases, ECB board member Piero Cipollone said on Sunday.

ECB's Cipollone says recent data backs easing
Economy|Europe|Finance|News

Shares nudge higher as US, EU inflation data loom

World shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S.

Shares nudge higher as US, EU inflation data loom
Economy|Europe|Finance|Stock Markets

European shares end holiday-affected session higher as bond yields ease

European stocks closed slightly higher on Monday and government bond yields eased, amidst hints of upcoming interest rate cuts by the European Central

European shares end holiday-affected session higher as bond yields ease
Economy|Europe|Finance|News

ECB has room to cut rates but should take its time, policymakers say

The European Central Bank has room to cut interest rates as inflation slows but must take its time in easing policy, even if the direction of travel is already clear, key policymakers said

ECB has room to cut rates but should take its time, policymakers say
Economy|Europe|Finance

ECB's Lane says cuts will depend on underlying inflation, demand

The European Central Bank will cut interest rates at a slower or faster pace depending on the strength of underlying inflation and demand, ECB chief economist Philip Lane said on

ECB's Lane says cuts will depend on underlying inflation, demand
Asia|Economy|Finance|News

Sri Lanka holds rates to manage inflation, foster economic stability

Sri Lanka's central bank held interest rates steady on Tuesday to ensure inflation pressures remain in check as authorities look to foster economic stability

Sri Lanka holds rates to manage inflation, foster economic stability
Business|Economy|US

Layoffs can be part of running a small business. Some tips for owners on handling them

With stubborn inflation and higher costs, layoffs at small businesses are sometimes a necessity

Layoffs can be part of running a small business. Some tips for owners on handling them
Business|Economy|Finance|Food

Brazil consumer prices rise less than expected in mid-May

Consumer prices in Brazil rose less than expected in the month to mid-May, data from statistics agency IBGE showed on Tuesday, as the impact on food

Brazil consumer prices rise less than expected in mid-May
Business|Economy|Finance|US

US consumer confidence recovers; inflation worries persist

U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about

US consumer confidence recovers; inflation worries persist
Economy|Europe|Finance

ECB to focus on quarterly meetings with slow, gradual rate cuts, Knot says

The European Central Bank can gradually reduce interest rates given the decline in inflation, and decisions on future cuts could centre around quarterly meetings with new economic

ECB to focus on quarterly meetings with slow, gradual rate cuts, Knot says
Economy|Finance|US

Fed's Kashkari wants significant progress on inflation before rate cuts

Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that the U.S. central bank should wait for significant progress on inflation

Fed's Kashkari wants significant progress on inflation before rate cuts
Business|Economy|Europe|Finance

Euro zone consumers lower inflation expectation, ECB survey shows

Euro zone consumers lowered their inflation expectations last month, a fresh European Central Bank survey showed on Tuesday, just as the bank was making plans to start rolling

Euro zone consumers lower inflation expectation, ECB survey shows
Business|Economy|Finance

UK shop price growth back to normal, retailers say

Prices in British shops rose at the slowest pace in 2-1/2 years this month, according to the British Retail Consortium which said the rate of inflation in the sector was back to

UK shop price growth back to normal, retailers say
Business|Europe|Finance|Stock Markets|US

Soaring yields sour sentiment

A look at the day ahead in European and global markets from Kevin Buckland Soaring bond yields continued to unnerve equity investors on Wednesday, with benchmark U.S.

Soaring yields sour sentiment
Business|Economy|Finance|News|US

Stocks wilt, bond yields jump as investors focus on rates

A global equities gauge fell on Wednesday while U.S.

Stocks wilt, bond yields jump as investors focus on rates
Business|Economy|Europe|Finance

June ECB rate cut a done deal, majority expects cuts in Sept, Dec too : Reuters poll

A European Central Bank interest rate cut on June 6 appears certain, according to all 82 economists polled by Reuters, a majority of whom predicted two further

June ECB rate cut a done deal, majority expects cuts in Sept, Dec too : Reuters poll
Economy|Europe|Finance|News

Inflation up in three German states, pointing to slight national rise

Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe's biggest economy may rise slightly, although price growth

Inflation up in three German states, pointing to slight national rise
Business|Economy|Food|US

McDonald's top US exec denounces viral reports of runaway prices

McDonald's top U.S. executive denounced viral reports of runaway Big Mac prices as painting an inaccurate picture of the company, which has seen its profits surge by

McDonald's top US exec denounces viral reports of runaway prices
Business|Food|News

McDonald's says $18 Big Mac meal was an 'exception' and news reports overstated its price increases

McDonald’s is fighting back against media reports it says have exaggerated its price increases

McDonald's says $18 Big Mac meal was an 'exception' and news reports overstated its price increases
Asia|Business|Finance

Global yield spike saps risk appetite

A look at the day ahead in Asian markets.

Global yield spike saps risk appetite
Business|Economy|Finance

Biding time before the data dump

A look at the day ahead in European and global markets from Rae Wee The lack of fresh market moving catalysts on Thursday meant that the higher-for-longer rates narrative was here to stay, at least

Biding time before the data dump
Economy|Finance|US

The number of Americans applying for jobless benefits inches up, but layoffs remain low

The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates

The number of Americans applying for jobless benefits inches up, but layoffs remain low
Business|Economy|Food

Hardship, insecurity cloud Nigeria president's first year in office

Nigerian Josephine Akiga looks around her empty restaurant in Abuja, where a sole customer sits eating, longing for the days when the place

Hardship, insecurity cloud Nigeria president's first year in office
News|US

Fed's Goolsbee says inflation could still fall without rising unemployment

U.S.

Fed's Goolsbee says inflation could still fall without rising unemployment
Asia|Economy|News

Mixed inflation data, soft output raise uncertainty on BOJ's rate-hike timing

Core consumer inflation in Japan's capital accelerated in May on rising electricity bills but price growth excluding the effect of fuel eased,

Mixed inflation data, soft output raise uncertainty on BOJ's rate-hike timing
Economy|Finance|News|US

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
Business|Economy|Finance|News

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says

Pakistan's Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%.

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says
Economy|Finance|Stock Markets|US

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve

US equity funds hit by outflows on rising yields, rates uncertainty
Asia|Business|Economy|News

Japan's May factory activity expands for first time in a year, PMI shows

Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a

Japan's May factory activity expands for first time in a year, PMI shows
Asia|Finance

PMI-fest kicks off new month, spotlight on China

A look at the day ahead in Asian markets.

PMI-fest kicks off new month, spotlight on China
Economy|Finance|News|World

Turkey inflation hits 75% in expected peak before relief

Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, official data showed on Monday, in what is expected to

Turkey inflation hits 75% in expected peak before relief
Business|Economy|Finance|US

US factory activity, construction spending both fall

U.S. manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in nearly two years, and spending on construction projects slipped

US factory activity, construction spending both fall
Business|Economy|Europe|Finance|Stock Markets

European shares kick-off June on a high note in anticipation of ECB rate cut

European shares rose for the third straight session on Monday, led by bond-proxy sectors, as investors looked to a near certain interest rate cut from the

European shares kick-off June on a high note in anticipation of ECB rate cut
Asia|Economy|Finance|News

Japan's govt to warn of weak yen pain in policy roadmap, draft shows

Japan's government will warn of the pain a weak yen may inflict on households in this year's long-term economic policy roadmap, a draft seen by Reuters showed, as

Japan's govt to warn of weak yen pain in policy roadmap, draft shows
Business|Economy|Europe|Finance

Dazed dollar set for more macro jolts?

A look at the day ahead in European and global markets from Kevin Buckland The once invincible dollar was still reeling on Tuesday after more macro evidence that the U.S. exceptionalism narrative may

Dazed dollar set for more macro jolts?
Africa|Economy|News

Egyptians struggle with first bread subsidy cut in decades

A quadrupling of the price of subsidised bread has made it harder than ever for Gamal Ahmad and millions of other Egyptians to get by.

Egyptians struggle with first bread subsidy cut in decades
Economy

India's May services growth cools to five-month low, PMI shows

Growth in India's services activity growth slowed to a five-month low in May as robust domestic demand weakened, according to a survey, which also showed exports

India's May services growth cools to five-month low, PMI shows
Asia|Australia|Business|Economy|Finance|News|World

Australia economy slows to a crawl in Q1, grows 0.1% q/q

Australia's economy slowed to a crawl in the March quarter as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even as the

Australia economy slows to a crawl in Q1, grows 0.1% q/q
Business|Economy|Finance

Japan's service activity extends gains, price pressures persist, PMI shows

Japan's service activity extended robust gains in May, a private sector survey showed on Wednesday, amid persistent inflationary pressures that have boosted expectations for another

Japan's service activity extends gains, price pressures persist, PMI shows
Economy|Finance|US

US dollar to weaken, but Fed rate cuts are required, say strategists

The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who

US dollar to weaken, but Fed rate cuts are required, say strategists
Business|Economy|Finance|News

Canada becomes first G7 nation to cut interest rates

The Bank of Canada trimmed its key policy rate on Wednesday, the first G7 country to do so, in a widely expected move that will ease pressure

Canada becomes first G7 nation to cut interest rates
Economy|News

Soaring wages, record-low unemployment underscore Russia's labour squeeze

Russia's unemployment rate dropped to a record-low 2.6% in April and real wages soared in March, data published by the federal statistics service

Soaring wages, record-low unemployment underscore Russia's labour squeeze
US

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll

The U.S.

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
Business|Economy|Europe|Finance|Stock Markets|US|World

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
Economy|Europe|Finance|News

ECB sees higher growth, inflation

The European Central Bank raised some of its economic growth and inflation projections on Thursday, predicting a somewhat later return of price growth to its 2% target.

ECB sees higher growth, inflation
Economy|Europe|Finance

ECB delivers its first rate cut in five years

The European Central Bank cut rates for the first time in five years on Thursday, but kept investors in the dark about its next move, given increasing uncertainty over inflation after a

ECB delivers its first rate cut in five years
Economy|Europe|Finance

Lagarde comments at ECB press conference

The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in its battle against high inflation but also signalling that fight

Lagarde comments at ECB press conference
Business|Economy|Finance|News|US

US hiring and wage growth picked up last month in sign of sustained economic health

America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates

US hiring and wage growth picked up last month in sign of sustained economic health
Business|Economy|News|US

US job gains surge past expectations, wage growth quickens

The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labor market and reducing the

US job gains surge past expectations, wage growth quickens
Business|Economy|Europe|Finance

German central bank warns on inflation and cuts 2024 growth outlook

Upward pressure from wages means inflation is proving stubborn, Germany's central bank said on Friday, a day after the European

German central bank warns on inflation and cuts 2024 growth outlook
Business|Economy|Europe|Finance

ECB policymakers warn about inflation challenge

European Central Bank policymakers warned on Friday that the final stage of pushing inflation down to 2% could be especially hard but said they were confident

ECB policymakers warn about inflation challenge
Business|Economy|Finance

Brazil central bank aligned over concern about market inflation expectations

Brazil's central bank chief, Roberto Campos Neto, expressed concern on Friday that financial markets were still expecting high inflation despite data showing moderation,

Brazil central bank aligned over concern about market inflation expectations
Business|Economy|Finance

Credit card delinquencies are rising. Here's what to do if you're at risk

Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills

Credit card delinquencies are rising. Here's what to do if you're at risk
Europe|News

Euro tumbles as Macron calls snap French election

The euro fell on Monday after gains by the far right in European Parliament elections on Sunday prompted French President Emmanuel Macron to

Euro tumbles as Macron calls snap French election
Asia|Business|Economy|Finance|News|Stock Markets|US

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting

Asian stocks are mixed ahead of a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting
Economy|Finance|US

Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

Inflation data this week could help determine Fed's timetable for rate cuts
Economy|Finance|US

Fed's new economic projections may come with a dose of maybe, maybe not

Updated economic projections from Federal Reserve officials this week are expected to show fewer interest rate cuts than policymakers anticipated three

Fed's new economic projections may come with a dose of maybe, maybe not
Europe

ECB could wait several meetings between rate cuts, Lagarde says

European Central Bank interest rates are not on a linear downwards path and policymakers could at times wait more than one meeting before cutting them again, ECB President

ECB could wait several meetings between rate cuts, Lagarde says
Economy|Finance|News|US

NY Fed survey finds mixed views on future path of inflation in May

The U.S. public’s outlook on the future path of inflation was mixed in May, according to a report on Monday from the Federal Reserve Bank of New York.

