Today: October 13, 2026
Today: October 13, 2026

inflation

Economy|Finance

Global bond sell-off deepens, sending borrowing costs higher around the world

Global bond sell-off deepens, sending borrowing costs higher around the world

Business|Economy|Finance|Stock Markets

A shaky day for oil prices and the bond market leaves US stocks not far from where they started

Stocks ended a shaky day of trading on Wall Street roughly where they began following a couple sudden reversals

Business|Economy|Finance|Stock Markets|US

US current account deficit widens sharply in second quarter

The US current account deficit widened sharply in the second quarter amid a surge in imports of goods, government data showed on Thursday.

Business|Economy|Finance

Fed's Hammack warns inflation pressures remain tilted to upside

By Michael S.

Arts|Economy

Fed officials see rates likely rising to curb high inflation

The U.S. central bank will likely need to raise interest rates again to curb unacceptably high inflation, two Federal Reserve policymakers said on Thursday.

Business|Economy|Europe|Finance

BoE's Breeden: 'Increasingly appropriate' for rates to respond to rising inflation

Bank of England Deputy Governor Sarah Breeden said on Thursday that it would be "increasingly appropriate" to respond to growing inflation risks by raising interest rates.

Business|Economy|Finance|Stock Markets|US|World

Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations

The dollar hit a fresh two-month high on Thursday as Treasury yields rose and expectations of further Federal Reserve interest rate hikes

Finance

Oil jump sends 30-year yields to two-decade high

Bond markets came under renewed pressure on Thursday with US 30-year bond yields hitting a more than 20-year high as rising oil prices reignited

Economy|Finance

Bank of England rate setters warn of 'sparks in the tinderbox'

Two senior Bank of England interest rate-setters suggested on Thursday that they were getting closer to voting for an increase in borrowing

Arts|Economy|Finance|MidEast|Stock Markets|US

Global bond selloff rolls on, US 30-year yield at highest since 2004

US long-dated Treasury yields rose to their highest in more than 20 years on Thursday, extending a

Business|Economy|Finance

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Arts|Business|Economy|Finance|Stock Markets|World

How the world's biggest bond managers are investing in a tumultuous market

A tumultuous ride for bonds this year has left Vanguard's senior bond fund manager Arvind Narayan with one unequivocal message: "This is

Arts|Business|Economy|Education|Finance|Science|Technology|World

Fed again hoping for a pain-free landing from current inflation spike

US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so

Business|Economy|Finance|Stock Markets|World

Bonds bomb

Just as some investors were wondering whether it was time to return to battered bond markets, Wednesday's fresh rout offered a clear answer: not yet.

Arts|Economy

Poverty rate tests Argentina's Milei ahead of election

Overflowing soup kitchens, a resurgence of cash-free barter clubs and families taking out short-term loans for groceries are highlighting growing social strains in

Business|Economy|Europe

German institutes lift growth forecasts, business morale rises

Germany's leading economic institutes raised their growth forecasts for this year and next, while business morale rose more than expected in September,

Business|Economy|Europe|Finance

BoE's Lombardelli sees rates rising if energy prices stay high

Bank of England Deputy Governor Clare Lombardelli said on Thursday that interest rates will likely have to rise if energy prices stay elevated, unless there is clear evidence of a

Business|Finance

Fed's Williams says it is reasonable to see another US rate hike this year

New York Federal Reserve President John Williams said on Thursday it was reasonable to think that the U.S. central bank might need to raise interest rates

Business|Economy|Finance|World

BOJ could raise rates every quarter, ex-policymaker says

The Bank of Japan is expected to raise interest rates roughly once every three months and push them up to 2% by around June next year to

Business|Finance

Bond market selloff rumbles on ahead of Trump and XI talks

World financial markets remained on edge on Thursday after concerns about the Iran war and inflation pain had triggered the sharpest

Australia|Business|Economy

Australia housing runs out of rescuers as RBA is set to hike rates

For decades, whenever house prices in Australia fell, the central bank rode to the rescue with rate cuts to shore up economic demand and keep households

Arts|Business|Economy|Environment|Finance|Stock Markets

Australian shares trim declines after jobless rate tops forecasts

Australian shares pared early losses on Thursday after data showed the unemployment rate rose more than expected, though investors continued to price in the risk of a hawkish move

Business|Economy

Australia's jobless rate hits five-year high, RBA hike still seen

Australia's jobless rate unexpectedly rose to a five-year high in August even as employment enjoyed a solid rebound, a mixed report that left

Business|Finance|World

Trading Day: US yields cross 5% threshold​

US bond yields soared on Wednesday, in many cases to the highest since 2007, and expectations of an interest rate hike next month surged, after

Economy|Europe|Interview

ECB not seeing any big wage response to surging inflation

The European Central Bank is not seeing significant wage pressures in response to this year's energy-driven inflation surge, the bank's chief economist said on

