US consumer inflation expectations fall in September; sentiment rises WASHINGTON: US consumers’ near-term inflation expectations fell to a one-year low in September and the outlook over... Published 16 Sep, 2022 08:59pm
Markets Wall St slides as economic data backs hawkish Fed NEW YORK: Wall Street’s main indexes fell on Thursday, with technology and growth stocks leading the way as a slew... Published 16 Sep, 2022 06:04am
World US producer prices fall for second straight month in August WASHINGTON: US producer prices fell for second straight month in August as energy prices declined further, data... Published 14 Sep, 2022 07:05pm
World US mortgage interest rates top 6% for first time since 2008 The average interest rate on the most popular US home loan rose above 6% for the first time since 2008 and is now... Updated 14 Sep, 2022 05:30pm
World US small business sentiment rises in August: NFIB WASHINGTON: US small-business confidence improved in August as worries about inflation subsided and demand for... Published 13 Sep, 2022 05:59pm
World Biden seeks to avert economically damaging US train strike WASHINGTON: President Joe Biden on Monday sought to mediate in a labor dispute threatening to paralyze the US train... Published 13 Sep, 2022 12:15pm
World US consumer inflation expectations ease again, NY Fed says US consumers’ inflation expectations slid further in August as gasoline prices extended their steep decline from... Published 12 Sep, 2022 08:50pm
World On Fed rate hikes, George calls for steadiness over speed Kansas City Federal Reserve Bank President Esther George on Friday made the case for a “sustained policy response”... Published 09 Sep, 2022 09:25pm
World Fed’s Powell hopeful inflation can be tamed without pain of Volcker era WASHINGTON: The Federal Reserve is “strongly committed” to fighting inflation, but there remains hope it can be done... Published 08 Sep, 2022 08:49pm
Markets Wall Street rebounds as yields slip, focus on Fed path NEW YORK: US stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investors... Published 08 Sep, 2022 05:43am
World Revisions confirm steep decline in US productivity in second quarter WASHINGTON: US worker productivity plunged in the second quarter, leading to the largest year-on-year decline on... Published 01 Sep, 2022 06:25pm
World Fed’s Mester: interest rates need to rise ‘somewhat above’ 4% The U.S. Federal Reserve will need to raise interest rates somewhat above 4% by early next year and then hold them... Published 31 Aug, 2022 05:43pm
World US job openings rise in July; vacancies revised higher WASHINGTON: US job openings increased in July, showing no signs that demand for labor was slowing, which could keep... Published 30 Aug, 2022 08:40pm
World Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says WASHINGTON: The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new... Published 30 Aug, 2022 08:28pm
Markets Wall Street hits fresh one-month lows on rate hike worries NEW YORK: US stock indexes hit fresh one-month lows on Monday, adding to a sharp selloff last week as investors... Published 30 Aug, 2022 06:21am
Markets UK stocks log worst week since mid-June LONDON: UK stock indexes fell on Friday to log their biggest weekly decline since mid-June as concern mounted about ... Published 29 Aug, 2022 05:44am
Markets Wall Street ends in a hole after Powell’s Wyoming speech NEW YORK: Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome... Published 29 Aug, 2022 05:44am
Markets Gulf stocks fall on tight monetary policy outlook DUBAI: Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal... Published 29 Aug, 2022 05:44am
Business & Finance Senator Warren worries that Fed will tip US economy into recession WASHINGTON: Democratic US Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve... Updated 29 Aug, 2022 09:40am
Business & Finance Sterling set for weekly loss LONDON: The British pound fell on Friday, on track for a weekly loss after a hawkish speech by US Federal Reserve... Published 29 Aug, 2022 05:44am
Business & Finance Russian rouble eases past 60 vs dollar, stocks edge higher MOSCOW: The Russian rouble weakened past the 60-mark against the dollar on Friday as support from month-end tax... Published 29 Aug, 2022 05:44am
Markets Gold slides after Powell doubles down on tight monetary policy NEW YORK: Gold fell over 1% on Friday after Federal Reserve Chair Jerome Powell in his speech at Jackson Hole said... Published 28 Aug, 2022 06:10am
World US consumer spending misses expectation in July; inflation slows WASHINGTON: US consumer spending barely rose in July, but inflation eased considerably, which could give the Federal... Published 26 Aug, 2022 07:11pm
Business & Finance Indian rupee little changed MUMBAI: The Indian rupee traded in a narrow range on Thursday, held in check by strong domestic dollar demand from... Published 26 Aug, 2022 05:35am
World Fed has ‘a lot of time’ before next rate decision needs to be made, Barkin says OCEAN CITY: U.S. central bank officials have “a lot of time still” before they need to decide how large an interest... Published 19 Aug, 2022 09:18pm
World US existing home sales fall for sixth straight month; prices remain elevated WASHINGTON: US existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve’s... Published 18 Aug, 2022 07:37pm
World US weekly jobless claims edged lower last week WASHINGTON: The number of Americans filing new claims for unemployment benefits fell moderately last week,... Published 18 Aug, 2022 06:36pm
World US business inventories increase solidly in June WASHINGTON: US business inventories increased strongly in June amid signs of a large buildup of stocks in the retail... Published 17 Aug, 2022 07:50pm
World US retail sales flat in July; core sales rise WASHINGTON: US retail sales were unchanged in July as declining gasoline prices weighed on receipts at service... Published 17 Aug, 2022 06:40pm
Markets Japan’s Nikkei closes flat TOKYO: Japan’s Nikkei index closed almost flat on Tuesday, with energy-related stocks and shippers weighing the... Published 17 Aug, 2022 06:57am