Fed Chair Jerome Powell says smaller rate hikes could come in December

WASHINGTON — Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller rate hikes are likely ahead, even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements by other central bank officials and comments at the Fed’s November meeting, Powell said he sees the central bank in a position to … Read more

Inflation in the Eurozone falls to 10% in November, while energy prices slow

Markets are following the latest inflation data from the Eurozone ahead of a new ECB meeting. Julien De Rosa | dpa | Getty Images Eurozone inflation slowed slightly in November, according to preliminary data released Wednesday, with prices coming off record highs and falling short of analysts’ expectations. Consumer prices have been sky-high in the … Read more

Temporary inflation talk is back. But economists say higher prices are here to stay

Prices of fruits and vegetables are seen at a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have been encouraged in recent weeks by data suggesting inflation may have peaked, but economists are warning of the return of the “transient” inflation narrative. Stocks rallied as the October US … Read more

Europe’s anti-American itch – POLITICO

Press play to listen to this article Voiced by artificial intelligence. BERLIN — It has turned cold in Europe, the economy is collapsing and the natives are getting restless. There is only one answer: blame America. Pointing across the Atlantic has long been a favored diversionary tactic for Europe’s political elites when things start to … Read more

Inflation surprisingly eased last month as supply bottlenecks eased

According to new monthly figures from the Australian Bureau of Statistics (ABS), inflation fell slightly last month, but according to both companies and economists, the peak has not yet been reached. Most important points: Overall annual inflation fell from 7.3 percent in September to 6.9 percent in October Economists say inflation is nearing a peak, … Read more

Cyber ​​Monday deals lure consumers amid high inflation

NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are heading online for Cyber ​​Monday to score more discounts on gifts and other items that have risen in price due to high inflation. Cyber ​​Monday is expected to remain the biggest online shopping day of the year, bringing in up to … Read more

US Treasury Bond Yields as Investors Await Key Economic Data

US Treasury yields fell Monday as unrest grew in China over the country’s Covid policies, as trade awaited a slew of economic data to be released this week – which will provide insight this week into how the US is doing. economy as interest rates and inflation remain high. The benchmark 10 year treasury yield … Read more

EUR/USD pulls back towards 1.0350 amid risk aversion ahead of EU inflation, Fed’s Powell

EUR/USD is starting the week’s trading with a downside gap. Concerns about Russia’s oil price cap and China’s Covid conditions weigh on prices. ECB’s Makhlouf Teases Smaller Rate Hikes in 2023 Risk catalysts are key to inflation data, Fed Chairman Powell’s speech and the US jobs report. EUR/USD remains under pressure around 1.0380 after starting … Read more

RBA Governor Philip Lowe apologizes to Australians struggling with mortgages

Reserve Bank Governor Philip Lowe has apologized to Australians for issuing unclear guidance that led to hundreds of thousands of major mortgages taking out in the expectation that interest rates would remain low until 2024. Most important points: RBA boss Philip Lowe says the bank has not communicated properly with the public He told a … Read more

Canadian Banks Provide Financial Update in Q4 Results Ahead of Potential Recession – National

Canadian banks plan to reveal how they’re doing ahead of a potential recession as they report their quarterly earnings this week. With central banks raising interest rates to curb inflation, economic fears have held bank stocks back relative to the market at large, so analysts will look to see how well prepared the industry is … Read more