A record downward revision to annual US job growth, paired with no surprises in the latest inflation data, sealed the deal for the Federal Reserve to cut interest rates next week. Economics
Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank had raised its key rate as high as 21% to combat inflation, but has begun to retreat […] Culture
Asian stocks rallied, with MSCI’s regional gauge nearing a record high, after US inflation and jobless claims data cemented expectations the Federal Reserve will cut interest rates next week. Economics
Equities climbed on Thursday, touching new intraday records as investors expect an in-line inflation report to trigger a Federal Reserve interest rate cut next week. Economics
Gold advanced as a surprise pullback in US inflation underpinned bets that the Federal Reserve will lower interest rates at its meeting next week. Sport
US equities eked out small gains at Tuesday’s open ahead of a closely watched revision to labor market and inflation data, which investors believe will set the tone for the pace of Federal Reserve rate cuts. Economics
US equities pared gains on Monday as a rally in tech shares couldn’t offset declines in other industries, even as traders continue to bet that a Federal Reserve interest rate cut will fuel further stock market gains. Economics
Chile’s consumer prices were flat last month according to a report published Monday, surprising economists to the downside and keeping an interest rate cut on the table at tomorrow’s central bank decision. Economics
Now that a September rate cut is all but sealed, options pros are expecting smooth sailing in the stock market through Thursday’s consumer price index reading. But that could turn out to be a dangerous bet if it shows inflation starting to run hot. Economics
Poland’s central bank may discuss cutting interest rates again next month if the country manages to extend a price cap on electricity prices, according to Monetary Policy Council member Ludwik Kotecki. Economics
The dollar extended its longest losing streak since April 2023 after a report on the US labor market showed surprising weakness, prompting traders to lock in an interest-rate cut by the Federal Reserve this month. Other
The S&P 500 Index pulled back from an intraday record as declines for Nvidia Corp. and Advanced Micro Devices Inc. offset a rally for Broadcom Inc. that had earlier led tech and chip stocks higher. Economics
Poland’s government is optimistic about quickly passing legislation to extend a cap on power prices, a move that the central bank governor said would boost the chances for another interest rate cut. Economics
US stocks advanced on Wednesday, snapping a two-day losing streak as tech megacaps recovered thanks to a court victory for Alphabet Inc. and Apple Inc. Equities also gained as a drop in US job openings supported expectations for an interest-rate cut, pushing Treasury yields down. Economics
GDP data shows economy reversed course in the second quarter Economics
Poland’s central bank is set to cut interest rates by a quarter point next week before a likely pause in its monetary easing, according to Monetary Policy Council member Henryk Wnorowski. Other
Norway’s economy surprised with faster-than-expected growth for a second quarter in a row, adding pressure on the nation’s central bank to reconsider its plans for more easing. Other
LONDON (AP) — Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year. The Office for National Statistics said consumer price inflation was 3.8% in the year to July, up from 3.6% […] Economics
Watch: Economists say there are signs that core inflation is losing upward momentum Economics
