[ad_1] WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to … Read more
[ad_1] U.S. Treasury yields rise as investors weigh interest rate decisions ahead U.S. Treasury yields were higher on Tuesday as the Federal Reserve’s meeting is due to kick off and investors considered the outlook for interest rate decisions from central banks in major global economies that are expected this week. At 4:27 a.m. ET, the … Read more
[ad_1] Traders work the floor of the New York Stock Exchange. Getty Images U.S. stock futures were slightly higher Wednesday morning as investors looked toward the first potentially pivotal inflation report slated for release this week. Futures tied to the Dow Jones Industrial Average and S&P 500 futures both traded close to flatline points, whil … Read more
[ad_1] U.S. stock futures were little changed on Monday night after the major averages snapped a three-day decline. Dow Jones Industrial Average futures rose 4 points, or 0.01%. S&P 500 gained 0.02%, while the Nasdaq-100 futures added 0.04%. Investors are coming off a positive session for the major averages. On Monday, the Dow Jones Industrial … Read more
[ad_1] Traders on the floor of the NYSE, July 6, 2023. Source: NYSE Stocks ticked up Monday as Wall Street tried to recover from a losing week. The positive reversal came as investors prepared for a slate of inflation data later in the week and braced for the start of the second-quarter earnings season. The … Read more
[ad_1] Traders on the floor of the NYSE, June 29, 2023. Source: NYSE The Dow Jones Industrial Average inched lower Wednesday as Wall Street resumed a holiday-shortened week and looked to Federal Reserve meeting minutes coming in the afternoon. The 30-stock average lost 57 points, or 0.2%. The S&P 500 and Nasdaq Composite each shed … Read more
[ad_1] Ayhan Altun | Moment Open | Getty Images Turkey’s monthly inflation rate for June came in lower than expected, despite the continued collapse of the lira currency following the re-election of President Recep Tayyip Erdogan. Turkey’s consumer price index rose 3.92% month-on-month, official data showed Wednesday. The reading was lower than Reuters’ forecast of 4.84% … Read more
[ad_1] U.K. consumer prices across all items rose to 7.8% in May when compared to the previous year, the OECD said, up slightly from 7.8% in April. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. is the only country among the Group of Seven wealthy nations where inflation is still rising, … Read more
[ad_1] Factory activity in China in June contracted for a third month, official data released June 30, 2023 show. Weak China economic data in April and May have fanned calls for economic stimulus for the world’s second-largest economy. Future Publishing | Future Publishing | Getty Images China’s factory activity in June contracted for a third … Read more
[ad_1] Fresh PMI data came in below expectations and pointed to an economic slowdown. Bloomberg | Bloomberg | Getty Images Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday. The euro zone’s flash composite Purchasing Managers’ Index dropped to 50.3 in June … Read more