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Today: May 29, 2025
Today: May 29, 2025

interest rates

Business|Economy|Finance|Stock Markets|Technology|US

BlackRock bets on AI-driven stocks rally but US debt clouds 2025 outlook

BlackRock expects the artificial intelligence boom to continue to boost U.S. stocks next year and support economic growth more broadly, although rising U.S.

BlackRock bets on AI-driven stocks rally but US debt clouds 2025 outlook
Economy|Finance|Political|US

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

St.

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

National Bank of Canada profit rises on strong wealth management business

National Bank of Canada reported a rise in fourth-quarter profit on Wednesday, helped by strong performance in its wealth management unit.

National Bank of Canada profit rises on strong wealth management business
Business|Economy|Europe|Finance

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

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

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

Tech pulls down Asia stocks, dollar gains on inflation data

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

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

Stock market today: Asian shares trade mixed after Wall Street closes near record finish

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

Stock market today: Asian shares trade mixed after Wall Street closes near record finish
Business|Economy|Europe|Finance

Morning Bid: No holiday for US core inflation

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

Morning Bid: No holiday for US core inflation
Business|Economy|Finance|News|Stock Markets|US

Futures ease at start of holiday-shortened week

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

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

Dollar dips, yen draws support from Tokyo's jawboning

The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with

Dollar dips, yen draws support from Tokyo's jawboning
Asia|Business|Economy|Finance|Stock Markets

Stocks hemmed in by rate risks; yuan wobbles

Asian equities climbed on Tuesday but could not break this month's highs as mixed messages from U.S.

Stocks hemmed in by rate risks; yuan wobbles
Uncategorized

Fed says official net negative income was $114.3 billion in 2023

By Michael S.

Fed says official net negative income was $114.3 billion in 2023
Business|Economy

Small business hiring woes show signs of easing as economy stays strong

Hiring woes may be easing for small businesses

Small business hiring woes show signs of easing as economy stays strong
Uncategorized

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

By Michael S.

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

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

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

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

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

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

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

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

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

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

US inflation increases moderately in February; consumer spending surges

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

Europe|Finance

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

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

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

US applications for unemployment benefits rise, but layoffs remain at historically low levels

The number of Americans applying for jobless benefits rose last week but layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates

US applications for unemployment benefits rise, but layoffs remain at historically low levels
Business|Economy|Finance|Stock Markets|US

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

By Michael S.

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

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

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

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

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

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

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

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

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

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

Fed's Collins sees no urgency to cut rates

By Michael S.

Fed's Collins sees no urgency to cut rates
MidEast|US

Dollar stands tall as US rate-cut bets recede

The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave

Dollar stands tall as US rate-cut bets recede
Business|Economy|Finance|US

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

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

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

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

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

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

Futures ease as bond yields stay elevated amid Middle East tensions

U.S. stock index futures edged lower on Tuesday, weighed by elevated Treasury yields as investors remained wary of the conflict in the Middle East, turning the lens on company earnings to

Futures ease as bond yields stay elevated amid Middle East tensions
Business|Economy|Finance|News|US

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

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

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

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

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

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

Repeat offenders made up 40% of US corporate defaults in 2023, Moody's says

Around 40% of U.S. companies that defaulted on their debt obligations in 2023 had previously done so, according to a new report from credit ratings agency Moody's.

Repeat offenders made up 40% of US corporate defaults in 2023, Moody's says
Business|Economy|Finance|US

US funding rates rise modestly on tax outflows, Treasury supply

U.S. short-term funding costs rose slightly this week due to tax-related outflows and demand for cash to finance the Treasury's debt issuance, but market

US funding rates rise modestly on tax outflows, Treasury supply
Business|Economy|Finance|News|US

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

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

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

Oil prices dip as demand concerns outweigh Middle East supply fears

Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in

Oil prices dip as demand concerns outweigh Middle East supply fears
Business|Economy|Finance|News|US

Dollar steady, yen fragile after Fed comments dash rate cut bets

The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from Federal Reserve officials, including Chair Jerome

Dollar steady, yen fragile after Fed comments dash rate cut bets
Economy|Europe|Finance|News

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

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

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

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

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

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

NY Fed sees more time needed to shrink central bank holdings

By Michael S.

NY Fed sees more time needed to shrink central bank holdings
Business|Economy|Finance|US

US existing home sales drop in March; median price increases

U.S. existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market.

US existing home sales drop in March; median price increases
Business|Economy|News|US

Philly Fed manufacturing gauge charges to 2-year high

Manufacturing activity in the U.S.

Business|Economy|Finance|US

Average long-term US mortgage rate climbs above 7% to highest level since late November

Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months

Average long-term US mortgage rate climbs above 7% to highest level since late November
Business|Economy|Finance|US

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

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

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

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

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

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

Europe's bank earnings to offer interest rate reality check

Investors should get a clearer picture this week of whether higher interest rates are still boosting European bank

Europe's bank earnings to offer interest rate reality check
Business|Economy|Finance|US

Fed hawks and doves: what US central bankers are saying

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

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

Column-BoE tries to sail a mid-ocean policy :Mike Dolan

Cut in June or not at all? The Bank of England is left parsing policy between a European Central Bank nailed on for cutting rates by mid-year and a U.S.

Column-BoE tries to sail a mid-ocean policy :Mike Dolan
Business|Economy|Finance|US

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

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

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

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

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

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

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

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

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

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

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

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

Take Five: Fed straight ahead

A U.S.

Take Five: Fed straight ahead
Economy|News|US

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

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

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

Lofty US stocks leave investors punishing earnings disappointments

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

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

Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street

Asian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week

Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street
Business|Economy|Finance|US

In the Market: Economic surprises are messing with the market's favorite recession predictor

A bond market anomaly that has reliably predicted a U.S. recession in the past may normalize this year in a highly unusual manner. It's a worry for markets.

In the Market: Economic surprises are messing with the market's favorite recession predictor
Business|Economy|Finance

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

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

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

Growth in US labor costs accelerates in first quarter

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

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

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

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

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

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

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

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

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

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

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

Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

Pakistan's central bank is widely expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for

Pakistan central bank expected to hold rates on Monday ahead of IMF deal, Reuters poll finds
Asia|Economy|Finance|News

Analysis-The yen has a yield problem the BOJ can't easily fix

As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse

Analysis-The yen has a yield problem the BOJ can't easily fix
Asia|Economy

South Korea Q1 GDP growth smashes estimates, but outlook's uncertain

The South Korean economy grew at the fastest pace in more than two years in the first quarter beating all estimates with a pick-up in domestic

South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
Business|Economy|News|US

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

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

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

Short-term market moves must not spook Brazil central bank, director says

Brazil's central bank director Gabriel Galipolo said on Wednesday that the monetary authority should not get spooked with "short-term" market fluctuations and will need time to

Short-term market moves must not spook Brazil central bank, director says
Economy|Europe|News

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

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

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

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

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

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

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

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

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

BOJ will hike rates if trend inflation accelerates, gov Ueda says

The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% target as expected, governor Kazuo Ueda said, keeping alive market

BOJ will hike rates if trend inflation accelerates, gov Ueda says
Business|Economy

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

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

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

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

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

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

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

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

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

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

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

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

Powell sparks stock volatility, yen soars

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

Powell sparks stock volatility, yen soars
News|US

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

The U.S.

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

Bank of Japan's hawkish whispers drowned out by rowdy yen selloff

The Bank of Japan's decision to keep policy unchanged last week gave yen bears plenty of sell cues, but largely overlooked in the stampede were signals the central

Bank of Japan's hawkish whispers drowned out by rowdy yen selloff
Business|Economy|Finance|US

FOMC holds rates in place and will slow balance sheet drawdown

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

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

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

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

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
Economy|Europe|Finance|US

Fed day focus is on what Jay says

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

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

Australia banks face profit squeeze on rising costs, mortgage competition

Australia's biggest banks are likely to report weaker first-half profit as high operating costs and competition to sell mortgages and deposits squeeze margins, setting up

Australia banks face profit squeeze on rising costs, mortgage competition
Business|Economy|Finance|News

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

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

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

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

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

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

European shares ease after Fed decision, mixed earnings

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

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

Commercial aircraft, motor vehicles lift US factory orders

New orders for U.S.-manufactured goods increased solidly in March, boosted by demand for commercial aircraft and motor vehicles, but gains elsewhere were moderate.

Commercial aircraft, motor vehicles lift US factory orders
Business|Economy|Europe|News

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

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

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

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

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

Powell's soothing tone may not be enough for inflation-spooked markets
Asia|Business|Economy|Finance

BOJ saw need to let markets drive yields upon March exit, minutes show

Many Bank of Japan board members agreed the country's long-term interest rates should be set by markets, with some saying the central bank should at some point slow

BOJ saw need to let markets drive yields upon March exit, minutes show
Business|Europe|Finance

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

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

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

Global equity funds see surge in outflows as rate cut hopes fade

Global equity funds saw a jump in outflows in the seven days through April 17 as speculation the U.S. Federal Reserve will delay cutting interest rates dampened investor sentiment.

Global equity funds see surge in outflows as rate cut hopes fade
Asia|Business|Economy|Finance|Stock Markets

BOJ will raise rates again this year, say two-thirds of economists: Reuters poll

The Bank of Japan will raise interest rates again in 2024, according to two-thirds of economists polled by Reuters, but there was no clear consensus on when

BOJ will raise rates again this year, say two-thirds of economists: Reuters poll
Asia|Business|Economy|Finance|News

China set to keep lending benchmark LPRs unchanged in April

China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further

China set to keep lending benchmark LPRs unchanged in April
Business|Economy|Finance|News|Stock Markets|US

G20 economies adjusting to delays in Fed rate cut, Brazil's finance chief says

G20 finance ministers and central bank governors are adjusting to expectations for a later start to U.S. interest rate cuts, which has caused a worldwide asset

G20 economies adjusting to delays in Fed rate cut, Brazil's finance chief says
Business|Economy|Europe|Finance

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

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

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

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

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

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

Wall St ends sharply higher, jobs data strengthens case for rate cuts

Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also

Wall St ends sharply higher, jobs data strengthens case for rate cuts
Business|Economy|Finance|Stock Markets|US

US small caps struggle as elevated interest rates take a toll

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

US small caps struggle as elevated interest rates take a toll
Business|Economy|Finance|US

Fed policymakers steer clear of December rate-cut guidance

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

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

Relief (mostly) everywhere

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

Relief (mostly) everywhere
Economy|News|US

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

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

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

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

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

Wall St loses steam, dollar gains as investors mull rate cut timing
Business|Economy|Finance|News

Australian interest rate changes since 1990

The Reserve Bank of Australia on Tuesday left its cash rate unchanged at 4.35% following a policy meeting.

Australian interest rate changes since 1990
Asia|Business|Economy|Finance|News

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

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

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

Stocks slip, dollar gains as market awaits inflation data

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

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

Dollar gains on rate outlook, yen weakens for third day

The dollar gained on Wednesday as investors continued to bet on the U.S. economy outperforming peers and was higher for the third day

Dollar gains on rate outlook, yen weakens for third day
Business|Economy|Finance|News|US

Morgan Stanley pushes Fed rate cut expectation to September from July

Morgan Stanley said it now expects the U.S.

Morgan Stanley pushes Fed rate cut expectation to September from July
Business|Economy|Europe|Finance|News|US

Pondering the path of Fed policy

A look at the day ahead in European and global markets from Kevin Buckland The Federal Reserve and the enigmatic path of U.S. interest rates continue to dominate the market's attention.

Pondering the path of Fed policy
Business|Europe|Finance|Stock Markets|US

Morning bid: Stocks buoyant as Sweden cuts, oil skids

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses

Morning bid: Stocks buoyant as Sweden cuts, oil skids
Economy|Europe|Finance|News

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

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

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

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

By Michael S.

Fed's Collins says economy may need to weaken to get 2% inflation
Asia|Business|Economy|Europe|Finance|Political|Stock Markets|US

Wall St at records as Paris simmers, yuan hits 2024 low

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks are grinding out new records as U.S. growth continues to outperform, interest rate cut optimism has been rekindled

Wall St at records as Paris simmers, yuan hits 2024 low
Business|Economy|Finance|US

PIMCO adds bond exposure outside the US on inflation risks

U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the

PIMCO adds bond exposure outside the US on inflation risks
Business|Economy|Finance|News

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

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

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

Interest rates start to fall in Europe as the Fed lags

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

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

US Treasury futures leverage, positions back on the rise: McGeever

Leverage in the U.S.

US Treasury futures leverage, positions back on the rise: McGeever
Asia|Economy|News|World

Japan's consumer spending extends declines, clouding outlook for BOJ rate hikes

Japan's consumer spending fell for the 13th straight month in March, creating challenges for policymakers who are seeking to drive stronger

Japan's consumer spending extends declines, clouding outlook for BOJ rate hikes
Business|Economy|Finance|Stock Markets|US

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

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

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

Japan economy expected to shrink in Q1 due to weak consumption

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

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

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

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

ECB set scene for June rate cut at last meeting, account shows
Business|Economy|News

Canada job gains blow past forecasts, dampening bets on June rate cut

Canada's economy added five times the number of jobs that were forecast for April and the unemployment rate unexpectedly held at 6.1%, data showed on Friday,

Canada job gains blow past forecasts, dampening bets on June rate cut
Economy|Finance|News|US

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

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

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

Fed officials mull whether rates high enough as inflation expectations jump

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

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

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

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

Brazil inflation slightly exceeds forecasts in April as pace of rate cuts slows
Asia|Business|Economy|Europe|Finance|Political|Stock Markets|US

South Korea lifts martial law, relieving some market uncertainty

A surprise declaration of martial law in Korea that had sent the won plummeting and gave U.S.

South Korea lifts martial law, relieving some market uncertainty
Asia|Economy|Europe|Finance|Political|US

Euro gains as crisis comes to a head; South Korean won cuts losses as martial law lifted

The euro rose modestly against the U.S. dollar on Tuesday, as political turmoil in France sent traders scrambling for hedging protection against further

Euro gains as crisis comes to a head; South Korean won cuts losses as martial law lifted
Asia|News

Inflation, tariffs dominate market landscape

A look at the day ahead in Asian markets.

Inflation, tariffs dominate market landscape
Asia|Business|Economy|Finance

Japan on track to normalise monetary policy, says ruling party heavyweight

Japan is seeing conditions fall in place for the central bank to normalise monetary policy, ruling party heavyweight Katsunobu Kato told

Japan on track to normalise monetary policy, says ruling party heavyweight
Economy|Finance|News|US

Dollar eases as market awaits key inflation data

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

Dollar eases as market awaits key inflation data
Economy|Finance|News|US

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

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

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

NY Fed survey finds general expectations of higher inflation

By Michael S.

NY Fed survey finds general expectations of higher inflation
Uncategorized

Fed's Jefferson flags challenges on communications front

By Michael S.

Fed's Jefferson flags challenges on communications front
Asia|Business|Finance

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

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

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

Dollar slips after unexpected rise in US producer prices

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

Dollar slips after unexpected rise in US producer prices
Europe

Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook

The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central

Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook
Americas|Economy|Finance

Argentina cuts rates again as inflation crests near 300%

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

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

BoE might consider rate cut during the summer, chief economist says

The Bank of England might be able to consider cutting interest rates over the summer although Britain's labour market remains tight by historical standards, the central bank's chief

BoE might consider rate cut during the summer, chief economist says
Economy|Finance|News|Stock Markets|US

Traders pare bets on Sept start to Fed rate cuts

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

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

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

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

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

Argentina traders bet on another big rate cut as inflation eases

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

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

Dollar swoons after data suggests rate cut in September

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

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

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

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

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

US inflation eased last month in the first slowdown of 2024

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

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

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

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

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

US consumer prices rise less than expected; retail sales flat

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

US consumer prices rise less than expected; retail sales flat
Economy|Finance|MidEast

Turkey inflation higher than expected, teeing up tough rate decision

Turkish inflation was higher than expected at 47.09% annually and 2.24% on a monthly basis in November, official data showed on Tuesday, potentially reducing

Turkey inflation higher than expected, teeing up tough rate decision
Economy|Finance|News|US

Dollar rebounds on high US import prices

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

Dollar rebounds on high US import prices
Business|Economy|Europe|Finance

ECB's rates framework may discourage money-market lending - Nagel

The European Central Bank's new interest rates framework may discourage money-market lending because banks will find it cheaper to tap the ECB, policymaker Joachim Nagel said on

ECB's rates framework may discourage money-market lending - Nagel
Business|Economy|Finance|News|US

Transcript of interview with New York Fed's Williams

Federal Reserve Bank of New York President John Williams was interviewed by Reuters on Wednesday.

Transcript of interview with New York Fed's Williams
Business|Economy|Finance|News|US

Long-term mortgage rates retreat for second straight week, US average at 7.02%

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply

Long-term mortgage rates retreat for second straight week, US average at 7.02%
Economy|News|US

Fed remains cautious on cuts even as data improves

Data this week offered the U.S.

Fed remains cautious on cuts even as data improves
Business|Finance|Stock Markets|US|World

Stocks edge up as timing of US rate cuts weighed; copper jumps

A world stock index rose for a seventh straight session and U.S.

Stocks edge up as timing of US rate cuts weighed; copper jumps
Business|Economy|Finance|US

Dollar mostly flat as market mulls inflation outlook

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

Dollar mostly flat as market mulls inflation outlook
Business|Economy|Europe|Finance

European shares end lower on rate cut jitters; Richemont shines

European shares closed lower on Friday, as investors turned cautious following remarks from a policymaker on the outlook for monetary policy, while

European shares end lower on rate cut jitters; Richemont shines
Asia|Economy|Finance|News

BOJ may face more pressure to hike rates as weak yen hits consumer spending

Japan's weak consumption may heighten, rather than tame, already growing political pressure on the central bank to raise interest rates to slow the yen's declines

BOJ may face more pressure to hike rates as weak yen hits consumer spending
Business|Economy|Europe|Finance|News

Serene euro debt markets still leave ECB queasy :Mike Dolan

Becalmed by a likely interest rate cut as soon as next month, euro zone government bond markets seem serene - but the European Central Bank continues to fret about

Serene euro debt markets still leave ECB queasy :Mike Dolan
Asia|Economy|Finance|US

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty

Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened

Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty
Business|Economy|Finance|US

Dollar edges higher as investors await Fed guidance

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

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

Oil eases on worries about US inflation, interest rates

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

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

Bank Indonesia to hold rates through Q3 to support weak rupiah, cut in Q4: Reuters poll

Indonesia's central bank will keep its key interest rate on hold through next quarter to support a weak rupiah and only a slim majority expect a Q4 cut which

Bank Indonesia to hold rates through Q3 to support weak rupiah, cut in Q4: Reuters poll
Asia|Economy|Finance

China leaves benchmark LPRs unchanged, in line with expectations

China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations.