Business|Economy|Finance|World

10-year Treasury yield hits 5.1% for first time in 19 years

10-year Treasury yield hits 5.1% for first time in 19 years

Business|Economy|Food

Aldi cuts U.S. grocery prices for fall season amid inflation, competition pressure

Private discount grocer Aldi said on Wednesday it would lower prices on a range of grocery items in the U.S. this fall, a move the company estimates will save shoppers about $86

Business|Economy

US business activity at more than five-year high; inflation pressures building

US business activity raced to a more than five-year high in September, fueled by a surge in new orders, though strong demand strained supply chains and pushed prices

Arts|Economy|Finance|World

US 30-year mortgage rate tops 7%, hits 2-year high

The rate on the most popular US home loan rose last week to its highest in more than two years and pierced the 7% level for the first time since the first week of

Arts|Finance

There's a reason Trump is the only one talking about 1% interest rates

As a lifelong real estate investor whose businesses relied on debt and interest rates, President Donald Trump might be expected to

Uncategorized

Brazil central banker says predictable rate moves best response to uncertainty

Brazil's central bank monetary policy director Nilton David said on Wednesday that the best response to the current uncertainty was to pursue smooth and predictable

Business|Economy|Stock Markets

Speechifying

It was all about oil again over the past 24 hours, with prices swooning as the speechifying and backroom meetings at the United Nations' annual gathering unfolded.

Economy

German state election losses risk snarling Merz's reform agenda

Chancellor Friedrich Merz may have survived the triumph of the far right in this month's state elections in eastern Germany and Berlin but the shock to

Business|Economy|Finance|Stock Markets

General Mills beats quarterly results estimates on resilient demand for pantry staples

General Mills beat first-quarter sales and profit estimates on Wednesday and reaffirmed its annual forecast, as price increases and resilient demand for at-

Business|Economy|Finance|Stock Markets

BofA forecasts two BoE rate hikes as energy prices stoke inflation concerns

Bank of America Global Research became the latest brokerage to expect the Bank of England to raise interest rates twice over the next six months, as higher energy prices raise the

Arts|Economy|Environment|Technology

Corporate finance chiefs lift inflation outlook, cite rates as concern - Fed survey

Company chief financial officers expect higher inflation this year and next, and have begun to cite rising interest rates as a top concern,

Political|World

Pakistan tightens security ahead of march planned by Imran Khan's party

Pakistan curbed access on Wednesday to its capital, Islamabad, ahead of a march planned by supporters of jailed former Prime Minister Imran Khan,

Business|Economy|Europe

Europe's economy surprisingly resilient amid war-driven energy shock, surveys show

Europe's economy is showing unexpected signs of health even as conflicts in the Middle East and Ukraine drive up energy costs for firms and households,

Economy|Finance|Technology|World

OECD expects AI boom to help offset Middle East energy shock for now

AI-led investment is helping the global economy hold up marginally better than expected this year, but the energy shock is becoming more entrenched, weighing

Business|Economy

India business activity rebounds in September to 3-month high, PMI shows

India's business growth accelerated in September on stronger demand in both manufacturing and services, a preliminary survey showed, though weaker export momentum and

Business|Economy|Finance|World

Sri Lanka economy resilient but risks remain tilted to downside, IMF says

The International Monetary Fund said on Wednesday that Sri Lanka's economy continues to show resilience amid successive shocks but is still facing risks tilted to the downside, as

Business|Economy|Environment|World

US diesel exports ban would hurt global fuel markets, analysts say

A US diesel export ban could become a self-defeating exercise that would do little to ease high US fuel

Business|Economy|Finance|World

UK employers' pay awards cool to 3%, Brightmine data shows

Pay settlements by British employers have cooled, adding to signs of a softer labour market as businesses said they faced higher employment costs and tighter budgets, a survey

Economy|Health|Political

Trump administration to remove 760,000 Affordable Care Act enrollees over fraud claims

Vice President JD Vance and White House officials are announcing plans to remove 760,000 Affordable Care Act enrollees from public healthcare exchanges

Business|Economy|Finance|Science|Technology

Fed's Barkin says economy may be firming, inflation not limited to energy, tariff shocks

US economic conditions "are, if anything, firming," with continued consumer spending and strength beyond the boom in artificial intelligence keeping

Economy|Finance

Fed's Collins says she supported rate hike, warns of elevated inflation risks

By Michael S.

