Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
Indonesia's New Finance Minister Faces 2.4% Deficit Test
Indonesia appoints Suahasil Nazara as finance minister. Markets now test his commitment to the 2.4% GDP deficit target amid currency weakness.
UK GDP Surprise Lifts FTSE 100, But Tech-Dependent Growth Raises Doubts
UK GDP grew 0.4% in July, beating expectations, but the rise was powered by tech services, while consumer spending slumped. The FTSE 100's rally may not reflect broad economic health ahead of the Bank of England's rate decision.
BoE Set to Hold Rates Despite Strong GDP Surprise
The Bank of England is widely expected to hold rates at 3.75% on Sept 17, but a strong GDP report and hawkish risks keep markets on edge.
Core CPI at 0.2%: The Pivotal Number for Fed's Next Move
Friday's CPI report could sway the Fed's rate decision. A core reading of 0.2% or lower may hold rates, while 0.3% could trigger a hike.
ECB Set to Hike to 2.5%: Euro's Fate Hinges on Inflation Forecasts
The ECB's expected quarter-point hike to 2.50% may not move the euro. Investors await new inflation projections and Lagarde's guidance.
Turkish Diesel at 90 Lira, Tax Hikes Could Push It Past 100
Turkish diesel prices have exceeded 90 lira per liter, and a scheduled tax increase could push them past 100 by January, adding to inflation pressures as the central bank considers rate cuts.
Mortgage Rates at 6.71%: The Real Cost of Crossing the 6% Threshold
Freddie Mac's 30-year mortgage rate rose to 6.71%, adding $1,933 a year to the median homebuyer's payment. Housing demand stays stable but faces headwinds.
Canada's August Jobs Miss Widens Gap With US Hiring
Canada's August employment fell by 41,700, far worse than expected, while US hiring remained robust, widening the economic gap and pressuring the loonie.
Tech Futures Lead Modest Gains Ahead of Key Jobs Report
Nasdaq-100 futures rose 0.38% early Friday, leading modest gains as investors await the August jobs report, which could test the recent rate-relief rally.