China leaves benchmark LPRs unchanged, in line with expectations
Asia|Business|Economy|Finance

Japan manufacturers want BOJ to keep yen stable, survey shows

Japan's large manufacturers saw exchange rate stability as the biggest factor they wanted out of the central bank's monetary policy, a Bank of Japan survey showed on

Economy|Finance|News|US

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

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

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

New Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister

Thailand's new finance minister has refrained from pressuring the central bank and has a chance to

New Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister
Business|Economy|Finance|News

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

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

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

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

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

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

BoE scopes 'steady state' in balance sheet downsizing

Even as consensus builds inside and outside the Bank of England on UK interest rate cuts this summer, the thorny issue for banks and bond markets of when it stops its

BoE scopes 'steady state' in balance sheet downsizing
Economy|Finance|News|US

Dollar higher against euro as Fed minutes support

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

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

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

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

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

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

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

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
Asia|Business|Economy|Finance

BOJ's Ueda sticks to economic recovery view, keeps alive rate hike chance

Bank of Japan Governor Kazuo Ueda said on Thursday the economy was on track for a moderate recovery, suggesting a slump in first-quarter gross domestic

BOJ's Ueda sticks to economic recovery view, keeps alive rate hike chance
Business|Economy|Finance|Stock Markets|Technology|US

Wall Street tumbles as AI fervor dampened by rate jitters

U.S. stocks ended sharply lower on Thursday as enthusiasm over Nvidia's quarterly results faded and robust economic data fueled concerns over tighter-for-longer

Wall Street tumbles as AI fervor dampened by rate jitters
Asia|Business|Economy|Finance|News

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

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

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

Wall Street ends higher, crude prices rise ahead of US holiday weekend

U.S. stocks rallied and crude oil prices rebounded after upbeat economic data on Friday as investors positioned themselves ahead of the long U.S.

Wall Street ends higher, crude prices rise ahead of US holiday weekend
Business|Economy|Finance|US

Rising US debt burden spooks some bond investors ahead of November election

Investors are bracing for a flood of U.S. government debt issuance that over time could dwarf an expected rally in bonds, as they see no end in sight for large

Rising US debt burden spooks some bond investors ahead of November election
Economy|Finance|News|US

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

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

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

BOJ to decide bond-purchase reduction by end-July, say economists

The Bank of Japan will decide to start tapering the size of its bond-buying by end-July, according to nearly two-thirds of economists polled by Reuters, while

BOJ to decide bond-purchase reduction by end-July, say economists
Business|Economy|Europe|Finance|News

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

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

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

ECB's Cipollone says recent data backs easing

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

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

Shares nudge higher as US, EU inflation data loom

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

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

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

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

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

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

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

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

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

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

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

Sri Lanka holds rates to manage inflation, foster economic stability

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

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

Brazil consumer prices rise less than expected in mid-May

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

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

US consumer confidence recovers; inflation worries persist

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

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

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

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

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

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

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

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

Euro zone consumers lower inflation expectation, ECB survey shows

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

Euro zone consumers lower inflation expectation, ECB survey shows
Business|Europe|Finance|Stock Markets|US

Soaring yields sour sentiment

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

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

Stocks wilt, bond yields jump as investors focus on rates

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

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

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

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

June ECB rate cut a done deal, majority expects cuts in Sept, Dec too : Reuters poll
Asia|Business|Finance|Stock Markets

Thailand's new finance minister may steady skittish markets

Thailand's new finance minister has caught investor attention with a more conciliatory approach to the central bank, opening a window for policy

Thailand's new finance minister may steady skittish markets
Economy|Europe|Finance|News

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

Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe's biggest economy may rise slightly, although price growth

Inflation up in three German states, pointing to slight national rise
Business|Economy|Finance

Biding time before the data dump

A look at the day ahead in European and global markets from Rae Wee The lack of fresh market moving catalysts on Thursday meant that the higher-for-longer rates narrative was here to stay, at least

Biding time before the data dump
Economy|Finance

Biggest month of bond supply to test markets as rate cut bets fade

Global bond markets face the biggest amount of net sovereign issuance so far this year in June, just as economic data throws rate cuts into doubt, testing

Biggest month of bond supply to test markets as rate cut bets fade
Economy|Finance|US

The number of Americans applying for jobless benefits inches up, but layoffs remain low

The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates

The number of Americans applying for jobless benefits inches up, but layoffs remain low
Business|Economy|Finance|News|US

US pending home sales suffer largest drop in three years

Contract signings for U.S. home purchases fell by the most in three years in April and the overall level of activity was the lowest since the onset of the COVID-19 pandemic in the spring

US pending home sales suffer largest drop in three years
Business|Economy|News|US

US weekly jobless claims edge up in latest week

The number of Americans filing new claims for unemployment benefits ticked higher last week, but underlying strength in the labor market still shows signs of persisting and should continue

US weekly jobless claims edge up in latest week
Asia|Economy|News

Mixed inflation data, soft output raise uncertainty on BOJ's rate-hike timing

Core consumer inflation in Japan's capital accelerated in May on rising electricity bills but price growth excluding the effect of fuel eased,

Mixed inflation data, soft output raise uncertainty on BOJ's rate-hike timing
Business|Economy|Finance

Affordable housing to stay out of reach in major economies due to lack of supply: Reuters poll

Major economies grappling with housing crises will struggle to crank up the supply of affordable homes in coming years, according to a Reuters poll of property

Affordable housing to stay out of reach in major economies due to lack of supply: Reuters poll
Economy|Europe|Finance|Stock Markets|US

European shares rise after US inflation data keeps Fed rate cut hopes alive

European shares rose on Friday after softer U.S. inflation data spurred hopes of interest rates cuts by the Federal Reserve, while June rate cut bets

European shares rise after US inflation data keeps Fed rate cut hopes alive
Economy|Finance|Stock Markets|US

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve

US equity funds hit by outflows on rising yields, rates uncertainty
Economy|Finance|US

US dollar sinks to three-week low on signs of slowing economy

The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on

US dollar sinks to three-week low on signs of slowing economy
Business|Finance|News|Stock Markets|US

World stocks up as investors eye ECB rate cut

World stocks rose on Monday despite a subdued Wall Street following unexpected weakness in U.S. manufacturing data, feeding uncertainty

World stocks up as investors eye ECB rate cut
Asia|Finance

PMI-fest kicks off new month, spotlight on China

A look at the day ahead in Asian markets.

PMI-fest kicks off new month, spotlight on China
Europe|Finance

Markets in upbeat mood as factories hum

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

Markets in upbeat mood as factories hum
Business|Economy|Finance|US

US factory activity, construction spending both fall

U.S. manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in nearly two years, and spending on construction projects slipped

US factory activity, construction spending both fall
Business|Economy|Europe|Finance|Stock Markets

European shares kick-off June on a high note in anticipation of ECB rate cut

European shares rose for the third straight session on Monday, led by bond-proxy sectors, as investors looked to a near certain interest rate cut from the

European shares kick-off June on a high note in anticipation of ECB rate cut
Asia|Business|Economy|Finance|Stock Markets|US|World

Stock market today: Asian stocks trade mixed after Wall Street logs modest gains

Asian shares are mixed as investors weighed data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street

Stock market today: Asian stocks trade mixed after Wall Street logs modest gains
Business|Economy|News|US

US factory orders rise for a third month in April

New orders for U.S.-manufactured goods increased for a third straight month in April, boosted by demand for transportation equipment.

Business|Economy|Finance|US

US dollar rises as strong service sector data muddles Fed easing this year

The U.S. dollar drifted higher on Wednesday after data showed the services sector in the world's largest economy rebounded in May after contracting the

US dollar rises as strong service sector data muddles Fed easing this year
Business|Economy|Europe|Finance

Rate cut wagers fire up (again)

A look at the day ahead in European and global markets from Ankur Banerjee: A softening labour market and a cooling economy have traders perking up with expectations of a September rate cut from the

Rate cut wagers fire up (again)
Asia|Australia|Business|Economy|Finance|News|World

Australia economy slows to a crawl in Q1, grows 0.1% q/q

Australia's economy slowed to a crawl in the March quarter as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even as the

Australia economy slows to a crawl in Q1, grows 0.1% q/q
Business|Economy|Finance

Japan's service activity extends gains, price pressures persist, PMI shows

Japan's service activity extended robust gains in May, a private sector survey showed on Wednesday, amid persistent inflationary pressures that have boosted expectations for another

Japan's service activity extends gains, price pressures persist, PMI shows
Business|Economy|Finance|News

Canada becomes first G7 nation to cut interest rates

The Bank of Canada trimmed its key policy rate on Wednesday, the first G7 country to do so, in a widely expected move that will ease pressure

Canada becomes first G7 nation to cut interest rates
Business|Economy|Finance|Stock Markets|US

Dip buying persists, Canada set to ease

A look at the day ahead in U.S. and global markets from Mike Dolan Any investor trepidation about a slowing U.S. economy is once again being offset by renewed interest rate cut hopes - seeing the

Dip buying persists, Canada set to ease
Business|Economy|Europe|Finance

Euro zone business activity expands at fastest rate in a year, PMI shows

Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc's dominant services industry outpaced contraction in manufacturing, according to

Euro zone business activity expands at fastest rate in a year, PMI shows
US

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

The U.S.

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
Business|Economy|Europe|Finance|Stock Markets|US|World

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
Business|Finance|Stock Markets|Technology|US

New highs as Nvidia tops Apple, ECB and BoC easing

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's tech-led stock surge to new records has seen $3 trillion AI-champion Nvidia replace Apple as the world's 2nd most

New highs as Nvidia tops Apple, ECB and BoC easing
Business|Economy|Finance

BOJ's Ueda reaffirms resolve to trim bond buying as bank eyes policy exit

Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday it would be appropriate to reduce the central bank's bond buying as it moves toward an exit from massive monetary

BOJ's Ueda reaffirms resolve to trim bond buying as bank eyes policy exit
Economy|Europe|Finance|News

It's time for E-C-B

A look at the day ahead in European and global markets from Ankur Banerjee After the Bank of Canada became the first G7 country to cut interest rates, the stage is set for the European Central Bank to

It's time for E-C-B
Business|Europe|Finance|Stock Markets

European shares close up after ECB delivers first rate-cut in five years

European shares closed higher on Thursday, boosted by banking, technology and healthcare stocks, though they finished below session highs after the

European shares close up after ECB delivers first rate-cut in five years
Economy|Europe|Finance|News

ECB sees higher growth, inflation

The European Central Bank raised some of its economic growth and inflation projections on Thursday, predicting a somewhat later return of price growth to its 2% target.

ECB sees higher growth, inflation
Economy|Europe|Finance

ECB delivers its first rate cut in five years

The European Central Bank cut rates for the first time in five years on Thursday, but kept investors in the dark about its next move, given increasing uncertainty over inflation after a

ECB delivers its first rate cut in five years
Economy|Europe|Finance

Lagarde comments at ECB press conference

The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in its battle against high inflation but also signalling that fight

Lagarde comments at ECB press conference
Business|Economy|Finance|Stock Markets

Traders question case for rapid ECB rate cuts

Traders scaled back bets that the

Traders question case for rapid ECB rate cuts
Economy|Finance|News

Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report

Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected

Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report
Economy|Finance|Stock Markets|US

US bond funds gain robust weekly inflow as yields ease

U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of

US bond funds gain robust weekly inflow as yields ease
Business|Economy|Europe|Finance

German central bank warns on inflation and cuts 2024 growth outlook

Upward pressure from wages means inflation is proving stubborn, Germany's central bank said on Friday, a day after the European

German central bank warns on inflation and cuts 2024 growth outlook
Business|Economy|Europe|Finance

ECB policymakers warn about inflation challenge

European Central Bank policymakers warned on Friday that the final stage of pushing inflation down to 2% could be especially hard but said they were confident

ECB policymakers warn about inflation challenge
Business|Europe|Finance|Stock Markets

Stock investors scout out Europe's rate-cut winners

Investors in European equities are stepping up their search for stocks that are likely to benefit from lower borrowing costs,

Stock investors scout out Europe's rate-cut winners
Business|Economy|Finance

Brazil central bank aligned over concern about market inflation expectations

Brazil's central bank chief, Roberto Campos Neto, expressed concern on Friday that financial markets were still expecting high inflation despite data showing moderation,

Brazil central bank aligned over concern about market inflation expectations
Asia|Business|Economy|Finance|News|Stock Markets|US

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting

Asian stocks are mixed ahead of a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting
Economy|Finance|US

Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

Inflation data this week could help determine Fed's timetable for rate cuts
Economy|Finance|US

Fed's new economic projections may come with a dose of maybe, maybe not

Updated economic projections from Federal Reserve officials this week are expected to show fewer interest rate cuts than policymakers anticipated three

Fed's new economic projections may come with a dose of maybe, maybe not
Europe

ECB could wait several meetings between rate cuts, Lagarde says

European Central Bank interest rates are not on a linear downwards path and policymakers could at times wait more than one meeting before cutting them again, ECB President

ECB could wait several meetings between rate cuts, Lagarde says
Economy|Finance|News|US

NY Fed survey finds mixed views on future path of inflation in May

The U.S. public’s outlook on the future path of inflation was mixed in May, according to a report on Monday from the Federal Reserve Bank of New York.

NY Fed survey finds mixed views on future path of inflation in May
Economy|Finance|US

Dollar hits four-week high ahead of US inflation report

The dollar hit a four-week high on Tuesday, ahead of a highly anticipated inflation report that is likely to influence the timing of the first rate cut by the U.S

Dollar hits four-week high ahead of US inflation report
Americas|News|US

Shrinking Fed rate cut expectations to keep US Treasury yields elevated: Reuters poll

U.S.

Shrinking Fed rate cut expectations to keep US Treasury yields elevated: Reuters poll
Economy

ECB should wait with next rate move until uncertainty recedes, Lane says

The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, ECB chief

ECB should wait with next rate move until uncertainty recedes, Lane says
Economy|Finance|News

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Business|Economy|Europe|Finance

ECB must cut rates 'very slowly', says vice-president de Guindos

The ECB must move "very slowly" in reducing interest rates because there is huge uncertainty over the inflation outlook, its vice-president Luis de Guindos said on Wednesday.

ECB must cut rates 'very slowly', says vice-president de Guindos
Business|Economy|Finance

Bank of England to cut rates in August, at least one more expected this year: Reuters poll

The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled by Reuters, and most of them expect at

Bank of England to cut rates in August, at least one more expected this year: Reuters poll
Asia|Business|Economy|Finance

Thai central bank holds key rate despite government calls for cut

Thailand's central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected, despite

Thai central bank holds key rate despite government calls for cut
Business|Economy|Finance

Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024

The Federal Reserve is being characteristically cautious.

Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024
Australia|Business|Economy|News

Australia May employment tops forecasts, defying economic slowdown

Australian employment outpaced expectations in May as firms took on more full-time workers, while the jobless rate dipped in a sign the labour market remains resilient even as the

Australia May employment tops forecasts, defying economic slowdown
Economy|Finance|US

Benign US inflation could support stock market laggards

Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive signal

Benign US inflation could support stock market laggards
Business|Economy|Finance|US

FOMC leaves rates alone but scales back 2024 easing outlook

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-

FOMC leaves rates alone but scales back 2024 easing outlook
Economy|Finance|US

Fed's road to rate cuts clears as inflation eases

Federal Reserve policymakers have reason to feel more confident that inflation is cooling after a U.S. government report on Wednesday showed consumer prices did not rise at

Fed's road to rate cuts clears as inflation eases
Business|Europe|Finance|Stock Markets|US

European shares gain as cool US data bolsters Fed rate cut hopes

European shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool U.S. inflation reading propped up hopes that

European shares gain as cool US data bolsters Fed rate cut hopes
Economy|Finance|US

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Business|Economy|Finance|US

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates

The number of Americans filing for jobless benefits jumps to the highest level in 10 months
Asia|Business|Economy|Finance

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

A look at the day ahead in Asian markets.

Caution at Fed, but what about the Bank of Japan?
Asia|Business|Economy|Finance|News|Stock Markets

Bank of Japan to trim bond buying, keeps rates steady

The Bank of Japan said on Friday it would start trimming its huge bond purchases and announce a detailed plan next month on reducing its nearly $5 trillion balance

Bank of Japan to trim bond buying, keeps rates steady
Business|Economy|Finance|News|US

US weekly jobless claims at 10-month high as labor market eases; inflation cooling

The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and

US weekly jobless claims at 10-month high as labor market eases; inflation cooling
Asia|Business|Economy|Finance|Stock Markets

What will BOJ's quantitative tightening look like?

The Bank of Japan may offer guidance on how it plans to reduce its $5-trillion balance sheet at its policy meeting on Friday, in a slow but steady retreat from its

What will BOJ's quantitative tightening look like?
Economy|Finance

Japan core inflation set to accelerate, keeping BOJ on track for more rate hikes

Japan's nationwide core consumer inflation likely accelerated to 2.6% year-on-year in May from 2.2% in the previous month, a Reuters poll of 18 economists showed

Japan core inflation set to accelerate, keeping BOJ on track for more rate hikes
Business|Economy|Finance|News

Investors react to BOJ decision to keep policy unchanged, trim bonds in future

The Bank of Japan kept interest rates unchanged on Friday but said it would trim bond buying in the future to allow long-term interest rates to move more freely.

Investors react to BOJ decision to keep policy unchanged, trim bonds in future
Business|Finance|Stock Markets|US

Bond traders worry liquidity will worsen as US market size grows

U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S.

Bond traders worry liquidity will worsen as US market size grows
Business|Economy|Europe|Finance|News

ECB's Kazaks backs market bets on cuts if data holds

The European Central Bank can continue to lower interest rates broadly how the market expects if inflation keeps easing as envisaged, ECB policymaker

ECB's Kazaks backs market bets on cuts if data holds
Asia|Economy|Finance

Conditions for rate cut emerging in South Korea, says presidential official

Stabilising prices are creating an environment to cut rates in South Korea, a senior presidential official said on Sunday.