Business|Economy|Finance

Australia's central bank says inflation risks may be materialising

Australia's top central banker said on Tuesday that upside risks to inflation may be materialising given energy prices have stayed high and there continued to be excess

Economy|Europe|Finance

ECB's Lane sees inflation returning to target from mid-2027-paper

An energy shock pushing up oil and gas prices is likely to last longer than the European Central Bank had anticipated in March, with geopolitical risks now looking elevated

Arts|Business|Economy|Europe|Fashion and Beauty|MidEast

The show must go on: struggling luxury brands seek catwalk boost in Milan and Paris

Glitzy runway shows by the world’s biggest fashion brands in Milan and Paris mask a worrying picture for luxury executives behind the

Asia|Business|Economy|Fashion and Beauty|Finance|Stock Markets|World

How a Bangladeshi garment-maker is fighting the Middle East energy crunch 

A gas and power crisis has hit production at most Bangladeshi garment makers, but at 4A Yarn Dyeing, a supplier to Walmart, Gap and

Economy|Finance

New Zealand central bank chief sees risks to economy, inflation

New Zealand's top central banker said on Tuesday if recent gains in oil prices persist it would lead to "somewhat" higher inflation than previously forecast, adding that

Asia|Business|Economy|Finance|World

Bank of Korea to assess inflation, growth for rate hikes, board member says

A board member of the Bank of Korea said on Tuesday the central bank will determine the timing and pace of further interest rate hikes by closely assessing inflation,

Business|Economy|Finance

Trading Day: AI euphoria back with a bang

Stocks roared higher on Monday, with the Nasdaq coming within 0.02% of June's record high, as the bullish AI narrative burst back into life,

Uncategorized

Trump approval falls to record low of 32% as high costs bite, Reuters/Ipsos poll finds

President Donald Trump's approval rating fell to 32% - the lowest of his political career - as his fellow Republicans soured on his handling of the cost

Business|Economy|Political

Federal Reserve official says inflation persistence led her to support interest rate hike

A top Federal Reserve official says that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year

Business|Economy|Finance|World

Wall Street rallies within 0.4% of its record after oil prices and bond yields ease

Wall Street climbed to the edge of its all-time high, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week

Uncategorized

Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat

The Nasdaq surged to a record-high close on Monday, lifted by gains in Advanced Micro Devices and other AI heavyweights, while Treasury

Interview

Fed's Musalem says more rate hikes likely needed to quell inflation

The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand as well as a commodity price

Arts

Goolsbee rejects idea of Fed cutting rates to help US finance its debt

Suggestions that the Federal Reserve could lower borrowing costs to help the US government finance its current debt and deficits are the very reason

Business|Economy|Finance|Political

Fed's Goolsbee says strong demand may be adding to US inflation

US inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and is now being driven by strong demand as well,

Business|Economy|Finance

Brazil economists cut end-2026 interest rate forecast to 13.50%

Private-sector economists polled weekly by Brazil's central bank lowered their estimate for the country's benchmark interest rate at the end of 2026, now expecting one

Arts|Economy|Entertainment|Europe|Interview|MidEast|Opinion|Science|Technology

Fed's Kashkari says inflation is still too high in 'all aspects' of US economy, in Fox News interview

Minneapolis Federal Reserve President Neel Kashkari said on Sunday that inflation is too high across all sectors of the US economy, not just in rising oil prices.

Business|Economy|Finance|Technology

Federal Reserve rate hike reflects new world of sticky inflation and faster growth

President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say

Arts|Business|Economy|Election|Entertainment|Finance

Rising gas prices frustrate voters. Trump says it's an 'inexpensive price to pay' for the Iran war

Voters across the nation say skyrocketing gas prices are causing financial hardships for their families

Arts|Finance|Food|World

In Chile, even beloved hot dogs feel the economic squeeze

Chileans are feeling the pinch as the cost of living rises, impacting even affordable foods like the completo, the country's version of the hot dog

Economy|Health|World

Trump’s sanctions, inflation and a collapsing economy leaves Iran’s sick exposed

Trump’s sanctions, inflation and a collapsing economy leaves Iran’s sick exposed

Economy|Political|World

Bolivia approves $1.9 billion IMF deal, eliminates diesel subsidies

Bolivia’s conservative government has won congressional backing for an international loan and moved to end diesel subsidies, risking political backlash

Asia|Business|Economy|Finance|Stock Markets

Wall Street drifts lower as bond yields rise and oil prices swing

Wall Street closed out an up-and-down week with a mixed finish for U.S. indexes as bond yields rose and oil prices swung

Business|Economy|Finance

S&P 500, Nasdaq advance, turning the page on a tumultuous week

Wall Street closed a volatile week on a muted note on Friday as benchmark US Treasury yields topped 5%, while crude prices reversed

Business|Economy|Finance|World

Global shares edge higher as central banks double down on inflation fight

An index of global equity markets edged higher on Friday, as losses in Europe were partly offset by late gains on Wall Street,

Asia|Business|Europe|Finance

Dollar advances vs yen as BOJ dissent clouds rate-hike outlook

The dollar jumped against the yen on Friday after two policymakers at the Bank of Japan dissented from a widely expected decision

Arts|Business|Economy|Interview|Lifestyle|Opinion

Tell us: Have you changed jobs recently? Did you have to take a pay cut?

