Fed Delivers First Rate Hike in Years With Unanimous Vote
Most officials penciled in one more increase this year. An energy shock and a surge of AI investment have reshaped the inflation outlook.
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U.S. Markets Sell Off After Fed's Warsh Says Inflation Is Still 'Too High'
All three major U.S. stock indexes closed lower for the seventh time in the past eight sessions after the Fed chairman made it clear inflation is still a problem.
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House Passes Bill to Punish Top Importers of Russian Oil and Gas
President Trump is expected to sign the legislation that gives him new authority to level tariffs.
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French Bond Yields Are Surging, Too. Will the ECB Step In?
France is running a 5%-of-gross-domestic-product budget deficit, with prospects of consolidation faint at least until presidential elections next April.
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An EU-Canada Tie-Up Risks More Problems With U.S. on Trade
Canada can't become a full member of the European Union, but there are opportunities for collaboration. How Washington will respond is yet to be seen.
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Diesel Price Hits Record High. An Export Ban Is on the Table.
Record diesel prices are hurting the profits of U.S. farmers and weighing on trucking stocks.
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Bank of Canada Flags Need for Rate Boost Should High Fuel Costs Spill Over, Minutes Say
Senior Bank of Canada policymakers agreed that inflation risks had intensified and rate hikes could be required should evidence emerge of higher fuel costs spilling over to prices of other goods and services.
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U.S. Retail Sales Rebound in Show of Consumer Strength
Retailers' sales rose by 1.2% last month, versus the 0.5% decrease recorded in July. The August reading was higher than the 0.8% increase economists expected.
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Oil Futures Pull Back From Four-Month Highs
Crude oil futures declined, retreating from the four-month highs reached on growing concerns about Middle East supplies as the conflict drags on with no solution in sight.
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EU Chief Backs Canada's Push to Become Bloc's First Associate Member
European Commission President Ursula von der Leyen's comments follow efforts by Canada's Mark Carney to accelerate his country's pivot to the bloc.
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Brazil's Central Bank Lowers For Fifth Straight Meeting as Inflation Cools
The bank's monetary committee cut the Selic benchmark rate to 13.75% from 14%, as expected.
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U.S. Crude Oil Stockpiles Post Moderate Draw
U.S. crude oil inventories fell for a third consecutive week while gasoline and distillate stocks saw increases.
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Canada Housing Starts Edge Down in August
Housing starts across Canada came in at a seasonally adjusted annualized rate in August of 229,046 units, a 0.1% dip from the month before, and under the 240,000 residential projects expected.
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Eurozone Industrial Production Fell at Start of Third Quarter
The data highlights the uneven nature of the region's recovery as manufacturers contend with higher energy costs despite signs of improving demand.