Pound Falls as BOE Signals Faster Rate Cuts
Bailey Warns of Economic Slack and Job Market Weakness The British pound fell to a three-week low after Bank of England Governor Andrew Bailey indicated the central bank may accelerate interest rate
Stocks steady as inflation tempers Fed cut bets
Wall Street ends flat after fresh S&P 500 high Global equities edged lower Thursday, with U.S. markets closing mixed as strong inflation data tempered expectations for aggressive Federal Reserve interest rate cuts.
Gold Soars Above $2,700 as Geopolitical Tensions and Economic Uncertainty Rise
Gold surged to historic highs, surpassing $2,700 per ounce on Friday, driven by heightened geopolitical tensions in the Middle East, looming uncertainties around the U.S. elections, and market anticipation of looser monetary
China Announces Stimulus Measures Amid Trade Talks with U.S.
In a move aimed at softening the economic impact of the ongoing trade war with the United States, Chinese authorities announced a series of stimulus measures on Wednesday. These steps, including interest
Canada Swings to Trade Deficit as Exports, Imports Stay High
Trade deficit in February reflects inventory buildup amid tariff fears Canada unexpectedly posted a trade deficit of C$1.52 billion ($1.08 billion) in February, reversing the previous month’s surplus of C$3.13 billion, according
Goldman Sachs Warns of Higher Recession Risk
Tariffs, inflation, and confidence shocks drive economic forecast shift The US economy faces heightened recession risks as escalating tariffs under President Donald Trump’s administration threaten to stunt growth, rekindle inflation, and lift
Canada’s Economy Grows 1% in Q3 Amid Sluggish Momentum
Canada’s economy grew at an annualized rate of 1% in the third quarter, aligning with market expectations, according to Statistics Canada data released Friday. The growth was supported by household and government
European Stocks Rise as Investors Digest Mixed Economic Data
European stocks climbed on Friday, buoyed by gains in most sectors despite a mixed bag of regional economic data. While healthcare and retail sectors led the charge, banking stocks lagged, and currency
Wholesale Prices Rise in October – Fed Rate Cut Still Expected in December
Wholesale prices edged up in October, aligning closely with market expectations and suggesting that the Federal Reserve remains on track for a potential interest rate cut in December. According to data released
U.S. Stocks Reach New Highs as Fed Rate Cuts Drive Optimism
Investors rejoiced today as the U.S. stock market surged to unprecedented levels, driven by renewed optimism surrounding the Federal Reserve’s recent rate cut. The decision to slash interest rates has reshaped market