Tag: Breaking News: Economy
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Trump bemoans Fed interest rate policy, says U.S. should be paying much less
As he has done in the past, Trump accused Fed officials of having political motives.
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Bessent moves to curb Treasury yields, putting new pressure on Warsh’s Fed
Treasury’s move to buy back more long-term debt cooled a bond selloff, but economists warn it could raise new inflation and independence questions for the Fed
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Fed officials saw need for rate hike if inflation doesn’t cool, minutes show
The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
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Trump, Carney reportedly in talks ahead of new 50% tariffs on Canadian goods
Trump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts.
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Stocks making the biggest moves midday: Meta, Amylyx, Baidu, Klarna, Coherent, Sandisk & more
Here are some of the companies making headlines in midday trading.
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Treasury yields rise as oil gains and U.S.-Iran tensions fuel inflation fears
Tuesday saw yields on U.S. 30-year Treasury yields add over 1 basis point to trade at around 5.322%, hovering just below its highest level since 2002.
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Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict
The attack caused damage to the engine room and resulted in a crew casualty, UKMTO said, adding that the remaining crew were being assisted by the Omani Coast Guard.
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Treasury yields edge lower as investors look ahead to latest FOMC minutes
Treasury yields fell as traders awaited the latest FOMC minutes due later this week.
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Stocks making the biggest moves midday: Sandisk, Applied Materials, AeroVironment, Cisco Systems, Reddit & more
Here are some of the companies making headlines in midday trading.
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Housing investors say this is their worst market in at least 3 years
Mortgage rates hit a recent low at the end of February but rose sharply at the start of the war with Iran. They are now at their highest level in over a year.
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