Here are potential impacts of China’s reopening on markets, Goldman Sachs says
[ad_1] China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact…
Yen surges as Bank of Japan surprises by letting benchmark rate rise
[ad_1] TOKYO — The Bank of Japan made a surprise decision to let a benchmark interest rate rise to 0.5% from 0.25%, pushing the yen higher and ending a long…
U.S. stock futures fall as Chinese protests rattle markets, oil hits 2022 low
[ad_1] U.S. stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures…
Fed’s Bullard thinks inflation can come down without throwing a wrench in strong labor market
[ad_1] The Federal Reserve can get inflation back down to its 2% target without throwing a wrench in the strong labor market, said St. Louis Fed President James Bullard on…
New York factory activity stumbles in October
[ad_1] The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 7.6 points to negative 9.1 in October, the regional…
Fed’s Daly says more rate hikes needed, dismisses ‘pivot’ talk
[ad_1] The Federal Reserve needs to keep raising its benchmark interest rate in order to cool inflation that hit a 40-year high earlier this year and has shown little signs…
Fed’s Daly says ‘churn’ in labor market might be settling
[ad_1] There are signs that the U.S. labor market is starting to cool off a bit, San Francisco Federal Reserve President Mary Daly said Tuesday. “I think…some of the churn…
Fed’s Barkin expects inflation to come down a bit in coming months
[ad_1] All signs point to lower U.S. inflation in coming months, Richmond Fed President Thomas Barkin said Friday. “Inflation should come down a bit. I don’t expect it to be…
Fed must try to avoid a ‘harsh recession,’ Daly says
[ad_1] The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep…
U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
[ad_1] U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears.…
Yellen: Inflation will come down next year
[ad_1] Treasury Secretary Janet Yellen on Thursday said she believed high U.S. inflation would fall next year, but cautioned there are risks to this outlook. “I believe it’s going to…
Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
[ad_1] Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next week is gone, economists said, following the hot U.S. consumer price…