The dollar rose on the first trading day of the year as attention turned this week to U.S. jobs data and European inflation numbers that may provide clues to central bank moves, while bitcoin rallied. The rate, which measures the US currency against six rivals, was last at 101.55, up 0.17%. It fell 2% in…
Read More “Dollar Begins 2024 Gains on Yen, Euro, Bitcoin Above $45,000” »
Stock Market Today | Major indexes point to a weaker opening on Wall Street, amid some caution ahead of the release of key U.S. inflation numbers. A poor outlook from the sports retail giant Nike also weighed, although a continuation of the year-end rally with weekly gains still looked likely. The news in the UK…
Read More “Nike, Fed Inflation Headline, UK Recession | Stock Market Today” »
The number of Americans filing new claims for unemployment benefits rose only slightly last week, indicating underlying strength in the economy over the course of the year. Initial claims for unemployment benefits rose by 2,000 to a seasonally adjusted 205,000 in the week ended Dec. 16, the Labor Department said on Thursday. Although claims figures…
As 2024 approaches, investors, economists, business leaders, and everyday consumers from London to Lyon to Los Angeles share a common hope: Let the interest rate cuts begin! Central banks from most major developed economies closed out 2023 with lightning policy meetings in December that effectively closed the books on the aggressive rate hikes that will…
Read More “Is the ‘Big Ease’ Coming in 2024, or Are Rate Cut Hopes Disappearing?” »
Global growth is likely to slow in 2024, but a dovish tone in the Federal Reserve‘s rhetoric has raised hopes for the U.S. economy and improved the outlook for riskier assets, according to major banks. However, the European Central Bank and the Bank of England, maintaining their stance on higher and more extended interest rates,…
Read More “Fed Pivot, Cooling Inflation, Easing Growth of World Economy” »
Global markets are heading for year-end at a “buy all” high, with the Federal Reserve signaling it will cut rates in 2024, pushing stocks and gold higher. Meanwhile, the Bank of Japan could finally signal the end of its ultra-loose monetary policy. The road to 2024 could be bumpy for investors. You’ve got a week…
The U.S. dollar was lower in early European trading on Monday, while the Japanese yen gave back some of last week’s gains ahead of a key Bank of Japan policy meeting. At 05:35 ET (09:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% lower at…
Read More “Dollar Falls Back, Just Holds Ahead of Bank of Japan (BOJ) Meeting” »
With prevailing high-interest rates, borrowing remains costly, while various savings avenues offer appealing rates. Let’s take a look at the complex system that explores federal interest rates and how the rates could affect your finances. How do interest rates work? Interest rates can be thought of as the cost of borrowing money. “Essentially, it’s the…
Read More “Federal Interest Rates How Does It Work | FED Rates” »