NY Fed survey finds mixed views on future path of inflation in May
Business|Economy|Europe|Finance

Swiss inflation weaker than expected, boosting rate cut bets

Swiss inflation rose less than expected in November, official data showed on Tuesday, boosting bets for a bigger interest rate cut by the Swiss National Bank next week.

Swiss inflation weaker than expected, boosting rate cut bets
Economy|Finance|US

Dollar hits four-week high ahead of US inflation report

The dollar hit a four-week high on Tuesday, ahead of a highly anticipated inflation report that is likely to influence the timing of the first rate cut by the U.S

Dollar hits four-week high ahead of US inflation report
Economy

ECB should wait with next rate move until uncertainty recedes, Lane says

The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, ECB chief

ECB should wait with next rate move until uncertainty recedes, Lane says
Business|Economy|Finance

Dollar pares losses as Fed officials project only one rate cut this year

The dollar dropped on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after updated interest rate

Dollar pares losses as Fed officials project only one rate cut this year
Asia|Economy|News

China's inflation steady, maintains pressure for more stimulus to boost demand

China's consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to

China's inflation steady, maintains pressure for more stimulus to boost demand
Business|Economy|Finance

Economists expect Singapore's monetary policy to remain unchanged in 2024, survey shows

Most economists are expecting Singapore's monetary policy to remain unchanged at the July and October reviews, according to a survey by the central bank, as they

Economists expect Singapore's monetary policy to remain unchanged in 2024, survey shows
Economy|Finance|News

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Business|Economy|Europe|Finance

ECB must cut rates 'very slowly', says vice-president de Guindos

The ECB must move "very slowly" in reducing interest rates because there is huge uncertainty over the inflation outlook, its vice-president Luis de Guindos said on Wednesday.

ECB must cut rates 'very slowly', says vice-president de Guindos
Business|Economy|Finance

Bank of England to cut rates in August, at least one more expected this year: Reuters poll

The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled by Reuters, and most of them expect at

Bank of England to cut rates in August, at least one more expected this year: Reuters poll
Asia|Business|Economy|Finance

Thai central bank holds key rate despite government calls for cut

Thailand's central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected, despite

Thai central bank holds key rate despite government calls for cut
Business|Economy|Finance

Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024

The Federal Reserve is being characteristically cautious.

Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024
Business|Economy|Finance|US

Dollar gains on hawkish Fed, even as inflation cools

The dollar gained on Thursday despite a soft U.S. producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of

Dollar gains on hawkish Fed, even as inflation cools
Economy|Finance|US

Benign US inflation could support stock market laggards

Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive signal

Benign US inflation could support stock market laggards
Business|Economy|Finance|US

FOMC leaves rates alone but scales back 2024 easing outlook

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-

FOMC leaves rates alone but scales back 2024 easing outlook
Economy|Finance|US

Fed's road to rate cuts clears as inflation eases

Federal Reserve policymakers have reason to feel more confident that inflation is cooling after a U.S. government report on Wednesday showed consumer prices did not rise at

Fed's road to rate cuts clears as inflation eases
Business|Europe|Finance|Stock Markets|US

European shares gain as cool US data bolsters Fed rate cut hopes

European shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool U.S. inflation reading propped up hopes that

European shares gain as cool US data bolsters Fed rate cut hopes
Economy|Finance|US

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Asia|Business|Economy|Finance

Caution at Fed, but what about the Bank of Japan?

A look at the day ahead in Asian markets.

Caution at Fed, but what about the Bank of Japan?
Economy|Finance|News

Foreign credit card transactions add scarce dollars to Venezuela circulation

Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as part of

Foreign credit card transactions add scarce dollars to Venezuela circulation
Asia|Economy|Finance

Taiwan central bank sees inflation coming under control; keeps rate steady

Taiwan's central bank said on Thursday it saw inflation gradually coming down for the rest of the year but the overall tone of monetary policy

Taiwan central bank sees inflation coming under control; keeps rate steady
Business|Finance|Stock Markets|US

The day after the Fed

A look at the day ahead in markets from Dhara Ranasinghe. It's back to the markets versus the U.S. Federal Reserve.

The day after the Fed
Business|Economy|Europe|Finance|Stock Markets|US

Data is king, Fed its servant

A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the Fed's rate outlook, clearing the way for gains

Data is king, Fed its servant
Economy|Finance

Japan core inflation set to accelerate, keeping BOJ on track for more rate hikes

Japan's nationwide core consumer inflation likely accelerated to 2.6% year-on-year in May from 2.2% in the previous month, a Reuters poll of 18 economists showed

Japan core inflation set to accelerate, keeping BOJ on track for more rate hikes
Economy|Finance|News|US

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
Economy|Finance|News|US

US consumer sentiment ebbs in June; inflation worries linger

U.S. consumer sentiment deteriorated in June as households worried about inflation and incomes, a survey showed on Friday.

Business|Economy|Finance|Stock Markets

Foreign banks bought nearly $1 billion of India bonds on Thursday, data shows

Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from

Foreign banks bought nearly $1 billion of India bonds on Thursday, data shows
Business|Economy|Europe|Finance|News

ECB's Kazaks backs market bets on cuts if data holds

The European Central Bank can continue to lower interest rates broadly how the market expects if inflation keeps easing as envisaged, ECB policymaker

ECB's Kazaks backs market bets on cuts if data holds
Asia|Economy|News

India's May wholesale prices rose 2.61% Y/Y, most in over a year

India's wholesale prices rose 2.61% in May, the most in more than a year, mainly driven by food items, government data showed on Friday.

India's May wholesale prices rose 2.61% Y/Y, most in over a year
Asia|Economy|Finance

Conditions for rate cut emerging in South Korea, says presidential official

Stabilising prices are creating an environment to cut rates in South Korea, a senior presidential official said on Sunday.

Conditions for rate cut emerging in South Korea, says presidential official
Economy|Europe|Finance

ECB's Lane confident of hitting inflation goal despite noisy data

The European Central Bank is confident that inflation will fall back to its 2% target next year despite some "noisy" inflation along the way, the ECB's chief economist Philip Lane

ECB's Lane confident of hitting inflation goal despite noisy data
Business|Economy|Finance

SNB to cut rates 25 bps to 1.25% on June 20, possibly again in Sept: Reuters poll

The Swiss National Bank (SNB) will cut its key policy rate by 25 basis points on June 20 for a second straight meeting, according to two-thirds of economists polled by Reuters, a

SNB to cut rates 25 bps to 1.25% on June 20, possibly again in Sept: Reuters poll
Business|Economy|Food|News

UK grocery inflation edges lower again ahead of election, Kantar says

UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tuesday, providing a little cheer for Prime Minister Rishi Sunak ahead of

UK grocery inflation edges lower again ahead of election, Kantar says
Asia|Business|Economy|Finance

South Korea central bank chief says inflationary pressure easing

South Korea's central bank governor said on Tuesday the pace of consumer inflation is likely to continue to slow, feeding expectations the Bank of Korea will start cutting interest

South Korea central bank chief says inflationary pressure easing
Business|Economy|Finance|US

Fed officials steer cautiously toward potential rate cuts

Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still

Fed officials steer cautiously toward potential rate cuts
Asia|Business|Economy|Finance

Guarding against disinflation complacency

A look at the day ahead in Asian markets.

Guarding against disinflation complacency
Economy|Europe|Finance|Stock Markets

UK inflation test awaits buoyant markets

A look at the day ahead in European and global markets from Ankur Banerjee Investors will get another chance to see if the global disinflation story gains more traction with UK inflation data taking

UK inflation test awaits buoyant markets
Business|Economy|Finance|News

BOJ debated weak yen's impact on inflation, April minutes show

Bank of Japan policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if

BOJ debated weak yen's impact on inflation, April minutes show
Economy|News

With election looming, UK's governing Conservatives seize on inflation fall to 2% target

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

With election looming, UK's governing Conservatives seize on inflation fall to 2% target
Economy|Europe|Finance

Sterling firms versus euro and dollar after UK inflation data

Sterling rose after UK data showed that underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates.

Sterling firms versus euro and dollar after UK inflation data
Business|Economy|Europe|Finance

Bailey likely to bail on rate change

A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank

Bailey likely to bail on rate change
Business|Economy|Finance

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall

The Bank of England has kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%

Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall
Business|Economy|Europe|Finance|Stock Markets

Bank of England keeps rates at 16-year high before UK election

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4's UK election, but the

Bank of England keeps rates at 16-year high before UK election
Economy|Finance|News

ECB's Knot backs one or two more rate cuts this year

European Central Bank policymaker Klaas Knot on Thursday backed market expectations for one or two more interest rate cuts this year as inflation appeared to be headed towards the

ECB's Knot backs one or two more rate cuts this year
Business|Economy|Europe

Germany saw record number of industrial disputes in 2023, study shows

The number of working days lost to strikes in Germany doubled in 2023 compared with the previous year to more than 1.5 million, with a record 312 industrial disputes, a study showed on

Germany saw record number of industrial disputes in 2023, study shows
News|US

Apollo Global chief economist expects no Fed cuts this year

The U.S.

Apollo Global chief economist expects no Fed cuts this year
Asia|Business|Economy|Finance|News

Thai Finance Minister and central bank to discuss inflation target, PM says

Thailand's Finance Minister Pichai Chunhavajira will discuss the inflation target with the central bank governor, Prime Minister Srettha Thavisin said on Friday, adding additional

Thai Finance Minister and central bank to discuss inflation target, PM says
Business|Economy|Finance

It's all about the data

For markets trying to assess how quickly interest rate moves are likely to come, it's all about the data.

It's all about the data
Asia|Economy|Finance|News

BOJ debated need for timely rate hike, signals chance of July action

The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase "without too much delay" to address risks

BOJ debated need for timely rate hike, signals chance of July action
Business|Economy|Europe|Finance|Stock Markets

On alert for yen intervention, US inflation

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

On alert for yen intervention, US inflation
Uncategorized

Fed's Mester: Mortgage bond sales should remain option for Fed

By Michael S.

