Currencies

Bank of Canada expects to release baseline projections for economy, inflation in October - minutes of meeting

The Bank of Canada expects to release baseline projections for the economy and inflation with its monetary policy report in October, its summary of deliberations released on Wednesday showed. ...

Canadian manufacturing PMI falls in September as downturn deepens

TORONTO -Canada's manufacturing sector contracted at a steeper pace in September as an uncertain trading environment weighed on production and new orders, data showed on Wednesday. The...

The global race for free trade agreements since Trump's return

BRUSSELS -U.S. President Donald Trump's tariffs have unleashed an unprecedented burst of free trade agreements and negotiations towards them by partners seeking to offset potential lost exports to...

Washington goes dark

A look at the day ahead in European and global markets from Stella Qiu And just like that the U.S. government has entered its 15th shutdown since 1981 and the second under President...

Fed's Logan: US may need more slack in job market to hit 2% inflation

WASHINGTON -The U.S. labor market likely needs to weaken further for the Federal Reserve to achieve its 2% inflation target, as prices are rising even faster without factoring in the impact of new...

Fed's Collins cautions against aggressive rate cuts given inflation issues

NEW YORK -Federal Reserve Bank of Boston President Susan Collins said on Tuesday that her outlook for monetary policy is consistent with the gradual path of easing shown in the latest central bank...

Fed's Collins notes openness to cutting rates again,  depending on data

NEW YORK -Federal Reserve Bank of Boston President Susan Collins said on Tuesday that she's open to more interest rate cuts amid expectations price pressures will start to wane sometime next year. ...

Foreign bank cash decline lifts fed funds rate ahead of quarter-end

NEW YORK -The effective federal funds rate - the interest banks charge each other for overnight loans to meet reserve requirements - rose unexpectedly last week ahead of quarter end, mainly on the...

Fed's Musalem: Open to further cuts but must be cautious

WASHINGTON -St. Louis Federal Reserve President Alberto Musalem said he was open to further interest rate cuts but the Fed must be cautious and keep rates high enough to continue to lean against...

Fed's Williams: Recent rate cut aimed at bolstering job market

Federal Reserve Bank of New York President John Williams said on Monday that emerging signs of weakness in the labor market drove his support for cutting interest rates at the most recent central...

US pending home sales rebound in August amid low mortgage rates

WASHINGTON -Sales of previously owned U.S. homes increased solidly in August as lower mortgage rates pulled buyers back into the market, though a softening labor market could curb further gains. ...

Brazil bank lending slows further in August as tight monetary policy bites

BRASILIA -Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America's largest economy. ...

Shutdown showdown

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Buoyant world stock markets seem oblivious to the possibility that the...

Fed's Miran sees Trump economic overhaul driving down rates, others see a risky bet

WASHINGTON -New Federal Reserve Governor Stephen Miran's call for big interest rate cuts is based on faith that President Donald Trump's economic plans will quickly lower the rate of interest that...

Dollar falls ahead of data releases, risk of US government shutdown looms

SINGAPORE -The dollar eased on Monday ahead of a slew of U.S. economic releases that could provide further clarity on the Federal Reserve's rate path, while the growing risk of a U.S. government...

BOJ board's hawkish flex lowers bar for an October rate hike

TOKYO -A hawkish board split at the Bank of Japan's policy meeting this month has increased pressure on its dovish governor Kazuo Ueda to move faster on interest rate hikes, raising the prospect the...

US dollar at risk if Trump can sway Fed to more dovish stance, says PGIM exec

NEW YORK -The risk that pressure from U.S. President Donald Trump could shift the Federal Reserve to an overly dovish stance is the main near-term concern for the U.S. dollar, said a senior executive...

Fed's Miran math may overstate the impact of immigration on inflation

An economist whose research provided a foundation for Federal Reserve Governor Stephen Miran's argument that President Donald Trump's immigration crackdown will slow inflation by cutting demand for...

Solid US consumer spending in August underscores economy's resilience

WASHINGTON -U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, keeping the economy on solid ground as the third quarter progressed,...