News
Dollar declines for second straight day but set for weekly gain
2+ hour, 47+ min ago (539+ words) The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an…...
US Stock Market: Sticky inflation keeps September Fed rate hike on table despite July pause expectations
1+ day, 2+ hour ago (308+ words) The US Federal Reserve is widely expected to keep interest rates unchanged at its July policy meeting despite inflation climbing to its highest level in three years, according to market pricing and Reuters calculations based on futures trading. Data released…...
US inflation tops 4% for first time in three years, keeping Fed hike in play
1+ day, 19+ hour ago (626+ words) Financial markets are anticipating a rate hike from the U. S. central bank in September. "PCE "price inflation remains too high "and will "keep the Fed on hold and mulling a potential rate hike at upcoming meetings," said Scott Anderson, chief U. S. economist…...
Core Inflation rises To 3. 4 %, Highest Level In Three Years But In Line With Expectations
1+ day, 20+ hour ago (458+ words) The Federal Reserve's preferred price gauge rose to its highest level since 2023, new figures showed. Concretely, the core personal consumption expenditures price index climbed 0. 3% for the month, with the inter-annual figure clocking in at 3. 4%, the highest number since October 2023. The…...
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
1+ day, 22+ hour ago (225+ words) The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near. The Commerce Department said Thursday that consumer…...
The best fixed-term savings accounts which can earn you up to 4. 85%
1+ week, 21+ hour ago (618+ words) The Bank of England may have held interest rates at 3. 75 per cent this week, but savers still have a rare opportunity to lock in inflation-beating returns in case rates do start to drift lower. With inflation expected to hover at…...
Will Mortgage Rates Go Down in 2026? New One-Month Low Suggests Relief, but Waiting May Backfire
1+ week, 23+ hour ago (359+ words) Mortgage rates have fallen to their lowest level in roughly a month. The drop is real. But for the millions of Americans who have been waiting on the sidelines for rates to come down meaningfully before buying a home, the…...
Gold price prediction: Factors behind Gold rate crash today, what to expect next week?
1+ week, 1+ day ago (227+ words) Goldman Sachs expects gold prices to rise to $4, 900 per ounce by December, lower than its "earlier forecast "of $5, 400, as the bank "doesn't expect a Fed rate cut this year anymore. Meanwhile, Dubai's commodities exchange CEO told Reuters that it will…...
AI in Hungary could unlock productivity gains of "15 billion: Mc Kinsey
1+ week, 3+ day ago (274+ words) Increased deployment of AI could unlock "15 billion ($17. 42 billion) in productivity gains in Hungary by 2030, Mc Kinsey said on Tuesday. AI could help Hungary close some of its productivity gap with European neighbours, the consultancy said, while warning that Hungary could…...
Russian central bank chief who "threatened to quit
1+ week, 4+ day ago (503+ words) Elvira Nabiullina, who once reportedly threatened to quit as head of Russia's central bank over Vladimir Putin's decision to invade Ukraine, has not been seen in public for almost three weeks. Ms Nabiullina is widely credited with keeping the Russian…...