Why the Bank of England Didn't Follow the Fed in Raising Rates
The U.K. central bank is monitoring for signs that higher energy costs are spilling over into everyday prices.
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U.S. Housing Starts Fell in August, Missing Expectations
Housing starts fell 2.6% in August to 1.275 million. Economists expected a reading of 1.3 million and for starts to rise 4.9% over the month.
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Stocks Rally, Yields Fall as Lower Oil Boosts Market Mood
U.S. futures advanced and 10-year Treasury yields fell below 5% in early European trade, as lower oil prices soothed sentiment.
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Oil Prices Slip After Fed's First Rate Hike in Three Years
Oil prices fell again in early European trading Thursday, helped by hopes Saudi Arabia could also restore some disrupted export capacity.
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Taiwan Central Bank Holds Rates, Raises Growth and Inflation Forecasts
The decision had been expected to be a close call, with economists polled by The Wall Street Journal nearly evenly split over whether policymakers would raise rates or hold steady.
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Saudi Arabia Has Another Option to Get Its Oil Out
A shuttle service that slips oil through the Strait of Hormuz now looks like the kingdom's best fallback.
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Higher Interest Rates Lead to More Inflation, Says This Economist. Take That, Central Bankers.
John Cochrane, a senior fellow at the Hoover Institution, says that rate cuts will lower inflation only in the short term so long as fiscal policy favors borrowing and spending.
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Warsh Takes Hawkish Turn With Rate Rise and Hints of More to Come
Economists said the Fed chairman's view that policy isn't restraining the economy, and his emphasis on the energy shock, argue for a longer tightening campaign.
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Trump Says Allowing Canada to Become Associate Member of EU Could Be 'Hostile Act'
The president threatened to either cut off trade or impose more tariffs on European countries.
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French Bond Yields Are Surging, Too. Will the ECB Step In?
France is running a 5%-of-gross-domestic-product budget deficit, with prospects of consolidation faint at least until presidential elections next April.