Fed's Mester: Mortgage bond sales should remain option for Fed
Asia|Business|Finance|US

Tech that - Nvidia slump sours market mood

A look at the day ahead in Asian markets. The wave of profit-taking in U.S.

Tech that - Nvidia slump sours market mood
Business|Economy|Finance|News|US

Fed's Daly: inflation not the only risk, policy must 'exhibit care'

The Federal Reserve must "exhibit care" as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Monday, noting that

Fed's Daly: inflation not the only risk, policy must 'exhibit care'
Asia|Business|Economy|Finance

Bank of Japan opens door for a hawkish double surprise

The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think, and may even be accompanied by an interest rate

Bank of Japan opens door for a hawkish double surprise
Business|Economy|News

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects

American consumers lost some confidence in June as expectations over the near-term future fell again

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
Business|Economy|Europe|Finance|Stock Markets|US

Cautious markets keep tech enthusiasm in check

A look at the day ahead in European and global markets from Ankur Banerjee A pinch of caution ahead of a U.S. inflation reading, a bit of exuberance in tech stocks following a comeback from Nvidia and

Cautious markets keep tech enthusiasm in check
Economy|News

German consumer sentiment unexpectedly dips in July, finds GfK

German consumer sentiment is set to fall slightly in July, ending a four-month streak of rises, as households left uncertain by higher prices and an economy dawdling toward recovery

German consumer sentiment unexpectedly dips in July, finds GfK
Economy|Finance|News

Australia inflation jumps to 6-mth high in May, ramps up rate hike risks

Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices rose for a fourth month, figures that caught

Australia inflation jumps to 6-mth high in May, ramps up rate hike risks
Asia|Business|Economy|Finance

Thai economy to grow at potential rate by early 2025, central bank says

Thailand's economy is expected to grow at its potential rate by late this year or early in 2025, while the policy interest rate is

Thai economy to grow at potential rate by early 2025, central bank says
Economy|Europe|Finance|Stock Markets

ECB policymakers see gradual easing if inflation falls as expected

The European Central Bank could gradually reduce interest rates if inflation falls as expected, two ECB policymakers said on Wednesday.

ECB policymakers see gradual easing if inflation falls as expected
Economy|Europe|Finance

ECB's Rehn sees inflation stabilising at target despite bumps

Euro zone inflation may be bumpy but that was always expected and data continues to suggest that price growth will settle at the European Central Bank's 2% target, Finnish

ECB's Rehn sees inflation stabilising at target despite bumps
Economy|Europe|Finance|US

Euro zone yields edge up before inflation data, caution over France

Euro zone government bond yields rose on Wednesday as investors awaited inflation data from the United States and some members of the bloc due on Friday, and the first

Euro zone yields edge up before inflation data, caution over France
Asia|Business|Economy|Finance|Stock Markets

Inflation scares and yen bears

A look at the day ahead in Asian markets.

Inflation scares and yen bears
Business|Economy|Europe|Finance|Stock Markets|US

Inflation waiting game turns worrisome

A look at the day ahead in European and global markets from Tom Westbrook So much for a week watching football and cricket while counting down to Friday's blockbuster U.S. personal consumption price

Inflation waiting game turns worrisome
Business|Economy|Europe|Finance

Starting pay for UK jobs up 6.5% on year in May, job ads show

Average starting pay for British jobs rose in May at the fastest pace in four months despite a 20% annual fall in the number of jobs on offer, figures from hiring platform Indeed

Starting pay for UK jobs up 6.5% on year in May, job ads show
Business|Finance|Stock Markets|US

Wall Street closes subdued as investors sit, wait for inflation data

U.S. stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a

Wall Street closes subdued as investors sit, wait for inflation data
Economy|Finance|News|US

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

US economic growth for last quarter is revised up slightly to a 1.4% annual rate
Business|Economy|Finance|US

US weekly jobless claims fall, but the total number collecting benefits is the most since 2021

Fewer people applied for unemployment benefits last week but the total number of Americans collecting jobless benefits rose to the highest level in more than two years

US weekly jobless claims fall, but the total number collecting benefits is the most since 2021
Business|Economy|Finance|US

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

Inflation in the U.S. "appears to be narrowing" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta Fed President

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut
Asia|Business|Economy|Finance

Tokyo inflation, scores on the first half doors

A look at the day ahead in Asian markets.

Tokyo inflation, scores on the first half doors
News|US

Biden, Trump point fingers at each other on inflation during debate

U.S.

Biden, Trump point fingers at each other on inflation during debate
Economy|Finance|News|US

Federal Reserve's preferred inflation gauge shows price pressures easing further

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

Federal Reserve's preferred inflation gauge shows price pressures easing further
Business|Economy|Finance|News|US

Instant view: US inflation cools in May; consumer spending rises moderately

U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year.

Instant view: US inflation cools in May; consumer spending rises moderately
Economy|Finance|US

Traders add to Fed rate cut bets as inflation eases

Market bets rose on Friday that the Federal Reserve will cut interest rates by September and do so again in December after a government report showed a key measure of U.S. inflation

Traders add to Fed rate cut bets as inflation eases
Economy|Finance|News|US

US inflation cools in May, boosting hopes of Fed rate cut

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing

US inflation cools in May, boosting hopes of Fed rate cut
Business|Economy|Election|News|US

It’s the economy, stupid. Here’s what you need to know about it for the presidential debate

It’s the economy, stupid. Here’s what you need to know about it for the presidential debate

Business|Economy|Finance

Robust demand boosts India factory growth in June, PMI shows

Activity in India's manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years,

Robust demand boosts India factory growth in June, PMI shows
Business|Economy|Europe|Finance|Stock Markets|US

H2 kicks off, markets bet on French gridlock

A look at the day ahead in U.S. and global markets from Mike Dolan An event-packed but shortened week stateside kicks off the second half of 2024, with European markets rallying on Monday as the first

H2 kicks off, markets bet on French gridlock
Business|Economy|News|US

US manufacturing extends slump; inflation pressures ebbing

U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs

US manufacturing extends slump; inflation pressures ebbing
Business|Economy|News

UK shop price inflation weakest since October 2021, retailers say

Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister

UK shop price inflation weakest since October 2021, retailers say
Business|Economy|Europe|Finance|News

ECB's next rate cut an easy decision before choices become hard, Wunsch says

The European Central Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly

ECB's next rate cut an easy decision before choices become hard, Wunsch says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street drifts near its records as Tesla's jump offsets Nvidia's slide

U.S. stocks are drifting near their record levels

Stock market today: Wall Street drifts near its records as Tesla's jump offsets Nvidia's slide
Europe|Finance|News|Stock Markets

European stocks slide as French election, rate nerves persist

European stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while

European stocks slide as French election, rate nerves persist
Economy|Europe|Finance

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Inflation is on the way down in Europe

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
Business|Economy|Finance

Investors just got an inflation wakeup call. Will they answer?

Investors just got an inflation wakeup call. Will they answer?

Business|Economy|Finance|News|US

US job openings rise to 8.1 million despite higher interest rates

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

US job openings rise to 8.1 million despite higher interest rates
Economy|Finance|News|US

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
Business|Economy|Europe|Finance

ECB's Lagarde welcomes small inflation fall despite stubborn services

European Central Bank President Christine Lagarde welcomed a small fall in inflation last month as a step in the right direction,

ECB's Lagarde welcomes small inflation fall despite stubborn services
Asia|Business|Economy

Japan's service activity slips for first time in 2 years, PMI shows

Japanese service activity contracted for the first time in nearly two years in June as domestic demand cooled, a private sector survey showed on Wednesday, although business

Japan's service activity slips for first time in 2 years, PMI shows
Business|Economy|Finance

China's services activity growth hits 8-month low, Caixin PMI shows

China's services activity expanded at the slowest pace in eight months and confidence hit a four-year low in June, dragged by slower growth in new orders, a private-sector survey

China's services activity growth hits 8-month low, Caixin PMI shows
Economy|Food|Lifestyle

Here’s how much more you’ll spend on your Fourth of July BBQ this year

Here’s how much more you’ll spend on your Fourth of July BBQ this year

Here’s how much more you’ll spend on your Fourth of July BBQ this year
Economy

ECB policymakers urge review of QE consequences

Some European Central Bank policymakers are urging a review of the aggressive monetary stimulus policies the ECB employed for nearly

ECB policymakers urge review of QE consequences
Economy|Finance|News|US

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Asia|Economy|Finance

Bank of Korea says it targets inflation rate, not prices

South Korea should try to address the country's high prices through structural reforms, a Bank of Korea official said, as the central bank mainly targets

Bank of Korea says it targets inflation rate, not prices
Business|Economy|News|US

What to look for in Friday’s jobs report

What to look for in Friday’s jobs report

What to look for in Friday’s jobs report
Business|Economy|Finance

Bank of Israel firmly on hold next week, possibly until 2025: Reuters poll

The Bank of Israel will hold the line on short-term interest rates for a fourth straight meeting next week and perhaps until 2025 because of the war in Gaza,

Bank of Israel firmly on hold next week, possibly until 2025: Reuters poll
Economy|Finance|News|US

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

US jobs report for June is likely to point to slower but still-solid hiring
Asia|Business|Economy|Finance|Stock Markets

BOJ report to reveal broadening wage rise trend, sources say

The Bank of Japan will highlight how wage hikes are broadening across companies, including at smaller firms, in a report later this month, sources familiar with its

BOJ report to reveal broadening wage rise trend, sources say
Business|Economy|News

What to expect from the June jobs report

What to expect from the June jobs report

What to expect from the June jobs report
Election|Finance|News|US

Bond market re-focus on US elections throws wrench into 2024 rally hopes

A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches.

Bond market re-focus on US elections throws wrench into 2024 rally hopes
Economy|News|US

US inflation easing, job market similar to pre-pandemic conditions, Fed report says

Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray,

US inflation easing, job market similar to pre-pandemic conditions, Fed report says
Business|Economy|US

A key part of America’s economy has shifted into reverse

A key part of America’s economy has shifted into reverse

Business|Economy|Finance

Fewer UK companies plan to increase prices, survey shows

Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of

Fewer UK companies plan to increase prices, survey shows
Asia|Business|Economy|Finance|News

Bank of Japan signals progress in wage, price hikes

The Bank of Japan said wage hikes were broadening across the economy due to tight labour market conditions, signalling its confidence the country was making progress

Bank of Japan signals progress in wage, price hikes
Asia|Economy|News

Thai deputy Finance Minister says need to align policies to lift economic growth

Thailand's current potential economic growth rate of 3% is not satisfactory and prolonged below-target inflation is dangerous for

Business|Economy|Finance|US

S&P 500 and Nasdaq notch record highs; chipmakers climb

The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome

S&P 500 and Nasdaq notch record highs; chipmakers climb
Business|Economy|Finance|News

Bank of England's Haskel says he wants to keep interest rates on hold

Bank of England policymaker Jonathan Haskel said on Monday that he does not want to cut interest rates from their current 16-year high as

Bank of England's Haskel says he wants to keep interest rates on hold
Uncategorized

NY Fed finds moderating near-term inflation expectations in June

By Michael S.

