inflation

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.

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

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

St.

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

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

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

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

Morning Bid: Central bank sensitive shares face week of data

A look at the day ahead in Asian markets.

Morning Bid: No holiday for US core inflation

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

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

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

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.

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

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

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

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

By Michael S.

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

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

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

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

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

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

By Michael S.

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.

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

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.

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

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

Fed's Collins sees no urgency to cut rates

By Michael S.

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

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

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

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

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

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

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

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

Philly Fed manufacturing gauge charges to 2-year high

Manufacturing activity in the U.S.

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-

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

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

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

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

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'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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,

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

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.

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

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

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.

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

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

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

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.

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

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

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.

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

The U.S.

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

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

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

Global fast food giants may have to

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

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

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

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

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

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

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 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.

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

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

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

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.

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

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

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

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.

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

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

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

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

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,

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

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'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

RBA up next, Hang Seng eyes 11th rise

A look at the day ahead in Asian markets.

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

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

Chile central bank says economy recovering but some sectors lag

By Natalia A.

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

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

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

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

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.

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

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

By Michael S.

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

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.

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

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.

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

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

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

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

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

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

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

Inflation, tariffs dominate market landscape

A look at the day ahead in Asian markets.

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

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

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

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

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

NY Fed survey finds general expectations of higher inflation

By Michael S.

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.

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

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

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

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.

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

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

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. 

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

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

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

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,

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

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

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

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

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

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.

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

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

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

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

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

Fed remains cautious on cuts even as data improves

Data this week offered the U.S.

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

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

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

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,

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.

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

Oil eases on worries about US inflation, interest rates

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

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.

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,

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

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.

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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

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.

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 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.

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.

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

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'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

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

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

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

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

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

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

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

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

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.

Stocks wilt, bond yields jump as investors focus on rates

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

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

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

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 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

Global yield spike saps risk appetite

A look at the day ahead in Asian markets.

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

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

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

Fed's Goolsbee says inflation could still fall without rising unemployment

U.S.

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,

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

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%.

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

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

PMI-fest kicks off new month, spotlight on China

A look at the day ahead in Asian markets.

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

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

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

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

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

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.

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

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

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

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

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

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

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll

The U.S.

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

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 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

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

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 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

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

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

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,

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

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

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

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

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

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

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.

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.

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

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

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

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

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

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

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.

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

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

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.

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

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

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-

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

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

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

Caution at Fed, but what about the Bank of Japan?

A look at the day ahead in Asian markets.

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

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

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.

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

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

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

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.

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

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

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.

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.

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

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

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

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

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

Guarding against disinflation complacency

A look at the day ahead in Asian 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

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

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

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.

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

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 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

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

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

Apollo Global chief economist expects no Fed cuts this year

The U.S.

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

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.

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

On alert for yen intervention, US inflation

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

Fed's Mester: Mortgage bond sales should remain option for Fed

By Michael S.

Tech that - Nvidia slump sours market mood

A look at the day ahead in Asian markets. The wave of profit-taking in U.S.

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

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

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

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

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

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

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

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'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

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

Inflation scares and yen bears

A look at the day ahead in Asian markets.

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

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

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

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 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

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

Tokyo inflation, scores on the first half doors

A look at the day ahead in Asian markets.

Biden, Trump point fingers at each other on inflation during debate

U.S.

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

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.

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

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

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

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,

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

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

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

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

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

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

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

Investors just got an inflation wakeup call. Will they answer?

Investors just got an inflation wakeup call. Will they answer?

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

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

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,

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

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

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

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

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

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

What to look for in Friday’s jobs report

What to look for in Friday’s jobs report

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,

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

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

What to expect from the June jobs report

What to expect from the June jobs report

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.

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,

A key part of America’s economy has shifted into reverse

A key part of America’s economy has shifted into reverse

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

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

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

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

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

NY Fed finds moderating near-term inflation expectations in June

By Michael S.

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

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.

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

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

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

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

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

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses

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

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?

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,

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

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

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

The US economy faces a new threat

The US economy faces a new threat

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

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.

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

Fed's Williams eyes further cuts as price pressures cool further

By Michael S.

US inflation report to set the tone

A look at the day ahead in Asian markets.

