Kevin Warsh becomes head of the central bank as rising inflation and climbing bond yields challenge Trump’s desire for interest-rate cuts. Source link
Category: Economy
Fed’s Waller: Inflation Risks Mean Fed Should No Longer Signal Cuts
Christopher Waller said holding rates steady will likely be the right course for the foreseeable future, and he can no longer rule out rate hikes […]
Markets have gotten used to dismissing consumers’ fears about the economy like a tantrum. They should listen more carefully this time around. Read more in WSJ Markets A.M.:
Plus, what was behind a viral Swatch collaboration and how Iran used Binance to fund its regime Source link
World Trade Grew Strongly at Start of Year on AI Boom
World trade flows continued to increase at a rapid pace in the first three months of the year, boosted by the boom in AI-related investment. […]
German Business Confidence Edges Higher Though War Concerns Still Weigh
Sentiment rebounded marginally this month, though remained near multiyear lows, as companies adapted to the energy shock prompted by the closure of the Strait of […]
German Consumer Sentiment Bounces Back From Low Level
Consumer confidence in Germany improved a little on the back of a recovery in income expectations, but the impact of the war in Iran was […]
Japan Inflation Slows But Mideast Risks Keep Rate Hike on Table
While many companies raised prices of goods and services at the start of the new fiscal year, gasoline and education subsidies helped curb inflation. Source […]
U.S Jobless Claims Fell Last Week
U.S. jobless claims fell last week, another sign the labor market remains stable despite economic uncertainty from the war in Iran. Source link
The new Fed chair’s framework has been consistent for two decades. The question now is how much of it his colleagues will accept
The new Fed chair’s framework has been consistent for two decades. The question now is how much of it his colleagues will accept. Source link
Mortgage rates this week rose to the highest level since August, more bad news for home shoppers during what is usually the busiest time of the year for home sales
The 30-year mortgage rate increased to 6.51% this week and looks poised to keep rising. Source link