US Federal Reserve chairman Jerome Powell said the wholesale inflation data in the US was ‘quite mixed’ – Samuel Corum/Bloomberg US wholesale prices accelerated last month, according to fresh US government data, rising by more than expected and raising concerns about interest rate cuts. The rise provides yet more evidence that the US Federal Reserve’s […]
WASHINGTON (AP) — 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. Yet Powell, during a panel discussion in Amsterdam, said his confidence that inflation […]
On Wednesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: April’s Consumer Price Index (CPI). The inflation report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 3.4%, a slight deceleration from March’s 3.5% annual gain in […]
AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more “mixed” than “hot” given that prior data was revised lower even as the figures for April came in higher than expected. “I wouldn’t call it hot, I’d call it mixed,” Powell said at an event […]
By Sarupya Ganguly BENGALURU (Reuters) – Bond strategists upgraded their U.S. Treasury yield forecasts for coming months to their highest since at least November amid sticky inflation and greater conviction in financial markets of fewer Federal Reserve rate cuts this year, a Reuters poll found. After hitting a cycle peak of 5.02% in October 2023, […]
Traders work on the floor of the New York Stock Exchange August 13, 2015.REUTERS/Brendan McDermid The S&P 500 could fall around 500 points in a swift correction, Stifel strategists warned. The investment firm said falling inflation was a “pipe dream,” and Fed rate cuts could be delayed. Markets see just one or two rate cuts […]
Chinese policymakers have repeatedly tried to get consumers to open their wallets but the results have so far been mixed (STR) China’s inflation rate quickened last month, official data showed Saturday, as the government works to boost spending in the world’s second-largest economy. The consumer price index (CPI) rose by 0.3 percent year-on-year in April, […]
Pope Francis continued his campaign on Friday to urge Italians to have children, calling for long-term policies to help families and warning that the country’s demographic crisis was threatening the future. “The number of births is the first indicator of the hope of a people,” Francis told an annual gathering of pro-family groups. “Without children […]
(Bloomberg) — European stock futures and Asian shares gained after the latest jobs data supported the case for US interest-rate cuts. Most Read from Bloomberg The Euro Stoxx 50 contract climbed 0.2%, while US counterparts posted modest gains after the S&P 500 index closed less than 1% away from its all-time high on Thursday. Hong […]
As Californians gear up to turn on their air conditioning this summer, the state’s utility regulator approved a hotly contested change to residential electricity rates. In a unanimous vote Thursday, the agency authorized a flat fee of up to $24.15 and cuts to electricity costs by 5-7 cents per kilowatt-hour. The change stands to impact […]
The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession. “We need to see more evidence that inflation will stay low before we can cut interest rates,” BoE governor […]
The pound was lower on Thursday as the Bank of England kept interest rates on hold at 5.25%. Above, governor Andrew Bailey. (Kim Chen) The pound (GBPUSD=X) fell against the dollar on Thursday as the Bank of England (BoE) announced that it was keeping UK interest rates on hold at 5.25%. It was down 0.3% […]