NY Fed finds moderating near-term inflation expectations in June
Africa|Economy|Finance|Food|News

Nigeria to suspend taxes on certain food imports to curb rising prices

Nigeria plans to suspend taxes on certain food imports including wheat and maize for 150-days, and recommend a retail price to try to bring under control rising

Nigeria to suspend taxes on certain food imports to curb rising prices
Business|Economy|Finance|Stock Markets|US

Global equities edge down, bond yields up with Fed in focus

MSCI's global equities index bumped around in a narrow range while edging lower on Tuesday while U.S. Treasury yields rose after U.S.

Global equities edge down, bond yields up with Fed in focus
Australia|Business|Economy

Australia business conditions worsen in June, job outlook dims, survey shows

Australian business conditions worsened in June with the outlook for employment taking a notable hit, a survey showed on Tuesday, though firms were a little more confident as cost

Australia business conditions worsen in June, job outlook dims, survey shows
Asia|Business|Economy|Finance

Thai central bank head says 3% potential growth rate not high enough

Thailand needs stronger economic growth as the current potential growth rate of about 3% is not high enough to help the economy expand sustainably in the long term, the central bank

Thai central bank head says 3% potential growth rate not high enough
Economy|Europe

German insolvencies higher than expected in H1, reports Handelsblatt

The number of medium-sized and large companies in Germany that went insolvent in the first half of this year was up 41% compared with the same period last year, the Handelsblatt

German insolvencies higher than expected in H1, reports Handelsblatt
Business|Economy|News|US

US economy no longer overheated, Fed's Powell tells Congress

The U.S. is "no longer an overheated economy" with a job market that has cooled from its pandemic-era extremes and in many ways is back where

US economy no longer overheated, Fed's Powell tells Congress
Asia|Business|Economy|Finance

India inflation seen up in June due to soaring vegetable prices: Reuters poll

India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to

India inflation seen up in June due to soaring vegetable prices: Reuters poll
Business|Economy|Finance

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses
Business|Economy|Finance|News|US

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
Asia|Business|Finance|News|US

Debating the fate of rates

A look at the day ahead in Asian markets. Is a U.S. interest rate cut coming? If so, when?

Debating the fate of rates
Business|Economy|Finance|US

US Treasury's Yellen: inflation will continue to ease over time

Rent and housing costs are keeping U.S. inflation higher than preferred but consumer price pressures will continue to come down over time,

US Treasury's Yellen: inflation will continue to ease over time
Asia|Economy|News

China June consumer inflation misses forecasts amid anaemic demand

China's consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired on a

China June consumer inflation misses forecasts amid anaemic demand
Business|Economy|Finance|News|Stock Markets|World

New Zealand central bank maintains cash rate, signals potential for future easing

New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, but opened the door to monetary policy becoming less restrictive over time should

New Zealand central bank maintains cash rate, signals potential for future easing
Business|Economy|Europe|Finance

Turning the corner in the inflation fight

A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering an era of lower rates, after

Turning the corner in the inflation fight
Business|Economy|US

The US economy faces a new threat

The US economy faces a new threat

Business|Economy|Finance|Lifestyle|US

Gen Z consumers in the US rely on parents as inflation squeezes budgets, study shows

Gen Z adults in the U.S. face increasing financial challenges because of inflation and rising living costs, with 46% relying on financial assistance from their parents

Gen Z consumers in the US rely on parents as inflation squeezes budgets, study shows
Economy|News

Ukraine's inflation quickens to 4.8% y/y in June on higher electricity prices

Ukraine's consumer price inflation quickened to 4.8% year-on-year in June fuelled by an increase in consumer electricity prices, the statistics service said on Wednesday.

Ukraine's inflation quickens to 4.8% y/y in June on higher electricity prices
Americas|Economy|Finance|News

Argentina inflation seen speeding up in June, ending five-month streak

Argentina inflation is expected to have accelerated to over 5% in June, which would end a five-month streak of slowing price increases, according to a Reuters

Argentina inflation seen speeding up in June, ending five-month streak
Economy|Finance|Political|US

Fed's Williams eyes further cuts as price pressures cool further

By Michael S.

Fed's Williams eyes further cuts as price pressures cool further
Asia|Finance|News

US inflation report to set the tone

A look at the day ahead in Asian markets.

US inflation report to set the tone
Business|Finance|US

Costco raises annual membership fees for the 1st time since 2017, boosting them $5 to $10

Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the popular warehouse chain prepares to raise its membership fees for the first time in seven years

Costco raises annual membership fees for the 1st time since 2017, boosting them $5 to $10
Economy|Finance|News|US

Fed's Cook: US data consistent with a soft landing

U.S. inflation should continue to fall without a significant further rise in the unemployment rate, Federal Reserve Governor Lisa Cook said on Wednesday.

Fed's Cook: US data consistent with a soft landing
Economy|Finance|Stock Markets|US

Dollar drops, yen surges as consumer prices fall in June

The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a

Dollar drops, yen surges as consumer prices fall in June
Asia|Business|Economy|Finance

Bank of Korea weighs rate cut timing as it delivers dovish hold

South Korea's central bank said it was time to prepare for a pivot to interest rate cuts but more evidence is needed to strengthen confidence that

Bank of Korea weighs rate cut timing as it delivers dovish hold
Business|Economy|Finance|Stock Markets|US

Global stock index falls with bond yields, dollar after US inflation data

A global index of stocks edged down and bond yields fell on Thursday after U.S. inflation data boosted bets on interest-rate cuts while the

Global stock index falls with bond yields, dollar after US inflation data
Europe|News|Sports

Countdown to CPI

A look at the day ahead in European and global markets from Tom Westbrook No doubt there are some sore heads around the City today after Ollie Watkins' stoppage-time strike sent England into Sunday's

Countdown to CPI
Economy|Finance|News|US

Is inflation still cooling? Thursday's report on June prices will provide clues

Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases

Is inflation still cooling? Thursday's report on June prices will provide clues
Business|Economy|Finance|US

CPI caution seems no barrier, sterling surges

A look at the day ahead in U.S. and global markets from Mike Dolan If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then

CPI caution seems no barrier, sterling surges
Business|Economy|Finance

Portfolio managers expect worse credit conditions in Q3, survey shows

Portfolio managers at the world's largest global financial institutions expect credit conditions to worsen over the next three months, according to a survey by the

Portfolio managers expect worse credit conditions in Q3, survey shows
Business|Finance|Stock Markets|US

Conagra Brands projects lower annual sales, profit on tepid demand recovery

Conagra Brands forecast annual revenue and profit below analysts' estimates on Thursday, as cash-strapped consumers turned to cheaper pantry

Conagra Brands projects lower annual sales, profit on tepid demand recovery
Economy|Europe|Finance

ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows

The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a strong majority of economists polled by

ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows
Economy|Finance|US

June price drop may shorten the Fed's last mile on inflation

The "last mile" of the Federal Reserve's battle against inflation may have shortened to a last lap after U.S. consumer prices unexpectedly fell in

June price drop may shorten the Fed's last mile on inflation
Economy|Finance|US

Instant view- Tame US June CPI smoothes path for Fed ease

U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal

Instant view- Tame US June CPI smoothes path for Fed ease
Economy|Food

Groceries are expensive, but they don't have to break the bank. Here are some tips to save

If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one

Groceries are expensive, but they don't have to break the bank. Here are some tips to save
Business|Food|Lifestyle|Opinion

Why fast food value menus aren’t as good a deal as you might think

Why fast food value menus aren’t as good a deal as you might think

Why fast food value menus aren’t as good a deal as you might think
Economy|Finance|Stock Markets

Dollar falls vs. yen, global stock index up, with focus on rate cuts

The dollar fell sharply against the yen for the second straight day, raising questions as to whether Japan was intervening, while a global

Dollar falls vs. yen, global stock index up, with focus on rate cuts
Asia|Economy|Finance

HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

HSBC Bank on Friday raised its forecast for Vietnam's gross domestic product growth for this year to 6.5% from its previous forecast of 6.0%, after second-quarter growth beats

HSBC raises Vietnam 2024 GDP growth forecast to 6.5%
Economy|Europe|News

French final June inflation confirmed at +2.5%

Consumer prices in France rose 2.5% year-on-year in June, statistics office INSEE said on Friday, confirming its preliminary reading published in late June.

French final June inflation confirmed at +2.5%
Asia|Business|Economy|Finance

BOJ survey shows wage growth spreading among small, medium Japanese firms

Momentum to raise wages has been spreading among small and medium firms in Japan this year, reflecting labour shortages and efforts to help employees tackle an inflationary squeeze,

BOJ survey shows wage growth spreading among small, medium Japanese firms
Asia|Business|Economy|Finance|News

Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll

Japan's core consumer inflation probably picked up in June for a second straight month, a Reuters poll of 18 economists showed, keeping the central bank under

Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

U.S. stocks rose after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates
Business|Economy|Food|News

Snacks are getting cheaper as Americans tire of high prices

Snacks are getting cheaper as Americans tire of high prices

Snacks are getting cheaper as Americans tire of high prices
Business|Economy|Finance|US

Big bank quarterly results show signs of consumers slowing down spending

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday

Big bank quarterly results show signs of consumers slowing down spending
Economy|Europe|News

Irish domestic economy grew much faster than estimated in 2023

Ireland's domestic economy last year grew much faster than initially estimated, with growth revised sharply higher to 2.6% from 0.5% and momentum continuing into the first quarter

Irish domestic economy grew much faster than estimated in 2023
Business|Economy|Finance|US

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing

Global bond funds see hefty inflows on expectations of rate cut
Business|Economy|Finance|US

A big change could come to the US economy in September

A big change could come to the US economy in September

Economy|Finance|News|US

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

US wholesale inflation picked up in June in sign that some price pressures remain elevated
Economy|Finance|US

US producer price data points to subsiding inflation pressures

U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal

US producer price data points to subsiding inflation pressures
Economy|Finance|US

US consumer sentiment ebbs in July; inflation expectations improve

U.S. consumer sentiment ebbed in July, but inflation expectations over the next year and beyond improved, a survey showed on Friday.

US consumer sentiment ebbs in July; inflation expectations improve
Business|Economy|News

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where
Americas|Economy|Finance|News|World

Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei

A closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped

Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei
Business|Economy|Finance|US

Fed's Waller says he is inclined to cut rates in December

Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast

Fed's Waller says he is inclined to cut rates in December
Americas|Economy|Finance|News

Argentina to sell dollars on parallel market as part of anti-inflation drive

Argentina's central bank will start selling U.S. dollars in the country's parallel foreign exchange markets in an effort to combat inflation and freeze the country's money

Argentina to sell dollars on parallel market as part of anti-inflation drive
Americas|Economy|Finance

Argentina to buy $1.5 billion from cenbank to pay bond interest due in January

Argentina's economy ministry said on Sunday it will purchase just over $1.5 billion from the central bank to pay the total interest on the country's "Globales" and "Bonares"

Argentina to buy $1.5 billion from cenbank to pay bond interest due in January
Asia|Business|Economy|Stock Markets

Bank Indonesia to hold rates at 6.25% on July 17, wait for U.S. Fed to cut: Reuters poll

Bank Indonesia (BI) will keep its key interest rate at 6.25% on Wednesday but will cut it by 25 basis points next quarter, earlier than previously

Bank Indonesia to hold rates at 6.25% on July 17, wait for U.S. Fed to cut: Reuters poll
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian stocks are mixed after Dow sets a new record

Asian stocks are mixed as investors grappled with the weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing

Stock market today: Asian stocks are mixed after Dow sets a new record
Asia|Food|Health|World

African swine fever outbreaks spreading in Vietnam, government says

African swine fever outbreaks are spreading in Vietnam and could affect its food supplies and put upward pressure on inflation, according to a government document.