Tell us: Have you changed jobs recently? Did you have to take a pay cut?

Arts|Economy|Europe|Finance|MidEast

Global rate-hike cycle in view as central banks take on inflation

The prospect of a new global interest rate-tightening cycle is coming into view as some of the world's top central banks raise rates and signal more

Economy|Europe|Political

Italy's debt burden rising at alarming rate, economy minister says

The cost of servicing Italy's public debt is rising at "an alarming rate" in the wake of geopolitical tensions, Economy Minister Giancarlo Giorgetti said on

Arts|Economy|Environment

Record US diesel prices squeeze farmers; food prices may rise

In northeast Missouri, Addie Yoder, a corn, soybean and cattle farmer, runs two combines, three semi-trucks and

Business|Economy|Finance|Stock Markets|US

Investors buy US stocks at fastest pace in three months, BofA says

Investors poured money into US stocks at the fastest pace in three months and yanked cash from corporate bonds in the latest week, according to a Bank of America Global

Business|Economy|Science|Technology

Apocalypse later

Warnings of machine-driven human extinction kicked off the week, but the market's attention quickly turned to more prosaic matters, namely Middle East energy

Business|Economy|Finance|World

China set to keep loan rates steady for 16th consecutive month in September

China is widely expected to leave benchmark lending rates steady for a 16th consecutive month in September, a Reuters survey showed, as policymakers remain cautious about

Business|Economy|Finance|World

BOJ Governor Ueda's comments at news conference

The Bank of Japan raised interest rates to a 31-year high on Friday and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting

Business|Economy|Finance|World

Barclays, UBS back BoE hikes as inflation risks mount

Barclays and UBS Global Research expect the Bank of England to hike interest rates as soon as November, saying rising inflation risks point to a quicker resumption of

Business|Economy|Finance|World

Rising oil, rates and yields brew up stagflation cocktail for markets

The surge in energy and global borrowing costs as a result of

Business|Economy|Finance

BOJ struggling to keep pace with hiking partners

A look at the day ahead in European and global markets from Tom Westbrook The Bank of Japan raised interest rates, as expected, though it knocked the yen by sounding a fraction less hawkish than its

Economy|Europe|Finance|Interview|MidEast|Stock Markets|US

ECB's Vujcic cools oil-fuelled bets on rate hikes

Market bets on further European Central Bank rate hikes are being driven largely by higher energy prices but policymakers will look at a much wider

Arts|Business|Economy|Finance|MidEast|World

Moody's raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience

Credit ratings agency Moody's on Friday raised India's real GDP growth forecast to 7% from 6% for the current fiscal, citing its resilience amid the Middle East conflict.

Arts

Japan's central bank raises benchmark interest rate to 1.25%

Japan’s central bank has raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high

Business|Economy|Finance

Australia's central bank chief warns inflation risks materialising

Australia's top central banker said on Friday some of the upside risks to inflation flagged by policymakers appeared to be

Business|Economy|Finance|Stock Markets

Trading Day: Lower oil, yields boost stocks  

World stocks paused their recent slide and rebounded strongly on Thursday, and the global bond rout also took a breather, as investors digested

Arts|Business|Economy|Finance|Stock Markets|US

US stocks rally to their best day in 6 weeks after oil prices and bond yields ease

The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased

Uncategorized

Iran war pushes diesel – the economy’s lifeblood – to record high prices, with no relief on the horizon

The country, and the world, have been losing diesel refining capacity for many years and can’t just ramp up production to fill the shortages.

Business|Economy|Finance|Stock Markets

Tech leads Wall St to higher close as oil eases, Treasury yields dip

Wall Street bounced back on Thursday as easing oil prices, dropping US Treasury yields and solid labor data helped markets move

Business|Economy|Finance|Stock Markets|US

World stocks rebound, Treasury yields retreat after Fed, BoE decisions

Global shares rose and Treasury yields fell on Thursday following the US Federal Reserve's interest-rate increase and what is expected to be a similar

Business|Economy|Finance|World

Why the Federal Reserve is lifting rates now, and what it means

About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged

Economy|Finance

Mortgage rates climb for fourth-straight week to hit highest level since Trump took office

Mortgage rates climb for fourth-straight week to hit highest level since Trump took office

Business|Economy|Finance

Major central banks on tightening path amid energy price shock

Major central banks are on a tightening path, with the Federal Reserve recalibrating its policy to a more restrictive stance on Wednesday,

Arts|Economy|Entertainment|Finance|World

Dollar pauses after Fed rally as yields, oil retreat

The US dollar eased against the euro on Thursday, a day after logging its biggest jump in three months against the common currency after the Federal

Business|Economy

US labor market on solid footing; rising mortgages pressuring housing sector

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, though the decline was likely exaggerated by the

Business|Economy|Finance

Dollar pressure weighs on LatAm FX; regional stocks edge higher

Most Latin American currencies traded lower on Thursday against the U.S. dollar near multi-week highs, while stocks were mostly higher, with domestic political

Arts|Business|Europe|Finance|Interview

ECB's Rehn sees no second-round inflation, backs joint debt for defence

European Central Bank policymaker Olli Rehn said on Thursday there were no clear signs of second-round inflation effects in the euro zone and backed the use of jointly-

Business|Economy

Bank of England policymakers set out views on rates outlook

The Bank of England left interest rates on hold at 3.75% on Thursday after a 6-3 vote among the members of its Monetary Policy Committee.

