Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could ...
Fed Sees Economy Solid, Inflation Easing as December Rate Cut Looms
Markets are still pricing in another cut in interest rates of 25 basis points when the Fed meets in two weeks. Unless things ...
Fed Chair Jerome Powell says central bank ‘can afford to be a little more cautious’ in cutting rates
Ahead of his appearance, investors had been leaning into an expectation for a third straight interest rate cut.
CPI inflation report to hold more sway over Fed expectations than jobs data
This week's data, including Friday's nonfarm payrolls report for November, is unlikely to shift the Federal Reserve's bias toward cutting interest rates on Dec. 18, according to strategists at BMO ...
BusinessWorld14h
Peso extends climb before inflation report
THE PESO extended its climb against the dollar on Wednesday to hit a near five-week high before the release of Philippine November inflation data. The local unit closed at P58.23 per dollar on ...
Chipotle says it's raising prices 2% in response to inflation
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact that ongoing price increases in ...
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Tech stock slide drags Nasdaq down
Dell Technologies and HP Inc. both saw their stocks drop significantly on Wednesday after issuing disappointing quarterly forecasts. This contributed to a broader decline in tech stocks, which pushed ...
Powell remarks watched for sign of pushback or support of Fed rate cut
U.S. Federal Reserve Chair Jerome Powell speaks on Wednesday with key jobs data due Friday, a "quiet" period for Fed ...
RBI's MPC meeting begins today, all eyes on central bank action on rising inflation
Chaired by RBI Governor Shaktikanta Das, the three-day meeting will run from December 4 to December 6, with the Governor ...
ThePrint5h
Gold prices tick higher on benign US employment data
Gold edged higher on Wednesday after data showed U.S. private payrolls rose at a moderate pace last month, while investors digested remarks from Federal ...
Powell: Fed’s independence from politics is vital to its interest rate decisions
Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for ...
Gold consolidates post-Powell remarks, eyes on US jobs data
Gold remains upwardly biased yet remains subdued between $2,600 to $2,650 for the last seven days. It is capped on the upside ...