The yen edged lower on Friday, trimming its sharpest weekly gain in more than four months, as traders considered the impact of potential rate increases by the Bank of Japan and a leadership election this weekend. BOJ Governor Kazuo Ueda reiterated that the central bank would continue raising interest rates if the economy and prices … Read more
new video loaded: What Are the Effects of a Government Shutdown? Ben Casselman, the chief economics correspondent for The New York Times, describes the economic effects of a government shutdown. By Ben Casselman, Claire Hogan and June Kim October 1, 2025 Source link
Gold prices edged higher on Wednesday, hovering near record levels as the U.S. moved closer to a government shutdown, bolstering safe-haven demand, while weak U.S. labor data reinforced expectations of further Federal Reserve rate cuts. FUNDAMENTALS * Spot gold was up 0.2% at $3,861.22 per ounce, as of 0030 GMT. Bullion logged about 12% rise … Read more
The dollar held on to steep gains on Friday after better-than-forecast U.S. data dampened expectations for further easing by the Federal Reserve this year. The dollar index, which measures the greenback against major peers, climbed 0.6% in the previous session after figures on U.S. economic growth, unemployment claims, durable goods, and wholesale inventories all beat … Read more
WASHINGTON – Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment … Read more
Global stock markets steadied on Thursday after the Federal Reserve cut interest rates but investors were circumspect after the world’s biggest central bank signalled a measured approach to further monetary policy easing. U.S. equity futures advanced 0.3%, after a uneven session on Wall Street overnight, while shares in Korea and Taiwan led gains in Asia, … Read more
The Federal Reserve may be about to stimulate an economy growing at more than 3%, where stocks are at record highs and inflation remains above target. The problem is that no one knows for sure how far the U.S. central bank can go before it trips that wire. Putting aside the intense political pressure, the … Read more
SYDNEY: Stocks got off to a quiet start in Asia on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts. The Bank of Canada is also expected to cut rates by a … Read more
new video loaded: How Trump Could Gain Control of the Fed By Ben Casselman, Melanie Bencosme, June Kim, Gabriel Blanco and Jon Hazell•August 28, 2025 President Trump’s attempt to fire Lisa Cook has laid bare the erosion of the Federal Reserve’s independence, which could lead to economic consequences for Americans, The New York Times’s chief … Read more
US President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, in a move viewed as a sharp escalation in his battle to exert greater control over the independent institution. Trump said in a letter posted on his Truth Social platform Monday that he is firing Cook because of allegations that she committed mortgage … Read more