Conditions for rate cut emerging in South Korea, says presidential official
Asia|Business|Finance|News

Bracing for Chinese data deluge

A look at the day ahead in Asian markets.

Bracing for Chinese data deluge
Business|Economy|Finance|News|Stock Markets

BOJ to forgo July rate hike, taper $152 billion per year, says ex-policymaker

The Bank of Japan is likely to trim bond buying by around 24 trillion yen ($152 billion) annually in new guidance due next month, but forgo raising

BOJ to forgo July rate hike, taper $152 billion per year, says ex-policymaker
Business|Economy|Finance

SNB to cut rates 25 bps to 1.25% on June 20, possibly again in Sept: Reuters poll

The Swiss National Bank (SNB) will cut its key policy rate by 25 basis points on June 20 for a second straight meeting, according to two-thirds of economists polled by Reuters, a

SNB to cut rates 25 bps to 1.25% on June 20, possibly again in Sept: Reuters poll
Economy|Finance|US

Dollar eases after US retail sales miss expectations in May

The dollar eased against the euro on Tuesday after retail sales data indicated signs of exhaustion among U.S. consumers, boosting the case for Federal Reserve

Dollar eases after US retail sales miss expectations in May
Asia|Business|Economy|Finance

South Korea central bank chief says inflationary pressure easing

South Korea's central bank governor said on Tuesday the pace of consumer inflation is likely to continue to slow, feeding expectations the Bank of Korea will start cutting interest

South Korea central bank chief says inflationary pressure easing
Business|Economy|Finance|US

Fed officials steer cautiously toward potential rate cuts

Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still

Fed officials steer cautiously toward potential rate cuts
Business|Economy|Finance|News

BOJ debated weak yen's impact on inflation, April minutes show

Bank of Japan policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if

BOJ debated weak yen's impact on inflation, April minutes show
Economy|News

With election looming, UK's governing Conservatives seize on inflation fall to 2% target

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

With election looming, UK's governing Conservatives seize on inflation fall to 2% target
Economy|Europe|Finance

Sterling firms versus euro and dollar after UK inflation data

Sterling rose after UK data showed that underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates.

Sterling firms versus euro and dollar after UK inflation data
Business|Finance|Stock Markets|US

Wall Street bucks global rally as bond yields rise

Wall Street shares pulled back from record highs hit early on Thursday in sympathy with rallying overseas indexes, as Treasury yields shook off

Wall Street bucks global rally as bond yields rise
Business|Economy|Europe|Finance

Bailey likely to bail on rate change

A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank

Bailey likely to bail on rate change
Business|Finance|Stock Markets

European shares rise after Swiss rate cut, BoE decision

European shares advanced on Thursday with broad-based gains as markets tracked a global upbeat sentiment, while shares of British,

European shares rise after Swiss rate cut, BoE decision
Business|Economy|Europe|Finance|Stock Markets

Bank of England keeps rates at 16-year high before UK election

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4's UK election, but the

Bank of England keeps rates at 16-year high before UK election
Economy|Finance|News

ECB's Knot backs one or two more rate cuts this year

European Central Bank policymaker Klaas Knot on Thursday backed market expectations for one or two more interest rate cuts this year as inflation appeared to be headed towards the

ECB's Knot backs one or two more rate cuts this year
Business|Economy|Europe|Finance|News|Stock Markets

UK markets jolted back to life by rate cut hopes, election buzz

Traders upped bets for a Bank of England rate cut in August, helping to underpin a pre-election rally for UK stocks and government bonds even

UK markets jolted back to life by rate cut hopes, election buzz
News|US

Apollo Global chief economist expects no Fed cuts this year

The U.S.

Apollo Global chief economist expects no Fed cuts this year
Asia|Business|Economy|Finance|News

Thai Finance Minister and central bank to discuss inflation target, PM says

Thailand's Finance Minister Pichai Chunhavajira will discuss the inflation target with the central bank governor, Prime Minister Srettha Thavisin said on Friday, adding additional

Thai Finance Minister and central bank to discuss inflation target, PM says
Business|Economy|Finance

It's all about the data

For markets trying to assess how quickly interest rate moves are likely to come, it's all about the data.

It's all about the data
Asia|Economy|Finance|News

BOJ debated need for timely rate hike, signals chance of July action

The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase "without too much delay" to address risks

BOJ debated need for timely rate hike, signals chance of July action
Business|Economy|Finance|News|US

Fed's Daly: inflation not the only risk, policy must 'exhibit care'

The Federal Reserve must "exhibit care" as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Monday, noting that

Fed's Daly: inflation not the only risk, policy must 'exhibit care'
Asia|Business|Economy|Finance

Bank of Japan opens door for a hawkish double surprise

The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think, and may even be accompanied by an interest rate

Bank of Japan opens door for a hawkish double surprise
Economy|Finance|News

Australia inflation jumps to 6-mth high in May, ramps up rate hike risks

Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices rose for a fourth month, figures that caught

Australia inflation jumps to 6-mth high in May, ramps up rate hike risks
Economy|Europe|Finance|Stock Markets

ECB policymakers see gradual easing if inflation falls as expected

The European Central Bank could gradually reduce interest rates if inflation falls as expected, two ECB policymakers said on Wednesday.

ECB policymakers see gradual easing if inflation falls as expected
Business|Finance|Stock Markets|US

Wall Street closes subdued as investors sit, wait for inflation data

U.S. stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a

Wall Street closes subdued as investors sit, wait for inflation data
Economy|Finance|News|US

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

US economic growth for last quarter is revised up slightly to a 1.4% annual rate
Business|Economy|Finance

Bank of England likely to cut rates in August, former MPC member says

The Bank of England is likely to cut interest rates soon, "probably in August", as long as inflation and wage data align with the Monetary Policy Committee's (MPC

Bank of England likely to cut rates in August, former MPC member says
Business|Economy|Finance|US

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

Inflation in the U.S. "appears to be narrowing" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta Fed President

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut
Economy|Finance|News|US

Federal Reserve's preferred inflation gauge shows price pressures easing further

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

Federal Reserve's preferred inflation gauge shows price pressures easing further
Business|Economy|Finance|News|US

Instant view: US inflation cools in May; consumer spending rises moderately

U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year.

Instant view: US inflation cools in May; consumer spending rises moderately
Economy|Finance|US

Traders add to Fed rate cut bets as inflation eases

Market bets rose on Friday that the Federal Reserve will cut interest rates by September and do so again in December after a government report showed a key measure of U.S. inflation

Traders add to Fed rate cut bets as inflation eases
Economy|Finance|News|US

US inflation cools in May, boosting hopes of Fed rate cut

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing

US inflation cools in May, boosting hopes of Fed rate cut
Business|Economy|Finance|News|US

Jobs, inflation data may break the US Treasury market out of narrow range

A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow

Jobs, inflation data may break the US Treasury market out of narrow range
Business|Economy|News|US

US manufacturing extends slump; inflation pressures ebbing

U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs

US manufacturing extends slump; inflation pressures ebbing
Business|Economy|News

UK shop price inflation weakest since October 2021, retailers say

Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister

UK shop price inflation weakest since October 2021, retailers say
Business|Economy|Europe|Finance|News

ECB's next rate cut an easy decision before choices become hard, Wunsch says

The European Central Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly

ECB's next rate cut an easy decision before choices become hard, Wunsch says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street drifts near its records as Tesla's jump offsets Nvidia's slide

U.S. stocks are drifting near their record levels

Stock market today: Wall Street drifts near its records as Tesla's jump offsets Nvidia's slide
Economy|Europe|Finance

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Inflation is on the way down in Europe

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
Business|Economy|Finance

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

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

Business|Economy|Finance|News|US

US job openings rise to 8.1 million despite higher interest rates

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

US job openings rise to 8.1 million despite higher interest rates
Economy|Finance|News|US

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
Business|Economy|Europe|Finance

ECB's Lagarde welcomes small inflation fall despite stubborn services

European Central Bank President Christine Lagarde welcomed a small fall in inflation last month as a step in the right direction,

ECB's Lagarde welcomes small inflation fall despite stubborn services
Election|Europe|Political

Twitchy, Truss-scarred UK bond market awaits a Labour government

A bond market crisis that rocked Britain's economy two years ago cast a long shadow over the country's election and will linger as Keir Starmer's Labour government

Twitchy, Truss-scarred UK bond market awaits a Labour government
Asia|Business|Stock Markets|Technology

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms

Asian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
Asia|Business|Economy|Finance|News

Fearing a bank crisis, China is sounding the alarm about a bond market bubble

Fearing a bank crisis, China is sounding the alarm about a bond market bubble

Business|Finance|Technology

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut

The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
Business|Economy|Finance|News|US

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week
Business|Economy|US

US weekly jobless claims rise as labor market gradually slows

First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high

US weekly jobless claims rise as labor market gradually slows
Business|Economy|Finance|News|US

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%

The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
Economy|Finance|News|US

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Asia|Economy|Finance

Bank of Korea says it targets inflation rate, not prices

South Korea should try to address the country's high prices through structural reforms, a Bank of Korea official said, as the central bank mainly targets

Bank of Korea says it targets inflation rate, not prices
Asia|Business|Economy|Finance|Stock Markets|US

Asian stocks draw robust foreign inflows on US rate outlook, tech rally

Foreign investors channelled massive money into Asian equities in June, after two months of selling, as easing U.S. price pressures raised hopes that the Federal Reserve

Asian stocks draw robust foreign inflows on US rate outlook, tech rally
Business|Economy|Finance

Bank of Israel firmly on hold next week, possibly until 2025: Reuters poll

The Bank of Israel will hold the line on short-term interest rates for a fourth straight meeting next week and perhaps until 2025 because of the war in Gaza,

Bank of Israel firmly on hold next week, possibly until 2025: Reuters poll
Economy|Finance|News|US

Dollar stays lower after US jobs data; euro up ahead of French election

The U.S. dollar index stayed slightly lower on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose,

Dollar stays lower after US jobs data; euro up ahead of French election
Asia|Business|Economy|Finance|Stock Markets

BOJ report to reveal broadening wage rise trend, sources say

The Bank of Japan will highlight how wage hikes are broadening across companies, including at smaller firms, in a report later this month, sources familiar with its

BOJ report to reveal broadening wage rise trend, sources say
Election|Finance|News|US

Bond market re-focus on US elections throws wrench into 2024 rally hopes

A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches.

Bond market re-focus on US elections throws wrench into 2024 rally hopes
Economy|News|US

US inflation easing, job market similar to pre-pandemic conditions, Fed report says

Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray,

US inflation easing, job market similar to pre-pandemic conditions, Fed report says
Business|Economy|Finance

Fewer UK companies plan to increase prices, survey shows

Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of

Fewer UK companies plan to increase prices, survey shows
Asia|Business|Economy|Finance|News

Bank of Japan signals progress in wage, price hikes

The Bank of Japan said wage hikes were broadening across the economy due to tight labour market conditions, signalling its confidence the country was making progress

Bank of Japan signals progress in wage, price hikes
Business|Economy|Finance|US

S&P 500 and Nasdaq notch record highs; chipmakers climb

The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome

S&P 500 and Nasdaq notch record highs; chipmakers climb
Business|Economy|Finance|News

Bank of England's Haskel says he wants to keep interest rates on hold

Bank of England policymaker Jonathan Haskel said on Monday that he does not want to cut interest rates from their current 16-year high as

Bank of England's Haskel says he wants to keep interest rates on hold
Uncategorized

NY Fed finds moderating near-term inflation expectations in June

By Michael S.

NY Fed finds moderating near-term inflation expectations in June
Business|Economy|Finance|Stock Markets|US

Global equities edge down, bond yields up with Fed in focus

MSCI's global equities index bumped around in a narrow range while edging lower on Tuesday while U.S. Treasury yields rose after U.S.

Global equities edge down, bond yields up with Fed in focus
Business|Economy|News|US

US economy no longer overheated, Fed's Powell tells Congress

The U.S. is "no longer an overheated economy" with a job market that has cooled from its pandemic-era extremes and in many ways is back where

US economy no longer overheated, Fed's Powell tells Congress
Business|Economy|Finance|News|US

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
Asia|Business|Finance|News|US

Debating the fate of rates

A look at the day ahead in Asian markets. Is a U.S. interest rate cut coming? If so, when?

Debating the fate of rates
Business|Economy|Finance|News|Stock Markets|World

New Zealand central bank maintains cash rate, signals potential for future easing

New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, but opened the door to monetary policy becoming less restrictive over time should

New Zealand central bank maintains cash rate, signals potential for future easing
Finance|Stock Markets|US

Rate cut prospects could bolster US stocks as investors await earnings, elections

The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in U.S. stocks that may soon be tested by

Rate cut prospects could bolster US stocks as investors await earnings, elections
Business|Economy|Europe|Finance

Turning the corner in the inflation fight

A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering an era of lower rates, after

Turning the corner in the inflation fight
Economy|Finance|Political|US

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

By Michael S.

Fed's Williams eyes further cuts as price pressures cool further
Asia|Australia|Economy|Finance|Political|Stock Markets

Euro drops as French government crisis escalates

The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to

Euro drops as French government crisis escalates
Asia|Finance|News

US inflation report to set the tone

A look at the day ahead in Asian markets.

US inflation report to set the tone
Asia|Business|Economy|Finance

Bank of Korea weighs rate cut timing as it delivers dovish hold

South Korea's central bank said it was time to prepare for a pivot to interest rate cuts but more evidence is needed to strengthen confidence that

Bank of Korea weighs rate cut timing as it delivers dovish hold
Business|Economy|Finance|Stock Markets|US

Global stock index falls with bond yields, dollar after US inflation data

A global index of stocks edged down and bond yields fell on Thursday after U.S. inflation data boosted bets on interest-rate cuts while the

Global stock index falls with bond yields, dollar after US inflation data
Business|Economy|Europe|News

UK housing market stays muted but optimism builds, RICS survey shows

Britain's housing market remained soft in June but surveyors were more positive about the outlook following this month's parliamentary elections and with interest rates likely to

UK housing market stays muted but optimism builds, RICS survey shows
Asia|Economy|Finance|US

Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll

Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S.

Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll
Economy|Finance|News|US

Is inflation still cooling? Thursday's report on June prices will provide clues

Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases

Is inflation still cooling? Thursday's report on June prices will provide clues
Business|Economy|Finance

Portfolio managers expect worse credit conditions in Q3, survey shows

Portfolio managers at the world's largest global financial institutions expect credit conditions to worsen over the next three months, according to a survey by the

Portfolio managers expect worse credit conditions in Q3, survey shows
Economy|Europe|Finance

ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows

The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a strong majority of economists polled by

ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows
Economy|Finance|US

June price drop may shorten the Fed's last mile on inflation

The "last mile" of the Federal Reserve's battle against inflation may have shortened to a last lap after U.S. consumer prices unexpectedly fell in

June price drop may shorten the Fed's last mile on inflation
Economy|Finance|US

Instant view- Tame US June CPI smoothes path for Fed ease

U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal

Instant view- Tame US June CPI smoothes path for Fed ease
Asia|Business|Economy|Finance|News

Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll

Japan's core consumer inflation probably picked up in June for a second straight month, a Reuters poll of 18 economists showed, keeping the central bank under

Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

U.S. stocks rose after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates
Business|Economy|Finance|US

Big bank quarterly results show signs of consumers slowing down spending

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday

Big bank quarterly results show signs of consumers slowing down spending
Business|Economy|Finance|US

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing

Global bond funds see hefty inflows on expectations of rate cut
Business|Economy|Finance|US

A big change could come to the US economy in September

A big change could come to the US economy in September

Economy|Finance|News|US

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

US wholesale inflation picked up in June in sign that some price pressures remain elevated
Economy|Finance|US

US producer price data points to subsiding inflation pressures

U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal

US producer price data points to subsiding inflation pressures
Business|Economy|Finance|News

Asking prices for UK homes fall as buyers await BoE rate cut, Rightmove says

Asking prices for British homes coming to the market fell this month, with signs that some buyers are waiting for the Bank of England to cut interest rates, a survey from

Asking prices for UK homes fall as buyers await BoE rate cut, Rightmove says
Asia|Economy|Finance

China central bank leaves medium-term rate unchanged as expected

China's central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans.

China central bank leaves medium-term rate unchanged as expected
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian stocks are mixed after Dow sets a new record

Asian stocks are mixed as investors grappled with the weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing

Stock market today: Asian stocks are mixed after Dow sets a new record
Business|Economy|Finance|US

Powell opens key week of Fedspeak as rate cut case develops

Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of

Powell opens key week of Fedspeak as rate cut case develops
Business|Economy|Finance

Canadian firms keep investments in check despite rate cut expectations

Canadian businesses expect interest rates to come down by as much as 100 basis points over the next year but their willingness to invest is below

Canadian firms keep investments in check despite rate cut expectations
Asia|Business|Economy|Finance|Stock Markets|US

World shares mixed, dollar advances amid improved U.S. manufacturing, French political drama

Stocks in the U.S. and Europe were mixed on Monday, while the dollar gained versus the euro, amid political turmoil in France and positive signals for the U.S.

World shares mixed, dollar advances amid improved U.S. manufacturing, French political drama
Asia|Business|Finance|Stock Markets

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
Business|Economy|Finance|US

Investors are optimistic but wary of geopolitics, BofA says

Expectations U.S. interest rates will fall, preventing a hard landing for the economy, has kept investors bullish, although geopolitics pose the biggest risk to that

Investors are optimistic but wary of geopolitics, BofA says
Business|Economy|News|US

US retail sales report showcases consumer, economic resilience

U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience

US retail sales report showcases consumer, economic resilience
Business|Economy|Finance|News

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

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

New inflation warning: Get used to high interest rates, IMF says
Economy|Finance|News|US

Fed's Kugler cautiously optimistic inflation headed to 2% target

Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank's 2% target, with goods,

Fed's Kugler cautiously optimistic inflation headed to 2% target
Asia|Business|Economy|Finance

Mixed global signals, Indonesia rate call eyed

A look at the day ahead in Asian markets.

