Currencies

Major brokerages pivot to Sept Fed rate cut on Powell's labor warning

Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson...

Dollar rebounds from slump spurred by Powell's dovish surprise

NEW YORK -The dollar advanced against major currencies on Monday, bouncing from a steep fall last week that followed remarks from Federal Reserve Chair Jerome Powell that boosted expectations for a...

Fed's Powell opens door to September easing

NEW YORK -U.S. Federal Reserve Chair Jerome Powell on Friday pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to it in remarks that walked a...

Fed's Powell says monetary policy framework back on more traditional footing

Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework more oriented toward traditional efforts of promoting price stability, supplanting what had been a troubled...

Powell says Fed may need to cut rates, will proceed carefully

JACKSON HOLE, Wyoming -Federal Reserve Chair Jerome Powell on Friday signaled a possible interest rate cut at the U.S. central bank's meeting next month, saying that risks to the job market were...

New Zealand's central bank may cut interest rates twice more this year to 2.50%

BENGALURU -New Zealand's central bank will likely cut its key interest rate twice more this year, taking it to 2.50%, according to a majority of economists polled by Reuters following the latest...

Investors see risks for market as Powell walks tightrope at Jackson Hole

NEW YORK -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to...

China suspends Argentine poultry imports five months after ban lifted

BEIJING -China has suspended imports of Argentine poultry products from August 20, just five months after lifting a two-year ban. The ban came after the Argentine government temporarily...

DAX Expected to Open Little Changed as Markets Await Jackson Hole Signals

In anticipation of key interest rate signals from the United States, the DAX is expected to start Thursday's session with little movement, according to calculations by banks and brokerage houses. On...

Dollar gains before key Powell speech at Jackson Hole on Friday

NEW YORK -The dollar gained on Thursday before a highly anticipated speech by Federal Reserve Chair Jerome Powell on Friday will be evaluated for any new clues on whether the U.S. central bank is...

BOJ chief's dogged caution tempers board's hawkish instincts

TOKYO -In 2024, Kazuo Ueda delivered Japan's first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of ultra-loose monetary settings - now, the Bank of...

US tech-stock stumble shows vulnerability in AI trade

NEW YORK -U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away...

Exclusive-Judge in US crosshairs warns Brazil banks not to apply sanctions locally

BRASILIA -Brazilian Supreme Court Justice Alexandre de Moraes, who recently had sanctions imposed on him by the U.S. government, told Reuters that courts could punish Brazilian financial institutions...

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...

European Stock Markets Weaken as Investors Eye US Rates and Ukraine

No new record highs were set on the German stock market on Wednesday morning, with the DAX slipping 0.4 percent to 24,330 points. The DAX remains stuck in its sideways phase since June, always with...

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...