African swine fever outbreaks spreading in Vietnam, government says
Business|Economy|Finance|US

Powell opens key week of Fedspeak as rate cut case develops

Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of

Powell opens key week of Fedspeak as rate cut case develops
Economy|News|US

What Republicans won't say and Democrats don't like to discuss about US inflation

If the deep split in U.S. politics makes characterizations of economic data a dependable tell about party affiliation, the coming Republican and Democratic

What Republicans won't say and Democrats don't like to discuss about US inflation
Economy|Finance|News

Argentina economy snapshot: faltering recovery after plateau

Argentina's battered economy is expected to plateau and begin a fluctuating recovery in the second half of the year, according to forecasts by analysts and

Argentina economy snapshot: faltering recovery after plateau
Business|Economy|Finance

Canadian firms keep investments in check despite rate cut expectations

Canadian businesses expect interest rates to come down by as much as 100 basis points over the next year but their willingness to invest is below

Canadian firms keep investments in check despite rate cut expectations
Americas|Economy|Finance

Argentina's parallel peso strengthens on new economic measures, stock index plummets

The Argentine parallel market peso appreciated against the U.S. dollar on Monday while the local stock market suffered, after new economic measures introduced by President

Argentina's parallel peso strengthens on new economic measures, stock index plummets
Asia|Business|Finance|Stock Markets

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
Business|Economy|Finance|Food|News|Stock Markets

UK grocery inflation falls to 1.6%, says Kantar

UK grocery inflation has slowed this month to its lowest level since September 2021, coinciding with the fastest rise in monthly supermarket shopper numbers so far

UK grocery inflation falls to 1.6%, says Kantar
Business|Economy|News|US

US retail sales report showcases consumer, economic resilience

U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience

US retail sales report showcases consumer, economic resilience
Business|Economy|Finance|News

New inflation warning: Get used to high interest rates, IMF says

New inflation warning: Get used to high interest rates, IMF says

New inflation warning: Get used to high interest rates, IMF says
Business|Economy|Finance

Summer pause: Small business sales growth tapers in June as consumers take a breather on spending

Small business sales growth slowed in June as consumers took a pause on spending

Summer pause: Small business sales growth tapers in June as consumers take a breather on spending
Economy|Finance|News|US

Fed's Kugler cautiously optimistic inflation headed to 2% target

Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank's 2% target, with goods,

Fed's Kugler cautiously optimistic inflation headed to 2% target
Business|Economy|Finance

Japan's mixed business sentiment highlights patchy economic outlook

Japanese manufacturers became more confident about business conditions in July whereas those in the service sector cooled, the

Japan's mixed business sentiment highlights patchy economic outlook
Asia|Economy|Finance

ADB slightly raises 2024 growth forecast for developing Asia

The Asian Development Bank (ADB) slightly raised its growth forecast for developing Asia this year due to stronger domestic demand and export growth, but said downside risks from a

ADB slightly raises 2024 growth forecast for developing Asia
Business|Economy|Finance|US

A top Fed official leans toward December rate cut but says it depends on economic data

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

A top Fed official leans toward December rate cut but says it depends on economic data
US

Top Fed officials say they are 'closer' to cutting interest rates

By Howard Schneider and Michael S.

Top Fed officials say they are 'closer' to cutting interest rates
Business|Economy|Finance|News

UK pay growth slows but remains high for Bank of England

Wages in Britain grew a bit more slowly but still increased at a pace that would normally be too strong for the Bank of England, leaving in doubt

UK pay growth slows but remains high for Bank of England
Economy|Europe|Finance

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
Business|Economy|Finance

India cenbank pegs natural rate higher, analysts caution on policy easing

India's central bank said on Thursday that the economy's natural rate of interest has increased since the pandemic and will rise further, driven by the growth of

India cenbank pegs natural rate higher, analysts caution on policy easing
Business|Economy|Europe|Finance|Stock Markets

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'

The European Central Bank kept interest rates unchanged on Thursday, and gave no hints as to what investors might expect at its next meeting, saying September was "wide open" and

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'
Asia|Finance

Hoping for calm after tech storm, Japan CPI eyed

A look at the day ahead in Asian markets.

Hoping for calm after tech storm, Japan CPI eyed
Business|Economy|Europe|Finance|News|US

First to hike, last to cut? BoE caution cossets pound: Mike Dolan

First to hike, first to hit its inflation target - and the last to cut?

First to hike, last to cut? BoE caution cossets pound: Mike Dolan
Business|Economy|Europe|Finance

ECB policymakers back more rate cuts as inflation heads back to goal

Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.

ECB policymakers back more rate cuts as inflation heads back to goal
Business|Economy|Finance|US

Fed faces wave of data before deciding on end-of-summer rate cut

Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said

Fed faces wave of data before deciding on end-of-summer rate cut
Business|Economy|Finance|Stock Markets|US

Global equity funds draw fourth weekly inflow amid rate cut bets

Global equity funds attracted inflows for a fourth successive week in the seven days to July 17, spurred by expectations of a Federal Reserve rate cut after recent data showed cooling

Global equity funds draw fourth weekly inflow amid rate cut bets
Economy|Election|Political|US

Latinos have become a new battleground frontier for political candidates

Latinos have become a new battleground frontier for political candidates

Latinos have become a new battleground frontier for political candidates
Economy|Europe|News

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows

Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank's 2% target by 2026%, an ECB survey showed on Friday.

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows
Business|Economy|Finance|US

Fed's Bostic: Base case remains for inflation to continue falling

Atlanta Federal Reserve President Raphael Bostic said on Monday he has an open mind about whether to cut interest rates again at the Fed's December meeting, with

Business|Economy|Finance|World

Top Russian banker says sanctions-hit economy will slow in 2025

Russia's sanctions-hit, militarized economy is expected to slow next year and banks' profits will fall, while the benchmark interest rate may

Top Russian banker says sanctions-hit economy will slow in 2025
Asia|Business|Economy|Finance|News

India's inflation targeting framework must be re-examined, government report says

India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24

India's inflation targeting framework must be re-examined, government report says
Business|Lifestyle|Technology

It’s becoming harder to get — and keep — a car

It’s becoming harder to get — and keep — a car

It’s becoming harder to get — and keep — a car
Economy|Europe|Finance|News

Bundesbank flags risks to bringing down inflation

Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate

Bundesbank flags risks to bringing down inflation
Business|Economy|Finance|News|US

Fed may be on cusp of emerging from 'elevated' inflation blues

In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and

Fed may be on cusp of emerging from 'elevated' inflation blues
Americas|Economy|Finance

Brazil's economy seen growing steadily, fiscal deficit to stay high: Reuters poll

Brazil's economy will continue growing at a steady pace over the medium term thanks to a continuous rise in public spending that is set to keep fiscal

Brazil's economy seen growing steadily, fiscal deficit to stay high: Reuters poll
Asia|Economy|Finance

Singapore seen keeping monetary policy unchanged amid inflation risks

Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook

Singapore seen keeping monetary policy unchanged amid inflation risks
Business|Economy|Finance|World

G20 draft communique sees growing chance of global economic 'soft landing'

Group of 20 finance leaders are expected to cheer the growing likelihood of a global economic "soft landing" while warning of the risks from

G20 draft communique sees growing chance of global economic 'soft landing'
Business|Economy|Finance|Stock Markets|US

PACCAR's second-quarter profit falls on higher capital spend

U.S. truckmaker PACCAR Inc reported a fall in its second-quarter profit on Tuesday, marginally missing estimates, hurt by inflationary pressures and high capital spending.

PACCAR's second-quarter profit falls on higher capital spend
Asia|Economy

South Korean consumers turn most optimistic in 27 months

South Korea's consumer sentiment in July was the most optimistic in 27 months, with a brighter spending outlook due to easing inflation concerns, a central bank survey showed on

South Korean consumers turn most optimistic in 27 months
Asia|Business|Economy

Japan's July factory activity slips, service sector solid, PMI shows

Japan's factory activity contracted slightly in July as output and new orders fell and firms remained under pressure from higher prices, a business survey showed on Wednesday.

Japan's July factory activity slips, service sector solid, PMI shows
Asia|Business|Economy|Finance|News

India's business growth at three-month high in July, PMI shows

India's business activity accelerated at its fastest pace in three months in July thanks to strong demand, especially in the services sector, according to a

India's business growth at three-month high in July, PMI shows
Business|Economy|Europe|Finance

German consumer sentiment recovers significantly in August, finds GfK

German consumer sentiment is set to recover significantly heading into August as households' income expectations hit their highest point in over two years due to slightly lower

German consumer sentiment recovers significantly in August, finds GfK
Business|Economy|Finance|News|Stock Markets

Bank of Canada cuts rates, sees weaker economy in 2024

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said

Bank of Canada cuts rates, sees weaker economy in 2024
Asia|Business|Economy|Finance

Sri Lanka cuts rates to stimulate economic recovery

Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country's

Sri Lanka cuts rates to stimulate economic recovery
Business|Economy|Europe|Finance

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll

The Bank of England will trim Bank Rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll
Business|Economy|Finance|News

INSTANT VIEW: Bank of Canada cuts rates again

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation

INSTANT VIEW: Bank of Canada cuts rates again
Asia|Business|Economy|Finance

Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease - Reuters poll

Investors turned bullish on the Singapore dollar for the first time since mid-December as the city-state's growth and inflation dynamics continue to support the local unit,

Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease - Reuters poll
Business|Economy|US

The US economy is pulling off something historic

The US economy is pulling off something historic

The US economy is pulling off something historic
Economy|News|US

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels
Africa|Economy|Finance

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll

Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll
Business|Economy|Finance|News|Stock Markets

Small stocks are about to take over? Wall Street has heard that before.

After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently

Small stocks are about to take over? Wall Street has heard that before.
Business|Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Business|Economy|Finance|News|Stock Markets|US

US inflation data lifts global stocks, lowers Treasury yields

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an

US inflation data lifts global stocks, lowers Treasury yields
Business|Economy|News|Stock Markets|US

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Europe|Finance|Stock Markets

European shares end higher as earnings barrage impresses

European shares closed higher on Friday, boosted by an earnings-driven advance across several sectors including luxury, while global markets remained

European shares end higher as earnings barrage impresses
Economy|Europe|Finance

Euro zone consumers stopped lowering inflation expectations in June

Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.

