U.S. inflation rises again and stays well above Fed's target. Rate hike might be in play.
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.
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Oil Prices Fall as Oman-Iran Talks Raise Hopes for Hormuz Reopening
Prices fell for a third straight day after Iran and Oman discussed measures to temporarily reopen the strait.
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Stock Futures Weaker After PCE Data, Nvidia Earnings Due
Stock futures were weaker after inflation and durable goods data. Traders await earnings from the world's most valuable company, Nvidia.
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The Fed Chairman Is Heading to Jackson Hole Without a Clear Stance on Inflation
Kevin Warsh has kept his views on interest rates close to the vest, leaving investors and Fed officials to guess how he plans to tackle persistent inflation.
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Thailand Central Bank Holds Rate Steady
The move comes as continued uncertainty around the Middle East conflict and fresh fiscal anxiety about the U.S. economy kept market pricing for rates moves in flux.
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Warsh Wants to Track the Money Supply. It Keeps Flashing Red.
The money supply grew 5.41% in July from a year earlier, an indicator that inflationary pressures are growing.
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Canada Hits Back at U.S. With Tariffs Targeting Midterm Hot Spots
New duties range from 15% to 50% on about $20 billion of goods, designed to protect domestic firms' market share.
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Fed May Need to Tighten Soon Without Progress on Inflation, Fed's Collins Says
Boston Federal Reserve President Susan Collins said she was comfortable with Fed's July decision to maintain interest rates at their current target range, but leaving them there will require continued evidence that inflation is cooling.
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Stubborn Australian Inflation Adds Pressure on RBA
Australian consumer prices rose by more than expected in July.
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Overseas IPOs Are Beating New U.S. Stocks. Thank You Japan-and AI!
A fund that invests in international companies that went public in the past few years is beating its U.S. counterpart. Japan's Kioxia is a big reason why.
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Bitcoin Rally Pauses After Jumping to Three-Month High
Bitcoin eased after rising above $80,000 as the cryptocurrency's rally stalled in the absence of new positive catalysts.
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U.S. Consumer Sentiment Fell in August, Conference Board Says
The research group said its consumer confidence index fell to 89.4 from 90.2 in July as expectations for future business and labor market conditions became more pessimistic.
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Regulators Probing Near-Collapse of Hedge Fund Situational Awareness
The SEC has sought information from banks that provided financing to supercharge the hedge fund's AI-centric bets.