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 no rate vote or statement, and the details
Canada's dollar holds near 1.40 per US dollar as TD Securities argues labour market resilience is shielding the loonie ahead of Friday's July jobs reports. The Bank of Canada held rates at
Global food prices hit their highest level since January 2023 in July, driven by a 5.8 percent wheat surge amid Russian strikes on Ukraine's ports and heatwaves from the U.S. Plains to
US gross domestic product grew 1.5 percent in the second quarter of 2026, slowing from 2.1 percent in Q1, as the Iran-driven gasoline surge and swelling trade deficits offset temporary consumer spending
Saudi Arabia's economy shrank 4.8 percent in Q2 2026, its worst since COVID, as Hormuz disruptions crashed oil revenues by 24.7 percent year-on-year. The IMF projects a 5.5 percent rebound in 2027
The Conference Board's Consumer Confidence Index fell to 90.8 in July, down from 92.2 in June, as Americans grew more pessimistic about current business conditions and the six-month labor market outlook. The
Three Federal Reserve officials formally dissented for a rate hike at Tuesday's FOMC meeting — the first three-vote split in the same direction since 2016. With September hike odds now at 59
The US Treasury bought back $2 billion of long-dated bonds Tuesday, accepting $2B of $20B submitted while the Federal Reserve held rates steady. The 10:1 rejection ratio signals active debt management, not
The Conference Board's Consumer Confidence Index fell to 90.8 in July, down from 92.2 in June, as Americans grew more pessimistic about current business conditions and the six-month labor market outlook. The
The 30-year US Treasury yield hit its highest level since 2007 after the Fed held rates for a fifth straight meeting, as bond investors reprice long-term inflation expectations upward. The move raises
Three FOMC members broke ranks and formally called for a rate hike as the Fed held rates steady for a seventh straight meeting. The Dow fell 1,129 points in its worst session
Follow