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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,

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

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

Snacks are getting cheaper as Americans tire of high prices

Snacks are getting cheaper as Americans tire of high prices

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

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

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

A big change could come to the US economy in September

A big change could come to the US economy in September

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 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 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.

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where

Stop & Shop is closing 32 ‘underperforming’ locations. Here’s where

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

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

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 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"

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

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

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.

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

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

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

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

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

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

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

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

New inflation warning: Get used to high interest rates, IMF says

New inflation warning: Get used to high interest rates, IMF says

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

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,

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

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

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

Top Fed officials say they are 'closer' to cutting interest rates

By Howard Schneider and Michael S.

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

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

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

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

Hoping for calm after tech storm, Japan CPI eyed

A look at the day ahead in Asian markets.

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?

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.

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

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

Latinos have become a new battleground frontier for political candidates

Latinos have become a new battleground frontier for political candidates

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.

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

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

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

It’s becoming harder to get — and keep — a car

It’s becoming harder to get — and keep — a car

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

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

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

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

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

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.

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

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.

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

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

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

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

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

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

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,

The US economy is pulling off something historic

The US economy is pulling off something historic

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

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

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

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

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

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

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

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.

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

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

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

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

See where inflation is the highest and lowest in America

See where inflation is the highest and lowest in America

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

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

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.

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

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

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

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

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

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

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

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.

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

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

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

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting

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

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

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.

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.

Coffee is becoming a luxury, and there’s no escaping it

Coffee is becoming a luxury, and there’s no escaping it

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

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?

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.

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

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.

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.

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

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

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

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

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

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. 

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

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.

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

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

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

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

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

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

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

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. 

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

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

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

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

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

Disney may have a parks problem

Disney may have a parks problem

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

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

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

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

Inflation comes for your oysters

Inflation comes for your oysters

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

Treasury yields trade slightly lower ahead of inflation reports

U.S.

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

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.

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.

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

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

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.

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

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

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

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

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

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

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 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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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,

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

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

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

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%

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,

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

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.

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

‘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

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

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

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

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

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

BOJ shows how action matters more than hawkish signs

For academics and policymakers gathered at the U.S.

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.

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,

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

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

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

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)

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

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

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

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

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

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

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

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

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.

Latest inflation data gives a ‘bright green light’ for a rate cut

Latest inflation data gives a ‘bright green light’ for a rate cut

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

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-

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

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

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

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

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.

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

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

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

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

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.

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

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

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

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021

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.

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

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

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NY Fed report finds mostly stable inflation expectations in August

By Michael S.

The Dow gets a big boost

The Dow gets a big boost

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

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

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

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

Banks, energy stocks weigh on European bourses; BMW tumbles

European equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors tread cautiously ahead of key U.S.

Ally Financial warns of 'intensifying' credit challenges, shares slump

Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance chief said on

Why Trump’s tariff plans could lead to higher interest rates

Why Trump’s tariff plans could lead to higher interest rates

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race

FTSE 100 drops on Rentokil warning; U.S. inflation data weighs

The UK's benchmark FTSE 100 stock index ended lower on Wednesday, led by a decline in Rentokil shares after the pest control company warned on North

A swift change to inflation-watch

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe.

US inflation trending lower, but some stickiness remains

U.S. consumer prices rose slightly in August, but underlying inflation showed some stickiness amid higher costs for housing and other services, further dashing

Small Aug CPI rise seen sealing 25 bp cut next week

U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from delivering a half-point interest rate cut

Fed expected to deliver quarter-percentage-point rate cut next week

U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction, as they seek to reduce the odds of a recession

US holiday sales to grow at slowest pace since 2018, report says

U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday as persistent inflation and dried up savings turn shoppers more frugal for

Stock market today: Wall Street climbs closer to its record high

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

European shares hit one-week high as ECB cuts interest rates

European shares jumped on Thursday after the European Central Bank (ECB) cut interest rates again as inflation hovers within striking distance of its 2%

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers

McDonald’s $5 value meal is sticking around until December

McDonald’s $5 value meal is sticking around until December

ECB cuts growth forecasts, still sees inflation at target in late 2025

The European Central Bank lowered its 2024 economic growth projection on Thursday but still sees inflation broadly in line with its 2% target by the end of 2025.

