Why the U.S. stepped in after decades to prop up Japan's yen — and what's at stake
Washington’s decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention. Source link
Economy
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Fed officials who voted to hike rates say action is needed now against inflation
Beth Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025. Desiree Rios | Bloomberg | Getty Images Federal Reserve officials who voted this week against the decision to hold interest rates…
These Fed alternative indicators show inflation is at lowest in years
People shop for groceries at a store in Brooklyn on July 13, 2026 in New York City. Spencer Platt | Getty Images Pricing data from June indicated that outside of some select items where costs continue to grow, inflation is trending back towards the Federal Reserve’s inflation goal. So-called trimmed mean measures, which exclude outliers…
Top investment ideas as interest rate uncertainty grips market
Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise. The bottom line: Focus exposure on short-term Treasurys over long duration. Wise, the firm’s head of global macro strategy and a senior portfolio manager, sees the strategy as part of a diversified…
China’s factory activity unexpectedly contracts in July, ending 4-month expansion streak
LIUZHOU, CHINA – JULY 25: Robotic arms assemble auto parts at the workshop of Guangxi Liuzhou Zhuotong Auto Parts Co., Ltd. on July 25, 2026 in Liuzhou, Guangxi Zhuang Autonomous Region of China. He Huawen | Visual China Group | Getty Images China’s factory activity unexpectedly contracted in July, snapping four straight months of expansion…
U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
The personal consumption expenditures price index was expected to rise 3.7% from a year ago on headline and 3.3% on core, according to the Dow Jones consensus. Also, gross domestic product was projected to increase at a 1.8% annualized rate. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on…
a divided Fed holds interest rates steady
U.S. Treasury yields continued their upward climb on Thursday as investors weighed the Federal Reserve’s decision to hold interest rates steady and sought insight on future monetary policy decisions. At 3:20 a.m. ET, the 30-year Treasury bond had risen more than 9 basis points to 5.236% after hitting its highest level since July 2007 on…
Divided Fed holds interest rates steady
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady but not without opposition from three officials who have expressed concern over inflation and wanted to hike. Despite increasing support among some officials for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate…
SK Hynix plunges as semiconductor selloff deepens; Samsung, Softbank
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images South Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers after another weak session on Wall Street. SK Hynix plunged more than 10%, while Samsung Electronics fell over 8%….
Trump backs ‘fantastic’ Warsh; calls for lower rates; cites others’ ‘bad intentions’
US President Donald Trump during an announcement in the Oval Office of the White House in Washington, DC, US, on Friday, July 24, 2026. Bonnie Cash | Bloomberg | Getty Images President Donald Trump on Monday voiced support for Federal Reserve Chairman Kevin Warsh while insisting that the U.S. should have the lowest interest rates…