Tag: Fed rate hike

Global markets rise as weak US data cuts Fed rate-hike bets, while the dollar falls and investors watch oil, China data and Wall Street stocks. ( AFP)
Posted in Business

Global shares rise as Fed rate-hike bets fade after weak US economic data

Global shares moved higher on Monday as investors became less worried about an immediate US interest-rate hike. The move came after a series of weaker-than-expected…

Continue Reading
US core inflation eased to 3.3% in June, but it remains above the Fed's target, keeping a September rate hike firmly in focus for investors.  (Photo by Henry NICHOLLS / AFP) (AFP)
Posted in Business

US core inflation eases to 3.3% in June as September Fed rate hike remains in focus

The Federal Reserve’s preferred inflation measure, the core Personal Consumption Expenditures (PCE) price index, eased to 3.3% in June from 3.4% in May, according to…

Continue Reading