US producer prices rise slightly above expectations in August

U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation.

Japan August inflation seen accelerating, boosting case for BOJ rate hike - Reuters poll

Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the

Top ECB governors voice confidence on inflation and rates

The European Central Bank's two biggest shareholders expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone.

US consumer sentiment climbs to four-month high; import prices drop

U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household

US consumer sentiment ticks higher for second month but remains subdued

Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture

US consumer sentiment rises in September as inflation eases

U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election, a survey showed on Friday

Bank of Canada governor raises prospect of faster rate cuts, FT reports

Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.

Israel CPI jumps to 10-month high of 3.6% in August

Israel's inflation rate surged in August to its highest rate in nearly a year, data from the Central Bureau of Statistics showed on Sunday, reducing the likelihood of more

Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown

Libertarian President Javier Milei of Argentina has presented the 2025 budget to Congress, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled a new phase of confrontation with lawmakers

Target to hire 100,000 seasonal employees, launches early holiday promotions

Target said on Monday it would employ about 100,000 seasonal workers this holiday season, in line with the last three years, even as inflation-weary shoppers are expected to stay frugal

The Fed is finally about to cut interest rates. What took so long?

The Fed is finally about to cut interest rates. What took so long?

Argentina economy forecast to extend recession in second quarter

Argentina's economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline as a recession

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years

India's August wholesale inflation cools to 1.31% as global oil prices fall

India's wholesale price index based inflation eased to a four month low of 1.31% in August, helped by falling costs of crude oil, steel and

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows

South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September,

So we’re expecting a rate cut. When will we start to see a difference in the economy?

So we’re expecting a rate cut. When will we start to see a difference in the economy?

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

UK inflation holds at 2.2% but services prices keep BoE on alert

British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets

Equities close slightly lower, trade choppy after Fed rate cut

U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high

Euro zone inflation not where ECB wants it to be, Bundesbank chief says

Euro zone inflation is still not as low as the European Central Bank would like, so interest rates need to remain sufficiently high to resolve price pressures, Bundesbank

The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Hear Chair Powell explain decision to slash interest rates

The Federal Reserve announced a jumbo-sized rate cut, its first rate reduction cut since Covid. Federal Reserve chair Jerome Powell held a press conference to share more about the supersized rate cut. 

Crisis-hit Sri Lanka's poor hope new president will change their fortunes

Sri Lankan housewife Lankika Dilrukshi says she is tired of the daily struggle needed to provide for her children.

Zimbabwe's new currency faces headwinds five months on

Five months after its launch, Zimbabwe's new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government's

Weekly applications for US jobless benefits fall to the lowest level in 4 months

The number of Americans applying for unemployment benefits fell to their lowest level in four months last week

Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut

The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve

BOJ keeps rates steady, upgrades view on consumption

The Bank of Japan kept interest rates steady on Friday and revised up its assessment on consumption, signalling its confidence a solid economic recovery would allow

More UK employers plan reduced pay increases for 2025, IDR survey shows

British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation

RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll

Australia's central bank will keep its key policy interest rate unchanged on Tuesday and for the rest of the year amid elevated price pressures,

BOJ tankan expected to show big manufacturers' mood steady: Reuters poll

Japanese big manufacturers' business sentiment likely stayed steady in the three months to September, while non-manufacturers' confidence weakened slightly, a Reuters poll showed on

Central banks may face volatile inflation for years to come, ECB's Lagarde says

Profound shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is

Fed's Bowman says dissent on large rate cut based on above-target inflation data

Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-

Peru's rebounding economy to grow 3.1% this year, cenbank forecasts

Peru's central bank expects that the Andean nation's economy will grow 3.1% this year and a further 3.0% in 2025, it said in a report on Friday, maintaining

Fed’s triumph over inflation shows the need for some institutions to be free from politics

Fed’s triumph over inflation shows the need for some institutions to be free from politics

Stocks climb, euro falls; Fed officials say large rate cut was warranted

Global stock indexes rose on Monday as Federal Reserve policymakers said last week's large interest rate cut was warranted, while the euro fell against the

Austrian political parties' plans for the economy

Austria holds a general election on Sunday with the next government facing an economy poised to contract for a second year running, and inflation that has outstripped the EU average

We finally got a rate cut. Here’s what history says will happen next

We finally got a rate cut. Here’s what history says will happen next

Fed mulls inflation undershoot, Europe contracts

A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. markets now mapping the extent of the Federal Reserve's easing cycle ahead, the prospect of inflation undershooting the

The Fed sees its inflation fight as a success. Will the public eventually agree?