Arts|Economy|Europe|Finance|MidEast

BoE's Bailey says outlook too uncertain to judge market bets on four rate hikes

Bank of England Governor Andrew Bailey said on Thursday the outlook was too unpredictable when asked whether markets were right to price in almost four interest rate hikes

Arts|Business|Economy|Finance|Stock Markets|Technology|US

Wall St opens higher as easing oil prices boost Fed hike relief

The major US stock indexes opened higher on Thursday as retreating oil prices boosted sentiment, with the Federal Reserve's first rate hike under Chair Kevin Warsh reassuring

Arts

A timely hike

Stocks edged up early on Thursday as investors digested the Federal Reserve's first interest rate hike in three years.

Business|Economy|Finance

Bank of England holds rates but appears ready to hike soon

The Bank of England is keeping the U.K.’s main interest rate unchanged at 3.75% even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices

Arts|Business|Economy|Entertainment|Finance

Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%

Mortgage buyer Freddie Mac's latest snapshot of mortgage rates is due out later Thursday and expected to show that the average rate for a 30-year mortgage rose again this week, moving closer to 7%

Business|Economy|Finance|Stock Markets

FTSE indexes gain after BoE holds rates steady, pauses gilt sales

The main UK indexes rose to their highest in over a week on Thursday after the Bank of England kept interest rates unchanged as expected, and said it would halt sales of long-dated

Arts|Economy|Entertainment|Finance|Lifestyle

Fed builds credibility, but hawkish turn leaves investors edgy

Investors are gaining more confidence in the Federal Reserve's inflation-fighting backbone, but uncertainty

Business|Economy|Finance

Dollar's allure, oil surge fan bearish bets on emerging Asian currencies: Reuters poll

Bearish sentiment towards most emerging Asian currencies deepened, a Reuters poll showed on Thursday, as investors contended with the twin headwinds of escalating

Business|Economy|Finance

South Africa's consumer confidence rises despite economic uncertainty, survey shows

South Africa's consumer confidence improved in the third quarter, a survey showed on Thursday, although consumer spending is expected to remain subdued in the coming months due to

Business|Economy|Finance|World

IMF says Australia may need further interest rate rises to tame inflation

The International Monetary Fund (IMF) said on Thursday that Australia's central bank may need to raise interest rates further, with inflation expected to remain elevated

Economy|US

Bank of England to hold rates but energy shock stirs talk of a hike

The Bank of England looks set to keep interest rates on hold on Thursday but investors are watching for any hint that surging energy prices could

Business|Economy|Finance|Political|Stock Markets|US

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

President Donald Trump is blasting Federal Reserve governors after the board raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation

Business|Economy|Finance

Fed's Warsh lays out forces driving up bond yields

Federal Reserve Chairman Kevin Warsh suggested on Wednesday that among the forces pushing up bond yields, a loss in confidence in the central bank's inflation fight

Business|Economy|Finance

Trading Day: Lift off!

The U.S.

Business|Economy|Finance

Brazil central bank delivers fifth straight rate cut, leaves next move open

Brazil's central bank on Wednesday cut interest rates by 25 basis points for a fifth straight meeting amid firmer signs of an economic slowdown while

Economy|Political|US

Trump lashes out at Fed after Warsh backs rate hike

US President Donald Trump on Wednesday leveled his most pointed — though still indirect — criticism yet at his hand-picked Federal Reserve chief, fuming

Business|Economy|Finance

What Kevin Warsh said about the Fed’s first rate hike since 2023

What Kevin Warsh said about the Fed’s first rate hike since 2023

Business|Economy|Finance

What do higher rates mean for borrowers and savers?

The U.S. Federal Reserve nudged interest rates higher by a quarter of a percentage point on Wednesday, the first rate hike in more than three years.

