U.S. Treasury Secretary Janet Yellen has barely made any public comment on the dollar's exchange rate since she assumed office in January last year, but she may have to find her voice soon.
Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S.
Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers.
In volatile currency markets, one trade stands out as an easy bet: selling the British pound.
The Bank of Israel will likely raise short-term interest rates by a quarter-point next week to rein in rising inflation, partly caused by low unemployment and strong economic growth.
Canada's annual inflation rate ticked up again in April, official data showed on Wednesday, exceeding analyst expectations and upping the pressure on the central bank to raise interest rates to keep price expectations in check.
Canada's annual inflation rate rose faster than expected in April, official data showed on Wednesday, and analysts warned soaring used-car and gasoline prices could stoke the trend, raising pressure on the central bank to tighten policy quickly.
Canada's annual inflation rate accelerated again in April, edging ahead of analyst expectations, largely driven by rising food and shelter prices, Statistics Canada data showed on Wednesday.
Assets under management held by global fixed income exchange traded funds are expected to triple to $5 trillion by 2030, according to the world's largest asset manager, BlackRock.
Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S.
U.S. stock indexes fell on Wednesday as a rally in growth shares faded and Target slumped after the retailer became the latest victim of surging prices.
Wall Street tumbled on Wednesday, with Target losing a quarter of its stock market value and highlighting worries about the U.S.
The European Central Bank will likely start raising interest rates shortly after ending its bond-buying programme early in the third quarter, with the potential for further hikes in coming quarters, policymaker Pablo Hernandez de Cos said.
Britain's pound fell against the dollar on Wednesday, pulling away from almost two-week highs after data showing British inflation rising to a 40-year record raised concerns about a sharp economic slowdown given the pain inflicted on consumers.
Pakistan opened much delayed talks with the International Monetary Fund (IMF) on Wednesday to resume a seventh review of the $6 billion rescue package agreed in 2019.
Pakistan opened long-delayed talks with the International Monetary Fund on Wednesday, seeking the release of more funds from a $6 billion rescue package agreed in 2019 to help shore up the South Asian nation's battered economy.
British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help for households and the Bank of England to keep raising interest rates despite a risk of recession.
British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Asia's stock markets eked out their fourth straight session of gains on Wednesday, but the recent rally lost momentum as nagging doubts about inflation and the drag from rate rises overshadowed bits and pieces of good news about the global growth outlook.
A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed.
A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed.
Global stocks tanked and the dollar strengthened on Wednesday as concerns about economic growth and rising inflation soured sentiment.
Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures.
Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew.
Oil prices were stable on Wednesday as supply concerns and expectations that easing COVID-19 restrictions in China will boost demand eased losses from the previous session.
Japan's economy shrank for the first time in two quarters in the January-March period as COVID-19 curbs hit the service sector and surging commodity prices created new pressures, raising concerns about a protracted downturn.
Chicago Federal Reserve Bank President Charles Evans on Tuesday said he supports an initial burst of monetary policy tightening, and then a more "measured" pace of rate hikes to allow time to assess inflation and the impact of higher borrowing costs on the job market.
Shares in consumer discretionary and staples stocks were trading in opposite directions on Tuesday as encouraging retail sales data was countered by disappointing earnings and financial targets from Walmart, which blamed high inflation.
European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board to speak less and set aside more time for debate, sources familiar with the process said.
European Central Bank President Christine Lagarde has given national central bank chiefs a bigger say in policy meetings, asking her own board to speak less and set aside more time for debate, sources familiar with the process said.