With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years

Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall

Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall

German institutes expect economy to contract again in 2024, say sources

Germany's leading economic institutes have downgraded their forecast for 2024 and now see Europe's largest economy shrinking by 0.1%, people

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S.

American consumers are feeling less confident as concerns about jobs take center stage

American consumers are feeling less confident this month and concerns about jobs rose significantly

Japan's corporate service inflation steady, BOJ focusing on Oct data

A leading indicator of Japan's service-sector inflation held steady at 2.7% in August, data showed on Wednesday, underscoring the central bank's view that rising wages

Australia CPI inflation slows to 3-year low of 2.7%

Australian consumer price inflation slowed to a three-year low in August due to government rebates on electricity and a drop in petrol, while core inflation hit its lowest since

Australia inflation slows to 3-year low in August, core also trends lower

Australian consumer price inflation slowed to a three-year low in August thanks to government rebates on electricity, while core inflation hit its lowest since early

Stock market today: Wall Street edges back from its record highs

U.S. stocks edged back from their records as financial markets around the world took a pause following big recent moves

Turkish households see inflation at 71.6% in 12 months, cenbank says

Turkish households' expectations for annual inflation 12 months ahead stood at 71.6% in September, the central bank said on Wednesday, down 1.5 points from a month earlier.

Fed's bumper rate cut revives 'reflation specter' in US bond market

The Federal Reserve's aggressive start of the easing cycle has rekindled inflation worries in the U.S. bond market, as some investors fear looser financial

Hungary's Orban aims to lift growth above 3% next year as 2026 vote looms

Hungary is aiming to lift economic growth into the 3% to 6% range next year, Prime Minister Viktor Orban said on Wednesday, as his cabinet

We may have finally pulled ourselves out of our economic funk

We may have finally pulled ourselves out of our economic funk

Diners are skipping restaurants and making more meals at home as inflation trend inverts

Eating in is in and eating out is out

Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level

U.S.

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

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

Dollar weakens after inflation data, Yen surges on Ishiba win

The dollar fell on Friday after a reading of U.S. inflation signaled price pressures continue to ebb, while the yen strengthened against the greenback after

Poor euro zone data flow keeps adding to case for ECB rate cut

Inflation has eased more than expected in two of the euro zone's biggest economies and the German jobs market has continued to cool this month, adding to an

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

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

US consumer spending resilient; inflation continues to abate

U.S. consumer spending increased slightly less than expected in August, but that did little to change expectations that solid economic growth persisted in the

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

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

Dow closes at record high as tame inflation report also lifts small caps

The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally

US PCE eyed as China rebound accelerates

A look at the day ahead in U.S. and global markets from Mike Dolan U.S. stocks surf new records as the last full week of the quarter comes to a close, with China's furious monetary easing accelerating

French preliminary inflation eases more than expected in September

French consumer prices rose less than anticipated in September, aided by a sharp decline in energy costs, and petroleum products in particular, preliminary data from

UK shop prices fall by the most since August 2021, survey shows

Prices in British shops fell at the fastest pace in more than three years in September, the British Retail Consortium said on Tuesday, adding to signs that the inflation squeeze on

US new vehicle sales fall in Q3 on fewer selling days, inflationary headwinds

Top U.S. automakers reported a fall in their third-quarter sales on Tuesday, hurt by fewer selling days and weaker consumer spending amid inflationary challenges and higher

Marketing plans are key for small businesses ahead of a tough holiday shopping season

The holidays are the busiest time of year for many small retailers and other businesses

Kenya's inflation falls to 3.6% in Sept

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

Ghana inflation rises in September as food prices surge

Ghana's consumer inflation rose in September after slowing for five consecutive months, driven by an increase in food prices, the statistics service said on Wednesday.

