Gas shock from Iran war sends US inflation to 3-year high, leaves wages falling behind
Photo Credit: iStock The spike in gas prices is being felt well beyond service stations. U.S. Labor Department…
Stock Market Today, June 10: Hot Inflation and War Escalation Fears Pressure Stocks at Midday
As of midday, the S&P 500 (SNPINDEX:^GSPC) fell 1.00% to 7,312.58, the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 1.27% to…
South Korea inflation hits two-year high, imminent rate hike in play
By Jihoon Lee SEOUL, June 2 (Reuters) – South Korea’s consumer inflation quickened in May to a more…
Morgan Stanley sees a ‘trifecta’ driving inflation higher — but Bessent says disinflation is weeks away
Wall Street and Washington appear to be, once again, out of sync. Morgan Stanley, last week, sent up…
China’s producer, consumer inflation up in April as Iran war pressures persist
A major benchmark of China’s factory-gate prices continued to rise last month, as the energy shock linked to…
Bessent says confident that core inflation is going down, Fed will need to cut rates
WASHINGTON, April 14 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that…
Japan brands yen falls as ‘speculative’ as Iran war ignites sell-off
By Leika Kihara and Takaya Yamaguchi TOKYO, March 31 (Reuters) – Japan on Tuesday labelled recent yen falls…
Why market bets for interest rate hikes in Canada are so high
The future path of interest rates in Canada is up for debate, with most economists coming down on…
How many rate cuts? Iran war upends Federal Reserve’s next steps
WASHINGTON (AP) — The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will…
How many rate cuts? Iran war upends Federal Reserve’s next steps
WASHINGTON (AP) — The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will…
China’s consumer price growth cools as inflation outlook remains unclear
China’s consumer prices rose for the fourth consecutive month in January – although at a slower pace –…
Singapore expected to keep monetary policy unchanged as growth outperforms
By Jun Yuan Yong SINGAPORE, Jan 26 (Reuters) – Singapore is expected to leave monetary policy unchanged at…