Euro zone consumers stopped lowering inflation expectations in June
Economy|Finance|News|US

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
Business|Economy|Finance|US

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|Finance

EBRD vice president says Turkey's economy programme yielding results

Turkey's economic turnaround is yielding results, EBRD Vice President Matteo Patrone told Reuters on Friday, adding that the bank aims to match

EBRD vice president says Turkey's economy programme yielding results
Business|Economy|Europe|Finance

ECB's Schnabel still sees tough 'last mile' in inflation fight

The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member

ECB's Schnabel still sees tough 'last mile' in inflation fight
Economy|Finance|News|US

See where inflation is the highest and lowest in America

See where inflation is the highest and lowest in America

See where inflation is the highest and lowest in America
Business|Economy|Finance

This week: Federal Reserve meeting, Boeing earnings, Labor Department issues July jobs report

On Wednesday, Federal Reserve officials wrap up their latest policy meeting and aerospace giant Boeing reports its second-quarter earnings

Business|Economy|Finance|News|US

Fed likely to hold rates steady one last time as inflation fight finale unfolds

The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as

Fed likely to hold rates steady one last time as inflation fight finale unfolds
Business|Economy|Finance|US

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Business|Economy|Finance|News|Stock Markets|US

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Business|Economy|Finance|News|US

Global economy's growing resilience at odds with rate cut expectations: Reuters poll

Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher

Global economy's growing resilience at odds with rate cut expectations: Reuters poll
Economy|Europe

German economy unexpectedly shrinks, inflation ticks higher

The German economy unexpectedly contracted in the second quarter after skirting a recession at the beginning of the year and July's inflation rose, showing the

German economy unexpectedly shrinks, inflation ticks higher
Economy|Environment|Food|Health|News

Record heat is set to drive the cost of fruits and vegetables higher

Record heat is set to drive the cost of fruits and vegetables higher

Record heat is set to drive the cost of fruits and vegetables higher
Business|Economy|Finance

Pakistan's finance ministry forecasts July inflation of 12% to 13%

Pakistan's finance ministry expects inflation in July to range between 12% and 13%, easing further in August to stand between 11.0% and

Pakistan's finance ministry forecasts July inflation of 12% to 13%
Business|Education|Fashion and Beauty|Lifestyle|Technology|US

Stores lure back-to-school shoppers with deals and 'buy now, pay later' plans

Mass market retailers in the U.S. are plying shoppers with offers for computers, clothes and other back-to-school essentials at affordable prices

Stores lure back-to-school shoppers with deals and 'buy now, pay later' plans
Business|Economy

American consumers feeling more confident in July as expectations of future improve

American consumers felt more confident in July as expectations over the near-term future rebounded

American consumers feeling more confident in July as expectations of future improve
Economy|Finance|News|US

US consumer confidence rises in July; inflation expectations steady

U.S. consumer confidence unexpectedly rose in July, but remained in the tight range of the past two years amid lingering worries about inflation and higher borrowing costs.

US consumer confidence rises in July; inflation expectations steady
Economy|Finance|News|US

It’s not the end of the world if the Fed doesn’t cut rates tomorrow

It’s not the end of the world if the Fed doesn’t cut rates tomorrow

Asia|Business|Economy|Finance|Stock Markets

BOJ lifts rates, signals slow end to historic bond buying binge

The Bank of Japan raised interest rates to levels unseen in 15 years and unveiled a detailed plan to slow its massive bond buying, taking another

BOJ lifts rates, signals slow end to historic bond buying binge
Business|Economy|Finance|News|US

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Business|Economy|Finance|News|US

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting
Asia|Business|Economy|Finance|Political

India's weak Q2 growth widens divide between government, cenbank priorities

India's central bank is under increasing political pressure to cut interest rates as soon as this week, after data showed growth was much

India's weak Q2 growth widens divide between government, cenbank priorities
Business|Economy|Finance|Political|US

Fed's Powell may have made US monetary policy boring again

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the

Fed's Powell may have made US monetary policy boring again
Africa|Economy|Finance|News

Kenya's inflation falls to 4.3% yr/yr in July

Kenya's inflation fell to 4.3% year-on-year in July from 4.6% a month earlier, the statistics office said on Wednesday. On a monthly basis, inflation was -0.2% from 0.4% in June.

Kenya's inflation falls to 4.3% yr/yr in July
Business|Economy|Finance|Stock Markets

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Business|Food|Opinion

Coffee is becoming a luxury, and there’s no escaping it

Coffee is becoming a luxury, and there’s no escaping it

Coffee is becoming a luxury, and there’s no escaping it
Europe

Euro zone factory activity stuck in a rut, July PMI shows

Euro zone manufacturing activity remained mired in contraction in July amid a broadbased malaise, with output declining at its fastest pace this year, according to a survey which

Euro zone factory activity stuck in a rut, July PMI shows
Business|Finance|Stock Markets|US

Hershey trims annual forecasts as higher prices dent demand

Hershey cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT?

Hershey trims annual forecasts as higher prices dent demand
Business|Economy|Finance|Technology

Ametek cuts 2024 profit forecast on slowing demand

Industrial technology solutions provider Ametek cut its annual profit forecast on Thursday, as high borrowing costs and sticky inflation force its customers to delay project expenses.

Business|Economy|Finance|US

The number of Americans filing for jobless claims hits highest level in a year

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy

The number of Americans filing for jobless claims hits highest level in a year
Business|Economy|Finance|US

US worker productivity accelerates in second quarter; labor costs tame

U.S. worker productivity growth accelerated in the second quarter, keeping the increase in labor costs in check, and further brightening the inflation outlook.

US worker productivity accelerates in second quarter; labor costs tame
Business|Economy|Finance

Major central banks' rate cuts gather pace

The global rate cut cycle is picking up steam, with half of developed markets' central banks having begun easing, and the U.S.

Major central banks' rate cuts gather pace
Africa|Business|Economy

Ethiopian local authorities crack down on price hikes after currency float

At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national

Ethiopian local authorities crack down on price hikes after currency float
Business|Economy|Finance|News|Stock Markets|US

US 30-year mortgage slides to lowest since February, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of

US 30-year mortgage slides to lowest since February, Freddie Mac says
Asia|Economy|News

South Korea inflation ticks up in July after three months of weakening

South Korea's consumer inflation ticked up in July on supply-side pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher than

South Korea inflation ticks up in July after three months of weakening
Asia|Economy|Finance|News

Japan warns of weak yen impact on households in government white paper

A weak yen is hurting Japanese households' sentiment and could erode their purchasing power, the government said in a report on Friday, underscoring its concern over

Japan warns of weak yen impact on households in government white paper
Asia|Business|Finance

China central bank adviser calls for greater stimulus, inflation goal

China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a "low inflation trap", a central bank policy

China central bank adviser calls for greater stimulus, inflation goal
Business|Economy|News|US

US economy adds far fewer jobs than expected. CNN breaks down what that means

Businesses added just 114,000 jobs in July, according to Bureau of Labor Statistics data released, and the unemployment rate unexpectedly leapt to 4.3%, which is the highest since October 2021. CNN's Paula Newton reports that’s a significantly lower total than the 175,000 that economists were expecting. 

US economy adds far fewer jobs than expected. CNN breaks down what that means
Business|Economy|Finance|News|Stock Markets|US

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong
Americas|Economy|Finance

Colombia central bank raises 2024 inflation outlook to 5.7%

Colombia's central bank technical team revised its inflation outlook for the year to 5.7%, from a previous 5.5%, it said in a quarterly report published on Friday.

Colombia central bank raises 2024 inflation outlook to 5.7%
Asia|Business|Economy

India factory growth softened in November on high inflationary pressures, PMI shows

India's factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher

India factory growth softened in November on high inflationary pressures, PMI shows
Asia|Economy|Finance|World

Indonesia's headline inflation eases to 1.55% in Nov

Indonesia's annual inflation eased to 1.55% in November, official data showed on Monday, for the slowest rate since July 2021 amid lower

Indonesia's headline inflation eases to 1.55% in Nov
Business|Economy|Europe|Finance|Political

ECB's Lane says bank should focus on future risks for policy decisions, FT reports

The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial Times

ECB's Lane says bank should focus on future risks for policy decisions, FT reports
Asia|Business|Economy

Japanese bank Resona says inflation is boosting SME loan demand, pay hikes

The return of inflation in Japan is pushing up loan demand from the country's small and midsize firms for capital investment and digitalisation, the chief executive

Japanese bank Resona says inflation is boosting SME loan demand, pay hikes
Business|Economy|Europe|Finance|News

Upturn in German services activity loses momentum in July, PMI shows

Growth in Germany's services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe's biggest economy is

Upturn in German services activity loses momentum in July, PMI shows
Africa|Economy|News|World

Nigerian protests fizzle out after deadly police crackdown

Protests in Nigeria over the soaring cost of living ebbed on Monday, with only a few hundred people turning out in major cities following a deadly crackdown by security

Nigerian protests fizzle out after deadly police crackdown
Business|Finance|News|Stock Markets

Financial markets around the world stabilize after recent rout. Here's what to know

Markets on Wall Street and in Asia are stabilizing Tuesday following a mini-panic caused by an assortment of factors that stretched from late last week through Monday

Financial markets around the world stabilize after recent rout. Here's what to know
Business|Economy|Finance|News|US

Fed's Daly: more confident inflation is on path to 2%

San Francisco Federal Reserve Bank President Mary Daly on Monday said she is "more confident" U.S. inflation is headed toward the Fed's 2% goal. 

Fed's Daly: more confident inflation is on path to 2%
Business|Economy|Finance|News|Stock Markets|US

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Americas|Economy|News

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll

Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll
Americas|Economy|Finance

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll

The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Wall Street slips after a morning rally evaporates as some of the market's AI darlings drop

U.S. stocks slumped after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that wracked markets worldwide over the last week

Wall Street slips after a morning rally evaporates as some of the market's AI darlings drop
Economy|News|Opinion|US

Here’s who to blame — and who not to blame — for the slumping US economy

Here’s who to blame — and who not to blame — for the slumping US economy

Business|Economy|Entertainment

Disney may have a parks problem

Disney may have a parks problem

Disney may have a parks problem
Asia|Economy|Finance|News

South Korea's state-run think tank argues for early rate cuts

South Korea's state-run think tank on Thursday said there was a need for early cuts in interest rates, as it flagged weaker economic growth and inflation amid sluggish domestic

Business|Economy|Finance|Stock Markets|US

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
Economy|Finance

Mexico headline inflation hits highest level in more than a year

Mexico's headline inflation rate rose again in July, reaching a level not seen in over a year, while the core index showed signs of moderation, according to data

Mexico headline inflation hits highest level in more than a year
Africa|Economy|News

Nigerian businesses count losses from inflation protests

Days after hundreds of thousands of people took to the streets across Nigeria to protest against inflation and other economic hardships, clothing seller Michael Nwankwo

Nigerian businesses count losses from inflation protests
Business|Economy|Food

Inflation comes for your oysters

Inflation comes for your oysters

Inflation comes for your oysters
Business|Economy|Finance|Stock Markets|World

Stocks tick up while yen slips in calm before US data

World stocks edged higher on Monday while the yen slipped as a holiday in Japan removed one source of recent volatility, with investors

Stocks tick up while yen slips in calm before US data
Economy|News

BoE's Mann says UK wage pressures may last for years

Catherine Mann, an external member of the Bank of England's Monetary Policy Committee, said in a podcast released on Monday that goods and services prices were set to rise again and

Business|Finance|News|Stock Markets|US

Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week

U.S. stocks drifted through a quiet day to finish mixed, as markets around the world stabilized following a wild week

Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week
Business|Economy|Finance|Stock Markets|US

Wall Street ends higher as softer producer prices data boosts rate-cut bets

U.S. indexes closed up on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in

Business|Economy|Finance|News

A key inflation gauge showed price hikes slowed last month. But economic jitters remain

