By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
Fed's Jefferson: Rate Hikes Still on Table If Inflation Stalls
Fed Vice Chair Philip Jefferson said rates can likely hold steady for now, but the central bank could hike again if inflation stops cooling.
Energy Stocks Climb Despite Oil and Gas Slip on Surprise Inventory Build
Energy stocks defied a drop in oil and natural gas prices Thursday, with the XLE fund rising 0.8%. A larger-than-expected build in US gas in
Fed Officials Signal Possible Rate Hikes as Inflation Stays Stubbornly High
Federal Reserve officials are maintaining a hawkish stance, with Dallas Fed President Lorie Logan and Governor Lisa Cook indicating that fur
US Consumer Spending Holds Up in June Despite Housing Slump
New US data shows consumers kept spending in June, with core retail sales up 0.6%, but pending home sales dropped 5.4% as high mortgage rate
Standard Nuclear's NYSE Debut Falls Flat as Investors Demand Discount on Nuclear Risk
Standard Nuclear's shares fell in their NYSE debut, opening at $13.50 after a $15 IPO price. The weak start signals that investors remain ca
Kansas City Fed's Schmid Warns Inflation Still Sticky, Cautions Against One-Off Data
Kansas City Fed President Jeff Schmid said inflation remains uncomfortably persistent, cautioning against treating one cooler data point as
Energy IPOs Surge as AI Data Centers Drive Record Electricity Demand
Energy firms are cashing in on the AI boom by going public at a record pace. A single AI data center uses as much electricity as all homes i
Nigeria's Central Bank Holds Firm on Rates Despite Cooling Inflation
Nigeria's central bank is resisting pressure to cut rates despite 11 months of slowing inflation. Governor Cardoso warns geopolitical risks
UBS Predicts Bank of Canada Will Hold Rates Until 2027 Amid Economic Slack
UBS expects the Bank of Canada to hold interest rates steady this year and delay any rate hike until the second half of 2027. The bank cites
AI's Power Hunger Drives Record Energy IPO Surge in First Half of Year
Energy companies raised $12.6 billion through IPOs in the first half of the year, the strongest start on record. The surge is driven by AI's
US Jobless Claims Dip to 208,000, Signaling a Steady but Cool Labor Market
New filings for unemployment benefits dropped to 208,000, below forecasts, suggesting a stable but not booming job market. Continuing claims
US Retail Sales Rose 0.2% in June, But Core Gauge Jumped 0.6% Signaling Stronger Consumer Demand
US retail sales rose 0.2% in June, but the core control group jumped 0.6%, signaling stronger underlying consumer demand. This resilience co