BENGALURU, May 27- Gold slipped to its lowest in eight weeks on Friday, and was on track for its biggest weekly decline in nine, as expectations of a U.S. interest rate hike in two months on positive economic data hurt investor appetite. Spot gold was up 0.1 percent at $1,221.45 an ounce by 0624 GMT, after falling as low as $1,211.30 earlier in the session, the lowest... » Read More
The first nonfarm payroll report of the year could bring some relief to the market if payrolls rise as expected. But seasonal factors bringing more volatility than usual make the report particularly hard to handicap.
The dollar edged higher against the euro Thursday, as dealers cut bets against the U.S. currency a day ahead of the U.S. jobs report for January that may shed light on how close the economy is to recession.
Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
Euro zone inflation hit an all-time high in January and economic sentiment plunged to two-year lows, data showed on Thursday, underlining the European Central Bank's monetary policy dilemma.
Starbucks posted 2 percent higher profit, barely beating estimates, as the coffee seller scrambles to revivify its once-rapid growth and grapples with weaker U.S. consumer spending and rising food prices.
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The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.
A stock rally fueled by the Fed's latest interest rate cut lost momentum in the final hour after CNBC reported that two big bond insurers could be downgraded as early as today.
The dollar fell sharply against the euro on Wednesday after the Federal Reserve slashed benchmark interest rates by 50 basis points and said downside risks remain for growth.
The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.
The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing effort to bolster the economy.
Though there’s been much debate over how much the Fed should cut rates, the central bank's statement may be more important to the Fed’s credibility and market expectations.
Inflation worries continue. If the comments from companies during the last three days is any indication, Americans will be spending significantly more for food in the near future, due to significantly higher costs for corn, soybeans, sugar, and cocoa.
U.S. economic growth skidded to a five-year low of 0.6% in the fourth quarter, reflecting the toll a slumping housing sector has taken on the national economy.
Bank of England Governor Mervyn King won a second term as head of Britain's central bank, the Treasury said on Wednesday, ending months of speculation that he was out of favour because of the run on Northern Rock bank.
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Critics of many stripes think Bernanke is doing a poor job, whether it is lowering interest rates for the wrong reasons or keeping them too high for too long.
The dollar edged up against the euro and yen Tuesday after a mixed bag of U.S. economic data led dealers to trim their bets against the currency ahead of Wednesday's policy decision by the Federal Reserve.
U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.