Tag: breaking news
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New York Fed’s Williams says yield surge due to strong economic prospects
The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.
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Private payrolls rose by 38,000 in August, fewer than expected, ADP reports
Though job creation held positive, August was the smallest gain since January and reflective of a broader slowdown in the labor market.
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China’s Xi keeps Iranian president at arm’s length weeks ahead of Trump summit
China’s Xi gave Iran’s Pezeshkian a brief, low-profile audience at the SCO summit, as Beijing seeks to avoid appearing close to Tehran ahead of a high-stakes summit with Trump.
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Fed Governor Barr says he’ll support rate hike if inflation doesn’t ease
The policymaker said he’s concerned about “broader price pressures taking hold” as inflation has prevailed above the Fed’s 2% target
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Fed Chairman Warsh expresses concern about inflation trend, while advocating for ‘quieter’ central bank: Watch live
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
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DeepSeek looks for fresh capital as founder’s quant empire navigates China’s choppy IPO market
High-Flyer Quant, which bankrolled DeepSeek, has come to the fore, making a push into new listings as it chases returns in China’s red-hot IPO market.
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Fed’s Hammack says ‘now is the time to act’ on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
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Kansas City Fed’s Schmid says inflation ‘stubborn’ and ‘sticky,’ policy rate not restrictive
The policymaker stopped just short of calling for an interest rate hike.
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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Temasek-backed investor behind Unitree pitches Singapore as Chinese robots’ path to U.S.
As Washington shuts out Chinese robotics, a Temasek-backed VC bets that startups with genuine development in the city-state can still reach American buyers.
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