Bank of Canada Keeps Rate Steady as Inflation Worries Intensify
The central bank left its main interest rate unchanged at 2.25%, and said the escalating trade conflict between the U.S. and Canada threatens to add to inflation.
----
U.S. Stocks Rise as Treasury Selloff Pauses
U.S. stocks rose while bond-market turmoil and war were top of mind for investors.
----
Private-Sector Hiring Slowed in August
Private companies added a net 38,000 jobs in August, after adding a revised 46,000 jobs in July, ADP said. August saw the slowest pace of job creation since January.
----
Borrowing Isn't the Bond Market's Only Concern-Growth Is Too
Many governments look more prudent than the U.S. right now, but aging workforces and anemic growth mean debts look scary, even with a lift from AI.
----
Europe Joins Global Bond Selloff as Middle East Hostilities Lift Oil Prices
The 10-year Bund yields reached their highest since 2011, yields on 10-year gilts climbed to their highest level since 2007 and Japan's 10-year government bond yield hit its highest level since September 1996.
----
U.S. Crude Oil Stockpiles See Larger-Than-Expected Drop
Commercial crude oil stocks were down by 4.5 million barrels last week. Analysts had expected crude stocks to fall by 300,000 barrels.
----
U.S. Says It's Fed Up With China's Overcapacity-and More Countries Agree
A G-20 statement implicitly criticizing Beijing for its overreliance on exports for growth marks a new stage in international pressure.
----
UK Prime Minister Says Government Will Be 'Grounded in Fiscal Responsibility'
The U.K. government is taking action to cut its debts and will continue to stick to its self-imposed budget rules, Prime Minister Andy Burnham told lawmakers Wednesday.
----
U.S. and Iran Trade Strikes in Latest Fight for Control of Hormuz
President Trump said the operation was a response to Iran's attempts to mine the strait and target American servicemembers in the Middle East.
----
G-20 Squabbling Overshadows Summit as Global Bond Markets Strain
The finance ministers' gathering comes to a close amid a global bond-market selloff, spats over tariffs and public insults.
----
Australia's Second-Quarter Growth Stronger Than Expected
Households continued to behave cautiously, with consumption rising 0.4% in the quarter.
----
Reserve Bank of New Zealand Delivers Further Rate Increase
RBNZ raised interest rates, warning that risks for higher inflation remain in play for the economy.
----
Why Friday's Jobs Report Could Surprise the Fed and Shock Markets
The Federal Reserve is increasingly expected to raise interest rates in September, but signs of labor-market softness are putting new focus on Friday's jobs report.
----
Japan Vows to Keep Eye on Yen as Inflation Fears Rise
A weak yen threatens to accelerate Japan's inflation, given the country's heavy reliance on imports of energy and food.
----
South Korea's Inflation Rebounds Above 3%
South Korea's headline inflation rose above 3% again in August after easing the previous month, supporting the central bank's back-to-back rate increases to curb price pressures.