Fed Holds Rates Steady, Signals More Rate Increases Ahead
The Federal Reserve held short-term interest rates steady Thursday and offered a mostly upbeat assessment of the economy's performance, suggesting another rate increase is likely at its next meeting.
U.S. Stocks Mixed Following Sharp Midterm Rally
U.S. stocks flipped between small gains and losses as investors continued to digest the results of the midterm elections that on Wednesday triggered the largest postelection gain for the S&P 500 since 1982.
ECB President Calls on Eurozone Nations to Cut Debt
European Central Bank President Mario Draghi urged eurozone governments to pay down their national debts to strengthen the currency bloc against potential economic shocks such as Brexit.
Oil Enters Bear Market With a 20% Drop From High
U.S. oil prices closed in bear-market territory Thursday, with prices declining for a ninth straight session on worries over rising U.S. crude oil inventories and concerns of a global supply surplus that could overwhelm demand.
Swiss Central Bank Unlikely to Raise Rates Soon
Switzerland's central bank is unlikely to raise interest rates in the near term despite a healthy economy, a top official from the Swiss National Bank said.
U.S. Jobless Claims Edged Lower Last Week
The number of Americans filing applications for new unemployment benefits fell last week, the latest sign of a historically tight labor market.
Banks' Answer to Volatile Italian Debt: Accounting Changes
Italian banks are building defenses against their government's budgetary game of chicken with markets and the European Union's financial police.
Eurozone Economy Seen Cooling as Risks Mount
The eurozone economy will cool over 2018 and the coming years as global demand for its exports wanes, with a sharper slowdown possible if the U.S. economy overheats or trade tussles escalate.
Mexican Inflation Slowed Modestly in October
Mexico's consumer-price inflation eased slightly in October, but it may not keep the Bank of Mexico from raising interest rates at its Nov. 15 meeting following a recent weakening of the peso and rise in local debt yields.
Turkey Bond Issue Signals Brighter Outlook for Stricken Economy
Turkey raised $1.72 billion from international investors, a sign that its economy has partly recovered from a severe currency storm this summer, but analysts are growing concerned that the respite will be short-lived amid unbridled inflation.