A key inflation gauge showed price hikes slowed last month. But economic jitters remain

A key inflation gauge showed price hikes slowed last month. But economic jitters remain
Business|Finance|Stock Markets|US

Stocks rise, bond yields drop on soft US PPI data

Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices increased less than expected in July, reinforcing

Stocks rise, bond yields drop on soft US PPI data
Business|Economy|Finance|US

US producer inflation slows as pricing power diminishes

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing

US producer inflation slows as pricing power diminishes
Americas|Business|Economy

Brazil's service sector beats forecasts, hits record high in June

Services activity in Brazil grew more than expected in June to hit an all-time high, eclipsing a record that had been set in December 2022, data from statistics agency IBGE showed

Economy|Finance|News

UK pay growth drops to lowest in nearly 2 years, joblessness falls

British pay grew at its slowest pace in nearly two years, likely reassuring the Bank of England that inflation pressures are easing, and there was a surprise drop

Business|US

US manufacturers hit by soaring property insurance costs

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment

Business|Economy|Finance|US

US small business sentiment near 2-1/2-year high

U.S. small-business confidence jumped to the highest level in nearly 2-1/2 years in July, another indication that financial market fears of a recession following last month's

US small business sentiment near 2-1/2-year high
Business|Economy|Finance|News|Stock Markets|US

Market lull as PPI eyed, Nikkei returns to base

A look at the day ahead in U.S. and global markets from Mike Dolan Much like Wall Street's rapid healing on Friday, Japanese stocks completed their week-long, hair-raising round trip on Tuesday as

Market lull as PPI eyed, Nikkei returns to base
Business|Economy|Finance

UK grocery inflation edges higher after 17 months of decline

UK grocery inflation edged higher this month for the first time since March 2023, industry data showed on Tuesday.

Economy|Europe

Spain's EU-harmonised 12-month inflation falls to 2.9% in July

Spain's European Union-harmonised 12-month inflation fell to 2.9% in July, from 3.6% in the period through June, final data released by the National Statistics Institute (INE) showed on

Spain's EU-harmonised 12-month inflation falls to 2.9% in July
News|US

Treasury yields trade slightly lower ahead of inflation reports

U.S.

Economy|Finance|Health|US

Shrinking cash cushions may pinch US consumer spending, SF Fed report says

Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to have before the disruptions of the COVID-19

Shrinking cash cushions may pinch US consumer spending, SF Fed report says
Business|Economy|Europe|Finance|News|Stock Markets

Welcome to the cutting club, Kiwis

A look at the day ahead in European and global markets from Stella Qiu The Reserve Bank of New Zealand is known for a tendency to surprise, and this time is no different.

Economy|Finance

India's July wholesale prices rise 2.04% on year

India's wholesale price inflation slowed in July mainly due to a fall in vegetable prices, government data released on Wednesday showed.

Economy|Finance|US

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates
Africa|Business|Economy|Finance|Stock Markets

Zambia holds key rate over drought's impact on economy

Zambia's central bank kept its benchmark lending rate unchanged on Wednesday, saying that although inflation remained high its stance was appropriate given the

Africa|Economy|Finance|News

Namibia central bank cuts main rate as inflation slows

Namibia's central bank cut its main interest rate by 25 basis points on Wednesday, citing a slowdown in inflation and inflation expectations.

Business|Economy|Finance|Stock Markets|US

S&P 500 ends up, win streak at 5; Nasdaq ekes out gain even as Alphabet weighs

The S&P 500 ended higher on Wednesday, stretching its winning streak to five sessions, as the latest inflation data reassured investors betting the Federal Reserve would

Business|Economy|Finance|US

US annual consumer price increase slows to below 3% as inflation ebbs

U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door

Business|Economy|Finance|News|US

Top official says Federal Reserve can't risk being too late with rate cuts

A top Federal Reserve official warned that the central bank needs to cut its key interest rate before the job market weakened further or the Fed would risk moving too late and potentially imperil the economy

Economy|Finance|Lifestyle

Why car insurance is still so expensive even as car prices are dropping

Why car insurance is still so expensive even as car prices are dropping

Why car insurance is still so expensive even as car prices are dropping
Business|Economy|Finance|News|US

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy

Wall Street rallied close to its record heights after data showed the U.S. economy is holding up better than expected

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Business|Economy|Opinion

The war on inflation has been won. It’s OK if you’re still angry

The war on inflation has been won. It’s OK if you’re still angry

Business|Economy|Finance|US

US import prices edge up in July

U.S. import prices barely rose in July, extending the flow of tame inflation readings that have bolstered financial market expectations for an interest rate cut next month.

US import prices edge up in July
Business|Economy|Finance|US

US retail sales rise more than expected in July

U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemployment

Business|Economy|News|US

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report

Sales at US retailers unexpectedly surged in July, the Commerce Department reports, rising by 1% from the prior month, up from June’s downwardly revised 0.2% decline.

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report
Economy|Finance|News|World

Israel CPI gains further to breach target, hits 3.2% annual rate in July

Israel's inflation rate kept climbing in July, data from the Central Bureau of Statistics showed on Thursday, reducing the likelihood of further interest rate reductions anytime

Business|Economy|Finance|News|US

U.S. 30-year fixed-rate mortgage steadies near 15-month low, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week, as signs of cooling inflation have

Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street closes its best week of the year with some more gains

U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November

Stock market today: Wall Street closes its best week of the year with some more gains
Asia|Economy|Finance|News

Malaysia central bank upbeat as economy grows at fastest pace in six quarters

Malaysia's economy expanded at its fastest rate in 18 months in the second quarter helped by stronger household spending, exports and

Americas|Business|Economy|News|Opinion

America’s economy is wildly confusing right now. Here’s what’s really going on

America’s economy is wildly confusing right now. Here’s what’s really going on

Economy|Food|News|US

What is 'price gouging' and why is VP Harris proposing to ban it?

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing, medicine, and food

What is 'price gouging' and why is VP Harris proposing to ban it?
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year

U.S. stocks climbed, and Wall Street pulled closer to its record heights following its roller coaster of a summer

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year
Business|Economy|Finance

Australia central bank sees near-term interest rate cut as unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating

Australia central bank sees near-term interest rate cut as unlikely
Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street slips and breaks an 8-day winning streak

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year

Stock market today: Wall Street slips and breaks an 8-day winning streak
Asia|Business|Economy

BOJ highlights rising wage pressure from structural job market changes

Japan's dwindling working-age population is leading to structural changes in the labour market that are heightening pressure on firms to hike wages and services

BOJ highlights rising wage pressure from structural job market changes
Business|Economy|Finance|News|US

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Economy|Europe

German negotiated wage growth slows in likely relief for ECB

Growth in negotiated wages across Germany slowed in the second quarter, providing some relief to European Central Bank policymakers and possibly bolstering the case for another

German negotiated wage growth slows in likely relief for ECB
Australia|Business|Economy

Australia's retail sales firm for 3 months as consumer mood brightens

Australian retail sales firmed for a third straight month in October as tax cuts flowed through to wage packets and consumers became more confident that interest rates

Australia's retail sales firm for 3 months as consumer mood brightens
Business|Economy|Finance|News

Canada inflation cools to 40-month low of 2.5% in July

Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased as well, data showed on Tuesday, keeping the Bank of

Canada inflation cools to 40-month low of 2.5% in July
Economy|Finance|US

Fed's Bowman still cautious about changing policy stance

Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank's policy because of what she sees as continued upside risks for

Fed's Bowman still cautious about changing policy stance
Business|Economy|News|Stock Markets|US

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

U.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Business|Economy|Europe|Finance|US

Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have

Euro, now a safer bet, emerges a winner from market turmoil
Business|Finance|Stock Markets|US

TJ Maxx parent raises annual profit forecast after strong second quarter

Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its affordable apparel

TJ Maxx parent raises annual profit forecast after strong second quarter
Business|Economy|Finance

Bank of England to deliver one more rate cut this year, economists say: Reuters poll

The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is

Bank of England to deliver one more rate cut this year, economists say: Reuters poll
Americas|Economy

Argentina economy stalls again in June in challenge for Milei

Argentina's economic activity fell 3.9% in June compared to the same month last year, official data showed on Wednesday, as the economy shrunk again during the month after a

Argentina economy stalls again in June in challenge for Milei
Asia|Business|Economy|News

Japan's Aug factory activity declines slow, PMI shows

Japan's factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a

Japan's Aug factory activity declines slow, PMI shows
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street weakens ahead of a highly anticipated speech

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday

Stock market today: Wall Street weakens ahead of a highly anticipated speech
Business|Economy|Finance

India business activity extends robust growth streak in August, PMI shows

India's business activity extended its robust growth streak in August as a stronger services industry offset a slight slowing in manufacturing expansion,

India business activity extends robust growth streak in August, PMI shows
Business|Economy|Finance

Euro zone business activity gets boost from Olympics, PMI shows

Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate

Euro zone business activity gets boost from Olympics, PMI shows
Business|Economy|Finance|US

US business activity edges lower; pricing power ebbs further

U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a

US business activity edges lower; pricing power ebbs further
Economy|Finance|News

Japan's core inflation picks up, but demand-driven growth below 2%

Japan's core inflation accelerated for a third straight month in July, data showed on Friday, but a slowdown in demand-driven price growth

Japan's core inflation picks up, but demand-driven growth below 2%
Business|Economy|Finance

BOJ's Ueda signals readiness to raise rates if growth, inflation on track

Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on course to sustainably hit the 2%

BOJ's Ueda signals readiness to raise rates if growth, inflation on track
Economy|Europe|Finance

ECB has room for gradual rate cuts, Kazaks says

The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged,

ECB has room for gradual rate cuts, Kazaks says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates

U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates
Economy|Europe|Finance

Euro zone consumers' inflation expectations hold steady, ECB survey shows

Euro zone consumers' inflation expectations over the next 12 months remained steady for the third month in a row in July, a European Central Bank survey showed on Friday.

Euro zone consumers' inflation expectations hold steady, ECB survey shows
Business|Economy|Finance|News|US

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
Business|Economy|Finance|News|Stock Markets

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move
Business|Economy|Finance|News|Stock Markets|US

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now
Economy|Finance|News

How to prepare for the Fed's forthcoming interest rate cuts

The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages

How to prepare for the Fed's forthcoming interest rate cuts
Economy|Europe|Finance

ECB making good progress but job not done, Lane says

The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still

ECB making good progress but job not done, Lane says
Business|Economy|Finance

Turkey's Isbank CEO sees challenges ahead, November rate cut

Turkish banks will pay the price throughout next year as challenges linger from the country's economic turnaround, the chief executive of lender Isbank said in an

Turkey's Isbank CEO sees challenges ahead, November rate cut
Business|Economy|Lifestyle

Americans set to spend a total of $39 billion on back-to-school shopping this year

Americans set to spend a total of $39 billion on back-to-school shopping this year

Americans set to spend a total of $39 billion on back-to-school shopping this year
Business|Economy|News|US

BOJ shows how action matters more than hawkish signs

For academics and policymakers gathered at the U.S.

BOJ shows how action matters more than hawkish signs
Business|Economy|Finance

UK shop prices dip for first time in nearly 3 years, survey shows

British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday.