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

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

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

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

European shares fall as Middle East jitters curb risk-taking

European shares declined on Thursday, as investors remained wary of risk-taking amid elevated geopolitical tensions in the Middle East, with most sectors

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

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

Japan PM Ishiba tells cabinet to compile stimulus package

Japanese Prime Minister Shigeru Ishiba formally instructed his ministers on Friday to compile a fresh economic package to cushion the blow to

Timing of BOJ's policy change must align with Japan's broader goal, economy minister says

Japan's new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan's monetary policy should be aligned with the government's broader goal of

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

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

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

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

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

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

Rate cuts and politics, say no more

It's a packed week ahead with U.S. inflation data, the start of Q3 earnings, a French budget and possibly a big rate cut from New Zealand.

Canada's Ivey PMI shows activity expanding in September

Canadian economic activity rebounded in September after contracting in the prior month as the pace of price increases cooled to its slowest in six months, Ivey Purchasing Managers

German government expects economy to shrink by 0.2% this year, Sueddeutsche reports

Germany's economy ministry plans to downgrade its 2024 economic growth forecast, expecting Europe's largest economy to shrink by 0.2%, newspaper Sueddeutsche Zeitung reported on

What a hot job market means for inflation

What a hot job market means for inflation

BOJ highlights broadening wage, price gains but warns of risks

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

Good news: The ‘hard landing’ forecasters got it wrong

Good news: The ‘hard landing’ forecasters got it wrong

Why a key borrowing rate is above 4% again

Why a key borrowing rate is above 4% again

ECB's Holzmann: inflation not yet defeated

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

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

Federal Reserve Bank of St.

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

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

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

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

US candy companies sideline pricey Halloween chocolates for gummies, licorice, flavored crèmes

Trick-or-treaters hoping to collect handfuls of chocolate candy this Halloween might be facing a bit of a letdown.

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

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

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

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

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

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

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

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

STOXX 600 closes higher with focus on interest rate cuts, US data

European stocks settled higher on Wednesday, bouncing from losses in the previous session as investors focussed on upcoming interest

Voters think America’s economy stinks. There’s nothing that will change that before the election

Voters think America’s economy stinks. There’s nothing that will change that before the election

Ethiopia sees bondholder losses as unavoidable, hopes for fresh talks at IMF meeting

Ethiopia's bondholders will have to take a writedown as part of the country's debt restructuring, State Finance Minister Eyob Tekalign told Reuters, adding he

Hungary has overcome inflation crisis, economy minister says

Data suggests Hungary has overcome its inflation crisis, its economy minister said on Wednesday, after the country posted the highest rate of price growth in the

Brazil consumer prices pick up in September amid drought

Consumer prices in Brazil accelerated in September from the previous month due to higher electricity and food costs amid a major drought, reinforcing

Recession fears are fading. Now it’s time for America’s companies to back that up

Recession fears are fading. Now it’s time for America’s companies to back that up

US inflation reaches lowest point in 3 years, though some price pressures remain

Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race

America’s inflation is getting back to normal. But price problems persist

America’s inflation is getting back to normal. But price problems persist

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

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

Ukraine's inflation rises to 8.6% y/y in September

Ukraine's consumer inflation rose to 8.6% year-on-year in September driven by rising energy prices, higher business costs, and a lower harvest, the statistics service said on Thursday

What to know about this year's Social Security cost-of-living adjustment

Tens of millions of older Americans will see a 2.5% increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments

Stock market today: Wall Street rises to close its latest record-setting week as banks jump

U.S. stocks rose to records as JPMorgan Chase, Wells Fargo and other big financial companies rallied on better-than-expected profit reports

Wholesale inflation remained cool last month in latest sign that price pressures are slowing

Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19

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

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

Japan Sept inflation seen easing, export growth to slow: Reuters poll

Japan's core consumer inflation rate likely eased in September as energy costs eased due to government subsidies, while export growth slowed sharply, a Reuters poll showed on Friday.

