The annual rate of inflation remained steady at 2.6 per cent in the year to May, the same level noted in April. Figures from the Central Statistics Office (CSO) showed transport saw the highest rate of inflation over the 12-month period, with prices increasing by 6.7 per cent, followed by the restaurant & hotel sector […]
The Federal Reserve held interest rates at a 23-year high Wednesday while scaling back its estimate of rate cuts this year to one from three previously. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50% at the conclusion of its two-day policy meeting. The fed funds rate has been […]
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank’s policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed officials will receive a new round of inflation data that […]
BEIJING (Reuters) -China’s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to prop up feeble domestic demand and an uneven economic recovery. The consumer price index (CPI) rose 0.3% in May from a year earlier, matching a gain in April, data […]
By Sherin Elizabeth Varghese (Reuters) – Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction. Spot gold was up 0.1% at $2,295.29 per ounce, as of 0346 GMT. U.S. gold futures fell […]
(Bloomberg) — The euro fell in early trading as political uncertainty in Europe increased following parliamentary elections at the weekend. The dollar was steady. Most Read from Bloomberg The currency fell as much as 0.3% to its weakest in about a month, under-performing its major peers. US equity futures were little changed in early trading. […]
(Reuters) – U.S. stock index futures were little changed on Friday, as investors awaited a crucial employment report for confirmation that growing slackness in the U.S. labor market meant the Federal Reserve has more room to reduce interest rates. The benchmark S&P 500 and the Nasdaq closed Thursday’s session slightly lower, dragged by falling technology […]
(Bloomberg) — European shares opened just off record highs, as traders waited to see if US jobs data due later Friday would cement bets on Federal Reserve policy easing in the coming months. Most Read from Bloomberg Europe’s Stoxx 600 index inched 0.1% lower, having hit record peaks this week as the European Central Bank […]
Tesla (TSLA) Chief Executive Elon Musk confirmed Tuesday a CNBC report that in December he had Nvidia (NVDA) send AI processors earmarked for the EV giant instead to his social media enterprise X, formerly Twitter, which Musk purchased in October 2022. TSLA stock angled down slightly in trade Tuesday. X Musk wrote on X Tuesday […]
State gas prices stayed flat last week at an average of $3.52 per gallon of regular fuel on Monday, same as last week’s price of $3.52 per gallon, according to the U.S. Energy Information Administration. The average fuel price in state has fallen about 8 cents since last month. According to the EIA, gas prices […]
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan must steadily raise interest rates to guard against the risk of inflation accelerating well above its 2% target, said Takeo Hoshi, an academic with knowledge of the country’s monetary policy. Japan’s wage-inflation dynamics are changing in ways unseen in the past with […]
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