The late Shinzo Abe (L) and Sanae Takaichi (R) at a science and technology innovation conference in Tokyo on October 22, 2014. Toshifumi Kitamura | Afp | Getty Images For years, U.S. President Donald Trump has accused Japan of engaging in “unfair trade practices” — a criticism that dates back to his days as a…
India’s central bank kept its policy rate unchanged at 5.5% Wednesday, in line with the expectations of economists polled by Reuters, as it assessed the impact of earlier cuts. Inflation moderated significantly in the first quarter, but growth could decelerate in the second half of the financial year due to global trade uncertainties, said Sanjay…
Long-time market bull David Zervos is worried the Federal Reserve is overlooking how the artificial intelligence boom will impact the jobs market. “We could actually have a pretty strong growth economy. Your AI story… [is] something really pretty spectacular. But the job growth side of it is not nearly as comfortable as you would like…
The personal consumption expenditures price index for August was expected to increase 2.9% from a year ago. Source link
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters Federal Reserve Chair Jerome Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation,…
WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its…
Holiday decorations on display at a Costco in Princeton, N.J. Jessica Dickler | CNBC It’s barely the start of fall and yet, by some measures, the holiday season is in full swing. Seasonal décor items — including pre-lit Christmas trees, wreaths, wrapping paper and a popular nativity set — are already on display at my…
The 10-year U.S. Treasury yield fell to 4% Thursday, then snapped back as investors assessed the latest inflation data, as well as a jump in jobless claims. The yield on the benchmark 10-year Treasury was last unchanged at 4.032%, after falling to 4% earlier in the session. The 30-year Treasury yield meanwhile added more than…
Customers look over clothing items displayed on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The producer price index, a gauge of costs at the wholesale level in the U.S. economy, posted an unexpected 0.1% decline in August. Here’s what to know: For the third time this year,…
Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor Statistics report Wednesday. The producer price index, which measures input costs across a broad array of goods and services, fell 0.1% for the month,…
