US import prices unexpectedly rise in April
Economists expect the impact of President Donald Trump’s sweeping import duties to become evident in inflation data by the middle of this year.
30-year Treasury passes 5% after Moody’s downgrades U.S. credit rating
It’s now in line with all the major credit rating agencies which have continued to give the U.S. their second-highest available rating.
Mortgage rates in the US rise, sending 30-year average to 6.81%
The average for 30-year, fixed loans was 6.81 per cent, up from 6.76 per cent last week, Freddie Mac said on Thursday (May 15).
Japan’s economy shrinks more than expected as US tariff hit looms
A global trade war touched off by US tariffs has jolted financial markets and complicated the Bank of Japan’s (BOJ) decision on when and how far it can push up interest rates.
Foreign investment in Europe tumbled even before US trade war
The drop was sharpest in the largest economies, while the tally of jobs created as a result of the foreign investment also fell 16 per cent from the year earlier.
Japan's wholesale inflation hits 4%, keeps BOJ under pressure
The yen-based import price index fell 7.2 per cent in April from a year earlier after a revised 2.4 per cent drop in March,
US inflation comes in softer than forecast for a third month
The overall CPI advanced 0.2 per cent, and climbed 2.3 per cent on an annual basis.
ECB to cut by more as inflation undershoots 2%
Additional cuts are likely in June and September, a monthly poll showed. That would bring the deposit rate to 1.75 per cent from currently 2.25 per cent.
US and China reach deal to slash tariffs, officials say
Bessent told reporters the two sides had agreed on a 90-day pause on measures and that tariffs would come down by over 100 percentage points to 10 per cent.
China’s factory-gate deflation deepens as trade war bites
Consumer prices eased 0.1 per cent last month from a year earlier, matching a 0.1 per cent drop in March and the forecast in a Reuters poll.
Bank of England cuts interest rates: Here’s what it means for your money
The cut had been widely expected, especially after a slowdown in price rises, with inflation cooling to 2.6% in the twelve months to March (from 2.8% the previous month).
US Fed rules out pre-emptive rate cut while flagging tariff risks to inflation, jobs
“The effects on inflation could be short-lived, reflecting a one-time shift in the price level,” he said. But it is “also possible that the inflationary effects could instead be more persistent”.