Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Warsh's Fed Holds Rates Steady as Inflation Pressures Mount from Oil and Tariffs
The Federal Reserve is set to hold rates at 3.50%-3.75% next week, but Chair Kevin Warsh's no-guidance stance is frustrating officials as oi
French Business Confidence Hits Four-Month High in July, Manufacturing Rebounds
French business confidence improved in July, with INSEE's index reaching 97, the highest since March. Manufacturing climbed above 100, while
Westpac Data Shows Big Firms Driving Australia's June Quarter Growth
Westpac's business performance and cashflow gauges edged up in the June quarter, but the gains were driven by large companies. Small and med
Thailand's Central Bank Proposes Cash Limits on Gold Bar Purchases to Curb Currency Volatility
The Bank of Thailand wants to cap cash payments for gold bar purchases, pushing larger deals onto traceable channels. The proposal aims to c
Australia's Hot Jobs Data Keeps RBA on Rate Hike Watch as Oil Rises
Australia's economy added 76,300 jobs in June, far surpassing forecasts, while the unemployment rate held steady at 4.4%. The strong labor m
South Korea's Q2 GDP Beats Forecasts at 3.7% Growth, But Momentum Slows
South Korea's economy expanded 3.7% in Q2 from a year earlier, beating forecasts. However, exports and consumer spending rose more slowly th
Ghana Central Bank Halts Rate Cuts as Iran War Fuels Inflation Concerns
Ghana's central bank paused its rate-cutting cycle, holding the policy rate at 14% as June inflation climbed to 5.3%. Energy market disrupti
Bolivia Nears $2.8 Billion IMF Deal to Rebuild Foreign Reserves Amid Unrest
Bolivia's government says it is days away from a $2.5-2.8 billion IMF deal, with more than half the funds arriving by early September to reb
RBI Sold $6.1 Billion in May to Defend Rupee as Oil Prices Surged
The Reserve Bank of India sold a net $6.1 billion in foreign exchange in May to defend the rupee, which hit a record low amid rising oil pri
Canadian Dollar Steady as US Tariff Threats Offset Oil Price Support
The Canadian dollar held steady Wednesday as new US tariff threats offset support from rising oil prices. Corpay warns the measures could li
Canada's Tariffs Drop to 1.5%, Yet US Exports Still Slide 5%: BMO
Canada has rolled back most retaliatory tariffs, leaving an average rate of just 1.5% on US imports. Yet BMO says US exports to Canada have
Bank of Japan Signals Faster Rate Hikes as Weak Yen and AI Costs Stoke Inflation Worries
The Bank of Japan is signaling it may raise interest rates sooner than markets anticipate, as a weak yen and rising input costs keep inflati