Fed officials say December CPI did not budge view of inflationOverall consumer price inflation on a 12-month basis rose to 3.4% in December from 3.1% the month before. But excluding volatile food and e...
Fed rate cuts to remain in view for 2024, even as rate-setters shiftThe annual rotation on the U.S. Federal Reserve's interest-rate-setting committee means its 2024 voting members lean slightly more hawkish ...
Data and debt ceiling hoist dollarThe dollar hit a two-week high of 136.69 yen due to a safety bid as the US approached its borrowing limit, while strong economic data dimin...
US Fed meet outcome today: Will Powell open gates for Nifty bulls?The US Federal Reserve is expected to raise interest rates for the third consecutive time later today, with traders predicting a 84% chance...
Boom, bust or a bit of both: US, global economies are a confounding mixMajor central banks have jacked up interest rates at a pace many policymakers and economists thought would prove crushing, perhaps taming i...
US stock market: Wall Street ends down sharply as data fuels rate-hike worriesThursday's economic data and other reports this week paint a picture of still-stubborn inflation and an economy that remains relatively str...
Wall Street slides as inflation, jobless claims data fuel rate-hike angstAt 10:09 a.m. ET, the Dow Jones Industrial Average was down 383.90 points, or 1.12%, at 33,744.15, the S&P 500 was down 46.70 points, or 1....
Dollar at 24-year peak to yen as U.S. yields jump; sterling on the ropesThe Japanese currency is particularly sensitive to the gap between U.S. and Japanese long-term bond yields. The benchmark 10-year Treasury ...
Why was KTLA TV anchor Mark Mester fired? Details hereMark Mester's name has been removed from KTLA's website from the anchor list, and reports suspect it could be due to his off-script stunt o...
European markets, STOXX, US jobs, inflation, global stock marketAsian shares rose overnight but at 0823 GMT the STOXX 600 was down 0.1%, France's CAC 40 and Germany's DAX were flat. London's FTSE 100 was...
Gold prices up from 3-month lows as dollar surge slowsGold prices on Monday rose above the more-than-three-month low level hit in the previous session, as a weaker dollar outweighed pressure fr...
Japan's yen bounces briefly after Kuroda commentsThe yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister...
Fed officials nod to big rate hikes to fight 'inflation, inflation, inflation'Fed policymaker forecasts released last week signaled most saw the policy rate rising to 1.9% or higher by the end of the year.
Hot inflation drives case for 'big-bang' Fed rate hike in MarchEconomists at Deutsche Bank on Thursday said they now think the Fed will kick off its policy tightening with a 50 basis-point hike next mon...
Stocks under pressure after biggest quarterly drop since 2008Shares on Wall Street tumbled on Tuesday, with the Dow registering its biggest quarterly fall since 1987.
Donald Trump's trade war with China is about to get a lot uglierTalks in Washington between the world’s two largest economies yielded little visible progress last week toward a cease-fire.
US Fed officials signal confidence in economy as rate liftoff nearsInvestors are betting that the central bank next month will lift rates for the first time since 2006 following a solid US employment report...