Big US banks say consumers are still strong, despite economy fears

U.S. consumers remain resilient with solid spending in the third quarter, two of the country's biggest lenders said on Friday, although there are

Trump's economic plans would worsen inflation, experts say

Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”

French inflation slowed more than expected in September, INSEE says

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

Israel GDP growth revised down to 0.3% as Gaza war takes economic toll

Israel's economy grew slower in the second quarter than previously thought, data showed on Tuesday, as Israel's war in Gaza against the Palestinian Islamist group Hamas continued

Ahead of the presidential election, small biz owners are growing more uncertain about the economy

Small business owners are growing more uncertain about the economy ahead of the presidential election and are reining in spending, according to a new survey

US retail trade group expects holiday season sales to grow more slowly

The largest retail trade group in the United States says it expects consumers to spend more during the upcoming holiday season but the growth in sales to be slower than last year due to concerns over persistent inflation and prices

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

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

Aldi says its Thanksgiving meal prices will undercut Walmart as shoppers search for value

Aldi says its Thanksgiving meal prices will undercut Walmart as shoppers search for value

India's high food prices curtail spending in early festive season, retailers say

Rising prices of edible oils and vegetables like onions and tomatoes have driven up grocery spending for Indian households ahead of the festival season, prompting

The Latest: Harris and Trump pivot to turnout as early voting begins

With just 21 days remaining to cast votes this presidential season, Kamala Harris and Donald Trump are scrambling to win over key constituents as well as the other party's voters

Yellen to warn sweeping tariffs would ignite inflation, NYT reports

The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S.

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

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

Big central banks are firmly in rate-cut mode

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

South Africa could lower inflation target at little cost, central bank governor says

South Africa's central bank governor, Lesetja Kganyago, said on Thursday that the country could move to a lower inflation target at little cost.

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

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

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

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

Target is cutting prices on 2,000 items ahead of the holiday shopping season

Target is cutting prices on 2,000 items ahead of the holiday shopping season

Argentina's beleaguered economy set to rebound in 2025: Reuters poll

Argentina's beleaguered economy is set to rebound in 2025 after two years of recession as the government tries to spark a private sector-driven recovery with

ECB's rate cut direction clear, pace up for debate, Lagarde says

Euro zone inflation is easing and may fall back to 2% quicker than previously thought, supporting the case for further European Central Bank rate cuts, ECB President Christine

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

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

Taxpayers will get bigger standard deductions in 2025, but with smaller boosts than recent years

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns

US, Europe matching rate paths must diverge: McGeever

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

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

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

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

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

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

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

Argentina's economic activity contracts less than expected in August

Argentina's economic activity grew 0.2% in August from July and fell less than expected from a year ago in the South American country's third straight month of year-on-year

ECB hawks push back against bets on more and bigger cuts

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

German business activity contracts at slower pace in October, PMI shows

German business activity contracted in October but less steeply than the previous month, according to a survey published on Thursday.

German wage catch-up continues even as economy shrinks, Bundesbank says

German wages are continuing to grow briskly despite a shrinking economy as workers regain more of the purchasing power they lost to high inflation, the country's central bank said

Harley-Davidson lowers full-year revenue forecast on weak demand

Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company's motorcycles in North America,

Thai cbank sees no need for inflation target change, no easing cycle ahead

Thailand's current inflation target range of 1% to 3% has "served pretty well" and should not be changed, a

US business activity rises in October; price pressures easing

U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that the

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

By Michael S.

Zimbabwe inflation surges after currency devaluation

Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation

More families making over $150,000 are living paycheck to paycheck

More families making over $150,000 are living paycheck to paycheck

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

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

More companies planning price hikes in Germany, survey finds

Companies in Germany's industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank's 2%

German consumer sentiment on steady path to recovery in November, finds GfK

German consumer sentiment is set to continue to recover heading into November as households are more optimistic about their income prospects, though high prices and bad job market

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

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

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

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

Caterpillar forecast hit by lower N. America stockpiling, weak Europe, Asia/Pacific

Caterpillar on Wednesday trimmed its annual revenue forecast again on weakness in Europe and Asia/Pacific and lower equipment stocking by

SkyBridge's Scaramucci says US will solve debt crisis, bitcoin to triple by 2026

The U.S. will effectively address its debt crisis by allowing inflation to rise slightly even though it may negatively impact savers and lower- to middle-income households

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

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

French preliminary inflation at 1.5% in October, in line with expectations

French consumer prices rose in line with expectations in October, preliminary data from statistics agency INSEE showed on Thursday.