Mixed global signals, Indonesia rate call eyed
Business|Economy|Finance|US

A top Fed official leans toward December rate cut but says it depends on economic data

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

A top Fed official leans toward December rate cut but says it depends on economic data
US

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

By Howard Schneider and Michael S.

Top Fed officials say they are 'closer' to cutting interest rates
Business|Economy|News|US

Oil prices steady as US rate-cut hopes contend with economic slowdown signals

Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with

Oil prices steady as US rate-cut hopes contend with economic slowdown signals
Business|Economy|Finance|News

UK pay growth slows but remains high for Bank of England

Wages in Britain grew a bit more slowly but still increased at a pace that would normally be too strong for the Bank of England, leaving in doubt

UK pay growth slows but remains high for Bank of England
Economy|Europe|Finance

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
Economy|Europe|Finance|Stock Markets

Euro holds firm after ECB leaves options open for Sept cut

The euro held steady on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged, and did not signal a cut in September was

Euro holds firm after ECB leaves options open for Sept cut
Business|Economy|Finance

India cenbank pegs natural rate higher, analysts caution on policy easing

India's central bank said on Thursday that the economy's natural rate of interest has increased since the pandemic and will rise further, driven by the growth of

India cenbank pegs natural rate higher, analysts caution on policy easing
Business|Economy|Europe|Finance|Stock Markets

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'

The European Central Bank kept interest rates unchanged on Thursday, and gave no hints as to what investors might expect at its next meeting, saying September was "wide open" and

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'
Economy

ECB hawks open to September rate cut if data supports it, sources say

Even some of the European Central Bank's more hawkish policymakers are open to an interest rate cut in September, provided incoming data confirm that disinflation is continuing,

ECB hawks open to September rate cut if data supports it, sources say
Asia|Economy|Finance|News

BOJ to forego July rate hike, over three-quarters of economists say: Reuters poll

The Bank of Japan will skip raising interest rates at its policy-setting meeting at the end of July as it looks to boost tepid economic growth, more than three-

BOJ to forego July rate hike, over three-quarters of economists say: Reuters poll
Business|Economy|Europe|Finance|News|US

First to hike, last to cut? BoE caution cossets pound: Mike Dolan

First to hike, first to hit its inflation target - and the last to cut?

First to hike, last to cut? BoE caution cossets pound: Mike Dolan
Business|Economy|Europe|Finance

ECB policymakers back more rate cuts as inflation heads back to goal

Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.

ECB policymakers back more rate cuts as inflation heads back to goal
Business|Economy|Finance|US

Fed faces wave of data before deciding on end-of-summer rate cut

Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said

Fed faces wave of data before deciding on end-of-summer rate cut
Economy|Europe|News

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows

Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank's 2% target by 2026%, an ECB survey showed on Friday.

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows
Business|Economy|Finance|US

Fed's Bostic: Base case remains for inflation to continue falling

Atlanta Federal Reserve President Raphael Bostic said on Monday he has an open mind about whether to cut interest rates again at the Fed's December meeting, with

Business|Economy|Finance|World

Top Russian banker says sanctions-hit economy will slow in 2025

Russia's sanctions-hit, militarized economy is expected to slow next year and banks' profits will fall, while the benchmark interest rate may

Top Russian banker says sanctions-hit economy will slow in 2025
Asia|Business|Economy|Finance

Japan's budget request to exceed $698 billion for fourth straight year, draft shows

Japanese ministries' budget demand for the next fiscal year is likely to exceed 110 trillion yen ($698 billion) for the fourth straight year, according to a

Japan's budget request to exceed $698 billion for fourth straight year, draft shows
Business|Economy|Europe|Finance

ECB's Kazimir opens door to two more rate cuts

European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.

ECB's Kazimir opens door to two more rate cuts
Business|Lifestyle|Technology

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

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

It’s becoming harder to get — and keep — a car
Economy|Europe|Finance|News

Bundesbank flags risks to bringing down inflation

Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate

Bundesbank flags risks to bringing down inflation
Business|Economy|Finance|News|US

Fed may be on cusp of emerging from 'elevated' inflation blues

In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and

Fed may be on cusp of emerging from 'elevated' inflation blues
Business|Economy|Finance|News|Stock Markets

Interest rate sensitive shares lift TSX ahead of BoC decision

Canada's main stock index rose on Monday, with the real estate and utilities sectors leading a broad-based rally ahead of an expected interest rate cut this week by the Bank

Interest rate sensitive shares lift TSX ahead of BoC decision
Asia|Business|Economy|Finance

South Korea's economic growth likely slowed sharply in second quarter: Reuters poll

After more than a year of moderate expansion, South Korea's economic growth likely slowed to a near halt last quarter as higher borrowing costs held back

South Korea's economic growth likely slowed sharply in second quarter: Reuters poll
Asia|Australia|Business|Finance|Stock Markets|US

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

Asian stocks are mostly lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
Business|Economy|Finance|News|Stock Markets

Energy sector drags TSX lower head of BoC rate decision

Canada's main stock index fell on Tuesday as a drop in oil prices weighed on energy shares, but the move was limited ahead of a potential interest rate cut by the Bank of

Energy sector drags TSX lower head of BoC rate decision
Asia|Economy

South Korean consumers turn most optimistic in 27 months

South Korea's consumer sentiment in July was the most optimistic in 27 months, with a brighter spending outlook due to easing inflation concerns, a central bank survey showed on

South Korean consumers turn most optimistic in 27 months
Business|Economy|Finance|News|Stock Markets

Bank of Canada cuts rates, sees weaker economy in 2024

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said

Bank of Canada cuts rates, sees weaker economy in 2024
Asia|Business|Economy|Finance

Sri Lanka cuts rates to stimulate economic recovery

Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country's

Sri Lanka cuts rates to stimulate economic recovery
Asia|Business|Economy|Finance|News

Some members on Japan panel urge BOJ to raise rates to counter weak yen

The Bank of Japan must raise interest rates to prevent excessive declines in the yen, private-sector members of a key government council said at a meeting last week where Governor

Some members on Japan panel urge BOJ to raise rates to counter weak yen
Business|Economy|Europe|Finance

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll

The Bank of England will trim Bank Rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll
Business|Economy|Finance|News

INSTANT VIEW: Bank of Canada cuts rates again

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation

INSTANT VIEW: Bank of Canada cuts rates again
Asia|Business|Economy|Finance|News

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

Market analysts react to surprise rate cut in China
Africa|Economy|Finance

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll

Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll
Business|Economy|Finance|News|Stock Markets

Small stocks are about to take over? Wall Street has heard that before.

After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently

Small stocks are about to take over? Wall Street has heard that before.
Business|Economy|Finance|News|Stock Markets|US

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Business|Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Business|Economy|Finance|News|Stock Markets|US

US inflation data lifts global stocks, lowers Treasury yields

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an

US inflation data lifts global stocks, lowers Treasury yields
Business|Economy|News|Stock Markets|US

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Economy|Europe|Finance

Euro zone consumers stopped lowering inflation expectations in June

Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.

Euro zone consumers stopped lowering inflation expectations in June
Economy|Finance|News|US

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
Business|Economy|Finance|US

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Business|Economy|Europe|Finance

ECB's Schnabel still sees tough 'last mile' in inflation fight

The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member

ECB's Schnabel still sees tough 'last mile' in inflation fight
Business|Economy|Finance

Smart moves to make when the Fed starts cutting rates

Smart moves to make when the Fed starts cutting rates

Smart moves to make when the Fed starts cutting rates
Business|Economy|Finance

This week: Federal Reserve meeting, Boeing earnings, Labor Department issues July jobs report

On Wednesday, Federal Reserve officials wrap up their latest policy meeting and aerospace giant Boeing reports its second-quarter earnings

Business|Europe|Finance|Stock Markets

European shares close lower in lead-up to Fed, earnings

European shares ended a touch lower on Monday as investors remained risk averse at the start of an earnings-packed week, while global risk events such

European shares close lower in lead-up to Fed, earnings
Business|Economy|Finance|News|US

Fed likely to hold rates steady one last time as inflation fight finale unfolds

The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as

Fed likely to hold rates steady one last time as inflation fight finale unfolds
Business|Economy|Finance|US

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Business|Economy|Finance|News|Stock Markets|US

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Business|Economy|Finance|News|US

Global economy's growing resilience at odds with rate cut expectations: Reuters poll

Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher

Global economy's growing resilience at odds with rate cut expectations: Reuters poll
Business|Economy|Finance

Surging yen upends popular global FX carry trades

A perfect storm of political, policy and technical risks has upended one of the year's most popular currency trades, sending

Surging yen upends popular global FX carry trades
Asia|Business|Economy|Europe|Stock Markets

Oil slips and equities ease in pre-Fed drift

A look at the day ahead in European and global markets from Tom Westbrook Oil prices slipped as worries about the demand outlook weighed broadly on commodities, while Asian equities and European stock

Oil slips and equities ease in pre-Fed drift
Business|Economy|US

The number of available jobs in the US is shrinking

The number of available jobs in the US is shrinking

The number of available jobs in the US is shrinking
Business|Economy

American consumers feeling more confident in July as expectations of future improve

American consumers felt more confident in July as expectations over the near-term future rebounded

American consumers feeling more confident in July as expectations of future improve
Economy|Finance|News|US

US consumer confidence rises in July; inflation expectations steady

U.S. consumer confidence unexpectedly rose in July, but remained in the tight range of the past two years amid lingering worries about inflation and higher borrowing costs.

US consumer confidence rises in July; inflation expectations steady
Business|Economy|Finance|US

US job openings fall marginally, consumers less upbeat on the labor market

U.S. job openings fell modestly in June and data for the prior month was revised higher, suggesting the labor market continued to gradually slow and was not in

US job openings fall marginally, consumers less upbeat on the labor market
Economy|Finance|News|US

It’s not the end of the world if the Fed doesn’t cut rates tomorrow

It’s not the end of the world if the Fed doesn’t cut rates tomorrow

Asia|Business|Economy|Finance|Stock Markets

BOJ lifts rates, signals slow end to historic bond buying binge

The Bank of Japan raised interest rates to levels unseen in 15 years and unveiled a detailed plan to slow its massive bond buying, taking another

BOJ lifts rates, signals slow end to historic bond buying binge
Business|Economy|Finance|News|US

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Business|Economy|Finance|News|US

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting
Asia|Business|Economy|Finance|Political

India's weak Q2 growth widens divide between government, cenbank priorities

India's central bank is under increasing political pressure to cut interest rates as soon as this week, after data showed growth was much

India's weak Q2 growth widens divide between government, cenbank priorities
Americas|Business|Economy|Finance|Stock Markets

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Four out of Canada's six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders' forecasts for

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom
Business|Economy|Finance|Political|US

Fed's Powell may have made US monetary policy boring again

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the

Fed's Powell may have made US monetary policy boring again
Business|Economy|Finance|News|US

What to do — and what not to do — now that the Fed is signaling lower rates

What to do — and what not to do — now that the Fed is signaling lower rates

What to do — and what not to do — now that the Fed is signaling lower rates
Economy|Finance|News|US|World

Dollar gains on geopolitical tensions, pound slips after rate cut

The dollar gained on Thursday as rising geopolitical tensions drove a safe-haven boost, while the British pound fell after the Bank of England cut interest rates

Dollar gains on geopolitical tensions, pound slips after rate cut
Business|Europe|Finance|News|Stock Markets

Markets bet on beneficent BoE

A look at the day ahead in European and global markets from Stella Qiu All eyes are on the Bank of England today, now that the Bank of Japan delivered its second interest rate hike in 17

Markets bet on beneficent BoE
Business|Economy|Finance|Stock Markets

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Business|Economy|Finance|US

Fed nods to cut, chips rebound, BoE up next

A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve left Wall Street with little doubt about a first U.S. interest rate cut in seven weeks' time, but multiple cross-

Fed nods to cut, chips rebound, BoE up next
Business|Economy|Finance

Major central banks' rate cuts gather pace

The global rate cut cycle is picking up steam, with half of developed markets' central banks having begun easing, and the U.S.

Major central banks' rate cuts gather pace
Business|Economy|News|US

US manufacturing gauge drops to eight-month low

A measure of U.S. manufacturing activity dropped to an eight-month low in July amid a slump in new orders, but that likely exaggerates the industry's struggles as production at

US manufacturing gauge drops to eight-month low
Business|Economy|Finance|News|US

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
Business|Economy|Finance

Leisure vehicle makers feel the heat this summer as big-ticket spending cools

Makers of ATVs, boats and other recreational vehicles are staring at a bleak summer as caution around big-ticket purchases amid high interest rates has dashed hopes of a

Leisure vehicle makers feel the heat this summer as big-ticket spending cools
Business|Economy|Finance|News|Stock Markets|US

US 30-year mortgage slides to lowest since February, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of

US 30-year mortgage slides to lowest since February, Freddie Mac says
Business|Economy|Europe|Finance|News

Bank of England rate cut boosts comeback factor for UK markets

Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England's move to cut interest rates from a 16-

Bank of England rate cut boosts comeback factor for UK markets
Asia|Business|Economy|Finance|News|Stock Markets

Markets wilt as growth fears slam yields

A look at the day ahead in Asian markets. 

Markets wilt as growth fears slam yields
Asia|Economy|News

South Korea inflation ticks up in July after three months of weakening

South Korea's consumer inflation ticked up in July on supply-side pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher than

South Korea inflation ticks up in July after three months of weakening
Economy|Finance|US

Dollar hits four-month low as weak US jobs data boosts rate cut bets

The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will

Dollar hits four-month low as weak US jobs data boosts rate cut bets
Business|Economy|News|US

Sharp slowdown in US job growth boosts unemployment rate to 4.3%

The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was

Sharp slowdown in US job growth boosts unemployment rate to 4.3%
Business|Economy|Finance

BoE rate cut adds to sense of turnaround in sluggish UK economy

The Bank of England's first interest rate cut in more than four years will help to foster a cautious sense of optimism about Britain's long-struggling economy,

BoE rate cut adds to sense of turnaround in sluggish UK economy
Business|Economy|Finance|News|US

Fed rate cuts loom large as US job market slows sharply

U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job

Fed rate cuts loom large as US job market slows sharply
Business|Economy|Finance|Stock Markets|US

Fed seen cutting rates by half a point in Sept, after weak jobs data

Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far

Fed seen cutting rates by half a point in Sept, after weak jobs data
Business|Economy|News|US

US economy adds far fewer jobs than expected. CNN breaks down what that means

Businesses added just 114,000 jobs in July, according to Bureau of Labor Statistics data released, and the unemployment rate unexpectedly leapt to 4.3%, which is the highest since October 2021. CNN's Paula Newton reports that’s a significantly lower total than the 175,000 that economists were expecting. 

US economy adds far fewer jobs than expected. CNN breaks down what that means
Business|Economy|Finance|News|Stock Markets|US

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong
Economy|Europe|Finance

ECB to continue cutting rates in December, Stournaras says

The European Central Bank is expected to continue cutting interest rates this month, ECB policymaker Yannis Stournaras said on Monday.

ECB to continue cutting rates in December, Stournaras says
Business|Economy|Finance|Stock Markets|US

Fed policymakers signal rate cuts ahead, but not recession

U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary

Fed policymakers signal rate cuts ahead, but not recession
Business|Economy|Finance

South African banks' earnings in spotlight ahead of first rate cuts

South African banks report their half-year earnings from Tuesday, with the focus on whether credit impairments have peaked and on the interest rate outlook,

South African banks' earnings in spotlight ahead of first rate cuts
Business|Economy|Finance|US

US swap spreads tighten in sign of stress

Spreads on U.S. interest rate swaps over Treasuries tightened or turned more negative on Monday as long-term investors hedged their exposure in the

US swap spreads tighten in sign of stress
News|US

US bond rally overdone but Fed should have cut rates in July, BlackRock manager says

A recent U.S.

US bond rally overdone but Fed should have cut rates in July, BlackRock manager says
Business|Economy|Finance|News|US

Fed's Daly: more confident inflation is on path to 2%

San Francisco Federal Reserve Bank President Mary Daly on Monday said she is "more confident" U.S. inflation is headed toward the Fed's 2% goal. 

Fed's Daly: more confident inflation is on path to 2%
Business|Economy|Finance|News|Stock Markets|US

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Economy|News|US

US recession worries surge again. What is in the data?

An unexpectedly weak U.S. employment report, featuring a post-pandemic high in the jobless rate, has rekindled worries a recession may be in the offing that

US recession worries surge again. What is in the data?
Economy|Finance|US

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll

The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll
Business|Economy|Finance

US corporate bond market issuance set to slow amid market volatility

Some corporate bond issuers are expected to delay sales this week, after market volatility caused investors to trim corporate bond holdings in favor of

US corporate bond market issuance set to slow amid market volatility
Americas|Economy|News

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll

Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll
Americas|Economy|Finance

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll

The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
Economy|Finance|News

NZ's rising jobless rate, low annual wage inflation back year-end rate cut bets

Rising unemployment in New Zealand and annual wage growth at a two-year low reinforced expectations that the country's central bank will move to cut interest

Asia|Economy|Finance

Yen tumbles as BOJ downplays chance of hikes, calming markets

The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a

Yen tumbles as BOJ downplays chance of hikes, calming markets
Business|Economy|Europe|Finance|News

Election and rate cut points to UK home sales pickup, RICS says

Britain's housing market looks set for a sales bounce in the coming months after the Bank of England cut interest rates and the new government turned its focus to the sector, a

Asia|Economy|Finance|News

South Korea's state-run think tank argues for early rate cuts

South Korea's state-run think tank on Thursday said there was a need for early cuts in interest rates, as it flagged weaker economic growth and inflation amid sluggish domestic

Economy|Finance

Mexico headline inflation hits highest level in more than a year

Mexico's headline inflation rate rose again in July, reaching a level not seen in over a year, while the core index showed signs of moderation, according to data

Mexico headline inflation hits highest level in more than a year
Business|Economy|Finance

Homeowners race to refinance as mortgage rates retreat from 23-year highs

A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments

Homeowners race to refinance as mortgage rates retreat from 23-year highs
US

US yields jump on better than expected jobs claims data

U.S.

