Economy
US Dollar Holds Steady as Markets Trim Federal Reserve Rate Hike Bets Following Inflation Data
The US dollar traded in a narrow range after benign domestic inflation data led investors to pare expectations for further Federal Reserve interest rate hikes.
South Korea Unveils Housing Supply Package to Support Young Buyers
South Korean authorities have announced a new policy package aimed at increasing residential housing supply and expanding support for young property buyers.
Japan PPI Inflation Rises to 3.5-Year Peak in July Despite Missing Forecasts
Japan's producer price index inflation accelerated to a 3.5-year high in July, even though the increase fell short of market expectations.
India Launches Tax Amnesty Scheme for Undisclosed Foreign Assets
India has introduced a tax amnesty initiative aimed at small taxpayers holding undisclosed assets abroad.
German Investment in U.S. Falls to Three-Year Low on Policy Uncertainty
German direct investment in the United States has declined to its lowest level in three years, weighed down by growing policy uncertainty.
Central Bank Market Backstops Risk Fueling Leverage and Future Crises
Regulatory interventions and market backstops by central banks could inadvertently encourage higher leverage and set the stage for future financial instability.
Brazil Advances Spending Curbs Bill in Congress Amid Mounting Debt Concerns
Brazilian authorities are pressing forward with legislative spending curbs as fiscal pressures and public debt concerns escalate.
Canadian Bond Yields Ease Following U.S. Inflation Data
Canadian government bond yields declined as fresh U.S. inflation figures influenced expectations for Federal Reserve policy.
U.S. budget deficit hits $1.8 trillion in first 10 months of fiscal 2024
Deficit widens as spending outpaces revenue, driven by interest costs and defense allocations. Fiscal year ends Sept. 30.
German firms' U.S. investment falls to three-year low
Outbound direct investment from Germany to the U.S. declined sharply in Q2, driven by economic uncertainty and higher financing costs.
U.S. budget deficit widens beyond forecasts in latest data
Shortfall exceeds projections as spending outpaces revenue, raising fiscal concerns amid economic uncertainty.
U.S. PPI and jobless claims data due Thursday
Producer prices and unemployment filings set to provide fresh signals on inflation and labor market trends.
U.S. budget deficit widens to $432 billion in July
Federal outlays rose while tariff revenues remained negative, pushing the monthly deficit above prior-year levels.
Canada considers U.S. auto tariffs in trade talks
Ottawa explores concessions on vehicle duties to secure reduced tariffs for compliant imports, sources say.
Brazil services sector activity steady in June, PMI shows
Brazil's services sector activity remained flat in June, matching May's level and surpassing analyst expectations, according to the latest PMI survey.
Bank of England tests stablecoin, digital pound interoperability for cross-border payments
BoE's Digital Pound Lab explores integration of stablecoins with a digital pound prototype to streamline international trade finance transactions.
Russia's July inflation slows to 0.54% month-on-month
Consumer price growth eased to the lowest monthly rate since February, led by slower food and fuel price increases.
Europe’s heatwaves reveal insurance shortfall amid rising business losses
Extreme temperatures in Europe have highlighted a widening gap in business insurance coverage, as companies face mounting losses without adequate protection.
Euro zone bond yields fall as U.S. inflation cools in July
German 10-year Bund yield drops to two-week low as softer U.S. CPI data fuels bets on global rate cuts.
U.S. inflation cools slightly in July as energy prices retreat
Consumer prices rose 3.2% year-on-year, down from 3.4% in June, but underlying inflation pressures persist amid geopolitical risks.
US Treasuries rise as July inflation aligns with forecasts
Benchmark 10-year Treasury yields fall after consumer prices rise in line with projections, easing pressure on the Fed to maintain restrictive policy.
Analysts parse muted market reaction to July U.S. CPI
Economists and strategists broadly view July's in-line consumer inflation data as validating the Federal Reserve's cautious policy stance, with limited near-term impact on rate-cut expectations.
Sri Lanka central bank rules out further rate hikes, stays alert
Governor signals policy pause after recent tightening, warns of vigilance amid lingering inflation risks.
UK to overhaul labour market survey in November 2027
Government announces plans to replace the Labour Force Survey with a new data collection method, citing accuracy concerns and rising costs.
U.S. stocks, dollar steady after July CPI matches forecasts
July consumer inflation rose 3.2% year-over-year, in line with estimates, as energy prices fell and shelter costs moderated. Benchmark equities and the dollar held gains after the data.