Currencies

Fed's Powell strikes middle path on inflation, jobs, as others take sides

WASHINGTON -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation and a weakening job market in coming interest...

Bank of Canada head expresses concern about Trump's Fed actions

OTTAWA -Bank of Canada Governor Tiff Macklem on Tuesday expressed concern about President Donald Trump's attempts to pressure the U.S. Federal Reserve, saying his actions had started to hit financial...

Fed's Powell: Repeats no risk-free path as Fed balances job, inflation risks

WASHINGTON -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a challenging situation with an ongoing risk of faster-than-expected inflation at the same time that weak...

Fed's Bostic says inflation risks still present in US economy

Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday inflation risks are still in play in the U.S. economy, although he noted that thus far President Donald Trump's import tax hikes...

US business activity cools further, no widespread price increases

WASHINGTON -U.S. business activity slowed for a second straight month in September, and though firms complained about tariffs increasing costs they were not raising prices for their goods and...

European Investors Trail Behind Wall Street Rally

The surge in stock prices on Wall Street has failed to ignite similar enthusiasm among investors in European equity markets. While U.S. indices continue to break record after record, Germany's DAX...

Full impact of U.S. tariff shock yet to come as growth holds up, OECD says

PARIS -Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support...

UN aviation gathering opens under shadow of cyberattacks, geopolitical tensions

A global gathering of aviation leaders that kicked off on Tuesday in Montreal faced U.S. criticism over its green focus, even as delegates confront high tech threats, pollution from rising numbers of...

Fed's Hammack still focused on inflation, calls for caution in easing policy

The Federal Reserve needs to be very cautious in removing restrictive monetary policy with inflation still above the central bank's 2% target and remaining persistent, Cleveland Fed President Beth...

Ukrainian Railways plans freight tariff increase to tackle debt

KYIV -State-owned Ukrainian Railways has prepared a recovery plan that includes raising freight tariffs to help control its debt amid intensified Russian attacks and falling cargo deliveries, CEO...

Miran defends low-rate view as colleagues caution on further cuts

WASHINGTON -New Federal Reserve Governor Stephen Miran said on Monday that the Fed is misreading how tight it has set monetary policy and will put the job market at risk without aggressive rate cuts,...

Fed's Musalem says limited room for further rate cuts

WASHINGTON -St. Louis Federal Reserve President Alberto Musalem said on Monday he supported the rate cut at last week's Fed meeting as a precautionary move to protect the job market, but said there...

US ready to support Argentina with 'large and forceful' action, Treasury chief says

WASHINGTON -U.S. Treasury Secretary Scott Bessent on Monday said that all options were on the table for stabilizing Argentina, including swap lines and direct currency purchases, while underscoring...

India's trade minister to visit US on September 22 for talks

India's Trade Minister Piyush Goyal will visit Washington on September 22 to accelerate talks on a long-pending trade deal, following recent progress in negotiations resumed last week. ...

Brazil leather price slumps, challenging $1.25 billion export industry

Brazilian leather prices have fallen sharply over the last decade or so, threatening jobs and weakening the national industry against global competitors, according to data compiled by Durli Leathers,...

Global equity funds see a surge in weekly outflows

Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve...

Central bank bonanza

Check out what ROI Editor-in-Charge Anna Szymanski and the rest of the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning...

Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

President Donald Trump's administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook - a move without precedent since the central...

US weekly jobless claims reverse prior surge, labor market still softening

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump, but the labor market has softened as both the demand for and supply of...