• Wed, Sep 17, 2025 18:27
    Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

    In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.

  • Wed, Sep 17, 2025 15:23
    Bank Of Canada Lowers Interest Rates By A Quarter Point

    After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.

  • Wed, Sep 17, 2025 14:23
    U.S. Housing Starts Pull Back Much More Than Expected In August

    After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.

  • Wed, Sep 17, 2025 13:12
    UK Inflation Unchanged At 3.8%

    U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab

  • Wed, Sep 17, 2025 11:41
    Bank Indonesia Cuts Rate Unexpectedly

    Indonesia's central bank reduced its key interest rate unexpectedly to the lowest level since 2022 to stimulate economic growth and also raised expectations for more reductions. The Bank Indonesia board, governed by Perry Warjiyo, decided to cut the BI rate by 25 basis points to 4.75 percent. Markets anticipated the central bank to hold the rate this time amid political unrest.

  • Wed, Sep 17, 2025 11:32
    Indian Rupee Rises To Near 3-week High On Trade Talk Optimism

    The Indian rupee strengthened against the U.S. dollar in the Asian session on Wednesday, after India and the U.S. agreed to speed up talks on a bilateral trade.

  • Wed, Sep 17, 2025 04:02
    European Economic News Preview: UK Inflation Data Due

    Consumer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK inflation data for August. Economists forecast consumer price inflation to remain unchanged at 3.8 percent.

  • Tue, Sep 16, 2025 17:14
    U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

    The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.

  • Tue, Sep 16, 2025 16:47
    U.S. Homebuilder Confidence Holds Steady In September

    Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

  • Tue, Sep 16, 2025 16:29
    U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

    Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

  • Tue, Sep 16, 2025 16:13
    U.S. Import Prices Unexpectedly Increase In August

    A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

  • Tue, Sep 16, 2025 14:46
    U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

    The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

  • Tue, Sep 16, 2025 12:53
    Eurozone Industrial Production Recovers In July

    Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

  • Tue, Sep 16, 2025 10:38
    German Economic Sentiment Rises In September

    German economic confidence improved in September but financial market experts remained cautiously optimistic, a monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW indicator of economic confidence rose unexpectedly to 37.3 in September from 34.7 in the previous month. The score was expected to fall to 27.3.

  • Tue, Sep 16, 2025 08:43
    U.S. Dollar Falls Amid Fed Rate Cut Speculation

    The U.S. dollar weakened against other major currencies in the Asian session on Tuesday, as traders have already factored in a rate cut by the US Fed as a "certainty."

  • Tue, Sep 16, 2025 07:10
    UK Jobless Rate Stable At 4.7%

    The UK jobless rate remained unchanged and average earnings growth slowed in the three months to July, the Office for National Statistics said on Tuesday. The unemployment rate was at 4.7 percent in the three months to July, unchanged from the previous period. Average earnings excluding bonuses increased 4.8 percent in May to July.

  • Tue, Sep 16, 2025 05:56
    European Economic News Preview: UK Unemployment Data Due

    Unemployment from the UK and economic sentiment from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK unemployment data. The jobless rate is seen unchanged at 4.7 percent in the three months to July.

  • Mon, Sep 15, 2025 13:39
    New York Manufacturing Index Unexpectedly Turns Negative In September

    A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September. The New York Fed said its general business conditions index plunged to a negative 8.7 in September from a positive 11.9 in August, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 5.0.

  • Mon, Sep 15, 2025 12:20
    Dollar Slips As Rate Cut Hopes Deepen

    The U.S. Dollar declined during the week ended September 12 amidst renewed hopes of a rate cut by the Federal Reserve on September 17.

  • Mon, Sep 15, 2025 11:36
    Pound Rises: Traders Await BoE Monetary Policy Decision

    The British pound strengthened against other major currencies in the European session on Monday, as investors await the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements on Wednesday and Thursday.

  • Mon, Sep 15, 2025 09:28
    China Industrial Output, Retail Sales Miss Expectations

    China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus. Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday.

  • Mon, Sep 15, 2025 05:56
    European Economic News Preview: Eurozone Foreign Trade Data Due

    Foreign trade from Eurozone and wholesale prices from Germany are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for August. Economists forecast prices to rise 0.2 percent month-on-month, reversing a 0.1 percent fall in July.

  • Fri, Sep 12, 2025 14:36
    U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

    Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.

  • Fri, Sep 12, 2025 13:03
    UK Economy Flatlines In July

    The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.

  • Fri, Sep 12, 2025 12:11
    Russia Central Bank Cuts Rate By 100 Bps

    Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.