Economy
China Announces $1 Trillion Push to Become 'Sports Powerhouse'
5 things to know from G20 finance summit
Global bond sell-off signals entry into a higher-rate era
US Trade Gap Widens to Largest Since Early 2025 on AI Push
Energy Prices Surge on Iran Fighting, Reviving Inflation Fears
Sharp rise in utility bills pushes Russia's inflation further off target
Bank of Canada Holds Rates Steady, Warns of Trade and Geopolitical Risks
G20 wraps without consensus amid bond market sell-off
IMF agrees $2.2B Senegal loan package
Nigeria's economy grows at fastest pace in five years
US Fed Governor Waller Floats September Rate Hold
U.S. Federal Reserve Governor Christopher Waller suggested holding interest rates steady if inflation continues to cool, noting that his upcoming decisions will depend heavily on the August inflation data releasing next week. The remarks sparked market rallies, pushed global bond yields down, and drove the U.S. dollar to its lowest level since May alongside a strong yen surge.
- US Fed Governor Waller advocated holding interest rates steady if inflation continues to cool.
- Markets rallied and global bond yields dipped following the statement.
- Federal Reserve Governor Christopher Waller noted progress on inflation.
- The dollar fell to its lowest level since May.
- Christopher Waller stated next rate decision will be influenced by August inflation data.
Part of the storyline: Will the Fed raise rates again?
US Services Sector Expands in August with Price Gauge at Four-Year High
Ghana Tightens Gold Export Regulations to Retain Value Domestically
US Private Payrolls Rose by 38,000 in August, ADP Data Shows
That's all the important news for now
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