The best protection from Trump’s inflationary agenda: Just be filthy rich

The best protection from Trump’s inflationary agenda: Just be filthy rich

Italy October EU-harmonised CPI accelerates to 1.0% y/y, above forecast

Italian EU-harmonised consumer prices (HICP) rose a preliminary 0.3% month-on-month in October, with annual inflation accelerating to 1.0% from 0.7% in September, data showed on

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

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

Expect the unexpected in Friday’s jobs report

Expect the unexpected in Friday’s jobs report

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels

Hungary plans inflation-linked rises in some taxes from 2025

Hungary has proposed to increase some taxes in line with the July headline inflation rate from 2025, part of wider efforts by Prime Minister Viktor Orban's government to plug

US third-quarter labor costs growth smallest in more than three years

U.S. labor costs recorded their smallest increase in more than three years in the third quarter amid cooling wage growth, indicating that inflation was firmly on a downward

Ukraine holds key rate at 13% as inflationary pressure grows

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

America won the war on inflation. You still think the economy stinks

America won the war on inflation. You still think the economy stinks

US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls

America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls

Nigeria's hunger crisis deepens with 33 million at risk, report says

Nigeria faces one of its worst hunger crises with more than 30 million people expected to be food insecure next year, a one third jump from this year due to

IRS announces pension and retirement plan contribution adjustments for 2025

The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024

IMF sees Mexico's economic growth slowing to 1.5% this year

The International Monetary Fund (IMF) estimates that Mexico's economic growth will slow to around 1.5% this year before dipping to just 1.3% in 2025, according to the

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

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

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

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

Start your week smart: Presidential race goes down to the wire, Russian offensive, Breonna Taylor case, TGI Fridays bankruptcy, murky jobs report

Start your week smart: Presidential race goes down to the wire, Russian offensive, Breonna Taylor case, TGI Fridays bankruptcy, murky jobs report

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

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

South Korea inflation weakest in almost 4 years, sets stage for more rate cuts

South Korea's October headline inflation slowed further to the weakest level in almost four years, data showed on Tuesday, strengthening the case for more interest rate cuts and

Japan service activity shrinks on softer sales, confidence slips further, PMI shows

Japan's service activity contracted in October on weaker sales, with business confidence slipping to the lowest level since March 2022 on concerns over shortage of labour, a private

Brazil's jobless rate hits lowest level ever amid inflation concerns

Brazil's jobless rate hit its lowest level on record in the three months through to October, data from statistics agency IBGE showed on Friday, an indicator that has been cheered

Yen hits six-week high, dollar dips for month-end

The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of

BOJ's Ueda says rate hike timing 'approaching', Nikkei reports

Bank of Japan Governor Kazuo Ueda said the timing of the next interest rate hike was "approaching" as the economy was moving in line with

Stock market today: S&P 500 and Dow post gains and close out best month of 2024

Stocks closed with solid gains as Wall Street put the finishing touches on one of its best months of the year

Bonds in vogue on Black Friday, yen pops

A look at the day ahead in U.S. and global markets from Mike Dolan While Americans have been feasting and preparing to shop, U.S.

Kenya's inflation edges up to 2.8% year on year in November

Kenya's inflation edged up to 2.8% year-on-year in November, from 2.7% a month earlier, the statistics office said on Friday.

Bank of England warns of risks from rise in global trade barriers

The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation,

Japan finalises $92 billion extra budget for fresh spending package

Japan's government finalised a $92 billion supplementary budget on Friday to shield households from rising living costs, which may underpin consumption but also

Turkish economy grew 2.1% in Q3, less than expected, as policy weighs

Turkey's economy grew at a less than expected 2.1% in the third quarter as demand ebbed - especially in the services sector - under the weight of high interest rates, data showed

Yen bulls charge ahead after Tokyo inflation data

A look at the day ahead in European and global markets from Stella Qiu It was supposed to be a quiet post-Thanksgiving session in Asia but hotter-than-expected CPI readings for Tokyo emboldened

Turkey economy grew 2.6% in Q3; seen cooling to 3% in 2024

Turkey's economy is expected to have expanded 2.6% in the third quarter due to slower domestic demand and the weight of tighter economic policies, a Reuters poll showed on Tuesday,

