The Federal Reserve has announced a quarter-point reduction in its key interest rate, marking its third rate cut of the year. This decision aims to stabilize a cooling U.S. economy while addressing inflation concerns. The new target range for the…
Tag: Inflation
Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates, although renewed optimism over a rebound in Chinese demand put prices on course for strong weekly gains. Crude markets logged wild…
Puma (ETR:PUMG) reported record sales and earnings before interest and taxes in 2022 but warned that profit is likely to fall this year as high interest rates and inflation crimp consumer spending. The German sports gear maker, which lost its…
Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South…
The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders cautiously await the release of the minutes of the Federal Reserve’s February meeting. At 02:55 ET (07:55 GMT), the Dollar…
Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index,…
Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a slew of Federal Reserve events this week, while Chinese stocks rose sharply on the prospect of more stimulus spending by…
Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy,…
The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates…
Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed…