The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
Resident "Fast Money" crypto expert Brian Kelly breaks down the major differences between bitcoin and Facebook's new cryptocurrency Libra.Fast Moneyread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
For those who want more power, the new Gran Coupe comes with a brutish, 523-horsepower twin-turbo V-8.Autosread more
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
Japan's core consumer prices rose 0.9 % in April from a year earlier, accelerating slightly from the previous month but remaining distant from the central bank's 2% target, underscoring the challenges it faces in ending deflation.
The data adds to worries for policymakers concerned about the damage escalating U.S.-China trade tensions could have on the export-reliant economy.
The increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, matched a median market forecast and followed a 0.8 percent gain in March.
The so-called core-core CPI, which strips away the effects of volatile food and energy costs and is the main policy focus for the central bank, rose 0.6% in April, government data showed on Friday. It was the biggest increase since June 2016.
Japan's economy grew at an annualized 2.1% in the first quarter, defying forecasts for a contraction due to net contributions from exports.
But the expansion was overshadowed by weaknesses in capital expenditure and private consumption, casting doubt over the BOJ's argument that robust domestic demand will moderate the pain from slowing global demand.
Weak consumption would hamper the BOJ's attempts to boost inflation as companies would be discouraged from raising prices for fear of scaring away cost-sensitive shoppers.
Years of heavy money printing have failed to drive up inflation to the BOJ's elusive 2% target, forcing the central bank to sustain a massive stimulus despite the damage ultra-low interest rates is inflicting on financial institutions' profits.