European Central Bank holds rates, trims growth forecasts
A hold from the ECB was widely expected, but investors are more interested in the language it uses to describe the inflation outlook.
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
The Federal Reserve dialed back its inflation projection on Wednesday, seeing its favorite gauge falling to 2.4% in 2024.
Wholesale prices held flat in November, providing another encouraging inflation signal
The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month.
European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
Money markets are currently pricing in almost 150 basis points of rate cuts next year.
Bank of England set to hold interest rates as economists debate 2024 cuts
The market is pricing an almost 100% chance of a hold on Thursday, but when the first rate cut will come remains a hot topic.
Inflation slowed to a 3.1% annual rate in November
The consumer price index was expected to be flat in November and up 3.1% from a year ago, according to Dow Jones consensus estimates.
Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
Nadia Calviño, newly-appointed head of the European Investment Bank, on speeding up procedures, increasing MDB collaboration, and AI regulation.
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped on Friday amid hopes of a soft landing.