Browsing: Economy

U.S. bond yields fell on Wednesday as traders awaited minutes from the Federal Reserve’s July policy meeting.What’s happeningWhat’s driving markets The main focus for traders on…

Bring out the violins — according to a new report, some 3.5 million people globally lost the title of millionaire last year after a big drop…

By Yoruk Bahceli (Reuters) – Financial markets barely flinched when Fitch stripped the United States of its top credit rating, but it served as a reminder…

SHANGHAI/SINGAPORE (Reuters) – China’s central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs…

The numbers: The U.S. import price index rose 0.4% in July, the Labor Department said Tuesday. This is the biggest gain since May 2022. Economists surveyed…

Investing.com — Fears over China’s debt-laden property sector mount after key player Country Garden halts trading on some of its mainland bonds. Elsewhere, economists at Goldman…

The numbers: The New York Federal Reserve’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 20.1 points in August to…

By Howard Schneider WASHINGTON (Reuters) – Pessimists watching the Federal Reserve battle inflation have focused on the so-called “last-mile” problem, convinced a full return to the…

The numbers: Builder confidence waned in August as the 30-year mortgage rate surged, dampening U.S. home-buying interest. Despite a persistent shortage of homes on the market…

BEIJING (Reuters) – Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and…