On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the
The prospect of a war between Iran and Israel is believed to have affected Bangladesh’s capital market. Due to the disruption of import trade in the country, triggered by the Russia-Ukraine war, the profits of most of the listed companies had already decreased during this economic recession, and this time, it has also spread fear in the capital market. Market analysts say there is no direct trade with Iran in Bangladesh. As a result, listed companies are less likely to…
Bond yields rose to fresh highs for the year as the prospects for multiple rate cuts in 2024 faded following data showing inflation picking up steam.
Foreign holdings of U.S. Treasuries surged to a record in February, its fifth straight monthly rise, Treasury Department data released on Wednesday showed. Holdings totaled $7.965 trillion, up from a revised $7.945 trillion in January. Treasuries owned by foreigners rose 8.7% from a year earlier.
Stock market today: Dow snaps 6-day losing streak, Powell warns on inflation
US Deficit Tops $1.1 Trillion For First Six Months Of Fiscal 2024 As Spending Hits 2024 High It's oddly fitting that in a time when the interest on US debt just hit a record $1.1 trillion, that the US deficit for just the first six months of fiscal 2024 is also $1.1 trillion. According to the latest Treasury Monthly Statement, in March the US deficit hit $236 billion, some $40 billion more than the $196 billion expected, if below February's $296 billion which was the result of...
Equities retreated after inflation data called the Fed's rate-cut plans into question.
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
US stocks searched for direction on Tuesday as the Dow looked to snap a
Gen. Kurilla expected to meet with Israeli Defense Minister Yoav Gallant. Iran threatening retaliation for an attack on its embassy in Damascus, Syria. Netanyahu reiterates it will respond to an attack by Iran
WASHINGTON >> Federal Reserve Chair Jerome Powell cautioned today that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen’s decline and awaited US inflation data later on Wednesday for clues to future interest rate moves. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent, after US stocks ended the previous session with […]