The US economy continues to show signs of resilient growth while inflation pressures subside. Business activity grew at its fastest pace in 27 months during July, according to the latest S&P Global flash US composite PMI.
The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation, according to a growing majority of economists in a Reuters poll.
A torrid rally in homebuilder stocks that’s put the group on track for its best month this year shows few signs of stopping.
The runway toward a Federal Reserve interest-rate cut will come more into focus in the coming week amid fresh signs inflation is abating and economic activity is simmering down.
ond traders are reassessing so-called Trump trades as Vice President Kamala Harris gathers support among Democrats, weighing the political shakeup against upcoming fresh economic data and the path of US interest rates ahead.
President Xi Jinping vowed to make “high-quality development” the guiding force of the world’s No. 2 economy, showing few initial signs that the top leadership is preparing to unleash major steps to boost demand or arrest the property slump.
Leveraged loan issuers are capitalizing on strong investor demand to push for provisions that would lower their future borrowing costs and give them a buffer if the Federal Reserve keeps interest rates elevated.
U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead as they also reported signs the jobs market continues to soften
Gold retreated from an all-time high as traders assessed their bets on Federal Reserve rate cuts, while weighing the uncertain political outlook in the US.
A growing number of Wall Street economists are cautioning the Federal Reserve is waiting too long to reverse course after raising interest rates to a two-decade high.
Gold hit a record high as hopes for Federal Reserve rate cuts grow and some traders ramped up bets on a second Donald Trump presidency.
Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.
President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords as he tries to show hes doing something about the high cost of housing, according to a person familiar with the plan.
inancial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, Chinas central bank-backed Financial News reported on Saturday, citing what it said were the views of industry sources and experts.
Underlying US inflation cooled in June to the slowest pace since 2021 on the back of a long-awaited slowdown in housing costs, sending the strongest signal yet that the Federal Reserve can soon cut interest rates.
