ECB Is Poised to Cut Rates Again in Warm-Up Act for the Fed
Breadcrumb Trail LinksPMN BusinessThe European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as…
U.S. releases jobs report for August, key data for Fed and candidates
WASHINGTON — Job growth picked up in August from the sluggish pace of hiring the previous month, providing a bit of relief after sharp declines earlier…
When Meghan Markle had enough, we got Megxit – now it’s Prince Harry’s turn to look fed up, her response is telling
AS Prince Harry approaches his milestone 40th birthday, he appears to be grappling with a profound internal conflict.His decision to back his wife through ‘Megxit’…
US Jobs Data Will Help Fed Gauge Extent of Moderation: Eco Week
Breadcrumb Trail LinksPMN BusinessUpcoming readouts on the US labor market, including the monthly payrolls report, will give Federal Reserve policymakers insight into the need for…
Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…
Powell’s Fed Rate Cues, Reliance AGM To Bolster Indian Stocks
Breadcrumb Trail LinksPMN BusinessBefore the trading day starts we bring you a digest of the key news and events that are likely to move markets.…
Major Central Banks Now Aligned as Powell Signals Fed Cuts Ahead
Breadcrumb Trail LinksPMN BusinessOfficials from three of the world’s major central banks on Friday signaled they are firmly on course to lower — or continue…
Fed Chair Jerome Powell indicates interest rate cuts are coming amid lowered inflation
Federal Reserve Chairman Jerome Powell Friday indicated interest rate cuts are coming amid positive economic data on inflation dropping to an annual rate of 2.5%.…
Fed leader tees up interest rate cuts in search of soft landing
After a near-textbook campaign to rein in inflation by raising interest rates, the head of the Federal Reserve, Jerome H. Powell, all but promised Friday…
Q&A: Ex-St. Louis Fed Chief Bullard On Rate Cuts, Global Economic Tensions
James Bullard, the former president of the Federal Reserve Bank of St. Louis from 2008-2023 and a former member of the Federal Open Market Committee,…
Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Associated PressChristopher RugaberPublished Aug 20, 2024 • 4 minute read You can save this article by registering for…
Currency war ahead? Euro gains as US CPI boosts Fed rate cut expectations
The euro surged to its highest level since January following cooler-than-expected inflation data from both the UK and the US. European stock markets are set…
US Inflation Data to Show Another Modest Increase, Cementing Fed Cut
Breadcrumb Trail LinksPMN BusinessForecasters expect a monthly report on US consumer prices to show another modest increase last month, reinforcing widespread expectations for a Federal…
Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
Breadcrumb Trail LinksPMN BusinessUS inflation probably picked up modestly in July, but not enough to derail the Federal Reserve from a widely anticipated interest-rate cut…
Bond Traders Bet Big on the Fed Launching Into Rescue Mode
Breadcrumb Trail LinksPMN BusinessBond traders are piling into bets that the US economy is on the verge of slowing so quickly that the Federal Reserve…
‘Nigerians are tired’: Protesters fed up with bad governance, soaring costs | Protests News
Lagos, Nigeria – Armed with a protest sign, 20-year-old Samuel Adeleke joined a crowd of angry Nigerians gathered in Ikeja, the heart of Nigeria’s commercial…
Fed leaves interest rates unchanged as inflation substantially eases
Fed Chair Jerome Powell said Wednesday the Fed decided to leave interest rates unchanged. He said during a press conference that Inflation has eased substantially…
Fed Is About to Nod at a Rate Cut as Job Growth Moderates
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials are on the verge of lowering borrowing costs within months, a move Chair Jerome Powell may signal in the…
PCE, key fed inflation gauge, rose 2.8% in June on par with expectations
The personal consumption expenditures price index rose on par with analysts' expectations, presenting signs of slowing inflation in the gauge favored by the Federal Reserve.…
Downshifting US Inflation Will Help Reassure the Fed
Breadcrumb Trail LinksPMN BusinessThe runway toward a Federal Reserve interest-rate cut will come more into focus in the coming week amid fresh signs inflation is…