U.S Interest Rates Three Federal Reserve officials said the pace of interest-rate cuts will depend on incoming economic data, suggesting the path to lower borrowing costs may look different than in previous ratecutting cycles. Boston Fed President Susan Collins and New York’s John Williams said the Fed’s first rate cut will likely be appropriate...

Inflation ticks Higher Who ever said the war on inflation would be a straight line ending in a soft landing (or downturn)? While the US Federal Reserve has made a lot of progress over the past two years, this week proved that some battles will be lost along the way. With interest rates still sky high, the American economy has continued to...

Sanctions Tankers A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions. About half of the 50 tankers that the US Treasury began sanctioning on Oct. 10 have failed to load cargoes since they were listed, according to a tally by Bloomberg.Inflation in Focus The...

China Stock Rebound Chinese equities rallied as Beijing stepped up its efforts to stem a rout with a string of policy announcements including a state fund’s vow to boost stock purchases. President Xi Jinping is also set to receive a briefing from Chinese regulators on financial markets, according to people with knowledge of the matter, undersco...

BoE Rate Decision The BOE will probably hold rates today after the Fed did so yesterday. But it may deliver a lower inflation forecast, potentially opening the way for easing. Markets are pricing in rate cuts starting in the middle of the year. The Bank of England is likely on Thursday to deliver a brighter outlook for the UK economy, reducing i...

UK Inflation Inflation in UK stores fell to the lowest level in more than 18 months in another sign that the cost-of-living crisis is starting to ease. Shop prices were 2.9% higher year-on-year in January compared with a 4.3% annual increase in December, the British Retail Consortium said Tuesday. That’s the lowest since May 2022 as retailers o...