Economy
Central banks, inflation, jobs and growth, 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.
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
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
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
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
US Dollar Holds Steady as Traders Await Jobless Claims, Retail Sales, and Fed Speech
The greenback was mixed against major peers as traders positioned for a flurry of US economic data. Weekly jobless claims, June retail sales
UK Economy Edges Up 0.1% in May as Services Offset Factory and Construction Slumps
Britain's economy grew just 0.1% in May, with services expanding 0.3% while industrial production and construction both fell. The data point
Bank of Korea Hikes Rate to 2.75% After 3.5-Year Pause as Inflation Hits 3.2%
The Bank of Korea raised its seven-day repo rate by 25 basis points to 2.75%, ending a 3.5-year pause. June inflation at 3.2% and hawkish gu
June Retail Sales Expected to Rise 0.2% Headline, But Core Demand Seen Stronger at 0.5%
US retail sales likely edged up 0.2% in June, but cheaper gasoline dragged the headline lower. The core control group is expected to rise 0.