The Federal Reserve held rates at 3.75% to 4% on a 10-2 vote, with Lisa Cook and Beth Hammack wanting a hike. Chairman Kevin Warsh then said one 2027 meeting will carry
The Dow fell 652.82 points on Friday, October 23, as Brent settled at $116.72 and selling spread beyond AI stocks. Technology recovered some ground, but losses elsewhere left all three major indexes
Asked when the administration would take responsibility for 3.7% inflation, Treasury Secretary Scott Bessent said "we will own the economy" and called the price surge an energy supply side shock. On gas
Vietnam signed a revised public debt strategy on Thursday that raises the external debt ceiling from 45 to 50 percent of GDP through 2030, a week after R&I rated it investment grade.
Retail and food services sales rose 0.8 percent in September, the Census Bureau said, but gasoline stations supplied about 71 percent of the dollar gain. Excluding them, sales rose 0.2 percent, and
Freddie Mac held the 30-year mortgage rate at 7.40 percent on Thursday, the highest since November 2023, ending seven straight weekly increases. A $400,000 loan now costs about $301 more a month
U.S. producer prices rose 1.3 percent in September, the largest monthly gain since March 2022, with wholesale gasoline up 20.3 percent against 9.1 percent in the consumer index. Fuel retailers' margins fell
South Korea's KOSPI fell 7.57 percent and Japan's Nikkei lost 4.9 percent as traders dumped chip and AI stocks, even after TSMC beat forecasts and Apple closed at a record. Whether rates
U.S. consumer prices rose 0.6 percent in September, and the Bureau of Labor Statistics says gasoline alone accounted for more than half of it. Core prices rose just 0.3 percent, which makes
Gold price today: spot gold rebounded 1.47% to about $4,194 an ounce on Friday, its first weekly gain in three weeks, with India rates and the Fed outlook in focus.
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