Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints By Reuters – Investing.com
Written by Lei Wee SINGAPORE (Reuters) – Global stock markets got off to a strong start this week ahead of Nvidia's (NASDAQ:) long-awaited results, but in Japan, a speech by the central bank governor left markets wondering about the country's interest rate outlook. I took a more enlightened view. Bank of Japan Governor Kazuo Ueda […]
Bernie Sanders Open To Working With Trump, Advocates On 10% Credit Card Rate Cap
Independent Vermont Sen. Bernie Sanders announced on social media Friday that he intends to work with the Trump administration to address exorbitant credit card interest rates. Sanders created post On X, formerly known as Twitter. I look forward to working with the Trump Administration to fulfill its promise to cap credit card interest rates at […]
Fed Chair Jerome Powell says central bank in no rush to reach ‘neutral rate’
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about Fed Chair Jerome Powell's job and what steps President Trump will take to expand Bernie & Company's economy. Federal Reserve Chairman Jerome Powell He said Thursday that central bank policymakers are in no hurry to cut interest rates to the so-called “neutral rate” and […]
Jerome Powell says no need for Fed to rush rate cuts
Federal Reserve Chairman Jerome Powell said Thursday that continued economic growth, a strong job market and inflation above its 2% target mean there is no need for the central bank to rush to cut interest rates. He said this meant that the matter could be carefully considered. Powell's comments echoed growing expectations in financial markets […]
Will October’s inflation increase slow the pace of interest rate cuts?
Housing costs remain a major driver of inflation. (iStock) Inflation rose to 2.6% in October, up slightly from the previous month, according to the Consumer Price Index (CPI). Published by the Bureau of Labor Statistics (BLS). According to the BLS, October's inflation rate was higher than September's annual rate of 2.4%, and rose 0.2% on […]
US Futures Waver as PPI Keeps Rate Debate Open: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures firmed after producer price inflation was in line with expectations as investors debated the possibility of a December interest rate cut. Most Read Articles on Bloomberg U.S. Treasury yields rose on the data, with S&P 500 and Nasdaq 100 contracts giving up modest gains, amid signs that post-election stock gains […]
Inflation Heated Up In October, Highest Monthly Rate Since April
US inflation continued to push prices up in October, marking the highest monthly rate of increase since April. The Consumer Price Index rose 0.2% in October, in line with the previous month, the Labor Department said Wednesday. The unrounded price rose 0.244%, marking the first time since April that the unrounded figure has exceeded 2%. […]
Unbanked Rate Among US Households Declines to Record Low – PYMNTS.com
The proportion of U.S. households without a bank account will fall to an all-time low in 2023. At 4.2% of U.S. households, or 5.6 million households, the share of households without a bank or credit union account was the lowest since 1999. Federal Deposit Insurance Corporation (FDIC) begins biennial publication National Survey of Unbanked and […]
Pound Sterling slumps as UK unemployment rate jumps to 4.3% – FXStreet
The pound sterling fell to nearly 1.2800 against the US dollar following the release of weak UK employment data. Britain's unemployment rate jumped to 4.3% and average incomes rose faster than expected in the three months to September. Investors are waiting for US inflation data to guide new interest rates. The pound fell against its […]
EUR/USD ticks down as Fed officials line up for interest rate guidance – FXStreet
EUR/USD remains sensitive as investors await new interest rate guidance from a number of Fed speakers. The euro weakened as President Trump's policies were expected to weigh on euro zone exports. This week, investors will focus on October's US inflation data. In European trading on Monday, EUR/USD is trading cautiously near a four-month low of […]