Posts with tag: travel
India's central bank cuts interest rates for the first time in five years, while the government unveils historic tax cuts to address the country's slowing economy.
Published on: February 08, 2025, 08:00 AM UTC
Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump have agreed to leave foreign exchange-rate matters in the hands of their finance ministers.
Published on: February 08, 2025, 12:00 AM UTC
The "Trump trade" is faltering, with US stocks lagging and yields on 10-year Treasuries pulling back. Volatility has increased, testing the resolve of traders who have been buying the dip. Despite strong economic fundamentals, international trade concerns have contributed to the volatility, and investors are struggling to adjust to Trump's unpredictable policy making.
Published on: February 07, 2025, 11:01 PM UTC
January's jobs report shows unexpected resilience in the labor market, with a 4% unemployment rate, 0.5% wage growth, and revised higher monthly job gains. This suggests the Fed is unlikely to cut interest rates anytime soon, despite earlier projections of two cuts in 2025.
Published on: February 07, 2025, 10:02 PM UTC
US stocks fell Friday as investors weighed threats of more tariffs from the Trump administration and digested a jump in consumer inflation expectations. The S&P 500 and tech-heavy Nasdaq Composite finished lower, marking their second consecutive week of losses. The Dow Jones Industrial Average also dropped over 400 points, its worst daily performance in about four weeks.
Published on: February 07, 2025, 10:01 PM UTC
US Stocks Fall Amid Tariff Threats, Inflation Worries, and Mixed Jobs Data
Published on: February 07, 2025, 10:01 PM UTC
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Published on: February 07, 2025, 10:00 PM UTC
Chicago Fed President Austan Goolsbee says interest rates may be on hold now, but he sees them moving lower over the next 12-18 months. He believes the economy is on track to reach 2% inflation and that the Fed will need to determine which inflation is transitory and which is permanent.
Published on: February 07, 2025, 08:02 PM UTC
US stocks fell Friday as investors reacted to rising geopolitical tensions and disappointing economic data. The S&P 500 lost 0.84%, while the Nasdaq Composite declined 1.03%. The Dow Jones Industrial Average also fell 0.91%.
Published on: February 07, 2025, 07:02 PM UTC
Oil prices continue to decline for the third consecutive week due to US-China trade war concerns.
Published on: February 07, 2025, 07:02 PM UTC