Gold Steadies as Conflicting Iran Signals Cloud Path for Rates
Gold held a decline as conflicting signals on efforts to end the Iran war clouded the outlook for inflation and the Federal Reserve’s path for interest rates.
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Gold held a decline as conflicting signals on efforts to end the Iran war clouded the outlook for inflation and the Federal Reserve’s path for interest rates.
Two weeks out from the Midterm elections, there’s bipartisan pushback against data centers that suck the water and power out of communities. Just two years ago, ChatGPT was still a brand new thing, and AI was admired with awe by most voters. Like in 2024, the hot button issue in swing constituencies remains inflation or ‘the price of eggs’. But anxiety over the end of the month is now coupled with anxiety over the end of the world. In 2026, bots and large language models write papers and churn out campaign ads. We'll ask about calls for regulation despite fierce resistance from tech billionaires and whether the latest wobbles from the stock market signal that the race to corner the market and scale up at warp speed may be running out of road.
Cinve now expects Uruguay inflation of 5.4% in December, up from 4.8%, and above the central bank's 4.5% target until May 2027. The post Uruguay Inflation Seen at 5.4% by Year End appeared first on The Rio Times.
Treasuries are set to keep falling out of favor as an equity hedge amid a return to a persistently elevated inflation regime. Frances Donald, Chief Economist at RBC, breaks down this elevated inflation regime and what it means for wages, the labor market, and US economy as a whole. (Source: Bloomberg)
Ahead of the midterms Trump has boasted about the performance of the US economy. BBC Verify looks at inflation, jobs and economic growth in the country.
Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup Inc.’s top Australia banker.
New Zealand inflation likely eased slightly in the third quarter, but the respite is set to be short-lived as a weaker currency and surging oil prices drive an acceleration in the final three months of the year, building the case for rate hikes.
At first glance, the past week’s inflation data look hot enough to change the Fed debate, but the details were less alarming: Inflation breadth narrowed, and traders expect PCE inflation later this month to tell a similar story. Jennifer Lee, Senior Economist at BMO Capital Markets, discusses global tightening and her outlook for the Fed's inflation fight. (Source: Bloomberg)
Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent. A growing divide is visible everywhere: in households, in businesses and even in consumer habits. Our correspondents Serge Berberi and Renée Davis report.
Mexico inflation bets surged 36 points, Brazil’s runoff odds tightened and Ethiopia war odds fell. See what traders expect next. The post LatAm and Africa Prediction Markets, Week of 19 Oct appeared first on The Rio Times.
Uruguay's central bank forecasts 4.9% inflation at the end of 2026 and 4.1% in 2027, with growth of about 1% this year and 2.5% next year. The post Uruguay Inflation Forecast Set at 4.9% appeared first on The Rio Times.
China's economy grew 4.5% in the third quarter, beating forecasts, while euro-area inflation hit 3.8% and Brent held near US$106 a barrel. The post China Grows 4.5% as Euro Inflation Hits 3.8% | Global Economy, Oct 19 appeared first on The Rio Times.
Brazil's Ibovespa rose 0.54% on Friday as Petrobras gained 4%. Inflation data at 8:00 BRT and the Focus survey at 8:25 BRT set the Selic tone today. The post Brazil Stocks Rose 0.5% as Petrobras Jumped 4% | Morning Call, Oct 19 appeared first on The Rio Times.
Australia’s labor market is showing signs it is softening faster than the central bank expected, Reserve Bank Assistant Governor Christopher Kent said, underscoring the tradeoff policymakers face as they seek to slow inflation while preserving gains in employment.
A hotter September CPI print could delay rate cuts and rattle the rand, while a cooler core reading would support a hold at 7.25%. The post South Africa Inflation Test Looms for the Rand and Rates appeared first on The Rio Times.
Police and protesters clashed violently in Paris and other French cities Saturday on the sidelines of nationwide marches against soaring inflation, with one demonstrator's hand blown off, multiple blazes set and looters breaking into dozens of stores to strip them bare.
Bangkok, Oct. 16 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Friday that he cannot tolerate underlying inflation rising further above 2 pct. Excluding temporary factors, the underlying inflation rate is quite close to the BOJ's 2 pct target, Ueda reiterated after a series of meetings, including a gathering of finance ministers and central bank chiefs from the Group of 20 major econ...
Low-income countries spend up to 14 percent of their revenue on debt repayments, IMF chief says.
Argentina devaluation talk is back. Bank data show US$15.2 billion of purchases lifted reserves only US$8.8 billion, and inflation rose after 2023's jump. The post Argentina Devaluation Would Test US$49.7bn appeared first on The Rio Times.
US tech stocks fell on AI debt worries and the dollar slipped; euro area inflation was confirmed at 3.8% and China's GDP is due on 19 October. The post US Tech Stocks Fall Over 2% as AI Debt Fears Grow | Global Economy, Oct 17 appeared first on The Rio Times.
Wall Street has spent the year betting on staggering AI growth while worrying about stubborn inflation. This week, investors got a fresh taste of both risks: a deepening rout in the AI complex that reached into its debt financing, and oil at $110 a barrel threatening to make inflation harder to contain.
Jamaica inflation rose to 8.6% in September, the highest since December 2022, as food and fuel prices climbed, the statistics office said. The post Jamaica Inflation Hits 8.6% in September appeared first on The Rio Times.
As inflation shows little sign of cooling, the Fed keeps reaching for the same lever: higher interest rates, even at the risk of higher unemployment. But what if there is another way? Isabella Weber, an economics professor at Amherst College, joins Max Chafkin on the Everybody's Business podcast to discuss why affordable essentials for every citizen should be the priority of a democracy and why the idea of strategic price controls is gaining momentum. (Source: Bloomberg)
UBS Chief Economist Arend Kapteyn discusses the Fed’s rate outlook following hotter inflation data, the impact of AI investment and borrowing on bond yields, and why he believes AI fundamentals remain strong despite the recent market selloff. Kapteyn also weighs in on Europe’s economic challenges, competition with China and France’s fiscal outlook. He spoke on Bloomberg Brief. (Source: Bloomberg)
South African Reserve Bank Governor Lesetja Kganyago says they will make their policy decisions meeting by meeting. He spoke to Bloomberg’s Avril Hong on the sidelines of the IMF-World Bank meeting in Bangkok ahead of the SARB’s final policy meeting of the year, next month. (Source: Bloomberg)
Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks. (Source: Bloomberg)
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Societe Generale Americas Head of Research Subadra Rajappa, Columbia Threadneedle Investments Global Head, Fixed Income Gene Tannuzzo, BoFA Securities head of US Credit Strategy Neha Khoda, and JPMorgan Asset Management Fixed Income Portfolio Manager Stephanie Doyle. (Source: Bloomberg)
Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments, and Subadra Rajappa, head of research at Société Générale Americas, join Scarlet Fu on "Bloomberg Real Yield." US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. (Source: Bloomberg)
Ethiopia's annual inflation slowed to 14.9% in September from 15.1%, yet sugar and meat prices keep climbing and the central bank's policy rate stands at 16%. The post Ethiopia Inflation Slows to 14.9% appeared first on The Rio Times.
Statistics Botswana said annual inflation fell to 7.8% in September from 9.3% in August, still above the central bank's 3% to 6% target range. The post Botswana Inflation Slows to 7.8% From 9.3% appeared first on The Rio Times.