Economy
Fed staff should have known Silicon Valley Bank was vulnerable, new report finds
Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank's staff missed signs ahead of Silicon Valley Bank's 2023 failure.
Economy
Central banks, inflation, jobs and growth.
- Economy
Treasury Yields Tick Higher as Markets Price Hawkish Fed
Treasury yields edged higher and the curve flattened as markets priced in a more hawkish Fed.
- Economy
ECB Officials Pave Way for More Tightening as Inflation Worsens
European Central Bank officials are preparing the ground for further monetary tightening, signaling another move is possible as soon as October to tackle intensifying inflation pressures.
- Economy
ECB Rate Hikes Don’t Solve Inflation Problem, Giorgetti Says
European Central Bank interest-rate increases don’t address soaring consumer prices across the euro area, according to Italian Finance Minister Giancarlo Giorgetti.
- Economy
Yen Declines After BOJ Hike, US Said to Hold Off on New China Tariffs
The yen extends its drop against the dollar after BOJ Governor Ueda gave mixed signals about future interest-rate hikes. The central bank lifted interest rates by a quarter point to 1.25%. The US is expected to hold off announcing new tariffs on China and other trading partners until after…
- Economy
ECB Rates Aren’t Directly Tied to Energy Costs, Lagarde Says
European Central Bank President Christine Lagarde told euro-area finance ministers that energy-price jumps don’t automatically translate into monetary tightening.
- Economy
Bank of Japan’s Ueda Delivers Rate Hike for Scott ‘the House’ Bessent
The BOJ raised rates, but dissenting votes add “dovish signal” that runs counter to Treasury Secretary Scott Bessent’s house view on the…
- Economy
U.K. Retail Sales Climbed Despite Inflation Pickup
Retail sales rebounded in August, helped by online sales, as consumers shrugged off recently rising inflation.
- Economy
Bank of Japan Raises Rates, Making U.S. Less Alluring for Tokyo Investors
The yen weakened as two members of the bank’s board suggested future rate rises might come more slowly than anticipated.
- Economy
Spain’s Cuerpo Says Time Has Come to Discuss ECB’s Succession
It’s time to start discussing the future of the European Central Bank should President Christine Lagarde decide to step down early, Spanish Economy Minister Carlos Cuerpo said.
- Economy
Lagarde Says She’ll Leave ECB in 2027, Won’t Give Exact Date
Christine Lagarde reiterated that she’ll depart as European Central Bank president in 2027, declining to say whether she’ll remain until her term ends next October.
- Economy
ECB Says Consumers’ Inflation Expectations Increased in August
Inflation expectations among euro-area households increased in August, a signal that the European Central Bank may have to raise interest rates further.
- Economy
Why Japan’s markets flipped the usual script after central bank rate hike
The yen weakened past 157 against the dollar, the yield on the 10-year Japanese Government Bond slipped, while the Nikkei 225 gained 1.5%.
- Economy
ECB’s Kazaks Sees Rates Being Lifted More If Economy Holds Up
The European Central Bank may have to raise borrowing costs to levels that curb economic activity as it seeks to get inflation under control, according to Governing Council member Martins Kazaks.
- Economy
Irish Finance Chief Shrugs Off US Tariff Threats Over Canada
Irish Finance Minister Simon Harris played down worries that President Donald Trump may impose tariffs on the European Union over Canada’s associate member status with the bloc.
- Economy
UK Retail Sales Bounce Back With 0.5% Gain in August
UK retail sales rose unexpectedly in August, as warm weather and a brighter national mood encouraged consumers to spend despite rising energy bills.