Business|Economy|Finance|News

Mortgage rates plunge to lowest level in more than a year

Mortgage rates plunge to lowest level in more than a year

Mortgage rates plunge to lowest level in more than a year
Finance|News|US

U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from

Business|Economy|Finance|News|US

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
Economy|News

BoE's Mann says UK wage pressures may last for years

Catherine Mann, an external member of the Bank of England's Monetary Policy Committee, said in a podcast released on Monday that goods and services prices were set to rise again and

Business|Economy|Finance|Stock Markets|US

Wall Street ends higher as softer producer prices data boosts rate-cut bets

U.S. indexes closed up on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in

Business|Economy|Finance|US

Dollar weakens as markets await US consumer price data

The dollar softened against the yen on Tuesday and was weaker against a basket of its peers in calmer trading, as markets await U.S. inflation data that could

Business|Economy|News

Home Depot issues a warning about the economy

Home Depot issues a warning about the economy

Home Depot issues a warning about the economy
Business|Finance|Stock Markets|US

Stocks rise, bond yields drop on soft US PPI data

Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices increased less than expected in July, reinforcing

Stocks rise, bond yields drop on soft US PPI data
Business|Economy|Finance|US

US producer inflation slows as pricing power diminishes

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing

US producer inflation slows as pricing power diminishes
Americas|Business|Economy

Brazil's service sector beats forecasts, hits record high in June

Services activity in Brazil grew more than expected in June to hit an all-time high, eclipsing a record that had been set in December 2022, data from statistics agency IBGE showed

Economy|Finance|News

UK pay growth drops to lowest in nearly 2 years, joblessness falls

British pay grew at its slowest pace in nearly two years, likely reassuring the Bank of England that inflation pressures are easing, and there was a surprise drop

Business|Economy|Finance

South Korea to set guidelines to speed up switch to new interest rate swaps benchmark, say sources

South Korea plans to announce guidelines to encourage the use of an alternative benchmark in its $4.3 trillion interest rate swap market and replace Certificate of

Australia|Economy|Finance

Australia consumers brighten up as rate fears ease, tax cuts kick in

Australian consumer sentiment bounced in August as rate fears subsided and the outlook for family finances improved due to the government's tax cuts and other cost-of-living

News|US

Treasury yields trade slightly lower ahead of inflation reports

U.S.

Business|Economy|Finance|Stock Markets

Hedge funds retrench on risk, fearful of increased volatility

Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets.

Economy|Finance|News

NZ delivers first rate cut in over 4 years and flags more easing, kiwi tumbles

New Zealand's central bank slashed its benchmark rate for the first time since March 2020 and flagged more cuts over coming months, saying inflation was nearing

Business|Economy|Europe|Finance|News|Stock Markets

Welcome to the cutting club, Kiwis

A look at the day ahead in European and global markets from Stella Qiu The Reserve Bank of New Zealand is known for a tendency to surprise, and this time is no different.

Asia|Business|Finance

Asian bonds attract hefty inflows on US rate outlook, strong exports

Foreign investors were net buyers of Asian bonds for the third consecutive month in July, spurred by strong regional export growth and expectations of a September rate cut by the U.S.

Economy|Finance|US

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates
Africa|Business|Economy|Finance|Stock Markets

Zambia holds key rate over drought's impact on economy

Zambia's central bank kept its benchmark lending rate unchanged on Wednesday, saying that although inflation remained high its stance was appropriate given the

Africa|Economy|Finance|News

Namibia central bank cuts main rate as inflation slows

Namibia's central bank cut its main interest rate by 25 basis points on Wednesday, citing a slowdown in inflation and inflation expectations.

Business|Economy|Finance|Stock Markets|US

S&P 500 ends up, win streak at 5; Nasdaq ekes out gain even as Alphabet weighs

The S&P 500 ended higher on Wednesday, stretching its winning streak to five sessions, as the latest inflation data reassured investors betting the Federal Reserve would

Business|Economy|Finance

US junk debt investors cautious of leveraged loans as economy slows

Leveraged loan deals are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about junk-rated loans if

Business|Economy|Finance|US

US annual consumer price increase slows to below 3% as inflation ebbs

U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door

Business|Economy|Finance|News|US

Top official says Federal Reserve can't risk being too late with rate cuts

A top Federal Reserve official warned that the central bank needs to cut its key interest rate before the job market weakened further or the Fed would risk moving too late and potentially imperil the economy

Business|Economy|Finance

Australia churns out new jobs even as unemployment rises

Australian employment sped past forecasts in July, yet the jobless rate ticked higher to a 2-1/2 year high as worker participation hit a record in a sign

Business|Economy|Finance|News|US

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy

Wall Street rallied close to its record heights after data showed the U.S. economy is holding up better than expected

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Business|Economy|Europe|Finance|Stock Markets

Data tests loom for Fed, BoE

A look at the day ahead in European and global markets from Kevin Buckland This week, and this month, are once again showing that data is king, with investors parsing recent economic releases for

Data tests loom for Fed, BoE
Business|Economy|Europe|News

UK economy grows strongly in Q2 but slowdown seen ahead

Britain's economy recorded a second quarter of strong growth as it recovered from last year's shallow recession but it lost momentum as it entered

Business|Economy|Opinion

The war on inflation has been won. It’s OK if you’re still angry

The war on inflation has been won. It’s OK if you’re still angry

Business|Economy|Finance|US

US import prices edge up in July

U.S. import prices barely rose in July, extending the flow of tame inflation readings that have bolstered financial market expectations for an interest rate cut next month.

US import prices edge up in July
Business|Economy|Finance|US

US retail sales rise more than expected in July

U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemployment

Business|Economy|News|US

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report

Sales at US retailers unexpectedly surged in July, the Commerce Department reports, rising by 1% from the prior month, up from June’s downwardly revised 0.2% decline.

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report
Business|Economy|Finance|News|US

U.S. 30-year fixed-rate mortgage steadies near 15-month low, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week, as signs of cooling inflation have

Business|Economy|Finance|US

US corporate bond spreads recover on promising economic data

U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground after recent strong economic data increased

US corporate bond spreads recover on promising economic data
Business|Economy|News

NEW REPORTS CAN HELP YOU DECIDE ON BUYING A HOUSE (4aET)

Pivotal new stats suggest a turnaround for homebuyers might be here at last, analysts say.

NEW REPORTS CAN HELP YOU DECIDE ON BUYING A HOUSE (4aET)
Business|Economy|Finance|Stock Markets|US

Dollar softens, yen set for weekly fall as US recession worries fade

The dollar fell against the yen on Friday, and was softer against other peers as traders took profits and investors sifted through economic data to gauge the

Dollar softens, yen set for weekly fall as US recession worries fade
Business|Economy|Finance

Thai central bank to hold rates until Q2 2025, political turmoil risks early cut - Reuters poll

The Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday and through Q1 2025 to balance growth with inflation control while assessing the

Thai central bank to hold rates until Q2 2025, political turmoil risks early cut - Reuters poll
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year

U.S. stocks climbed, and Wall Street pulled closer to its record heights following its roller coaster of a summer

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year
Economy|Finance|News|US

Goldman Sachs lowers odds of US recession to 20% from 25%

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25% following the latest weekly jobless claims and retail sales reports.

Goldman Sachs lowers odds of US recession to 20% from 25%
Asia|Business|Economy|Finance

China leaves key lending benchmarks unchanged, as expected

China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations.

China leaves key lending benchmarks unchanged, as expected
Business|Economy|Finance

Australia central bank sees near-term interest rate cut as unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating

Australia central bank sees near-term interest rate cut as unlikely
Business|Economy|Finance

Gold extends record rally on dollar weakness, rate-cut bets

Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the

Gold extends record rally on dollar weakness, rate-cut bets
Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street slips and breaks an 8-day winning streak

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year

Stock market today: Wall Street slips and breaks an 8-day winning streak
Business|Europe|Finance|Stock Markets|US

Anticipation builds for Powell blessing on rates

A look at the day ahead in European and global markets from Rae Wee There's a lot hinging on Federal Reserve Chair Jerome Powell's speech at the end of this week but, until then, stocks look set for a

Anticipation builds for Powell blessing on rates
Asia|Business|Economy

BOJ highlights rising wage pressure from structural job market changes

Japan's dwindling working-age population is leading to structural changes in the labour market that are heightening pressure on firms to hike wages and services

BOJ highlights rising wage pressure from structural job market changes
Australia|Business|Economy

Australia's retail sales firm for 3 months as consumer mood brightens

Australian retail sales firmed for a third straight month in October as tax cuts flowed through to wage packets and consumers became more confident that interest rates

Australia's retail sales firm for 3 months as consumer mood brightens
Business|Economy|Finance|News

Canada inflation cools to 40-month low of 2.5% in July

Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased as well, data showed on Tuesday, keeping the Bank of

Canada inflation cools to 40-month low of 2.5% in July
Economy|Finance|US

Fed's Bowman still cautious about changing policy stance

Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank's policy because of what she sees as continued upside risks for

Fed's Bowman still cautious about changing policy stance
Economy|Finance|News

UK employer pay awards soften in three months to July, Brightmine survey shows

Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth.

UK employer pay awards soften in three months to July, Brightmine survey shows
Business|Economy|News|Stock Markets|US

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

U.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
Business|Economy|Europe|Finance|US

Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have

Euro, now a safer bet, emerges a winner from market turmoil
Business|Economy|Finance|Stock Markets

Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll

Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, according to a Reuters poll of

Global stocks set for modest gains, hinging on series of rate cuts: Reuters poll
Business|Economy|Finance

Bank of England to deliver one more rate cut this year, economists say: Reuters poll

The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is

Bank of England to deliver one more rate cut this year, economists say: Reuters poll
Asia|Economy|Finance|Stock Markets

Rupee dips; forward premiums rise amid near certainty on Fed rate cuts

The Indian rupee was marginally weaker on Thursday amid a pause in the rally in Asian peers, while forward premiums rose after Federal Reserve minutes and downward

Rupee dips; forward premiums rise amid near certainty on Fed rate cuts
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street weakens ahead of a highly anticipated speech

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday

Stock market today: Wall Street weakens ahead of a highly anticipated speech
Economy|Europe

It's beginning to look a lot like rate cuts

A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons.

It's beginning to look a lot like rate cuts
Economy|Finance|News|Stock Markets|US

King dollar's crown is slipping

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. If the pressure on global markets from the tumult at the start of the month has abated, nobody told the dollar.

King dollar's crown is slipping
Business|Finance|Stock Markets|US

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever

The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.    

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
Business|Economy|Finance|Stock Markets|US

US 30-year fixed-rate mortgage slips to lowest level since May 2023

The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the

US 30-year fixed-rate mortgage slips to lowest level since May 2023
Economy|Finance|News

Japan's core inflation picks up, but demand-driven growth below 2%

Japan's core inflation accelerated for a third straight month in July, data showed on Friday, but a slowdown in demand-driven price growth

Japan's core inflation picks up, but demand-driven growth below 2%
Business|Economy|Finance

BOJ's Ueda signals readiness to raise rates if growth, inflation on track

Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on course to sustainably hit the 2%

BOJ's Ueda signals readiness to raise rates if growth, inflation on track
Economy|Europe|Finance

ECB has room for gradual rate cuts, Kazaks says

The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged,

ECB has room for gradual rate cuts, Kazaks says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates

U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates
Business|Economy|Finance|News|US

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
Business|Economy|Finance|Stock Markets|US

Dollar stuck in a Hole as Powell speaks

A look at the day ahead in U.S. and global markets from Mike Dolan Jerome Powell takes centre stage at the Federal Reserve's Jackson Hole jamboree on Friday but the Fed chair would have to sound super

Dollar stuck in a Hole as Powell speaks
Americas|Business|Economy|Finance|News|Stock Markets

TSX hits record high as Fed chief signs off on rate cuts

Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed the

TSX hits record high as Fed chief signs off on rate cuts
Business|Economy|Finance|News|Stock Markets

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move
Business|Economy|Finance|News|Stock Markets|US

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now
Business|Economy|Finance|News|US

Powell green lights September rate cut

Federal Reserve Chair Jerome Powell said on Friday "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness

Powell green lights September rate cut
Economy|Finance|News

How to prepare for the Fed's forthcoming interest rate cuts

The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages

How to prepare for the Fed's forthcoming interest rate cuts
Economy|Europe|Finance

ECB making good progress but job not done, Lane says

The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still

ECB making good progress but job not done, Lane says
Business|Economy|Finance

Turkey's Isbank CEO sees challenges ahead, November rate cut

Turkish banks will pay the price throughout next year as challenges linger from the country's economic turnaround, the chief executive of lender Isbank said in an

Turkey's Isbank CEO sees challenges ahead, November rate cut
Business|Economy|News|US

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
Asia|Business|Economy

Bank of Korea to cut rates in Feb following Thursday's surprise move as economy wavers: Reuters poll

The Bank of Korea will take a pass in January but cut interest rates by a quarter-point in February following an unexpected reduction on Thursday to support a

Bank of Korea to cut rates in Feb following Thursday's surprise move as economy wavers: Reuters poll
Business|Economy|News|US

BOJ shows how action matters more than hawkish signs

For academics and policymakers gathered at the U.S.

BOJ shows how action matters more than hawkish signs
Business|Economy|Finance|News|US

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya
Business|Economy|Finance

Mortgage rates are falling. Here’s what you should know before buying a new home

Mortgage rates are falling. Here’s what you should know before buying a new home

Mortgage rates are falling. Here’s what you should know before buying a new home
Business|Economy|Finance|US

US business spending on equipment shows signs of cooling in July

New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in

US business spending on equipment shows signs of cooling in July
Business|Economy|Finance

UK shop prices dip for first time in nearly 3 years, survey shows

British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday.

UK shop prices dip for first time in nearly 3 years, survey shows
Economy|News|US

Housing affordability in America is finally improving. Not so much in these cities

Housing affordability in America is finally improving. Not so much in these cities

Housing affordability in America is finally improving. Not so much in these cities
Economy|News|US

US consumer confidence scales six-month high, labor market angst rises

U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the labor

US consumer confidence scales six-month high, labor market angst rises
Economy|Finance|US

Gold falls on firmer dollar as US data takes spotlight

Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for clues on the

Gold falls on firmer dollar as US data takes spotlight
Business|Economy|Finance|News

BOJ's Himino reiterates readiness to raise rates if economy on track

Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank's stance that it would continue to raise interest rates

BOJ's Himino reiterates readiness to raise rates if economy on track
Asia|Business|Economy|Finance

Thai central bank says growth outlook below potential

Thailand's monetary policy committee makes decisions based on the economic outlook when reviewing rates and so would adjust them if the

Thai central bank says growth outlook below potential
Business|Economy|Finance|US

US 30-year mortgage rate falls to lowest since April 2023

The interest rate for the most popular U.S. home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing

US 30-year mortgage rate falls to lowest since April 2023
Business|Economy|Finance

Brazil's central bank chief wants flexibility for next rate decision

Brazil's central bank has provided no guidance for its upcoming policy meeting because of its need for flexibility at this time as it tries to bring inflation back

Brazil's central bank chief wants flexibility for next rate decision
Americas|Business|Economy|Finance|News

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%

The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank's quarterly report on Wednesday, citing weaker foreign

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%
Economy|News

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024

Turkey's economic growth is expected to have fallen to 3.2% in the second quarter of this year as tighter economic policies weighed, a Reuters poll showed on Thursday, with the

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024
Economy|Finance

Sterling's stunning rally keeps twitchy currency markets on edge

Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate

Sterling's stunning rally keeps twitchy currency markets on edge
Business|Economy|Europe|Finance|News

German inflation falls to 2.0% in August, aiding ECB rate cuts

German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to

German inflation falls to 2.0% in August, aiding ECB rate cuts
Business|Economy|Finance

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
Economy|Finance|News

Russian central bank says new rate hike in September is not a certainty

Another key interest rate hike in September is not a certainty, as economic growth and lending are slowing down, a senior central bank official said on Thursday in

Russian central bank says new rate hike in September is not a certainty
Business|Economy|Finance

New Zealand consumer confidence lifts in August, survey shows

Consumer confidence in New Zealand improved in August and while historically still weak it is well off its lows, a survey showed on Friday.

New Zealand consumer confidence lifts in August, survey shows
Asia|Business|Economy|Finance|News

The Chinese central bank's policy arsenal

The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed

The Chinese central bank's policy arsenal
Asia|Business|Economy|Finance|News

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut

Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
Business|Economy|Finance|News

UK house prices fall for first time since April, Nationwide says

British house prices unexpectedly fell in August for their first monthly drop since April but the outlook for the property market is likely to strengthen,

UK house prices fall for first time since April, Nationwide says
Economy|Europe|Finance|Stock Markets

European shares inch up to record high as inflation data sets stage for ECB rate cut

European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation

European shares inch up to record high as inflation data sets stage for ECB rate cut
Business|Economy|US

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll

U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S.

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll
Business|Economy|News

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

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

Latest inflation data gives a ‘bright green light’ for a rate cut
Economy|Finance|News

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Business|Economy|Finance|News

Canada's growth stronger than expected, bank still seen cutting rates

Canada's economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates for a

Canada's growth stronger than expected, bank still seen cutting rates
Economy|Finance|News|US

Solid US consumer spending pushes against hopes for hefty Fed rate cut

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
Economy|Finance|Stock Markets|US

US bond funds see sharp inflows amid bets of rate cut

U.S. bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and

US bond funds see sharp inflows amid bets of rate cut
Business|Economy|Europe|Finance

ECB would be "wise" to cut rates in September, Villeroy says

The European Central Bank would be "wise" to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of

ECB would be "wise" to cut rates in September, Villeroy says
Business|Economy|Finance|News|Stock Markets|US

Global stocks start September in cautious mood

Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether

Global stocks start September in cautious mood
Business|Economy|Finance|US

Dollar eases after hitting highest in two weeks, US job data looms

The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the

Dollar eases after hitting highest in two weeks, US job data looms
Business|Economy|News

Japan's factory activity contracts at milder pace, PMI shows

Japan's factory activity contracted at a slower pace in August thanks to a recovery in output and new orders, a private-sector survey showed on Monday, offering some hope for an

Japan's factory activity contracts at milder pace, PMI shows
Australia|Business|Economy|Finance

Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows

Australian job advertisements fell for a seventh straight month in August, data showed on Monday, as demand for labour continued to ease in the face of high interest rates and a

Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows
Asia|Economy|News

Indonesia's inflation stays within central bank range in Aug

Indonesia's annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding

Indonesia's inflation stays within central bank range in Aug
Economy|Finance

Swiss franc carry trade comes fraught with safe-haven rally risk

As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever

Swiss franc carry trade comes fraught with safe-haven rally risk
Economy|Finance|News|US

A dollar on the defensive brings relief to policymakers globally

The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to

A dollar on the defensive brings relief to policymakers globally
Business|Economy|Finance|News

Russian central bank set to hike key rate by another 100 bps: Reuters poll

Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters

Russian central bank set to hike key rate by another 100 bps: Reuters poll
Asia|Economy|Finance|News

S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut

South Korea's consumer inflation slowed in August to the weakest in nearly 3-1/2 years, official data showed on Tuesday, supporting market expectations for an easing of

S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut
Business|Economy|Finance|Stock Markets|US

Fed policymakers agree on need for rate cuts, but their reasons vary

As recently as two and a half months ago, most U.S. central bankers didn't see an interest rate cut in the cards at their Sept. 17-18 meeting.