UK shop prices dip for first time in nearly 3 years, survey shows
Business|Economy|Finance|News

Mexico central bank has growing inflation challenge: extortion

Beyond the common challenges like currency fluctuations and supply shocks that keep the world's central bankers up at night,

Mexico central bank has growing inflation challenge: extortion
Business|Economy|Finance|News

BOJ's Himino reiterates readiness to raise rates if economy on track

Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank's stance that it would continue to raise interest rates

BOJ's Himino reiterates readiness to raise rates if economy on track
Business|Economy|Finance

Brazil's central bank chief wants flexibility for next rate decision

Brazil's central bank has provided no guidance for its upcoming policy meeting because of its need for flexibility at this time as it tries to bring inflation back

Brazil's central bank chief wants flexibility for next rate decision
Americas|Business|Economy|Finance|News

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%

The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank's quarterly report on Wednesday, citing weaker foreign

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%
Economy|Europe|News

Spain's inflation falls in August to slowest pace in a year

Spain's EU-harmonised annual inflation fell to 2.4%, its slowest pace in a year, thanks to lower fuel and food prices, preliminary data released by the National Statistics Institute (INE)

Spain's inflation falls in August to slowest pace in a year
Economy|News

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024

Turkey's economic growth is expected to have fallen to 3.2% in the second quarter of this year as tighter economic policies weighed, a Reuters poll showed on Thursday, with the

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024
Economy|Finance|News

Egypt central bank expands lending to government, but inflation slows

Lending to the government by Egypt's central bank continued to climb in the last fiscal year, according to the central bank's newly released annual budget, even as

Egypt central bank expands lending to government, but inflation slows
Business|Economy|Europe|Finance|News

German inflation falls to 2.0% in August, aiding ECB rate cuts

German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to

German inflation falls to 2.0% in August, aiding ECB rate cuts
Economy|Finance|News

Russian central bank says new rate hike in September is not a certainty

Another key interest rate hike in September is not a certainty, as economic growth and lending are slowing down, a senior central bank official said on Thursday in

Russian central bank says new rate hike in September is not a certainty
Asia|Business|Economy|Finance|News

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut

Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
Asia|Economy|Finance|News

India's June qtr GDP growth likely slowed on reduced government spending

India's economic growth is expected to have slowed in the April-June quarter due to reduced government spending during the national elections and stalling

India's June qtr GDP growth likely slowed on reduced government spending
Finance|Stock Markets

Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning month

Stocks on Wall Street bounced back from a midafternoon fade Friday, and the market closed out its fourth straight winning month with solid gains

Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning month
Economy|Europe|Finance|Stock Markets

European shares inch up to record high as inflation data sets stage for ECB rate cut

European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation

European shares inch up to record high as inflation data sets stage for ECB rate cut
Business|Economy|Finance|Stock Markets|US|World

Record highs abound, except in usual place

A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500 and Nasdaq.

Record highs abound, except in usual place
Business|Economy|News

Latest inflation data gives a ‘bright green light’ for a rate cut

Latest inflation data gives a ‘bright green light’ for a rate cut

Latest inflation data gives a ‘bright green light’ for a rate cut
Economy|Finance|News

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Economy|Finance|News|US

Solid US consumer spending pushes against hopes for hefty Fed rate cut

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
Business|Economy|Europe|Finance

ECB would be "wise" to cut rates in September, Villeroy says

The European Central Bank would be "wise" to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of

ECB would be "wise" to cut rates in September, Villeroy says
Business|Economy|News

Japan's factory activity contracts at milder pace, PMI shows

Japan's factory activity contracted at a slower pace in August thanks to a recovery in output and new orders, a private-sector survey showed on Monday, offering some hope for an

Japan's factory activity contracts at milder pace, PMI shows
Economy|Finance|News|World

Turkey economic growth slows to 2.5% in face of rate hikes

Turkey's economy grew less than expected in the second quarter, expanding an annual 2.5% in the face of a year-long monetary tightening campaign, data

Turkey economic growth slows to 2.5% in face of rate hikes
Business|Economy|Europe|Finance

Euro zone August factory activity stuck in a rut, PMI shows

Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell at its

Euro zone August factory activity stuck in a rut, PMI shows
Asia|Economy|News

Pakistan annual inflation slows to 9.6%, first single-digit stat in nearly 3 years

Pakistan's annual consumer price inflation rate slowed to 9.6% in August, the first single-digit reading in almost three years, the statistics agency said on Monday.

Pakistan annual inflation slows to 9.6%, first single-digit stat in nearly 3 years
Business|Economy|Finance|News

Russian central bank set to hike key rate by another 100 bps: Reuters poll

Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters

Russian central bank set to hike key rate by another 100 bps: Reuters poll
Asia|Business|Economy|Finance|News

New Zealand's data fog leaves its central bank flying blind

Lags in New Zealand's official economic data are creating a fog for policy makers that recently forced them to veer off course and cut interest

New Zealand's data fog leaves its central bank flying blind
Asia|Economy|Finance|News

S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut

South Korea's consumer inflation slowed in August to the weakest in nearly 3-1/2 years, official data showed on Tuesday, supporting market expectations for an easing of

S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut
Asia|Business|Economy|Finance

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll

Bank Negara Malaysia (BNM) will leave its key interest rate unchanged on Thursday and keep it there at least through 2025 as growth remains robust and inflation

Malaysia central bank to hold rates at 3.0% until at least 2026: Reuters poll
Business|Economy|Finance|Stock Markets|US

Fed policymakers agree on need for rate cuts, but their reasons vary

As recently as two and a half months ago, most U.S. central bankers didn't see an interest rate cut in the cards at their Sept. 17-18 meeting.

Fed policymakers agree on need for rate cuts, but their reasons vary
Economy|Finance|News

Russian central bank says medium-term inflation risks remain high

Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady

Russian central bank says medium-term inflation risks remain high
Business|Economy|Finance|US

US housing inflation likely to fall in year ahead, Fed paper says

U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank

US housing inflation likely to fall in year ahead, Fed paper says
Economy|Europe|Finance

ECB at risk of becoming too restrictive, Cipollone says

The European Central Bank can continue to cut interest rates given the slowdown in inflation, and there is a risk the bank could keep policy too tight, ECB board member Piero

ECB at risk of becoming too restrictive, Cipollone says
Business|Economy|News|US

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021
Asia|Economy|Finance|News

Japan inflation-adjusted wages rise for two straight months in July

Japan's inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed on Thursday.

Japan inflation-adjusted wages rise for two straight months in July
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April

Most U.S. stocks fell following a mixed round of data on the economy, keeping them on track for their worst week since April

Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April
Business|Economy|News

UK construction growth slows despite housing drive, PMI shows

Growth in Britain's construction industry slowed in August despite the biggest pickup in homebuilding in nearly two years, according to a survey on Thursday that added to signs of

UK construction growth slows despite housing drive, PMI shows
Economy|Europe

German economy set to stagnate this year, Ifo institute says

Germany's economy is likely to stagnate this year, the country's Ifo institute said on Thursday, abandoning its previous forecast of 0.4% growth.

German economy set to stagnate this year, Ifo institute says
Business|Economy|Finance|US

US second-quarter productivity revised higher

U.S. worker productivity grew faster than initially thought in the second quarter, reining in labor costs, suggesting that inflation pressures could continue to subside.

US second-quarter productivity revised higher
Business|Economy|News|US

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates
Business|Economy|Finance|Stock Markets

No let-up

The volatile activity that has marked September so far may not let up any time soon, as investors are on edge ahead of more key macro events that could shape the tone for trading in the

No let-up
Economy|Food|News|World

World food prices ease slightly in August, UN says

The United Nations' world food price index eased slightly in August, data released on Friday showed, as lower prices for sugar, meat and cereals more than offset

World food prices ease slightly in August, UN says
Americas|Economy

Mexico inflation seen easing in August after months accelerating: Reuters poll

Mexico's headline inflation rate likely eased in August after accelerating for the previous five months, a Reuters poll of analysts showed on Friday, boosting expectations that

Mexico inflation seen easing in August after months accelerating: Reuters poll
Business|Economy|Europe|Finance|News|World

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly

Russia raises main economic forecasts, sees higher year-end inflation
Business|Economy|Finance

Munich Re says damage inflation well above CPI rate

Munich Re said on Sunday that it will push for higher reinsurance rates to take into account the fact that costs for insured damages are rising much faster than overall consumer

Munich Re says damage inflation well above CPI rate
Economy|Europe

Hungary's Orban to overhaul cabinet with new central bank governor appointment

Hungarian Prime Minister Viktor Orban said on Sunday that a new ministry would take charge of the economy and state finances as he gears up

Hungary's Orban to overhaul cabinet with new central bank governor appointment
Asia|Business|Economy|Finance

China's consumer prices rise in August, PPI stuck in deflation

China's consumer inflation accelerated in August to the fastest pace in half a year but the uptick was due more to higher food costs from weather

China's consumer prices rise in August, PPI stuck in deflation
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rallies to claw back some of last week's sharp loss

U.S. stocks climbed Monday to claw back some of the losses from their worst week in nearly a year and a half

Stock market today: Wall Street rallies to claw back some of last week's sharp loss
Business|Economy|Europe|Finance|Stock Markets

European shares rebound from dour week with central banks in focus

European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the

European shares rebound from dour week with central banks in focus
Business|Economy|Finance|News|Stock Markets|US

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Business|Economy|Finance|US

US inflation may soon undershoot Fed's 2% target: McGeever

After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon

US inflation may soon undershoot Fed's 2% target: McGeever
Americas|Economy|Finance

Brazil economists see rate hike amid stronger growth, ending 11-week stability streak

Brazilian economists surveyed weekly by the central bank have aligned their expectations with future interest rate pricing, now anticipating a rate hike at this

Americas|Economy|Finance

Argentina inflation seen at 31-month low of 3.9% in August

Argentina's monthly inflation rate is expected to have edged down to 3.9% in August, a Reuters poll of economists showed on Monday, the lowest since the start

Argentina inflation seen at 31-month low of 3.9% in August
Economy|Europe|News|Sports

French economy to go into reverse as Olympic boost fades, INSEE says

France's economy accelerated in the third quarter thanks to the Olympic Games but is set to go into reverse before the end of the year, the country's INSEE statistics agency forecast

Uncategorized

NY Fed report finds mostly stable inflation expectations in August

By Michael S.

NY Fed report finds mostly stable inflation expectations in August
Business|Economy|Finance|News|Stock Markets

The Dow gets a big boost

The Dow gets a big boost

The Dow gets a big boost
Economy|Finance|News|Stock Markets

S&P 500, Nasdaq rise, crude slides as CPI awaits

The S&P 500 and the Nasdaq gained ground while Brent crude prices hit a 3-1/2-year low on Tuesday amid concerns over softening global demand a day ahead of key

S&P 500, Nasdaq rise, crude slides as CPI awaits
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

U.S. stocks drifted to a mixed close following several weeks of sharp swings

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
Asia|Economy|Finance|News

Pakistan's central bank expected to cut rates: Retuers poll

Pakistan's central bank is expected to cut its key interest rate further during its policy meeting on Thursday, analysts said, after inflation dropped to single

Business|Economy|Europe|Finance|Stock Markets

German inflation falls to the lowest level in more than three years

German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central

German inflation falls to the lowest level in more than three years