Analysis: Currencies

Trump calls on Fed Governor Cook to resign over mortgage allegations

WASHINGTON -President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in...

Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show

WASHINGTON -The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other...

BOJ governor Ueda to travel to Jackson Hole for Fed conference

TOKYO -Bank of Japan Governor Kazuo Ueda will travel to Jackson Hole from Thursday to join the U.S. Fed's annual conference in Wyoming, the Japanese central bank said on Wednesday. ...

Trading Day: Tech it down a notch

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wall Street slumped on Tuesday,...

Fed's Bowman suggests allowing central bank staff to own small amounts of crypto products

WASHINGTON -The Federal Reserve's top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better...

Currencies: A week of tension

Despite news about US inflation, the major currency crosses have changed little over the past week. However, things could change quickly with the meeting between the US president and European leaders...

US housing starts tick higher in July, led by apartment construction

Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as high mortgage rates and economic uncertainty continued to hamper home purchases,...

Brazil challenges legitimacy of US trade probe, urges dialogue

BRASILIA/SAO PAULO -Brazil submitted its formal response to a U.S. trade investigation on Monday, rejecting the allegations while challenging the legitimacy of the probe itself. While...

Trading Day: Muted Monday, eyes on Trump summitry

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Many world markets took a breather on...

Chinese firms in legal battle over Brazil food delivery

SAO PAULO -A Brazilian subsidiary of China's ride-hailing company DiDi Global sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according...

What US stagflation risks mean for world markets

LONDON -The spectre of U.S. stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs could wreak on growth and inflation in the...

Fed's Daly: Two rate cuts, more or less, appropriate this year

San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing stronger-than-expected retail sales and an unexpected jump in wholesale prices last month,...

US Fed to cut rates in September and once more this year, say most economists

BENGALURU -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid...

Fed Chair Powell to speak Aug 22 amid speculation on rate cuts, replacement

Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in...

Hot wholesale prices data puts wrinkle in Fed's rate-cut roadmap

A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next...

Instant View: US producer prices surge more than expected

NEW YORK -U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead. The...

US producer inflation heats up as goods, services prices soar

WASHINGTON -U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent, posing a dilemma...

Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026

NEW YORK -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. This...

Trading Day: Is the only Fed doubt now a 25 or 50 bps cut?

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stocks rose around the world on...