adminFrom Fed to Elections, FX Turbulence Buffets Dollar Investors
(Bloomberg) — All signs point to a tough few months ahead for investors charting the dollar’s path, after the US presidential debate and a key inflation reading left markets anticipating…
US filings for unemployment benefits inch up slightly but remain historically low
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates. Jobless claims rose by 2,000 to 230,000…
Thailand’s slumping economy is new leader Paetongtarn’s focus in her first parliamentary speech
BANGKOK (AP) — Thailand’s new Prime Minister Paetongtarn Shinawatra vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes.…
Oil Advances for Second Day on Hurricane Risk and Risk-On Tone
(Bloomberg) — Oil gained for a second day as Hurricane Francine hit crude supply in the Gulf of Mexico, wider markets carried a risk-on tone, and traders looked ahead to…
Dollar firm as inflation data douse bets for big Fed rate cut
By Kevin Buckland TOKYO (Reuters) – The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the…
Oil prices flat as lower demand signs outweigh U.S. hurricane impact
By Katya Golubkova TOKYO (Reuters) – Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on…
Federal judge temporarily blocks Utah social media laws aimed to protect children
A federal judge in Utah has temporarily blocked social media access laws that leaders said were meant to protect the mental health and personal privacy of children, saying they are…
Atlanta Fed’s Bostic violated trading rules, US central bank watchdog says
By Michael S. Derby (Reuters) -Atlanta Federal Reserve President Raphael Bostic violated U.S. central bank policies governing how officials could trade and invest, the Fed's in-house watchdog said on Wednesday,…
Fed seen cutting policy rate by 25 bps next week
(Reuters) – U.S. central bankers will likely start a series of interest-rate cuts next week with a quarter-of-a-percentage point reduction, traders bet on Wednesday, as government data showed inflation cooled…
Inflation: Consumer price increases hit lowest annual inflation rate since early 2021
A closely-watched report on US inflation showed consumer price increases ticked lower during the month of August on an annual basis, according to the latest data from the Bureau of…
