Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…
Short-Term Treasuries Fall Amid Progress in US-China Trade Talks
Short-term Treasuries dipped as demand for havens waned amid growing optimism that the US and China are nearing…
Euro Zone to Get Hard Data on Tariff Damage as ECB Sets Rates
Europe will get a rigorous economic health-check this week, helping gauge the impact of US tariffs on growth…
Russia’s central bank tries to prop up ailing economy with rate cut – POLITICO
It’s unusual for a central bank to lower its policy rate while revising its inflation outlook upward, since…
Euro-Zone Business Activity Unexpectedly Hits Highest Since 2024
Business activity in the euro area unexpectedly reached its highest level since May 2024 as outperformance by Germany…
Turkish central bank cuts key rate to 39.5%, flags inflation risk
The Turkish central bank cut its benchmark, one-week repo rate by 100 basis points to 39.5% on Thursday,…
China Finds Costly New Way of Boosting Xi’s Global Yuan Push
China is leveraging its position as the world’s largest creditor to help broaden usage of the yuan, offering…
McKinsey Says Bank Profits Face Possible $170 Billion AI Hit
Banks face a hit to their bottom lines of as much as $170 billion if they don’t adapt…
Bank of Korea rate decision, Kospi, Nikkei, HSI
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations. Trade fears resurfaced after…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
Bullish Dollar Signals Emerge With Delayed CPI Release Looming
The dollar has kicked off the quarter on a firmer note, and there are signs traders are bracing…
Turkish central bank seen slowing rate cut pace amid inflation caution
The Turkish central bank is all but sure to slow the pace of its interest rate cuts when…