Evening digest: US plans Saudi F-35 sales, oil prices fall
On Thursday, the US State Department notified Congress of a potential sale of up to 48 F-35 fighter jets to Saudi Arabia, while oil prices fell about 2% as concerns…
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Category: Business
Trump backs Warsh but tears into Fed board after hike: ‘they’re doing it wrong’
US President Donald Trump criticised the Federal Reserve’s latest interest-rate increase on Wednesday, saying policymakers were “doing the wrong thing” after the central bank unanimously raised borrowing costs for the…
Why Bank of England did not raise interest rates like the Fed and ECB
The Bank of England kept interest rates unchanged on Thursday but warned that a prolonged conflict in the Middle East could push inflation higher and force it to raise borrowing…
US jobless claims fall unexpectedly as labour market continues to remain strong
The number of Americans filing new claims for unemployment benefits unexpectedly declined last week, offering another indication of resilience in the US labour market even as the Federal Reserve tightens…
UK inflation hits 3.1%: why the BoE’s 2.9% miss matters before Thursday’s vote
UK inflation accelerated to 3.1% in August, moving further above the Bank of England’s target and exposing a widening gap between actual price pressures and the central bank’s assumptions just…
Why today’s Fed hike may matter less than what happens to the yield curve
The Federal Reserve is increasingly expected to raise interest rates by 25 basis points on Wednesday, after hotter-than-expected inflation and higher energy prices forced markets to rethink the path for…
What would an EU associate membership mean for Canada as Brussels opens the door?
The European Union is considering a new form of relationship with Canada that could make Ottawa the bloc’s first associate member, marking a potentially significant shift in the way Brussels…
Fed rate decision this week: why a pause could shock markets more than a hike
The Federal Reserve could deliver its first interest-rate hike since 2023 this week, but the bigger shock for markets may now be if it does nothing. Traders are pricing an…
Markets are braced for one Fed hike: Morgan Stanley is looking much further ahead
US markets are heading into this week’s Federal Reserve decision largely prepared for a quarter-point interest-rate increase. Morgan Stanley thinks investors may be paying too much attention to Wednesday and…