South Korea's annual producer inflation climbed to a fresh 10-year high in July, suggesting consumer prices may rise further, but analysts said a peak could be nearing with falling oil prices.
The dollar index rose to a 5-1/2-month high Thursday after a surprise rise in the U.S. pending home sales index for June.
The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.
The Bank of England held interest rates steady at 5 percent Thursday, as widely expected, as opposing concerns of rising inflation and slowing economic growth left policy makers without clear direction.
Australian employment rose by more than expected in July, driven by a surprise surge in full-time positions which, while not barring an early easing in interest rates, tempered speculation about a series of aggressive cuts.
Yesterday’s Federal Reserve policy statement not only failed to defend King Dollar, it actually shifted on balance to a more dovish position. The FOMC looks like it’s more worried about the economy than it was a month ago and less worried about inflation in the wake of plunging oil prices.
The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?
The dollar extended gains and rose 1 percent versus the Japanese yen on Wednesday as crude prices declined further and U.S. stocks eased some of their losses.
Bond experts discuss the Fed's rate decision and an analyst feels optimistic about Cisco's earnings numbers. Following are today's top videos:
What you think of today’s statement by the Federal Reserve depends a lot on what you thought before the announcement. Those who believed the Fed was on course to tighten in the fall see the statement as dovish; those who thought that was unlikely see the statement as either neutral or even hawkish. I’m in the camp who believes this statement was neutral as to the outlook for policy changes.
The Dow took the Fed ball and ran with it, crossing the finish line with a gain of more than 330 points.
The dollar trimmed gains against the euro and yen Tuesday after the Federal Reserve kept benchmark interest rates unchanged at 2 percent, as expected and said risks remain to U.S. economic growth.
The Dow got a pop of relief after the Fed announced plans to hold rates steady and said inflation should moderate.
The recent pullback in commodity prices—particularly oil—may moderate inflation in the coming months, providing some relief for consumers, stocks and the Fed.
Below is the statement released by the Federal Open Market Committee after its Aug. 5 meeting on interest rate policy:
The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
Stocks rallied unusually sharply for a Fed-meeting day, buoyed by oil's drop below $120 a barrel and a better-than-expected report on the services sector.
Stocks jumped after a report showed a better-than-expected improvement in the service sector last month. The market had already been buoyed by falling oil prices and confidence that the Federal Reserve won't deliver any surprise surprise rate moves.
Oil prices hit a three-month low of $118 a barrel on Tuesday, prompting some analysts to say oil's six-year rally has run its course—but only for now.
Stock index futures pointed to a solid rise at the start of trading Tuesday, with sentiment buoyed by falling oil prices and confidence the Federal Reserve won't surprise the Street with any rate moves at its afternoon meeting.