Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of …
Federal Reserve
Federal Reserve: Fed’s dovish signals could drive further gains, but caution remains: Arvind Sanger
“So, the US data, there is one other piece of data, the CPI data that is coming out in the coming week that could be impactful. But barring any big …
US economy grew slightly in recent weeks, Fed survey says
U.S. economic activity has expanded slightly in most regions since early October, with employment growth “subdued” and inflation rising at a modest pace and businesses expressing optimism about the future, …
Hands Off The Fed, Elizabeth Warren Tells Trump Pick
The soon-to-be top Democrat on the Senate Banking Committee cautioned Scott Bessent, Donald Trump’s pick to be the next treasury secretary, to respect the Federal Reserve’s policy independence. “I have …
Fed survey finds inflation fading as a risk next to debt, trade wars
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun …
US stocks sink on Powell rate-cut caution, Trump cabinet picks
Wall Street’s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as …
Global stocks drop as Fed signals slower pace of rate cuts
A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in 5-1/2 months on Friday …
Federal Reserve: US Fed cuts key rate by a quarter point
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s …
Fed cuts rates, notes labor market easing and solid economic growth
WASHINGTON: The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation …
Central banks revisit their rate-cut plans
Central bankers the world over are gauging whether their worst fears over Donald Trump will come to pass following his resounding return to the US presidency. Trump has promised levies …