European Central Bank holds rates and trims its inflation forecast
The European Central Bank on Thursday held interest rates steady for the second meeting in a row, as it revised…
Retail sales rose 0.3% in November vs. expectations for a decline
Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued…
Bank of England leaves policy unchanged, says rates to stay high for ‘extended period’
LONDON — The Bank of England on Thursday kept its main interest rate unchanged at 5.25% and said monetary policy…
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling to 2.4% in 2024. The…
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table…
Stocks making the biggest moves midday: Etsy, Pfizer, Tesla, Vertex Pharmaceuticals and more
Check out the companies making headlines in midday trading. Etsy — Etsy’s stock sank 2% after the e-commerce company said…
Wholesale prices held flat in November, providing another encouraging inflation signal
Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The…
