The consumer price index rose 0.5% in January, and is up 3.0% over the last 12 months, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting a monthly rise of 0.3% and a 2.9% increase year over year. Core CPI, which excludes volatile food and energy prices, rose 0.4% for … Read more
U.S. Treasury yields were higher on Friday following the release of key January jobs data. The 10-year Treasury yield rose about four basis points to 4.475%. The 2-year Treasury yield was last at 4.252% after rising by four basis points. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. The … Read more
The Bank of England on 6 Feb. 2025, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England lowered interest rates by 25 basis points on Thursday, following the European Central Bank’s cut of the same amount on Jan. 30. The Reserve Bank of India is also widely expectedly to … Read more
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank’s Monetary Policy Committee’s interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty Images The Bank of England made its first interest rate cut of the year … Read more
An employee places an item in the window display at a delicatessen in the Piazza Campo di Fiori in Rome, Italy, on Tuesday, Dec. 6, 2016. Bloomberg | Bloomberg | Getty Images The euro zone economy saw zero growth in the fourth quarter, flash figures published by the European Union’s statistics agency Eurostat showed Thursday. … Read more
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he … Read more
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise … Read more
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating Type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023. George Frey | Reuters The Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and … Read more
The Royal Exchange and the Bank of England. SOPA Images / Contributor / Getty Images The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading fueling expectations that the Bank of England will proceed with an interest rate cut next … Read more
LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile … Read more