Fed policymakers agree on need for rate cuts, but their reasons vary
Economy|Finance|News

Russian central bank says medium-term inflation risks remain high

Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady

Russian central bank says medium-term inflation risks remain high
Business|Economy|Finance|US

US housing inflation likely to fall in year ahead, Fed paper says

U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank

US housing inflation likely to fall in year ahead, Fed paper says
Economy|Europe|Finance

ECB at risk of becoming too restrictive, Cipollone says

The European Central Bank can continue to cut interest rates given the slowdown in inflation, and there is a risk the bank could keep policy too tight, ECB board member Piero

ECB at risk of becoming too restrictive, Cipollone says
Business|Economy|Finance|US

US job openings hit 3-1/2-year low as labor market eases

U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is probably not enough to

US job openings hit 3-1/2-year low as labor market eases
Business|Economy|News|US

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021
Business|Economy|Finance|News|US

Fed rate-cut size this month to hinge on job market health

Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-

Fed rate-cut size this month to hinge on job market health
Business|Economy|Finance|News|Stock Markets|US

US job openings fall to 3-1/2-year low in July

U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but probably not enough for the Federal Reserve to consider a big interest

US job openings fall to 3-1/2-year low in July
Economy|Finance|US

Dollar eases ahead of US payrolls test

The U.S. dollar eased against most major currencies on Thursday in choppy trading as investors braced for Friday's U.S. payrolls report,

Dollar eases ahead of US payrolls test
Business|Economy|Finance|News|Stock Markets

Global equity index slips ahead of US jobs data; oil steadies

MSCI's global equities index edged down on Thursday as investors digested mixed economic data while they anxiously waited for Friday's crucial

Global equity index slips ahead of US jobs data; oil steadies
Business|Economy|Europe|Finance|Stock Markets

Markets hit tentative pause on selloff

A look at the day ahead in European and global markets from Ankur Banerjee Markets hit the pause button after a selloff in equities since the start of the week but sentiment remained fragile, as

Markets hit tentative pause on selloff
Asia|Economy|Finance

Bullish bets on most Asian currencies rise on Fed rate cut bets: Reuters poll

Analysts have raised bullish bets on most Asian currencies after mixed data heightened concerns about economic growth in the world's largest economy, increasing the odds of

Bullish bets on most Asian currencies rise on Fed rate cut bets: Reuters poll
Business|Economy|News

UK construction growth slows despite housing drive, PMI shows

Growth in Britain's construction industry slowed in August despite the biggest pickup in homebuilding in nearly two years, according to a survey on Thursday that added to signs of

UK construction growth slows despite housing drive, PMI shows
Business|Economy|Europe|Finance

Bank of England allots record 40 billion pounds in weekly repo

The Bank of England allotted a record 40.29 billion pounds ($53.02 billion) in seven-day funds in its weekly short-term repo on Thursday, up from 36.584 billion pounds last week.

Bank of England allots record 40 billion pounds in weekly repo
Business|Economy|Finance|US

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll
Economy|News|US

Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling

Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels
Business|Economy|Finance|US

US second-quarter productivity revised higher

U.S. worker productivity grew faster than initially thought in the second quarter, reining in labor costs, suggesting that inflation pressures could continue to subside.

US second-quarter productivity revised higher
Business|Economy|News|US

US labor market stays afloat as unemployment rate falls to 4.2%

U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested the labor market was not falling off the cliff to

US labor market stays afloat as unemployment rate falls to 4.2%
Business|Economy|Finance

Cash could stay attractive for months despite rate cuts, JP Morgan says

Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to

Cash could stay attractive for months despite rate cuts, JP Morgan says
Business|Economy|Finance|News|Stock Markets|US

Global stock index, Treasury yields fall after mixed US jobs report

MSCI's global equities gauge fell more than 1% on Friday and U.S.

Global stock index, Treasury yields fall after mixed US jobs report
Business|Economy|Finance|News|Stock Markets|US

Wall Street stocks fall, big weekly drop as market waits for Fed to move

U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal

Wall Street stocks fall, big weekly drop as market waits for Fed to move
Business|Economy|Finance|Stock Markets|US

Payrolls, Williams and Waller - a big decider

A look at the day ahead in U.S. and global markets from Mike Dolan Friday looks set to play out like a concentrated version of what markets have been navigating all year - what's the fine

Payrolls, Williams and Waller - a big decider
Business|Economy|Finance|News

Canada's unemployment rate at 6.6%, economists call for larger rate cuts

Canada's unemployment rate edged up to 6.6% in August, scaling past a seven-year peak excluding the pandemic years of 2020 and 2021, data showed on Friday,

Canada's unemployment rate at 6.6%, economists call for larger rate cuts
Business|Finance|News|Stock Markets|US

Traders see Fed starting with 25 bps cut in Sept

Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor

Traders see Fed starting with 25 bps cut in Sept
Americas|Economy

Mexico inflation seen easing in August after months accelerating: Reuters poll

Mexico's headline inflation rate likely eased in August after accelerating for the previous five months, a Reuters poll of analysts showed on Friday, boosting expectations that

Mexico inflation seen easing in August after months accelerating: Reuters poll
Economy|Finance|US

Economic worries back on Wall Street's radar after jobs data

Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling

Economic worries back on Wall Street's radar after jobs data
Business|Economy|News|US

US employers have good reasons not to hire more workers now

US employers have good reasons not to hire more workers now

US employers have good reasons not to hire more workers now
Business|Economy|News

UK labour market loses steam in August, recruiters say

Britain's labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey of recruiters on Monday that could bolster the case for

UK labour market loses steam in August, recruiters say
Asia|Business|Economy|News

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy

Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy
Business|Economy|Finance|News|Stock Markets|US

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital
Business|Economy|Finance|US

US inflation may soon undershoot Fed's 2% target: McGeever

After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon

US inflation may soon undershoot Fed's 2% target: McGeever
Americas|Economy|Finance

Brazil economists see rate hike amid stronger growth, ending 11-week stability streak

Brazilian economists surveyed weekly by the central bank have aligned their expectations with future interest rate pricing, now anticipating a rate hike at this

Uncategorized

NY Fed report finds mostly stable inflation expectations in August

By Michael S.

NY Fed report finds mostly stable inflation expectations in August
Business|Economy|Finance|News|Stock Markets

The Dow gets a big boost

The Dow gets a big boost

The Dow gets a big boost
Business|Economy|Finance

Australian consumers downbeat in Sept amid economic worries

Australian consumer sentiment stayed downbeat in September as concerns over the economy and jobs bubbled to the surface even as worries over higher interest rates eased, a survey

Australian consumers downbeat in Sept amid economic worries
Asia|Economy|Finance|News

Pakistan's central bank expected to cut rates: Retuers poll

Pakistan's central bank is expected to cut its key interest rate further during its policy meeting on Thursday, analysts said, after inflation dropped to single

Business|Economy|Europe|Finance|Stock Markets

German inflation falls to the lowest level in more than three years

German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central

German inflation falls to the lowest level in more than three years
Business|Finance|Stock Markets|US

Calm returns as TV debate eyed, China angst

A look at the day ahead in U.S. and global markets from Mike Dolan Markets have recovered their poise this week on a potent mix of U.S. 'soft landing' hopes and interest rate cut speculation and now

Calm returns as TV debate eyed, China angst
Business|Finance|US

Morgan Stanley expects mergers, IPOs to lag trends through 2024

Morgan Stanley expects activity for mergers, acquisitions and initial public offerings to remain below trends for the rest of the year,

Business|Economy|Finance|Stock Markets|US

Jobs data set to pave way for rates path, stocks

The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help

Jobs data set to pave way for rates path, stocks
Business|Economy|Finance|Political|US

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

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

Why Trump’s tariff plans could lead to higher interest rates
Business|Economy|Finance|Stock Markets|Technology|US

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech

U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of influential Big Tech companies

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech
Economy|Finance|US

'Blunt' interest rates pose questions about Fed easing :Mike Dolan

If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.

'Blunt' interest rates pose questions about Fed easing :Mike Dolan
Economy|Election|Finance|US

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

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
Business|Europe|Finance|Stock Markets

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

FTSE 100 drops on Rentokil warning; U.S. inflation data weighs
Economy|Finance|News|US

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

US inflation trending lower, but some stickiness remains
Business|Economy|Finance|Stock Markets|US

US banks extend fall as investors assess executives' sobering forecasts

U.S. bank stocks fell on Wednesday, extending declines after top executives warned of a slower-than-anticipated recovery in investment banking and an expected hit to

US banks extend fall as investors assess executives' sobering forecasts
Economy|Finance|News|US

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

Small Aug CPI rise seen sealing 25 bp cut next week
Business|Economy|Finance|News|US

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

Fed expected to deliver quarter-percentage-point rate cut next week
Business|Economy|Finance|News

UK pay settlements lowest in nearly two years, IDR survey shows

Pay awards granted by British employers fell during the three months to July, according to a survey that chimed with an official gauge of cooling wage growth that

UK pay settlements lowest in nearly two years, IDR survey shows
Asia|Economy|Finance

Bank of Korea board member says growth, financial stability are key to rate cuts

A board member of South Korea's central bank said economic growth and financial stability are key factors for the monetary policy board to consider as it determines the timing and

Bank of Korea board member says growth, financial stability are key to rate cuts
Business|Finance|Stock Markets|US

Wall Street ends higher, gold hits record ahead of rate cuts

Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Wall Street ends higher, gold hits record ahead of rate cuts
Business|Economy|Finance|News|Stock Markets|US

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

Stock market today: Wall Street climbs closer to its record high
Business|Europe|Finance|Stock Markets

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%

European shares hit one-week high as ECB cuts interest rates
Business|Economy|Europe|Finance

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

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

Receiving swaps to get more profitable than adding bonds in India, BNP Paribas exec says

Indian investors should prioritize receiving bets on overnight indexed swaps over taking fresh long positions in bonds as potential gains from OIS are expected

Receiving swaps to get more profitable than adding bonds in India, BNP Paribas exec says
Business|Economy|Finance|News|Stock Markets|US

The first cut isn't always the deepest

A look at the day ahead in U.S. and global markets by Amanda Cooper. The first cut might be the deepest in some cases, but in the case of the Federal Reserve, it would seem not.

The first cut isn't always the deepest
Business|Economy|Europe|Finance|News

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.

ECB cuts growth forecasts, still sees inflation at target in late 2025
Business|Economy|Europe|Finance

ECB cuts rates as growth and inflation slow

The European Central Bank cut its interest rates on Thursday, saying lower inflation and economic growth were allowing it to take its foot off the brake slightly.

ECB cuts rates as growth and inflation slow
Business|Economy|Finance|US

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.

Business|Economy|Finance|News|US

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut

The U.S. dollar fell on Friday to its

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
Americas|Business|Economy|Europe|Finance|News|US

Fed, ready, steady, cut

Don't go anywhere: an event-packed week is coming up with central banks from the United States to Brazil and from Europe to Japan meeting.

Fed, ready, steady, cut
Business|Economy|Europe|Finance

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.

Top ECB governors voice confidence on inflation and rates
Economy|Finance

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off
Economy|Finance|US

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 climbs to four-month high; import prices drop
Business|Economy|Finance|Stock Markets

Gold bulls set sights on previously dismissed record $3,000/oz milestone

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by

Gold bulls set sights on previously dismissed record $3,000/oz milestone
Business|Economy|Finance|US

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 ticks higher for second month but remains subdued
Business|Economy|Finance|News

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.

Bank of Canada governor raises prospect of faster rate cuts, FT reports
Economy|Finance|News

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

Israel CPI jumps to 10-month high of 3.6% in August
Asia|Business|Economy|Finance|News

China gloom vs Wall St vroom

A look at the day ahead in Asian markets.

China gloom vs Wall St vroom
Asia|Business|Economy|Finance|Stock Markets|US

Asian bonds attract massive inflows in August on Fed easing hopes

Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September.

Asian bonds attract massive inflows in August on Fed easing hopes
Business|Economy|News|US

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet

The cracks in the labor market in Las Vegas and across Nevada have typically appeared early and widened fast when the U.S. economy

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet
Economy|Finance|News|Stock Markets|US

Fed hits easing week, China economy weak

A look at the day ahead in U.S. and global markets from Mike Dolan After an extraordinary 30-month monetary squeeze designed to zap a post-pandemic inflation spike, the Federal Reserve is finally set

Fed hits easing week, China economy weak
Business|Economy|Finance|News|US

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?

The Fed is finally about to cut interest rates. What took so long?
Asia|Europe|Finance

Yen's big week begins

A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the yen's low-

Yen's big week begins
Business|Economy|Finance|News|Stock Markets|US

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

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

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,

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows
Business|Economy|Finance|US

Elizabeth Warren calls for emergency-like Fed rate cut ASAP

Elizabeth Warren calls for emergency-like Fed rate cut ASAP

Elizabeth Warren calls for emergency-like Fed rate cut ASAP
Business|Finance|Stock Markets|US

S&P 500 ends little changed as early gains fade before Fed decision

U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors

S&P 500 ends little changed as early gains fade before Fed decision
Economy|Finance|US

Bond investors debate recession risks with Fed easing finally at hand

Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut

Bond investors debate recession risks with Fed easing finally at hand
Business|Economy|News|US

America’s economic engine is still revving, despite fears of a slowdown

America’s economic engine is still revving, despite fears of a slowdown

America’s economic engine is still revving, despite fears of a slowdown
Business|Economy|Finance|News

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?

So we’re expecting a rate cut. When will we start to see a difference in the economy?
Business|Economy|Finance|News|Stock Markets|US

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

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

Oil prices fall as Fed rate cut stirs economic worries, storage report mixed

Oil prices slipped lower on Wednesday as a rate cut announcement from the Federal Reserve raised worries about the health of the U.S. economy, while investors

Oil prices fall as Fed rate cut stirs economic worries, storage report mixed
Business|Finance|Stock Markets|US

Traders brace for least predictable Fed meeting in years

Traders in global financial markets are facing extraordinary uncertainty as they await the U.S.

Traders brace for least predictable Fed meeting in years
Economy|Finance|News

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

UK inflation holds at 2.2% but services prices keep BoE on alert
Business|Economy|News

The Fed’s rate cuts could have unintended consequences for the housing market

The Fed’s rate cuts could have unintended consequences for the housing market

Business|Economy|Finance

How some hedge funds would trade a rate cutting cycle

While many investors hope falling interest rates will usher in a soft economic landing, others forecast a calm before the storm.

How some hedge funds would trade a rate cutting cycle
Business|Economy|Europe|Finance|Stock Markets|US

European shares end lower with Fed's big rate verdict in focus

European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important interest rate decision by the U.S.

European shares end lower with Fed's big rate verdict in focus
Business|Economy|Finance|Stock Markets|US

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

Equities close slightly lower, trade choppy after Fed rate cut
Economy|Europe|Finance|News

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

Euro zone inflation not where ECB wants it to be, Bundesbank chief says
Economy|Finance|News|US

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

The Federal Reserve is finally lowering rates. Here's what consumers should know
Business|Economy|Finance|US

US rate futures imply more easing this year after Fed's 50-basis-point cut

Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by

US rate futures imply more easing this year after Fed's 50-basis-point cut
Business|Economy|Finance|US

How will rate cuts affect home buyers? ‘Million Dollar Listing LA’ star weighs in

In a bold, but not unexpected move, the Federal Reserve announced a half-point rate cut, its first rate reduction cut since Covid. Josh Flagg, star of Bravo's "Million Dollar Listing Los Angeles" joins CNN to discuss the cut's significance for home buyers.

Business|Economy|Finance|News|US

US borrowers get quick relief as Fed cuts rates

U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time

US borrowers get quick relief as Fed cuts rates
Asia|Economy|Finance|News

Fed goes big, markets yo-yo

A look at the day ahead in Asian markets.

Fed goes big, markets yo-yo
Economy|Finance|News

Fed slashes rates by a half-point – what that means for the economy and the presidential election

The relatively large rate cut signals that the Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.

Fed slashes rates by a half-point – what that means for the economy and the presidential election
Business|Economy|Finance|Stock Markets|US

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world

Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Business|Europe|Finance|News|Stock Markets|US|World

European shares advance as global markets cheer Fed's outsized rate cut

European stocks jumped on Thursday after the U.S.

European shares advance as global markets cheer Fed's outsized rate cut
Business|Economy|Finance|News|Stock Markets|US

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns

U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
Business|Economy|News|US

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

Weekly applications for US jobless benefits fall to the lowest level in 4 months
Business|Economy|Finance|US

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

Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut
Asia|Business|Economy|Finance

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

BOJ keeps rates steady, upgrades view on consumption
Business|Economy|Finance|Stock Markets|US

US homebuilder Lennar beats Q3 profit estimates on higher home deliveries

Lennar Corp reported third-quarter profit above Wall Street estimates on Thursday, as a historically low housing supply kept demand strong and declining fixed mortgage rates lured in more

US homebuilder Lennar beats Q3 profit estimates on higher home deliveries
Business|Economy|Finance|News|Stock Markets|US

Global investors brace for turmoil as big Fed cut sows confusion

Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world's dominant economy is

Global investors brace for turmoil as big Fed cut sows confusion
Business|Economy|Finance

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

More UK employers plan reduced pay increases for 2025, IDR survey shows
Australia|Business|Economy|Finance

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,

RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll
Economy|Finance|News|US

Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes

The dollar strengthened against the yen on Friday, hitting its highest level in two weeks, after the Bank of Japan left interest rates

Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes
Economy|Finance|News|Stock Markets|US

Richly valued US stock market may find limited benefit from rate cuts

As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the

Richly valued US stock market may find limited benefit from rate cuts
Business|Economy|Finance|Stock Markets

Toronto market extends record-setting run as gold miners climb

Canada's main stock index on Friday inched past the record high it hit a day earlier, helped by gains for the shares of gold miners and uranium producers

Toronto market extends record-setting run as gold miners climb
Business|Economy|Finance

What lower rates mean for markets

What lower rates mean for markets

What lower rates mean for markets
Economy|Finance|News|US

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-

Fed's Bowman says dissent on large rate cut based on above-target inflation data
Economy|Finance|News|Stock Markets|US

Gold breaks $2,600 barrier as Fed cut bets prolong historic run

Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the

Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Asia|Economy|News

Fed adrenaline keeps pumping, PBOC inertia may drag

A look at the day ahead in Asian markets.

