Latest in ECB’s chief economist warns of too low inflation if rates stay high
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10-year Treasury yield touches fresh 14-month high ahead of key inflation reports
U.S. Treasury yields leapt last week after December's jobs report came in stronger than expected.CNBC - 15h -
Small-cap stocks face heightened risk with rate cuts in question, warns BofA
The recent selloff in small-cap stocks left the Russell 2000 index in correction territory.MarketWatch - 14h -
Stocks fall back to pre-Election Day levels amid renewed inflation and interest-rate concerns
The post-Election Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as expected.NBC News - 22h -
India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.CNBC - 1d -
FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - 1d -
ECB’s chief economist warns of too-low inflation if rates stay high
Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’Financial Times - 1d -
Santa Ana winds will keep fire threat high until Wednesday evening, officials warn
The strongest winds are expected on Tuesday, according to L.A. area fire chiefs. There remains no rain in sight to help temper the flames.NBC News - 1d -
The Memories That Burn, Too
Shawn Hubler, who covers California from Sacramento, details the personal, psychological toll of the wildfires.The New York Times - 3d -
ECB urges cricket’s leaders to take action over ‘gender apartheid’ in Afghanistan
England face Afghanistan in Champions Trophy ICC called on to ‘intervene and show global leadership’ The England and Wales Cricket Board has called on cricket’s governing body to show leadership ...The Guardian - 3d -
NHL Star Power Index: Connor Bedard records career-high streak, Mikko Rantanen continues to score at high rate
Penguins defenseman Erik Karlsson is also providing offensive supportCBS Sports - 3d -
Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business
Flood of cheaper products could hit an industry already struggling with stagnant post-pandemic demandFinancial Times - 3d -
Economists Are in the Wilderness. Can They Find a Way Back to Influence?
Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.The New York Times - 4d -
A month before fires, L.A. fire chief warned about impact of budget cuts
The Los Angeles Fire Department's budget was cut by $17.6 million, about 2%, this fiscal year. The fire chief warned last month it would make it harder to respond to emergencies.CBS News - 4d -
HELOC interest rates drop to 18-month low: Should you open one now?
HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.CBS News - 4d -
U.N. Raises Global Growth Forecast, but Warns of Potential Inflation Risks
An increase in trade barriers would likely reignite price pressures, the organization says ahead of Trump’s plan to impose new tariffs.The Wall Street Journal - 4d -
Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show
“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.MarketWatch - 5d -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - 5d -
Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - 6d -
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFinancial Times - Jan. 7 -
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - Jan. 7 -
Nippon Steel chief warns Trump that tariffs alone will not strengthen US industry
Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administrationFinancial Times - Jan. 7 -
Palantir has this rare distinction as Morgan Stanley says stock price is too high
Morgan Stanley assigned a new analyst to cover hot artificial intelligence stock Palantir Technologies, and the Wall Street firm joined the ranks forecasting worse times ahead for the stock.MarketWatch - Jan. 7 -
ECB responds to calls for Afghanistan fixture boycott
The England and Wales Cricket Board calls for a unified response to action against Afghanistan amid calls for the England men's team to boycott next month's Champions Trophy match against the country.BBC News - Jan. 6 -
Analysis links fluoride exposure to low IQ but finds 'high risk of bias' in most studies
An analysis of more than 70 studies on fluoride and IQ levels concluded there was a relationship between higher levels of the common water additive and lower IQ levels in children, though a large ...The Hill - Jan. 6 -
ECB urged to boycott Afghanistan game in Champions Trophy by UK politicians
More than 160 sign letter condemning ‘sex apartheid’ Women’s cricket team disbanded under Taliban rule The England and Wales Cricket Board (ECB) has been urged to boycott next month’s Champions ...The Guardian - Jan. 6 -
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ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
ATF chief warns that agency cuts could result in dire consequences
Congressional Republicans proposed $188 million in cutbacks to the agency this year, alleging the ATF overreaches and places too many restrictions, including on pistol braces.CBS News - Jan. 4 -
What to expect in 2025 if economist forecasts are as bad as usual
Nobody has a crystal ball, and that’s demonstrated every year when Wall Street’s professionals hazard a guess on what to expect for the following year.MarketWatch - Jan. 4 -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Jan. 4 -
Experts say high food prices are here to stay. Here's why
Some experts say there's really nothing the government can do about high food prices.CNBC - Jan. 4 -
Top Fed official warns of US inflation risk after Trump takes power
Tom Barkin’s comments come just weeks before the president-elect takes office with a vow to raise tariffsFinancial Times - Jan. 3 -
Hospital flu cases rising at 'very concerning' rate, NHS England warns
The number of people with flu in hospital has quadrupled in the last month, the latest data shows.BBC News - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
What economists say about the UK’s outlook for 2025
Below are full responses to the FT’s annual survey about the British economyFinancial Times - Jan. 2 -
Elon Musk, Vivek Ramaswamy call remote work a 'Covid-era privilege.' Economists say it's here to stay
Economists say the work-from-home trend, which was widespread during the pandemic, won't diminish to its pre-Covid level because it's profitable for employers.CNBC - Jan. 2 -
FirstFT: Trump’s protectionist policies will hurt global growth, economists warn
Also in today’s newsletter, ‘terrorism’ in New Orleans and the business trends to watch in 2025Financial Times - Jan. 2 -
Get your house in order, Europe — or face 'ongoing decline,' economists warn
Economists say the absence of growth, fiscal imbalances and political intransigence could lead to decline and a loss of standing for Europe as a whole.CNBC - Jan. 2 -
The Music Is Too Loud. That’s the Point.
Vinyl-focused listening bars inspired by ones in Japan are opening across New York, attracting audiophiles and city dwellers looking for a respite from the cacophony outside their doors.The New York Times - Dec. 30