Two Fed Officials Say Inflation Should Have Prompted Higher Rates
The central bankers, Beth Hammack and Neel Kashkari, said Kevin Warsh's Fed should have raised rates this week in the face of persistent price pressures.
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U.S. Stock Futures Higher Nasdaq Gains Despite Apple Selloff
Futures were boosted by a tech rally fueled by relief after a sale of stock by the firm, Situational Awareness, gave investors more confidence to wade back into AI-related stocks.
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Situational Awareness Down 67% in July in AI Stock Rout
"We let you down this month," Leopold Aschenbrenner's hedge-fund firm told investors after selling the bulk of its stocks to Citadel.
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Bank of Japan Stands Pat But Weak Yen Threatens Inflation Outlook
Japan's central bank kept monetary policy unchanged, though the BOJ's governor signaled growing concerns about inflation overshooting its goal.
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Eurozone Inflation Rebounds as High Energy Prices Persist
Inflation in the eurozone rose this month further above the European Central Bank's target, as energy costs accelerated again and services prices firmed.
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China's Factory Activity Gauge Unexpectedly Signals Contraction
The official manufacturing purchasing managers index signaled a contraction in activity for the first time in five months, raising pressure on Beijing to support growth.
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Korea's Kospi Logs Record Daily Gain, Defying Efforts to Tame Wild Swings
The country's regulators have imposed increasingly stringent restrictions on single-stock leveraged exchange-traded funds tracking SK Hynix and Samsung Electronics.
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Kevin Warsh's Honeymoon With the Bond Market Is Already Over
Investors warned that the Fed must show commitment to inflation fight after Wednesday's selloff.
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Why the Bull Market Can Survive August's Slump
Stocks are likely to post another month of declines, but Truist's Keith Lerner likes the longer game.
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Mortgage Rates Jump to a One-Year High
Four straight weeks of rising mortgage rates pushed the 30-year borrowing rate this week to 6.66%.
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