ECB Unlikely to Throw Caution to Wind on Rate Hikes Despite Record Inflation

investing.com By Yasin Ebrahim Investing.com -- The euro slipped against the dollar Friday as investors bet that the European Central Bank is unlikely to throw caution to the wind on rate hikes despite data showing inflation...

Crisis-hit Ghana changes its mind and turns to IMF for help

investing.com By Christian Akorlie ACCRA - Ghana, one of West Africa's largest economies, will hold formal talks with the International Monetary Fund (IMF) on a support package, the government said on Friday, after hundreds took...

U.S. construction spending unexpectedly falls in May

investing.com WASHINGTON - U.S. construction spending unexpectedly fell in May as single-family homebuilding stalled, more evidence that the Federal Reserve's aggressive monetary policy tightening was slowing the economy. The...

U.S. manufacturing sector slows in June; new orders measure contracts

investing.com WASHINGTON - U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, more evidence that the economy was cooling amid aggressive...

Ukraine war's disruption sends agriculture input prices up nearly 10% in Q1

investing.com - Russia's invasion of Ukraine has significantly disturbed global agricultural markets by sharply driving up prices of key products and inputs such as fertilizer and animal feed, the European Union's statistics...

Nordic central banks join the 50 bps rate hike club

investing.com LONDON - Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises, delivering their biggest policy tightening moves in two decades. June saw the U.S. Federal Reserve...

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

cnbc.com Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. Headline inflation came in at 8.6% for last month, according to preliminary figures...

Take Five: The second half

investing.com - After a torrid six months, world markets will be hoping for some sign that central banks might dial back their hawkishness. U.S. jobs data, if sharply below forecast, might prove that catalyst. Central banks are...

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

cnbc.com France and Spain experienced new inflation records in June with the latter surpassing the 10% threshold for the first time since 1985.

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

cnbc.com Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. Headline inflation came in at 8.6% for last month, according to preliminary figures...

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

cnbc.com Euro zone inflation reached a new record high in June just ahead of the European Central Bank's first rate increase in 11 years. Headline inflation came in at 8.6% (year-on-year) for last month, according to...

Dollar heads for weekly gain as investors weigh rates, recession risks

investing.com By Kevin Buckland TOKYO - The dollar was little changed against major peers on Friday, but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of a...

From stocks to crypto, a punishing six months for investors

apnews.com Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months.The S&P 500, Wall Street’s broad benchmark for many stock funds, was on pace Thursday afternoon for a...

U.S. inflation data offer no quick relief to Fed, but hint at a peak

investing.com By Howard Schneider and Ann Saphir WASHINGTON - New U.S. data for May showed little immediate relief from the record pace of inflation pushing the Federal Reserve toward another oversized interest rate increase next...

Average long-term U.S. mortgage rates ease to 5.7%

apnews.com WASHINGTON (AP) — Average long-term U.S. mortgage rates eased back this week after shooting up nearly three-quarters of a point in recent weeks.Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell...