On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about
Until a few months ago, Kloe Lloyd, who works as a policy and advocacy associate for a research firm in Washington, D.C., did not have saving for retirement on her to-do list. “It’s been a struggle,” the 25-year-old told Yahoo Finance. “A lot of Gen Zers like me got a late start with our career
Homebuyers hoping to capture a lower mortgage rate on the back of the Federal Reserve cutting interest rates in 2024 may have to wait a little longer. The housing market, still rebounding from COVID-induced inflationary pressures and the Fed’s rate hikes aimed at stabilization, was eyeing relief from three projected policy adjustments later this year.
The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting | Istock | Getty Images Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. “We will watch currency market developments
BUENOS AIRES, Argentina (AP) — Sergio Gómez, a store owner in Buenos Aires, spends his days behind an empty counter, one nearly as empty as the large refrigerators in which he used to freeze meat. Above him, a blackboard displays outdated prices for the different cuts that he no longer sells. The small grocery store
Ireland is home to hundreds of US companies but the rising cost of property is proving to be a complication for business. ADVERTISEMENT Housing is seen as the main obstacle for US companies operating in Ireland, according to the American Chambers of Commerce and as reported by Ireland’s public service broadcaster RTE. Specifically, 98% of
Photo credit KAZUHIRO NOGI AFP via Getty Images Japan’s Government Pension Investment Fund, one of the world’s largest pension portfolios, has recently shown interest in exploring bitcoin. On March 19, GPIF unveiled plans to devise new long-term investment policies aimed at adapting to the rapid technological changes and shifts within traditional finance. The fund has
(Bloomberg) — Turkey’s central bank has the independence to take measures needed to slow inflation, according to the country’s finance chief, who’s been leading a policy overhaul since national elections in May. “The central bank has a free hand, so to speak,” Treasury and Finance Minister Mehmet Simsek told the Kanal 7 TV channel on
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Bloomberg | Bloomberg | Getty Images The index factors in 100 indicators under five categories: business perception, economic fundamentals, financial services, institutional framework, and international standards and policy. Denmark ranked third on economic fundamentals which capture macroeconomic performance, workforce talent,
(Bloomberg) — Bond investors who were once convinced that the Federal Reserve would start cutting interest rates this week are painfully surrendering to a higher-for-longer reality and a murky path forward for the market. Most Read from Bloomberg Treasury yields spiked in recent days and are on the cusp of setting new highs for the