Australia's Albanese shifts to election mode, seeking trust on living costs

Australia's Prime Minister Anthony Albanese has pivoted to election mode, hoping to win back voter confidence that his government can tackle high living costs,

Core inflation in Japan's capital perks up, yen jumps on rate hike bets

Core consumer inflation in Japan's capital accelerated in November and stayed above the central bank's 2% target, data showed on Friday, as price

Trump's tariffs in his first term did little to alter the economy, but this time could be different

Donald Trump loved to use tariffs during his first presidency

Australian central bank reform adds new wrinkle to policy outlook

Australia's central bank is finally getting a major shake-up of its policy-making process that adds extra uncertainty to when it might deliver interest rate relief to

Tech stocks spark Europe market rebound; inflation data looms

Tech stocks spearheaded a rebound in European shares on Thursday, after a two-day slump fuelled by worries over potential U.S. tariffs and

European stocks perk up as markets slow for Thanksgiving

European shares ticked up on Thursday after falling the previous day, while Asian stocks slipped, as trading volumes thinned ahead of

ECB needs to separate policy, transmission tools, Knot says

The European Central Bank should make a clearer distinction between instruments used to guide inflation and those aimed at stabilising financial markets, Dutch central bank chief

Australia central bank says inflation too high for near-term rate cut

Australia's top central banker said on Thursday that core inflation was too high to allow for rate cuts in the near term, all but ruling out relief for borrowers at

Thai inflation quickens in Oct but still below central bank target

Thailand's annual headline inflation rate quickened in October due to higher energy and food prices, the commerce ministry said on Wednesday, but still remained below the central

Spain's service sector maintains strong growth in October, PMI shows

Spain's service sector continued its robust expansion in October driven by strong sales and demand, the HCOB Spain Services PMI survey compiled by S&P Global showed on Wednesday.

Ghana inflation rises for second month in October

Ghana's consumer inflation rose for the second month in a row in October, to 22.1% year on year from 21.5% in September, the statistics service said on Wednesday.

Egyptian inflation seen as having risen to 27% in October

Inflation in Egypt is estimated to have climbed to 27.0% in October, pushed up by higher education costs and a fuel price increase in the middle of the month, according to a poll

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

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

Column-Politically toxic inflation may curb Trump agenda: Mike Dolan

If inflation is as politically toxic as this week's resounding U.S. election result suggests, the presumed impact of his economic policy proposals should make

Euro zone firms see continued margin pressures, ECB survey shows

Euro zone firms expect their turnover to keep rising this quarter but their margins remain under pressure with wage growth outpacing selling price increases, the European Central

The exact thing that helped Trump win could become a big problem for his presidency

The exact thing that helped Trump win could become a big problem for his presidency

This Trump trade euphoria is likely to fade fast

This Trump trade euphoria is likely to fade fast

Restaurants, other services still in grip of high inflation even as overall rate slows

While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high

Japan household spending falls for second month in test for BOJ policy

Japanese household spending fell in September for the second straight month, government data showed on Friday, as higher prices choked consumers' appetite in a

UK starting pay cools again, survey shows

Britain's labour market showed further signs of cooling last month, according to a survey that showed the weakest wage growth since early 2021, and tax increases in last week's

South Korea's central bank cuts key interest rate to nurse a slower economy

South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated

India inflation to rise further to 5.81% on rising food costs

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a

US consumer sentiment rises in November, UMich says

U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, led by

Indian central bank to delay cutting rates to early 2025 amid inflation concerns: Reuters poll

The Reserve Bank of India (RBI) is set to hold interest rates on Dec. 6 as a sharp rise in consumer inflation has led several economists in a Reuters poll to

Frustrated Americans await the economic changes they voted for with Trump

Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president

Fed's Kashkari says broad-based US deportations could disrupt labor for some businesses

Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on

UK public-sector pay rises to overtake private ones, employers say

British public-sector employers now expect to raise pay faster than their private-sector counterparts for the first time since late 2020, after the new Labour

Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000

Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check

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

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

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

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

UK grocery inflation higher again as countdown to Christmas begins

British shoppers faced renewed pressure on their budgets in October after grocery price inflation edged higher for the second month in a row, industry data showed on

Trump's policies may pose medium-term risk to inflation, New Zealand central bank official says