Currencies

Latest Trump move on Fed may have hit a tripwire, with a rally behind Powell

After years of berating Federal Reserve Chair Jerome Powell, President Donald Trump's administration may have hit a tripwire in launching a criminal probe of the 72-year-old former investment banker,...

Global central bankers defend Fed's Powell after Trump threat

STORY: Federal Reserve chair Jerome Powell received major support on Tuesday . The heads of many of the world's leading central banks issued a rare joint statement backing him. ...

Central bank chiefs, bank CEOs back Fed's Powell after Trump administration threat

Global central bank chiefs and top Wall Street bank CEOs lined up in support of Federal Reserve Chair Jerome Powell on Tuesday after the Trump administration threatened him with a criminal indictment,...

Fed's Williams says monetary policy well positioned amid a favorable outlook

Federal Reserve Bank of New York President John Williams said Monday he expects a healthy economy in 2026 and indicated he sees no near-term reason to cut interest rates. The...

Wall Street falls at open on worries over Fed autonomy

Wall Street's main indexes opened lower on Monday after the Trump administration renewed its attacks on the Federal Reserve, stoking fresh worries about the central bank's independence, while a...

How Trump's proposed cap on credit card rates could reshape consumer lending

A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, pressure bank profits...

Trump administration probe of Fed's Powell sparks pushback

The Trump administration's decision to open a criminal investigation into Fed Chair Jerome Powell drew condemnation from former Fed chiefs and a chorus of criticism from key members of Trump's...

Investors react as Trump-Fed feud escalates

Tensions between the White House and the U.S. central bank sharply escalated over the weekend, with Federal Reserve Chair Jerome Powell saying the administration had threatened him with a criminal...

Bessent: Goal of MBS buys is to match Fed run-off

U.S. Treasury Secretary Scott Bessent on Friday said the goal of the Trump administration's launch of mortgage-backed securities purchases is to roughly match the rate at which those bonds are rolling...

US factory headcount falling despite Trump's promised manufacturing boom

U.S. manufacturing jobs in December continued an eight-month skid that began last spring after President Donald Trump rolled out aggressive import taxes that he pledged would lead to a resurgence of...

Instant View: US job growth slows in December, backs Fed rate-cut pause this month

U.S. job growth slowed more than expected in December amid business caution about hiring because of import tariffs and rising artificial intelligence investment, but the unemployment rate dipped to...

US job growth stuck at stall speed in December; unemployment rate dips to 4.4%

U.S. employment growth slowed more than expected in December amid job losses in the construction, retail and manufacturing sectors, but a decline in the unemployment rate to 4.4% suggested the labor...

Canada job creation pauses after hiring surge, unemployment rate rises

Canada created just 8,200 net new jobs in December after three months of outsize gains and the unemployment rate rose to 6.8% from 6.5% as more people searched for work, Statistics Canada said on...

US stock futures subdued ahead of crucial jobs report, tariff ruling

U.S. stock index futures were muted on Friday, as investors refrained from placing big bets ahead of a crucial nonfarm payrolls report and a Supreme Court ruling on President Donald Trump's tariffs. ...

Canadian dollar hits one-month low as investors reduce risky bets

The Canadian dollar steadied near a one-month low against its U.S. counterpart on Thursday as the recent increase in geopolitical uncertainty weighed on commodity-linked currencies and investors...

Fed to cut rates slightly this year, CBO forecasts

The Federal Reserve will likely cut rates a little more to address downside risks to the labor market and then stop there, the Congressional Budget Office forecast on Thursday, with higher tariffs and...

Brazil full audit court to decide on inspection of documents in Banco Master liquidation

A judge on Brazil's federal audit court on Thursday agreed to a request from the central bank to submit for a plenary decision on whether the court should inspect central bank documents related to...

US December jobless rate likely at 4.6%, Chicago Fed says

The U.S. unemployment rate was unchanged at 4.6% in December, the Chicago Federal Reserve estimated on Thursday, a figure that suggests the labor market remained stuck in a low-hire, low-fire mode and...

Nestle infant formula recall widens to China, Brazil

Nestle's recall of some batches of infant nutrition products has widened beyond Europe to the Americas and Asia, including China and Brazil, a tally from the company and national health ministry...