Business|Economy|Finance|US

Warsh says US economy has strengthened, inflation is the problem

Federal Reserve Chairman Kevin Warsh said on Wednesday that the U.S. economy has strengthened since Fed policymakers last met in June, with a labor market essentially running at

Business|Economy|Finance

Major US banks raise prime rate after first Fed rate hike since 2023

Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve lifted its benchmark interest rate, a move that would increase borrowing costs for consumers

Business|Economy

Fed raises rates in search of 'timelier' drop in inflation, sees more tightening ahead

The Federal Reserve raised interest rates on Wednesday and flagged more hikes in the coming months, with new U.S. central bank chief Kevin Warsh

Arts|Business|Economy|Finance|Technology|US

Amazon increases minimum starting hourly wage for full-time core operations employees

Online behemoth Amazon said it’s increasing the minimum starting hourly wage for its U.S. full-time core operations employees to $20 ahead of the holiday shopping season

Business|Economy|Finance|Stock Markets|Technology

US stocks slip after the Fed hikes interest rates and hints more increases may be on the way

U.S. stocks slipped after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control

Business|Economy|Finance

US consumers and businesses are now facing a future of more expensive borrowing

The Federal Reserve’s rate hike comes as the US economy is increasingly moving at two very different speeds.

Business|Economy|Political

Warsh says Fed focus to stay on inflation, underlying trends have not meaningfully improved

The Federal Reserve's predominant focus will remain on controlling inflation, Fed Chairman Kevin Warsh said on Wednesday after the U.S. central bank raised rates.

Business|Economy|Finance

Instant View: Stocks pull back after Fed raises rates, points to another hike this year

 The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new US central bank chief Kevin Warsh

Business|Economy|Finance

Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice

The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Business|Economy|Finance|US|World

Robust US retail sales underscore economy's resilience, inflation pressures building

U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars,

Business|Economy|Finance

US import prices jump in August on strength in capital, consumer goods

U.S. import prices surged in August amid solid increases in the costs of capital and consumer goods, suggesting inflation could rise further in the coming months.

Business|Economy|Finance

US homebuilder sentiment drops to 12-month low in September

U.S. homebuilder sentiment dropped to a one-year low in September as rising mortgage rates dampen demand for housing, a survey showed on Wednesday.

Arts|Business|Economy|Finance|Lifestyle

Dollarama raises annual sales forecast in Canada as cost-conscious shoppers trade down

Canada's Dollarama raised annual comparable sales growth forecast on Wednesday, as shoppers opt for its cheaper everyday products while contending with higher

Business|Economy|Finance|World

Brazil's July activity falls more than expected ahead of rate decision

Economic activity in Brazil fell by a seasonally adjusted 0.2% in July from the previous month, a central bank index showed on Wednesday, compared with expectations for

Business|Economy|Finance

UK PM Burnham says he will take tough decisions to keep economy on track

British Prime Minister Andy Burnham said he is ready to take the difficult decisions required to ensure the UK economy remains on track, after data on Wednesday showed a

Business|Economy|Finance

Warsh's words may matter more than the anticipated Fed rate hike

The Federal Reserve is expected on Wednesday to hike interest rates for the first time since 2023, a decision driven by stubbornly high inflation

Business|Economy|Finance|Stock Markets|US

A time to hike?

An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision.

Business|Economy|Finance

Bond market woes likely a factor for Fed, but intervention seen as unlikely

By Michael S.

Business|Finance

UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year

Inflation in the United Kingdom has risen to a five-month high, an increase that will pressure the Bank of England to hike interest rates again over coming months

Business|Economy|Europe|Finance|Stock Markets

European shares rise as oil pauses ahead of Fed rate decision

European shares edged up from the previous session's three-month low on Wednesday as a pause in the oil price rally lifted risk appetite ahead

Business|Economy|Finance|Stock Markets|US|World

Major brokerages' forecasts for S&P 500 index in 2026

Global brokerages expect the benchmark S&P 500 index to extend its rally in 2026, betting on AI momentum and strong corporate earnings, while the war in Iran continues to weigh on

Economy

Warsh on collision course with Trump administration

A look at the day ahead in European and global markets from Gregor Stuart Hunter Federal Reserve Chair Kevin Warsh is likely to come out of Wednesday's policy decision bruised one way or another.

Business|Finance

UK inflation hits 3.1% but data offers some relief for BoE

British inflation accelerated to a five-month high of 3.1% in August, but measures excluding surging energy prices held stable, official

Arts|Asia|Economy|Finance

BOJ set to raise interest rates to 31-year high as inflation risks loom

The Bank of Japan is set to raise interest rates to a 31-year high on Friday and signal readiness to keep pushing up borrowing costs, joining other major

Economy|World

Japan records a trade deficit for 4th month as oil imports soar

Japan’s trade deficit totaled $7 billion last month, as surging oil prices sent the cost of imports soaring

Business|Economy|Finance|World

Japan August imports jump as oil prices lift costs, exports stay firm

Japan posted its largest increase in imports in nearly four years in August as higher oil prices lifted energy costs, while exports rose for a 12th month

Business|Economy|Finance|Stock Markets

10-year Treasury yield hits highest level since 2007 ahead of Fed rate decision

10-year Treasury yield hits highest level since 2007 ahead of Fed rate decision

Arts|Business|Economy|Finance|Technology

Government bond yields rise, oil gains again as stocks dip

U.S.

