Currencies

Fed's Schmid says too soon to expect productivity to fix still-elevated inflation

The U.S. central bank needs to keep tight monetary policy in place for now amid continued strong economic growth, Kansas City Federal Reserve President Jeffrey Schmid said on Wednesday, cautioning...

Fed's interest rate pause bolstered by jobs data, but concerns linger

Federal Reserve policymakers look likely to keep interest rates on hold for longer after data on Wednesday showed the U.S. job market began 2026 on better footing than expected, but revisions showing...

US job growth surges in January, but labor market far from turning around

U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, signs of labor market stability that could give the Federal Reserve room to keep interest rates unchanged...

Fed to hold rates through May, but Warsh may be too loose with policy, economists say

The Federal Reserve will hold its key benchmark rate steady for the rest of Fed chair Jerome Powell's tenure through May but cut immediately afterward in June, according to a Reuters poll of...

Dax Falters Ahead of US Jobs Data - Gerresheimer Shares Plunge

Ahead of key US labor market data, investors have pulled back from the German stock market. The Dax was down 0.4 percent on Wednesday morning, standing at 24,900 points. Investors are...

US job growth likely picked up in January; unemployment rate forecast steady at 4.4%

U.S. job growth likely picked up in January, supported by fewer layoffs in some seasonal industries, but the labor market remained sluggish as lingering uncertainty over import tariffs tempered hiring...

Yen perky as Japan fiscal fears dissipate, dollar shaky ahead of payrolls

The yen held on to solid gains on Wednesday, bolstered by a rally in Japan's stock market and bets that Prime Minister Sanae Takaichi's landslide election victory puts her in a strong position to...

Fed's Logan: 'cautiously optimistic' that current rate-setting will do the job

Dallas Federal Reserve President Lorie Logan said on Tuesday she's cautiously optimistic that the Fed's current policy rate setting will get inflation headed to its 2% goal while keeping the job...

EU Parliament backs digital euro, aligns with Council on online- and offline-ready currency

The European Parliament gave its first major backing to the digital euro on Tuesday, endorsing the European Council's negotiating stance for a central bank digital currency with both online and...

US labor costs growth cools in fourth quarter

Growth in U.S. labor costs unexpectedly slowed in the fourth quarter, leading to the smallest annual increase in 4-1/2 years, as softening demand for labor restrained wage gains.  The...

US retail sales stall in December; underlying weakness emerging

U.S. retail sales were unexpectedly unchanged in December as households scaled back spending on motor vehicles and other big-ticket items, potentially setting consumer spending and the economy on a...

DAX Struggles to Gain Traction as AI and Interest Rate Worries Weigh on Investors

After a buoyant start to the week, investors on European stock markets hit the brakes on Tuesday. The German benchmark index DAX drifted listlessly around the 25,000-point mark, while the...

Telegram app faces further restrictions, possible fines as Russian authorities clamp down

Telegram, an important platform for public and private communications in Russia, will face further restrictions from authorities because it has failed to correct previous violations, the state...

India in talks over critical minerals deals with Brazil, Canada, France, Netherlands, sources say

India is in talks with Brazil, Canada, France and the Netherlands over deals to jointly explore, extract, process and recycle critical minerals, sources said, as it broadens its global outreach to...

Fed's Miran says data suggests Americans aren't shouldering tariff hit

Federal Reserve Governor Stephen Miran on Monday argued the Trump administration's policy of trade tariffs has proved more benign than many had feared, in comments that argued that foreigners and...

Stock indexes gain with US technology shares; yen strengthens

Stock indexes rose on Monday, with U.S. technology shares leading Wall Street higher, as investors sought bargains in markets beaten down last week, while the yen strengthened following the resounding...

Fed's Miran says weaker dollar not affecting monetary policy choices

Federal Reserve Governor Stephen Miran said Monday a weaker dollar isn't much of an issue for the central bank right now. The kind of decline seen in the dollar doesn't matter that much...

French central bank governor's departure unlikely to shift ECB policy course

The surprise resignation of Francois Villeroy de Galhau as French central bank governor is unlikely to change the European Central Bank's steady policy course at a time of rare unity among the euro...

NY Fed survey: January near-term expected inflation lower amid better job market views

Americans were less worried about the direction of inflation and labor market prospects as of last month, although concerns about the state of their finances continued to mount, the Federal Reserve...