Currencies

US demand for China-made goods ebbs on tariff worries; ocean shipping rates drop

LOS ANGELES -Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed...

Market bets on a more dovish Fed as Trump eyes Powell's replacement

NEW YORK -The gulf between where the Federal Reserve projects interest rates will be by the end of 2026 and the more aggressive cutting financial markets expect by then is partly due to the...

Fed's Collins: not enough data by July to decide on a rate cut

Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates. We're only going to have really one more...

Fed's Barr says banks must manage climate risk

Federal Reserve Governor Michael Barr on Thursday said the U.S. central bank needs to ensure that banks are measuring and managing climate-related risk as they do other risks. I think...

Fed rate cut in July? Inside the US central bank, few takers

President Donald Trump says that tame inflation means the Federal Reserve should already be reducing its policy rate, but inside the U.S. central bank the idea has little traction, with only two Fed...

US labor market softening as more people remain on unemployment rolls

WASHINGTON -The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an...

DAX Opens Higher as Powell Succession Debate Takes Center Stage

The DAX kicked off Thursday's trading session in positive territory. Germany's benchmark index advanced by 0.6 percent to reach 23,630 points. The ceasefire between Iran and Israel is holding, and...

DAX Expected to Open Higher

According to calculations by banks and brokerage houses, the DAX is set to open higher on Thursday. On Wednesday, the index closed 0.6 percent lower at 23,498 points, as initial relief over the...

Foreigners turn net sellers of Japan stocks for first week in 12

Foreigners divested Japanese stock for the first time in 12 weeks in the week through June 21 on caution over the Israel-Iran conflict and its impact on Japanese oil imports and inflation. ...

New home sales fall to seven-month low in May; supply increases

WASHINGTON -Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply of unsold...

Fed's Powell cautions against ending Fed power to pay interest on reserves

NEW YORK -Federal Reserve Chairman Jerome Powell said Wednesday any move to strip the central bank of its power to pay interest on reserves would be difficult and take a long time to implement.  ...

JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025

NEW YORK -U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this...

Powell says Fed needs to manage against risk that tariff inflation proves persistent

WASHINGTON -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be...

Fed's Williams sees slower growth, higher inflation this year on tariffs, uncertainty

ALBANY -Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that suggested he is in no rush...

Powell repeats rate cuts can wait as Fed studies tariff impacts

WASHINGTON -Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of...

Oil, rates and the dollar tumble

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets After a tentative ceasefire was announced in the...

Exclusive-Fed should wait on rate cuts with price hikes expected, Bostic says

ATLANTA -The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher import taxes and with the job market still stable, Atlanta Fed...

DAX Surges on Relief Over Ceasefire

The ceasefire between Israel and Iran, announced by US President Donald Trump, has renewed risk appetite among DAX investors. The German benchmark index jumped 1.8 percent at the open, reaching 23,688...

Fed's Bowman open to cutting rates at July policy meeting

NEW YORK -Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the U.S. central bank's top bank overseer, said Monday the time to cut interest rates is...