Prices
Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion
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 In December, the central bank forecast that the euro zone economy would grow by 1.1% in 2025, saying that it expects euro area […]
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France’s shrinking economy betrays urgent need to overcome budget wrangles
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024. Joel Saget | Afp | Getty Images France’s economy shrank slightly in the fourth quarter, flash data showed Thursday, highlighting the urgent need for warring French lawmakers to overcome their differences and agree on a 2025 budget. The economy recorded […]
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European markets head for higher open anticipating ECB rate cut; Shell and Deutsche Bank earnings on deck
European markets were set to open higher Thursday as investors await key earnings, economic data and the European Central Bank’s latest monetary policy decision. The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,555, Germany’s DAX up 24 points at 21,649, France’s CAC up 25 points at 7,892 and Italy’s FTSE MIB […]
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India’s finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. Bloomberg | Bloomberg | Getty Images As the Indian government walks a tight rope between fiscal prudence and reviving growth, experts suggest it will likely favor cutting deficit in its annual budget […]
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Trump accuses Fed, Powell of creating inflation on heels of rate decision
FILE PHOTO: U.S. President Donald Trump, right, speaks as Jerome Powell, governor of the U.S. Federal Reserve and Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Nov. 2, 2017. Olivier Douliery | Bloomberg | Getty Images President […]
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Fed meeting recap: Powell says central bank is in no hurry to cut rates again
Range of possibilities is ‘very, very wide’ for tariff effects There is a wide range of possibilities when it comes to the potential effects of tariffs, according to Fed Chair Powell. “The range of possibilities is very, very wide,” he said. “We don’t know for how long or how much, what countries. We don’t know […]
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Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop
Key Points Powell’s comments came after Federal Reserve members announced they were keeping the benchmark interest rate steady. “I’ll demand that interest rates drop immediately,” Trump said during a virtual appearance before the World Economic Forum in Davos, Switzerland last week. “The public should be confident that we will continue to do our work as […]
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The Fed meets for the first time since Trump’s term started. Here’s what to expect
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 […]
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Steve Cohen says the stock market may top out over the next few months, if it hasn’t already
MIAMI BEACH, FL. — Point72’s Steve Cohen believes the bull market could see a tougher ride in the second half of 2025 as President Donald Trump’s aggressive trade and immigration policies may slow down economic growth. “The irony is, and this is interesting, that … if he implements tariffs, specifically tariffs and immigration, it will […]
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Asia-Pacific markets track Wall Street gains as Trump pushes for rate cuts
Osaka, Japan. Jiale Tan | Moment | Getty Images Asia-Pacific markets climbed Friday, after the S&P 500 hit record highs on Thursday as U.S. President Donald Trump called for lower interest rates and cheaper oil prices. Japan’s core inflation rate rose to a 16-month high at 3% in December, year on year, boosting the case […]
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