The U.S. dollar edged lower Wednesday as investors adjusted their interest rate outlooks for the United States and the euro zoney
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Bond expert Tony Crescenzi on when the Fed will raise rates.
The dollar fell against the euro after U.S. housing starts plunged to their lowest level in more than 17 years in May, reducing the chance of an early Federal Reserve interest rate increase.
US producer prices rose by a larger-than-expected 1.4% in May after another jump in energy prices, but core inflation at the producer level moderated as forecast.
Britain's inflation rate rose in May to its highest since the Labour government came to power in 1997 but the Bank of England played down the risk of early interest rate rises by saying the path for rates was still "uncertain."
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.
The U.S. Federal Reserve does not appear to see a compelling case for raising interest rates before autumn unless the inflation outlook deteriorates considerably, the Wall Street Journal said on Tuesday.
The euro has been steadily gaining ground against the U.S. dollar over the past two years, up 22%. This week's Charting Asia takes a look at where the Euro/Dollar is heading.
Australia's central bank concluded that interest rates were high enough to cool the economy and restrain inflation, at its June policy meeting, minutes showed on Tuesday, though the board stood ready to tighten further should demand not slow as expected.
Robert Novak’s column today argues that Wall Street speculation over Fed rate hikes “appears to be dead wrong.” Novak says Fed head Ben Bernanke is more worried about spiking oil prices causing recession than he is about inflation.
The Federal Reserve can keep interest rates on hold for the moment but should not repeat past mistakes by leaving them too low for too long, a top Fed policy-maker said Monday.
The dollar fell versus the euro on Monday, snapping a three-day winning streak, as a jump in euro-zone annual inflation to a record high sealed the case for a European Central Bank interest rate hike next month.
With energy and food prices hitting record highs and house prices nearing record lows worldwide, where can investors find safety? Jason Forde, fund manager at Kepler Landsbanki has an outlook.
U.S. health care costs are likely to claim a bigger share of household spending in years to come, pressuring the government to absorb more health care costs, Federal Reserve Chairman Ben Bernanke said.
A gauge of manufacturing in New York state contracted in June for the fourth time in five months, the New York Federal Reserve said in a report on Monday that also painted a mixed picture on inflation.