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…
Pound, euro, and gold surge as US dollar weakens on Fed rate cut expectations
Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday.…
Fed Chair Jerome Powell backs interest rate cut before inflation drops to 2%
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. On Monday at the Economic…
US Inflation Data to Bolster Case for Fed Interest-Rate Cut in September
Breadcrumb Trail LinksPMN BusinessForecasters expect a monthly report on US consumer prices to show the smallest back-to-back increases in underlying inflation since last summer, adding…
Jerome Powell suggests to Congress that Fed will hold on interest rates for now
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. He told the committee on…
Fed rate decision: Implications on the European stock markets
European stock markets recoup most of their losses from earlier in the week following the release of US CPI data. Regional markets poised to open…
Fed Signals One Rate Cut This Year, But Keeps Door Open to Two
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials dialed back their expectations for interest-rate cuts this year, though Chair Jerome Powell kept the door open for more…
Fed holds US interest rate steady in June warning of just one possible cut this year
The policymakers' forecast for one rate cut was down from a previous forecast of three, because inflation, having cooled in the past two months, remains…
Fed Officials Dial Back Rate Forecasts, Signal Just One ’24 Cut
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep…
Fed Dot Plot Is Set to Offer Glimpse of Rate-Cut Resolve
Breadcrumb Trail LinksPMN BusinessInvestors may glean more on the Federal Reserve’s resolve to ease monetary policy when US policymakers update their forecasts for interest rates…
My boyfriend kept saying I wasn’t as attractive as other women – I was fed up & got revenge, now his family’s not happy
AN angry woman stood up for herself after her boyfriend insulted her appearance. She got her revenge after he repeatedly put her down during their…
Inflation improves a bit in April, but housing costs remain obstacle
WASHINGTON — Government data released Wednesday show that inflation eased a bit in April, but remains at a relatively high level. The latest report isn’t likely…