Fed adrenaline keeps pumping, PBOC inertia may drag
Business|Economy|Finance|News|Stock Markets|US

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

Stocks climb, euro falls; Fed officials say large rate cut was warranted
Business|Economy|News|US

America’s home affordability crisis has a solution. Lower rates isn’t it

America’s home affordability crisis has a solution. Lower rates isn’t it

Business|Economy|Finance

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

Economy|Finance|US

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

The Fed sees its inflation fight as a success. Will the public eventually agree?
Asia|Business|Economy|Finance|News

Policy spotlight falls on RBA, BOJ's Ueda

A look at the day ahead in Asian markets.

Policy spotlight falls on RBA, BOJ's Ueda
Asia|Business|Economy|Finance|US

China's yuan surges to 16-month peak on new stimulus measures

China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus

China's yuan surges to 16-month peak on new stimulus measures
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street drifts to more records after Chinese stocks soar

U.S. stocks drifted to more records in a quiet day of trading

Stock market today: Wall Street drifts to more records after Chinese stocks soar
Business|Economy|Finance|News|Opinion|US

Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help

Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help

Americans are drowning in credit card debt. Trump’s proposed cap on interest rates probably won’t help
Business|Economy|Finance|US

Fed's rate cut offers limited relief for US factories facing China competition

Drew Greenblatt loves that the Federal Reserve has cut interest rates.

Fed's rate cut offers limited relief for US factories facing China competition
News|US

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

U.S.

Fed's Bowman: Lingering inflation risks warrant more cautious cuts
Business|Economy|News|US

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

American consumers are feeling less confident as concerns about jobs take center stage
Business|Economy|Finance|US

Dollar rises from 14-month low, yuan dips

The dollar bounced off a 14-month low against the euro on Wednesday in choppy trading, but investors held onto bets that the Federal Reserve will make another

Dollar rises from 14-month low, yuan dips
Asia|Economy|Finance

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

Japan's corporate service inflation steady, BOJ focusing on Oct data
Economy|Finance|News

South Korea fin minister prioritises demand recovery over household debt

South Korea's Finance Minister Choi Sang-mok said on Wednesday that the government's policy priority was more focused on tackling slowing domestic demand than rising household debt

South Korea fin minister prioritises demand recovery over household debt
Business|Economy|Finance

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

Australia inflation slows to 3-year low in August, core also trends lower
Business|Economy|Finance|News|Stock Markets|US

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

Stock market today: Wall Street edges back from its record highs
Business|Economy|Finance|News

Gold’s hitting new records again. Here’s what it means for the economy

Gold’s hitting new records again. Here’s what it means for the economy

Gold’s hitting new records again. Here’s what it means for the economy
Business|Economy|Finance|US

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

Fed's bumper rate cut revives 'reflation specter' in US bond market
Business|Economy|Finance|Stock Markets|US

US confidence wobble weighs, China buoyed

A look at the day ahead in U.S. and global markets from Mike Dolan The unexpected downturn in U.S. household confidence this month and growing anxiety about jobs has spurred aggressive interest rate

US confidence wobble weighs, China buoyed
Business|Economy|Finance|News|US

US new home sales fall less than expected; median house price declines

Sales of new U.S. single-family homes fell less than expected in August and could regain momentum in the months ahead as declining mortgage rates and house

Business|Finance|News|Stock Markets|US

Stock market today: Wall Street ticks to another record as stocks worldwide rally

U.S. stocks rose to another record as financial markets around the world rallied again

Stock market today: Wall Street ticks to another record as stocks worldwide rally
Business|Economy|Finance

Global hunt for neutral interest rate to shape finance costs

With key central banks now aligned in cutting interest rates a real-time experiment is underway in how much the global financial

Global hunt for neutral interest rate to shape finance costs
Economy|News

We may have finally pulled ourselves out of our economic funk

We may have finally pulled ourselves out of our economic funk

Business|Economy|Finance|US

US core capital goods orders rise in August

New orders for key U.S.-manufactured capital goods unexpectedly rose in August, though business spending on equipment appears to have lost momentum in the third quarter.

US core capital goods orders rise in August
Business|Economy|Finance|News|US

Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years

The average rate on a 30-year mortgage in the U.S. slipped this week to its lowest level in two years, boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs

Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years
Business|Economy|Finance

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

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Reuters poll
Economy|Finance|News|US

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

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

Sputtering Canadian economy fuels calls for big rate cut

Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, but an advance estimate indicated that growth likely

Sputtering Canadian economy fuels calls for big rate cut
Economy|Finance|News

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more
Economy|Finance|US

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.

Instant view: August US PCE inflation cools to within reach of Fed target
Business|Economy|Finance|News|Stock Markets

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally
Asia|Business|Economy|Finance

South Korea export momentum cools, led by slower U.S. shipments

The pace of South Korea's export growth slowed in September, with shipments to the United States losing momentum, in an outcome that may support market expectations

South Korea export momentum cools, led by slower U.S. shipments
Asia|Business|Economy|Finance|News|World

BOJ signals rate-hike pause after big Fed cut, market rout

Bank of Japan policymakers discussed the need to go slow in raising interest rates as jittery markets clouded the outlook, a summary of their September meeting showed,

BOJ signals rate-hike pause after big Fed cut, market rout
Economy|Finance|News|Stock Markets|US|World

Safe havens gain as Iran fires missiles at Israel

Safe haven currencies strengthened on Tuesday as Iran launched missiles towards Israel, while the dollar also firmed on data showing a resilient U.S. labor market.

Safe havens gain as Iran fires missiles at Israel
Business|Finance|Stock Markets|US

Stocks kick off Q4 at record, euro inflation undershoots

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P500 kicks off the final quarter of a stellar 2024 from yet another record close notched on Monday - with odd quarter

Stocks kick off Q4 at record, euro inflation undershoots
Uncategorized

Fed liquidity tools see demand ease amid new repo market anxieties

By Michael S.

Fed liquidity tools see demand ease amid new repo market anxieties
Business|Economy|Finance

Futures in Japan face hangover from BOJ's bond-buying binge

Japan's $9 trillion bond market is bracing for disruption as a shortage of paper caused by the central bank's massive buying is expected

Futures in Japan face hangover from BOJ's bond-buying binge
Africa|Economy|Finance|News

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.

Kenya's inflation falls to 3.6% in Sept
Economy|Europe|Finance|Stock Markets

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.

Euro area long-dated yields rise after sharp drop, geopolitics in focus
Business|Economy|Finance|US

Dollar to stay unfazed despite growing uncertainties: Reuters poll

The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve interest rate cuts, according to median forecasts from FX

Dollar to stay unfazed despite growing uncertainties: Reuters poll
Economy|Finance

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

Colombia 12-month inflation seen slowing in September despite truckers' strike: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll

The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Indexes end lower ahead of US jobs data, Middle East still in focus

U.S. stocks finished lower on Thursday ahead of Friday's monthly U.S. payrolls report and as investors kept a watchful eye on the growing conflict in the

Indexes end lower ahead of US jobs data, Middle East still in focus
Asia|Economy|Finance

Thai finance minister talks liquidity, debt woes with central bank chief

Thailand's finance minister said he had met the central bank governor on Thursday and discussed the issue of high household debt

Thai finance minister talks liquidity, debt woes with central bank chief
Business|Economy|News|US

US service sector activity accelerates to 1-1/2-year high; employment declining

U.S. services sector activity jumped to a 1-1/2-year high in September amid strong growth in new orders, more evidence that the economy remained on a solid footing in the third

US service sector activity accelerates to 1-1/2-year high; employment declining
Business|Economy|Finance

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

The 2024 disinflation lesson: ignore oil at your peril: McGeever
Business|Economy|Finance|News|US

Canada's services PMI hits six-month low in September

The downturn in Canada's services economy deepened in September as firms shed jobs and new business dropped to a near four-year low, S&P Global Canada services PMI

Canada's services PMI hits six-month low in September
Asia|Business|Finance|News|Stock Markets

Oil's shadow over world markets darkens

A look at the day ahead in Asian markets. What comes down must go up.

Oil's shadow over world markets darkens
Business|Economy|News|US

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

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

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

Central banks set for 'forceful' hyperactivity?: Mike Dolan
Asia|Business|Economy|Finance|News

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.

Philippine inflation to settle around 3.2% in 2024, finance minister says
Business|Economy|Finance|News|US

Fed seen slowing rate cut pace after strong US jobs data

A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a

Fed seen slowing rate cut pace after strong US jobs data
Business|Economy

What a hot job market means for inflation

What a hot job market means for inflation

What a hot job market means for inflation
Business|Economy|Finance|Stock Markets|US

How a rates rethink after strong US jobs data could shake up markets

The reverberations from a blowout U.S. employment number could threaten an assortment of trades predicated on falling interest rates, if

How a rates rethink after strong US jobs data could shake up markets
Asia|Business|Economy|Finance|Stock Markets

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

BOJ highlights broadening wage, price gains but warns of risks
Business|Economy|Finance

Why a key borrowing rate is above 4% again

Why a key borrowing rate is above 4% again

Why a key borrowing rate is above 4% again
Business|Economy|Europe|Finance

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

ECB's Holzmann: inflation not yet defeated
Business|Economy|Finance|US

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

Federal Reserve Bank of St.

Fed's Musalem argues for more rate cuts, says data to drive easings
Asia|Business|Economy|Finance|News

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

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

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

Bank of Korea to kick off easing cycle with 25 bps cut on October 11: Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

U.S. stocks rebounded after falling oil prices released some of the pressure that built up on the market

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008
Asia|Business|Economy|Finance

Japan trusts BOJ on monetary policy, economy minister says

Japan's new economy minister, Ryosei Akazawa, said on Tuesday the government has trust in the central bank's decision on how soon to raise interest rates again, amid

Japan trusts BOJ on monetary policy, economy minister says
Americas|Economy|News

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,

Brazil consumer prices seen higher in Sept as drought bites: Reuters poll
Economy|Europe|Finance

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,

Euro zone inflation on the decline but job not yet done, ECB's Nagel says
Finance|Stock Markets|US

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.

Fed Vice Chair Jefferson: Sept rate cut was 'timely'
Business|Economy|Europe|Finance

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

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

Column-Dollar won't fall as rest of world won't let it: Mike Dolan

The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S. currency if the rest of the world just won't let it

Column-Dollar won't fall as rest of world won't let it: Mike Dolan
Business|Finance|Stock Markets|US

Equities rise after Fed minutes; inflation data and earnings in focus

Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting

Equities rise after Fed minutes; inflation data and earnings in focus
Economy|Finance|US

US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months

The interest rate for the most popular U.S. home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year after better-than-expected economic data caused

US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months
Business|Economy|Europe

UK property market strengthens, pressure on renters intensifies, RICS says

Britain's housing market recovered further last month, according to property surveyors who said house prices, sales and enquiries rose, but pressure in the rental sector intensified

UK property market strengthens, pressure on renters intensifies, RICS says
Asia|Business|Economy|Finance

BOJ will hike rates if it has more confidence in forecasts, says deputy governor Himino

Bank of Japan Deputy Governor Ryozo Himino said on Thursday the central bank will consider raising interest rates if the board has "greater confidence" that its

BOJ will hike rates if it has more confidence in forecasts, says deputy governor Himino
Economy|Finance|US

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

Instant view: Warm Sept CPI inflation chills outlook for dovish Fed
Business|Economy|Finance

Mortgage rates surged for the second-straight week after hitting two-year lows

Mortgage rates surged for the second-straight week after hitting two-year lows

Mortgage rates surged for the second-straight week after hitting two-year lows
Economy|Finance|US

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
Business|Economy|Finance|US

US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets

Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.

US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets
Business|Economy|Finance|US

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

Traders keep bets on 25 basis point Fed rate cuts in November, December
Economy|Finance|US

Fed dashboard fogged by immigration uncertainty: Mike Dolan

The Federal Reserve's road ahead appeared crystal clear in September, but the picture is far foggier than many thought and the past and future impact of immigration on

Business|Economy|Europe|Finance

Markets turn cautious before uncertain weekend

A look at the day ahead in European and global markets from Tom Westbrook Friday's session brought a cautious mood to the markets, ahead of a smattering of data and an uncomfortable weekend.

Markets turn cautious before uncertain weekend
Economy|Finance|US

US dollar continues uptrend as Fed policy provides lift

The U.S. dollar edged higher against most major currencies on Tuesday, resuming the latest uptrend that took it to more than two-month highs fueled by

US dollar continues uptrend as Fed policy provides lift
Business|Economy|Finance|Stock Markets|US

European and US bonds rapidly diverge as economic wedge widens

A rapid divergence between euro zone and U.S. government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure

European and US bonds rapidly diverge as economic wedge widens
Economy|Europe|Finance

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

French inflation slowed more than expected in September, INSEE says
Business|Finance|Stock Markets

Tech, banks spark new US records as China relapses

A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks

Tech, banks spark new US records as China relapses
Business|Finance|Stock Markets

UBS lifts year-end target for S&P 500 to 5,850 points

UBS Global Research on Tuesday raised its year-end target for the benchmark S&P 500 index to 5,850 points from an earlier projection of 5,600, boosted by corporate profit growth,

UBS lifts year-end target for S&P 500 to 5,850 points
Asia|Business|Economy|Finance|Stock Markets

Triple dose of central banks as tech, oil slump

A look at the day ahead in Asian markets. 

Triple dose of central banks as tech, oil slump
Economy|Europe|Finance

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

Inflation expected to stay above ECB target in medium term, survey finds
Asia|Economy|Finance

Thai central bank delivers first rate cut since 2020, downplays political pressure

Thailand's central bank unexpectedly cut its key interest rate on Wednesday, saying the move brought rates a "neutral" level consistent

Thai central bank delivers first rate cut since 2020, downplays political pressure
Business|Economy|Europe|Finance|Stock Markets|Technology|US

Stocks stunned by ASML curveball, pound plunges

A look at the day ahead in U.S. and global markets from Mike Dolan World markets struggled to find a footing on Wednesday after Europe's ASML sideswiped the global chip sector late yesterday with a

Stocks stunned by ASML curveball, pound plunges
Asia|Economy|Finance

Vietnam central bank says to keep policy supportive, open to rate cuts

Vietnam can still meet its economic growth target this year despite the extensive damage caused by Typhoon Yagi and is open to the possibility of interest rate cuts,

Economy|Finance|US

Strong discretionary spending buoys US retail sales in September

U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view

Strong discretionary spending buoys US retail sales in September
Economy|Europe|Finance

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

ECB cuts rates as expected, says well on track to tame inflation
Business|Economy|Finance

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

Big central banks are firmly in rate-cut mode
Business|Economy|US

US home builder confidence rises for second straight month

U.S. home builder confidence rose in October for the second consecutive month but volatile mortgage rates and low housing affordability continued to pose headwinds.

US home builder confidence rises for second straight month
Economy|Europe|Finance

Asking prices for UK homes barely rise in October, Rightmove says

Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting

Asking prices for UK homes barely rise in October, Rightmove says
Business|Economy|Finance

Australia central bank surprised employment is so strong, but not 'data obsessed'

Australia's central bank has been surprised by the strength of employment growth, a top official said on Monday, adding policymakers remained ready to respond to changes in economic

Australia central bank surprised employment is so strong, but not 'data obsessed'
Economy|Europe|Finance

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

No signs that euro zone inflation will deviate from current projections, ECB's Escriva says
Business|Europe|Finance|Stock Markets

European shares sag, SAP boosts tech stocks after forecast raise

European stocks slipped on Tuesday, as investors navigated geopolitical and global interest-rate cut uncertainties, while German company

European shares sag, SAP boosts tech stocks after forecast raise
Business|Economy|Finance|Stock Markets|World

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

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

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

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

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

US, Europe matching rate paths must diverge: McGeever
Economy|Finance|US

Dollar continues rally, hits 3-month high vs yen

The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S. economic strength and an expected divergence among

Dollar continues rally, hits 3-month high vs yen
Asia|Economy|Election|Finance|Stock Markets|US

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

Stock market today: Wall Street slumps to a rare 3-day losing streak
Africa|Economy|Finance

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

South African inflation drops sharply, paving way for more rate cuts
Asia|Business|Economy|Finance

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

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

South Korea's economy barely grows in Q3 as exports slip

South Korea's economy barely grew in the third quarter as consumer spending showed signs of recovery but exports declined, raising the chances for more stimulus to

South Korea's economy barely grows in Q3 as exports slip
Economy|Finance|US

Euro, yen climb as dollar rally takes a breather

The euro and Japanese yen strengthened on Thursday as the U.S. dollar paused after rallying to a nearly three-month high, with the greenback only briefly

Euro, yen climb as dollar rally takes a breather
Business|Economy|Europe|Stock Markets

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

ECB hawks push back against bets on more and bigger cuts
US

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

By Michael S.

