Analysis-EU-beating wage gains unnerve central Europe’s rate-setters
By Gergely Szakacs and Karol BadohalBUDAPEST/WARSAW (Reuters) - Double-digit wage rises far outpacing average growth rates in the European Union...
archiveRate Cuts
Dollar pares losses as Fed officials project only one rate cut this year
By Karen BrettellNEW YORK (Reuters) -The dollar dropped on Wednesday after data showed that consumer prices in May rose less...
Bank of England’s Greene cautions against early interest rate cuts in UK
Bank of England policy maker Megan Greene said interest rate cuts “should still be a way off” in the UK, helping to fuel a shift in markets away from anticipating a sharp drop in borrowing costs.The remarks in the Financial Times signal that Greene is tilted toward the hawkish side of the BOE’s nine-member Monetary Policy Committee. She warned that Britain can’t yet declare victory in reining in inflation even though those forces have receded in recent months.“The risk of inflation persistence is diminishing as these indicators come down in...
US stocks rebound from inflation-fueled sell-off
Salesforce's (CRM) stock was up more than 2% on Wednesday after launching a new AI-focused product on Slack.Yahoo Finance's Dan...
