Wall Street is betting that Federal Reserve Chair Jerome Powell will confirm that interest-rate cuts are coming at the central bank’s annual confab in Jackson Hole, Wyoming. But as the debate shifts...
U.S. consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the Federal Reserve will cut interest rates next...
16/08/2024
Forecasters expect a monthly report on US consumer prices to show another modest increase last month, reinforcing widespread expectations for a Federal Reserve interest-rate cut in September.The...
14/08/2024
Within the moneyed circles of the Middle East, there’s increasing talk of a shifting power dynamic in the upper echelons of high finance.Gone are the days of private equity bigwigs and hedge fund...
13/08/2024
US inflation probably picked up modestly in July, but not enough to derail the Federal Reserve from a widely anticipated interest-rate cut next month.The consumer price index on Wednesday is expected...
12/08/2024
The Federal Reserve’s ability to avert a downturn rests in part on just how long a post-pandemic irregularity can continue: labor hoarding.Even with interest rates at the highest level in more than...
09/08/2024
China’s export engine, vital for keeping the country’s growth target of around 5% within reach, is now threatened by signs of sagging US demand, just as Beijing is also struggling to jolt its own...
08/08/2024
The US trade deficit narrowed in June for the first time in three months as the value of exports of goods and services increased by the most since earlier this year.The gap in goods and services...
07/08/2024
The numbers flashing on trading screens on Monday were shocking even to market veterans.In Tokyo, the Nikkei was down 12%. In Seoul, the Kospi sank 9%. And when the opening bell rang in New York, the...
06/08/2024
Japanese stocks plunged on Monday, pitching the country’s major indices into their third straight session of big declines as global markets shudder at the prospect of a US recession.In a rout that...
05/08/2024