Economy

Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says

The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress' nonpartisan

Economy|Finance|Stock Markets|Technology|US

Wall Street ends lower as oil spikes and the benchmark Treasury yield breaches 5%

Wall Street extended its selloff on Tuesday, as rising U.S.

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Iran war expected to cause a spike in US inflation, according to budget watchdog

Iran war expected to cause a spike in US inflation, according to budget watchdog

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Iran war has cost the US more than $38B, budget office says

The war against Iran has cost the U.S. more than $38 billion through Aug. 1 and will continue to cost up to $3 billion a month or more

Arts|Economy|Europe|Finance

Key candidates to replace ECB President Lagarde

France could back former Dutch central bank chief Klaas Knot to succeed Christine Lagarde as head of the European Central Bank as part of a bargain in which a French

Business|Economy

American incomes finally top pre-pandemic levels, fighting against inflation all the way

U.S. household income finally topped pre-pandemic levels last year, a stark sign of how the past five years of rising prices have limited Americans’ earnings and purchasing power

Business

Bank of Korea minutes show possible policy rift on back-to-back rate hikes

The Bank of Korea's decision to carry out back-to-back interest rate hikes in August was more contentious than the headline vote suggested, meeting minutes

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Global bond yields hit fresh highs, raising stakes for big borrowers

Government borrowing costs hit their highest level since the 2008 financial crisis on Tuesday, with 10-year U.S.

Economy|Finance|Stock Markets

Morgan Stanley turns more hawkish, forecasts two Fed hikes and ECB move

Morgan Stanley has joined other major Wall Street banks in adopting a more hawkish outlook on interest rates, forecasting U.S.

Economy|Finance|Stock Markets|US

"The house" visits the House

The nervous start to the week for world markets has seen 10-year U.S.

Arts|Economy

Median US income rises to highest on record even as Americans feel affordability pinch

Median US income rises to highest on record even as Americans feel affordability pinch

Science|Technology

Investors nervous about AI spending slowdown after industry warnings

Investors are showing some nervousness over the stock market's AI-led rally after industry leaders called for reining in the pace of development — although some say

Business|Economy|Finance|World

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

The Federal Reserve is widely expected to lift its short-term interest rate for the first time in three years to fight stubbornly high inflation

Business|Economy|Finance

UK jobs market stays soft before BoE rate call

Britain's jobs market stayed weak with pay growth near a six-year low, the fewest vacancies since 2021 and hiring down, according to data that

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10-year Treasury yield hits 5%, critical threshold for US economy and markets

10-year Treasury yield hits 5%, critical threshold for US economy and markets

Business|Economy|Finance|Technology|World

AI stocks drop, but the rest of Wall Street holds steadier after oil prices give back an early jump

AI stocks slid worldwide after leaders of the industry warned a slowdown is needed for the safety of humanity

Arts|Economy|Election|Entertainment|Finance

House Speaker Mike Johnson says Trump's $5,000 'dividend' needs congressional approval

House Speaker Mike Johnson says Congress would have to approve President Donald Trump's proposal to send $5,000 to each American adult if the Republican Party maintains control of the House and Senate in the November election

Business|Economy|Finance|World

Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update

The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week

Business|Economy|Finance|World

US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb

Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated

Economy|Election|Health|Political

FACT FOCUS: A look at false and misleading claims during the Republican midterm convention

President Donald Trump, Vice President JD Vance and other Republican officials came together for a two-day convention this week to rally voters in advance of midterm elections in November

Business|Economy|Finance|World

No relief from inflation as Middle East clashes lifts fuel prices to painful levels

U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near

Arts|Economy

Diesel costs more than $6 a gallon for the first time. Here’s how that affects you

Diesel costs more than $6 a gallon for the first time. Here’s how that affects you

Business|Economy|Finance

Inflation heated up last month, boosting the case for a Fed rate hike

Inflation heated up last month, boosting the case for a Fed rate hike

Economy

Trump officials scramble to manage fallout after his $5K check pledge to all Americans

Trump officials scramble to manage fallout after his $5K check pledge to all Americans

Business|Economy|Finance|MidEast|World

Global oil hits $108 per barrel while bond yields surge

Global oil hits $108 per barrel while bond yields surge

Business|Economy|Europe

European Central Bank raises interest rates a quarter point to quell energy-fueled inflation

The European Central Bank is raising interest rates to cool inflation that is being fed by high oil prices from the Iran war

Business|Economy|Finance|MidEast

ECB raises interest rates, bolstering bets for further moves

The European Central Bank raised interest rates on Thursday for the second time this year to quell an energy-driven inflation rise