Fed's Hammack: Work to bring inflation to target not complete
Business|Economy|Finance

Here’s why mortgage rates are rising after the Fed’s rate cut

Here’s why mortgage rates are rising after the Fed’s rate cut

Here’s why mortgage rates are rising after the Fed’s rate cut
Economy|Europe|Finance

ECB's Nagel cautions against too hasty action on rates

The European Central Bank should not be too hasty in adjusting policy, Bundesbank President Joachim Nagel said on Saturday after some of his colleagues made the case in recent

ECB's Nagel cautions against too hasty action on rates
Asia|Business|Economy|Finance|World

Japan's political shakeup complicates BOJ, fiscal policy outlook

The loss of Japan's ruling bloc's parliamentary majority has heightened prospects that a new government will need to ramp up spending and of potential

Japan's political shakeup complicates BOJ, fiscal policy outlook
Asia|Business|Finance|Stock Markets|US

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

Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
Asia|Business|Economy|Finance

Hong Kong home prices decline for fifth month in Sept

Hong Kong's home prices dropped for the fifth consecutive month in September, official data showed on Tuesday, in a struggling property market that realtors expect to bottom out

Hong Kong home prices decline for fifth month in Sept
Business|Economy|Finance

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

Bank of Canada says it is starting to see impact of recent rate cuts
Asia|Economy|Finance

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says

Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven, while the current

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says
Economy|Finance|Stock Markets|US

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

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

Column-The peculiar 'no show' from US cash funds: Mike Dolan

A flood of money was expected to cascade from U.S. cash funds to riskier assets as interest rates began to tumble.

Column-The peculiar 'no show' from US cash funds: Mike Dolan
Economy|Finance|US

US pending home sales jump the most in more than four years, NAR says

Contracts to buy U.S. previously owned homes jumped by the most in more than four years in September on a mix of more attractive interest rates and improving inventory of properties for

US pending home sales jump the most in more than four years, NAR says
Asia|Business|Economy|Finance|Stock Markets

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

BOJ keeps policy steady, leaves door open for near-term rate hike
Business|Finance|Stock Markets|US

Megacaps spooked, world bonds on edge

A look at the day ahead in U.S. and global markets from Mike Dolan Cloudy outlooks from U.S. megacaps Microsoft and Meta combined with edgy government bond markets around the world to unsettle

Megacaps spooked, world bonds on edge
Business|Economy|Europe|Finance

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.

ECB's Panetta warns rate policy mustn't push inflation too low
Business|Economy|Finance|US

Canada's economy stalls in August; central bank's Q3 growth forecast in doubt

Canada's economy is likely to miss the Bank of Canada's revised third-quarter forecast after a slew of temporary factors stalled gross domestic

Canada's economy stalls in August; central bank's Q3 growth forecast in doubt
Business|Economy|Europe|Finance

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

Ukraine holds key rate at 13% as inflationary pressure grows
Business|Economy|Finance|US

Dollar rebounds after weak jobs data; traders eye US election

The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth

Dollar rebounds after weak jobs data; traders eye US election
Business|Economy|Finance

UK house prices edge up in October, Nationwide says

British house prices rose by a marginal 0.1% in October, slowing sharply from a 0.6% monthly increase in September but the market remained resilient and was likely to gain momentum

UK house prices edge up in October, Nationwide says
Business|Economy|Finance|US

Fed seen on track for 25-basis-point rate cuts next week and in December 

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their

Fed seen on track for 25-basis-point rate cuts next week and in December 
Business|Economy|US

Weak US Oct payrolls growth skewed by storms, strikes

U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that

Weak US Oct payrolls growth skewed by storms, strikes
Business|Economy|Finance|US

Recent data has kept Fed rate view, soft landing, intact

A data-heavy week has kept the U.S.

Recent data has kept Fed rate view, soft landing, intact
Business|Economy|Finance|US|World

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

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

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

Federal Reserve is set to cut rates again while facing a hazy post-election outlook
Business|Economy|Finance|World

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

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

Canada's services PMI shows return to growth in October

Canada's services economy expanded for the first time in five months in October as the amount of new business increased and confidence in the outlook improved, S&P

Canada's services PMI shows return to growth in October
Asia|Business|Economy|Finance

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

BOJ's Ueda says rate hike timing 'approaching', Nikkei reports
Asia|Business|Economy|Finance|Stock Markets|US

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

Stock market today: S&P 500 and Dow post gains and close out best month of 2024
Business|Economy|Europe|Finance

UK mortgage approvals rise to highest since August 2022

British lenders approved the most mortgages for house purchase since August 2022 last month but consumer credit growth slowed slightly to its weakest in nearly two years, Bank of

UK mortgage approvals rise to highest since August 2022
Business|Economy|Europe|Finance|Political

Inflation rose to 2.3% in Europe. That won't stop the central bank from cutting interest rates

Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth

Asia|Business|Economy|Finance

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

Core inflation in Japan's capital perks up, yen jumps on rate hike bets
Australia|Business|Economy|Finance|Political

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

Australian central bank reform adds new wrinkle to policy outlook
Business|Economy|Europe|Finance

ECB's Villeroy: Should keep door open of larger rate cut in December

The European Central Bank should keep its options open for a bigger rate cut next month and its policy rate could eventually fall to a level that once again

Asia|Economy|Finance|Political|Stock Markets

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

European stocks perk up as markets slow for Thanksgiving
Business|Economy|Finance|Food|MidEast

Turkish cenbank sees high food prices hitting November inflation

The Turkish Central Bank said on Thursday that the impact of food prices on consumer inflation will remain prominent in November, while monthly consumer inflation excluding food

Turkish cenbank sees high food prices hitting November inflation
Asia|Business|Economy|Finance|Stock Markets

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower

World shares are mixed after losses for big technology stocks pulled major indexes lower on Wall Street

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
Business|US|World

US yields post sharp gains as Trump victory triggers caution about deficits

U.S.

US yields post sharp gains as Trump victory triggers caution about deficits
Uncategorized

Markets more confident Fed balance sheet drawdown has room to run

By Michael S.

Markets more confident Fed balance sheet drawdown has room to run
Economy|Finance|US

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

Why Trump’s return could spark another bout of inflation and delay interest rate cuts
Economy|Election|Finance|Stock Markets|US

Trump's election victory puts Fed on path for fewer rate cuts

U.S.

Trump's election victory puts Fed on path for fewer rate cuts
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy

Stock market today: Most of Wall Street rises after the Fed cuts interest rates
Economy|Election|Finance|Stock Markets|US|World

Fed and BOE decide as US House awaited, Germany jarred

A look at the day ahead in U.S. and global markets from Mike Dolan World stocks and bond yields pushed higher after Donald Trump's clear U.S. election win and a collapse of Germany's coalition redrew

Fed and BOE decide as US House awaited, Germany jarred
Business|Economy|Finance|US

US weekly jobless claims rise marginally; unit labor costs stir inflation fears

The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and

US weekly jobless claims rise marginally; unit labor costs stir inflation fears
Business|Economy|Finance|MidEast|US

Most Gulf central banks follow Fed lead and cut key interest rates

Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's decision to reduce

Most Gulf central banks follow Fed lead and cut key interest rates
Australia|Business|Finance|Stock Markets

Australian lender ANZ's annual profit shrinks as late repayments rise

ANZ, Australia's No. 4 lender by mortgages, said annual profit tumbled as fierce competition ate away margins while late loan repayments surged,

Australian lender ANZ's annual profit shrinks as late repayments rise
Asia|Business|Economy|Political

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

South Korea's central bank cuts key interest rate to nurse a slower economy
Business|Election|Finance|US

Global money market funds saw large inflows on election caution

Global money market funds attracted sharp inflows in the week to Nov. 6 as investors sought safety ahead of the U.S. presidential election and the Federal Reserve's policy meeting.

Global money market funds saw large inflows on election caution
Australia|Business|Economy|Health

Australia's hot jobs market keeps rate cuts out of reach

Australia's world-beating labour market is one of the main obstacles stopping the country's central bank from joining global peers in reversing the most aggressive

Australia's hot jobs market keeps rate cuts out of reach
Asia|Business|Economy|Finance

Bank of Korea unexpectedly cuts rates for second straight meeting

South Korea's central bank unexpectedly cut interest rates by 25 basis points to 3.00% on Thursday, delivering its first back-to-back cuts since the global financial crisis of 2008-

Bank of Korea unexpectedly cuts rates for second straight meeting
Asia|Business|Economy|Finance

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

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

RBNZ's unusually long summer break argues for extra insurance on rates

New Zealand's central bank will be under greater pressure to ease policy aggressively this month as its rate meeting calendar leaves an unusually long three-month gap until

RBNZ's unusually long summer break argues for extra insurance on rates
Business|Economy|Finance

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

Dampening corporate mood, rising bankruptcies cloud BOJ's rate hike path
Business|Economy|Finance

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.

Australia Oct business sentiment highest in nearly two years, NAB survey shows
Business|Economy|Europe|Finance|Stock Markets|Technology|US

European shares edge lower as energy gains offset real estate, tech losses

European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising energy shares countered real estate losses,

European shares edge lower as energy gains offset real estate, tech losses
Economy|Finance|US

Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025

U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months

Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
Business|Economy|Finance|US

Fed officials wary of inflation risks as they weigh more rate cuts

After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as

Fed officials wary of inflation risks as they weigh more rate cuts
Business|Economy|Finance|Stock Markets

Banks flood US debt market in biggest single-day raise since 2016, BMO says

Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as

Banks flood US debt market in biggest single-day raise since 2016, BMO says
Business|Economy|Finance

UK house price growth quickens but budget clouds outlook, RICS survey shows

British house prices rose in October at the fastest pace in more than two years, according to a survey that on Thursday that mostly reflected sentiment before finance minister Rachel

UK house price growth quickens but budget clouds outlook, RICS survey shows
Europe|Finance

ECB divided on risk of excessively weak inflation, accounts show

A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of excessively low price

ECB divided on risk of excessively weak inflation, accounts show
Business|Economy|US

US weekly jobless claims fall; unemployment rolls shrink

The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job

US weekly jobless claims fall; unemployment rolls shrink
Business|Economy|Finance

Larry Summers sounds the alarm bell on inflation — before Trump even takes office

Larry Summers sounds the alarm bell on inflation — before Trump even takes office

Larry Summers sounds the alarm bell on inflation — before Trump even takes office
Business|Economy|Finance

UK inflation worries tick up after big-spending budget and Trump win

Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a global trade war triggered by U.S.

UK inflation worries tick up after big-spending budget and Trump win
Economy|Finance|US

Average rate on a 30-year mortgage in the US slips to 6.81%

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks

Average rate on a 30-year mortgage in the US slips to 6.81%
Business|Economy|US

Solid US retail sales in October underscore economy's resilience

U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the

Solid US retail sales in October underscore economy's resilience
Economy|Finance|US

Dollar notches weekly gain as traders reassess rate cut expectations

The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate

Dollar notches weekly gain as traders reassess rate cut expectations
Business|Economy|Finance|Stock Markets|US

Most Gulf markets fall on Fed rate cut concerns

Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts.

Most Gulf markets fall on Fed rate cut concerns
Business|Economy|Europe|Finance|Stock Markets

BOJ open to tightening, mum on timing

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

BOJ open to tightening, mum on timing
Asia|Business|Economy|Finance

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table

Bank of Japan Governor Kazuo Ueda said the economy was progressing towards sustained wages-driven inflation and warned against keeping borrowing costs too low,

BOJ sees progress in wage-driven inflation, keeps Dec rate hike on table
Business|Economy|US

US homebuilder confidence at 7-month high in November, survey says

U.S. homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged to the highest in about two-and-a-half years after a Republican

Economy|Europe|Finance

European shares stall as real estate stocks weigh

European shares kicked off the week on a dour note, weighed down by declines in real estate stocks, while investors studied speeches from European

European shares stall as real estate stocks weigh
Asia|Finance

Seeking global steer, watching Fed pendulum swings

A look at the day ahead in Asian markets. 

Seeking global steer, watching Fed pendulum swings
Economy|Finance

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah

Bank Indonesia will leave interest rates unchanged on Wednesday, aiming to protect the rupiah from further depreciation amid concerns U.S.

Bank Indonesia to keep rates steady on Nov. 20 to stabilise battered rupiah
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street drifts to a mixed finish after an inflation update

U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates

Stock market today: Wall Street drifts to a mixed finish after an inflation update
Economy|Finance

US inflation rose slightly last month after 2 years of steady cooling but remained low

Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021

US inflation rose slightly last month after 2 years of steady cooling but remained low
Economy|Finance

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

Nearly 1 million UK workers are uncounted, think tank says
Asia|Business|Economy

Indonesian bankers say growth, inflows could be hit by Trump's policies

Indonesia's growth and portfolio investment could be hit if planned policies of U.S.

Indonesian bankers say growth, inflows could be hit by Trump's policies
Africa|Economy|Finance

South Africa inflation drops to lowest in over four years

South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday,

South Africa inflation drops to lowest in over four years
US

Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll

The U.S.

Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll
Business|Economy|Finance|Stock Markets

All eyes on CPI

A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S.

All eyes on CPI
Economy|Finance|US

Fed's Bowman calls for cautious approach on interest rates

Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a cautious approach to any further interest rate cuts, noting

Fed's Bowman calls for cautious approach on interest rates
Economy|Europe|Finance

Bank of England's Mann sees inflation pressure keeping rates high

High inflation in Britain has not been vanquished and it is more likely to overshoot than undershoot Bank of England forecasts over the medium term, BoE interest

Bank of England's Mann sees inflation pressure keeping rates high
Business|Economy|Finance|US

Non-recessionary rate-cutting cycle should support credit, Pinebridge says

Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support

Non-recessionary rate-cutting cycle should support credit, Pinebridge says
Economy|Finance

New Zealand Treasury likely to cut economic and fiscal forecasts, official says

New Zealand's Treasury said on Thursday it would likely cut its economic and fiscal forecasts because of a sustained productivity slowdown in the economy.

New Zealand Treasury likely to cut economic and fiscal forecasts, official says
Asia|Economy

Sri Lanka's inflation rate drops to minus 0.7% in October

Sri Lanka's consumer price inflation reached minus 0.7% year-on-year in October after easing to minus 0.2% in September, official data showed on Thursday, as the island

Sri Lanka's inflation rate drops to minus 0.7% in October
Economy|Finance

Economists see Russian inflation exceeding the central bank's 2024 estimate

Leading Russian economists expect inflation in Russia to exceed the central bank's estimate for this year, increasing the likelihood of

Economy|Finance|US

Dollar rises after claims data, bitcoin continues rally

The dollar rose to a 13-month high in choppy trading on Thursday as investors assessed the latest labor market data and comments from Federal Reserve officials

Dollar rises after claims data, bitcoin continues rally
Economy|Finance|US

Oct CPI inflation up modestly, as expected

U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the

Oct CPI inflation up modestly, as expected
Business|Economy|Finance

Japan's inflation holds above BOJ target, fanning Dec rate hike bets

Japan's core inflation in October held above the central bank's 2% target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping

Japan's inflation holds above BOJ target, fanning Dec rate hike bets
Business|Economy|Finance|US

America's $7 trillion cash stash isn't going anywhere: McGeever

A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs).

America's $7 trillion cash stash isn't going anywhere: McGeever
Business|Economy|Finance

British home prices to rise faster than inflation, rents even more: Reuters poll

British home price increases will outpace overall inflation and rental costs will rise even faster although affordability for first time homebuyers will improve,

Americas|Economy|Finance

Mexico's economy up 1.1% in the third quarter

Mexico's economy expanded 1.1% in the third quarter compared to the April-June period, national statistics agency INEGI said on Friday, almost in line with the 1.0% increase expected by

Mexico's economy up 1.1% in the third quarter
Business|Economy|Europe

Euro zone business activity falls sharply in November, survey shows

Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc's dominant services industry contracted and manufacturing sank

Euro zone business activity falls sharply in November, survey shows
Europe|Finance

More ECB cuts are coming but Dec discussion must wait, Nagel says

Friday's unexpectedly weak survey on the health of the German economy merely confirm the country's predicament and discussion on the possible size of the next ECB interest rate

More ECB cuts are coming but Dec discussion must wait, Nagel says
Economy|Finance

Mexico's cooling inflation and economy growth drive expectations of further rate cuts

Mexico's statistics agency INEGI released data on Friday showing that inflation slowed more than expected, while growth exceeded forecasts, opening the

Mexico's cooling inflation and economy growth drive expectations of further rate cuts
Economy|Finance|US

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb

The average rate on a 30-year mortgage in the US slips to 6.78%
Business|Economy|Finance|Stock Markets|US

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Asia|Business|Election|Finance

Stock market today: Wall Street rises following last week's slide

Most U.S. stocks ticked higher to recover some of their sharp slide from last week

Stock market today: Wall Street rises following last week's slide
Economy

Higher energy bills push UK inflation to 6-month high in October

Inflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year

Higher energy bills push UK inflation to 6-month high in October
Economy|Finance|US

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
Economy|Finance|US

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July

Average rate on a 30-year mortgage in the US rises to highest level since July
Economy|Finance|US

US economy holds firm in early Q4; inflation stuck above Fed's target

U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth

US economy holds firm in early Q4; inflation stuck above Fed's target
Economy|Europe|US

ECB's Villeroy: Trump policies impact on euro inflation to be limited

The new Trump administration's economic policies in the U.S. may have a "relatively limited" effect on European inflation but could have a more noticeable impact on long-term

ECB's Villeroy: Trump policies impact on euro inflation to be limited
Economy|Finance

Brazil inflation overshoots forecasts, economists see higher rate hikes

Brazil's consumer prices rose more than expected in the month to mid-November, data from statistics agency IBGE showed on Tuesday, fueling bets that the central bank may

Brazil inflation overshoots forecasts, economists see higher rate hikes
Asia|Australia|Business|Economy|Finance|World

Australia monthly inflation steady in October, core ticks higher

Australia's consumer price inflation rate stayed at a three-year low in October as government rebates drove electricity and rent prices down, though core inflation picked up in a

Australia monthly inflation steady in October, core ticks higher
Business|Economy|Finance|Stock Markets

New Zealand cuts rates by 50 bps, flags further easing

New Zealand's central bank cut rates for a third time in four months on Wednesday and flagged more substantial easing, including a likely half percentage point

New Zealand cuts rates by 50 bps, flags further easing
Africa|Economy|Finance

Mozambique central bank cuts key rate for sixth time in 2024

Mozambique's central bank cut its main interest rate by 75 basis points on Wednesday, the sixth cut in a row, as inflation remains subdued in the southern African country.

Mozambique central bank cuts key rate for sixth time in 2024
Economy|Europe|Finance

ECB will keep cutting rates and focus shifting to growth, VP says

The European Central Bank will keep cutting interest rates as inflation falls and its focus is slowly shifting to growth, which is proving fragile, ECB Vice President Luis de

ECB will keep cutting rates and focus shifting to growth, VP says
Business|Economy|US

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows