Dollar Rebounds From One-Year Low
The dollar rebounded from a one-year low as resiliency in core US retail sales, an increase in short-term inflation expectations, and…
Oil Prices Fall on Concerns Over Recession
Oil prices have fallen following two days of gains, as investors remained concerned about a potential US recession and weakening…
Chinese Consumer Inflation Rises at Lowest Rate Since September 2021
Chinese consumer inflation rose at the lowest rate since September 2021 in March, as food prices fell, official data shows. The National…
Oil Prices Remain Steady as Investors Evaluate Tight Supplies
Oil prices have remained relatively unchanged, as investors evaluated the likelihood of tighter supplies from OPEC+ producers beginning in May against concerns…
US Bank Deposits Increase for First Time in Almost One Month
Deposits at US commercial banks increased for the first time in almost a month at the end of March, indicating stabilization…
Fed’s Mester Says Too Early to Tell if Rate Hikes Needed
President of the Cleveland Federal Reserve Loretta Mester has said it is too early to tell if the Fed will need to raise…
Canadian Manufacturing Activity Contracts in March
Manufacturing activity in Canada contracted in March following two months of expansion, with economic uncertainty weighing on output and new orders, dampening…
OPEC+ Announces Surprise Reduction in Output
Saudi Arabia and other OPEC+ oil producers have announced further reductions in output of approximately 1.16 million barrels per day, a…
Riksbank Governor Warns Further Rate Hikes Likely
Riksbank Governor Erik Thedeen has said that the Swedish central bank may have underestimated inflationary pressure and will likely adhere to its…
Federal Reserve Returned Less Money to US Treasury in 2022
The Federal Reserve returned less money to the US Treasury in 2022 due to rising interest rates, according to an audited financial…