Prices
As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not
U.S. one hundred dollar bills. Nurphoto | Nurphoto | Getty Images The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world. Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent […]
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Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates ‘NOW’
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty Images President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning […]
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CNBC Daily Open: Trump’s threat to intervene in Fed could cause upheaval
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Feb. 27, 2024. Morah Ratner | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and […]
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Asia-Pacific markets trade mixed as China keeps benchmark lending rates steady
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images Asia-Pacific markets traded mixed Monday as China’s central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China’s CSI 300 rose 0.38% after the People’s Bank of China kept its key […]
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CNBC Daily Open: Trump’s desire to intervene in Fed could cause chaos
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Thursday, Sept. 12, 2024. Stefani Reynolds | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans […]
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Trump renews call for interest rate cut, says rates would be lower if Fed chief Powell ‘understood what he was doing’
U.S. President Donald Trump and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Annabelle Gordon | Reuters President Donald Trump on Friday lobbed his latest criticism at Federal Reserve Chair Jerome Powell, as the White House’s discontent for the economic policy leader hits a fever pitch. During a Friday afternoon question-and-answer session with reporters, Trump […]
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Japan markets trade flat as investors parse key inflation data
View of the Skytree from Ueno and Asakusa in Tokyo Jackal Pan | Moment | Getty Images Japan markets traded flat with most markets in the region closed for Good Friday. Japan’s Nikkei 225 inched up 0.01% after the country’s inflation grew 3.6% year on year in March, marking three straight years that the headline […]
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Japan inflation comes in at 3.6%, surpasses BOJ target for three straight years
Shop owners of a 70-year-old “takoyaki”, or octopus balls, restaurant chat while cooking along a street in the Taito Ward area of Tokyo on February 21, 2025. Richard A. Brooks | Afp | Getty Images Japan’s inflation grew 3.6% year on year in March, marking three straight years that the headline inflation figure is above […]
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Turkey’s central bank surprises with 350-basis-point rate hike
Cityscape at sunset on March 4, 2024 in Istanbul, Turkey. Dia Images | Getty Images News | Getty Images Turkey’s central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%, ending the easing cycle it began in December of last year. The decision comes […]
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European Central Bank cuts interest rates, warns of ‘deteriorated’ growth outlook on trade tensions
The European Central Bank made yet another 25-basis-point interest rate cut on Thursday as global tariff turmoil has created widespread uncertainty and spurred fears about the euro zone’s economic growth. A rate cut was fully anticipated by markets, with an around 94% chance of a 25-basis-point trim being priced in ahead of the decision, according […]
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