Business|Economy|Finance

Wholesale inflation picked up in August, as energy costs kept rising

Wholesale inflation picked up in August, as energy costs kept rising

Business|Economy|US|World

US unemployment claims dip to 206,000 as layoffs continue to remain rare

Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still rare

Business|Economy|Finance

Know your bonds: A quick guide to Treasuries

Know your bonds: A quick guide to Treasuries

Arts|Economy|Health|Technology

Republicans showcase their 'big beautiful bill' to voters, but the law's impact has been mixed

Working to keep the majority in Congress, Republicans are showcasing their chief legislative accomplishment in this midterm election

Economy|Finance

Why the BOJ will bet small on rate hikes now to avoid a bigger shock later

The last time Japan's central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be

Arts|Finance

The yen's sudden surge is upsetting the carry trade faithful

A blistering rally in the Japanese yen ahead of an expected interest rate hike from the Bank of Japan next week is upending the long-

Americas|Asia|Business|Economy|Finance

Yen's rally to seven-month high weighs on dollar ahead of US CPI

The Japanese yen climbed to a seven-month high against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a

Arts|Economy|Environment

Australian consumer sentiment slides under rates, petrol pressure

A measure of Australian consumer sentiment fell sharply in September, a survey showed on Tuesday, as fears of higher interest rates and a rebound in fuel prices pressured

Asia|Business|Economy|Finance|Stock Markets|World

Stocks dented by inflation risk from rising oil, dicey geopolitics

Rising oil prices, conflict in the Middle East and political uncertainty in Europe kept investors on edge on Monday, leaving stocks to drift lower ahead of

Business|Economy|Finance|World

Yen surges to seven-month high; dollar drifts ahead of US inflation

The yen surged to a seven-month high on Monday as traders reassessed the battered currency's outlook, driven by expectations of faster

Arts|Business|Economy|Finance|Stock Markets|Technology

Global shares are mixed as chipmaker shares rally in Tokyo and Seoul

Global shares are mixed, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers

Business|Finance

UK house prices fall for first time since November 2023, Lloyds data shows

British house prices recorded their first annual fall in nearly three years in August as some buyers have held back on purchases due to higher borrowing

Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets|World

Diesel the real spoiler for US inflation doves

A look at the day ahead in European and global markets from Wayne Cole. It's been a patchy start to the week with tech leading Asian shares higher, while European and Wall Street futures barely budge.

Business|Economy|Finance|World

Another rate hike, just for insurance: Five questions for the ECB

The European Central Bank is widely expected to hike interest rates on Thursday, erring on the side of caution as the U.S.-Iran war

Business|Economy|Environment|Travel

Fuel prices at record Labor Day high in US thanks to Iran war and refinery issues

Gas prices in the U.S. have hit a record high for Labor Day weekend, averaging $4.14 per gallon

Business|Economy

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

President Donald Trump has been promising an economic boom, but Friday's positive jobs report left him frustrated

Arts|Economy|Finance

Wall Street week ahead: The market focuses on key inflation updates

Wall Street will get several important updates about inflation this week

Arts|Business|Economy|Finance|Technology|World

Wall Street ends lower as solid jobs data fuels hawkish Fed bets

Wall Street dipped on Friday as a robust jobs report raised the probability that the U.S.

Business|Economy|Finance

Canada's Ivey PMI expands to more than four-year high in August

Canadian economic activity expanded at a faster ​pace in August as prices, inventories and employment rose, ​Ivey Purchasing Managers Index (PMI) ​data showed on Friday.

Business|Economy|Finance|World

Dollar bounces on job gains, then pares ahead of CPI

The dollar jumped on Friday after data showed that U.S. employers added 162,000 jobs in August, well above the 56,000 additions expected by economists,

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Yields, dollar rise, stocks ease after solid US jobs report

Treasury yields and the dollar rose, while stocks fell on Friday after stronger-than-expected U.S. job growth data boosted bets on a September

Business|Economy|Finance|Stock Markets

Norway's $2 trillion sovereign fund proposes deep cuts to US Treasury holdings

The manager of Norway's $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S.

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Bonds' reality check

From the Editor Are the vigilantes back?

Arts|Economy|Finance|Stock Markets|US

Investors to pore over inflation data for signals on rate trajectory

Investors will zero in on inflation data next week that they say could determine whether the U.S.

Arts|Economy|Entertainment|Finance|World

Labor Day gas has never been this expensive. Trump is scrambling for answers

Labor Day gas has never been this expensive. Trump is scrambling for answers

Economy

What the bond rout means for your finances (Hint: It’s a mixed bag)

What the bond rout means for your finances (Hint: It’s a mixed bag)

Business|Economy|World

UK construction slides again, pulled down by weak housebuilding, PMI shows

Britain's construction sector marked its 20th month of contraction in August, dragged down by a severe downturn in the housebuilding sector, a survey showed on Friday.