BOE’s Chief Economist Sees Need for Rate Rise as War’s Course Remains Uncertain
The Bank of England should raise its key interest rate to limit the risk that inflation will stay above its
Economics
U.S. Services-Sector Activity Expanded Again in August
The Institute for Supply Management’s purchasing managers index for services providers was 55.4 in August compared with 54.1 in July.
U.S. Jobless Claims Ticked Back Up Last Week
U.S. jobless claims swung upward again somewhat last week but were generally flat as job creation slows. The number of
We’ll have to get used to ‘meh’ job reports. Plus, the yen rallies and global bonds stabilize. Read more in today’s Markets A.M. newsletter:
Plus, yen rallies and bonds stabilize. Source link
Capital Account: Under his “Donroe” doctrine, President Trump no longer treats Venezuela as sovereign. Canada fears the same treatment, @greg_ip writes.
Under his “Donroe” doctrine, President Trump no longer treats Venezuela as sovereign. Canada fears the same treatment. Source link
Global Bond Markets Take a Breather
U.S. and European government bond yields fell in early European trade, pulling away from multiyear highs, though the selloff might
Japanese Yen Strengthens Amid Intervention Chatter
The Japanese yen strengthened to a nearly one-month high against the dollar amid chatter that authorities could again intervene in
Bank of Canada Keeps Rate Steady, Warns Trade Conflict Could Upend Recovery
The central bank left its main interest rate unchanged at 2.25%, and said the escalating trade conflict between the U.S.
A jittery Treasury market and the prospect of Fed rate increases risk making life more expensive for already cost-pressured Americans
A jittery Treasury market and the prospect of Fed rate increases risk making life more expensive for already cost-pressured Americans.
Reserve Bank of New Zealand Delivers Further Rate Increase
RBNZ raised interest rates, warning that risks for higher inflation remain in play for the economy. Source link