TOKYO—Japan’s jobless rate fell to 2.7 percent in December as employment posted the biggest monthly gain in nearly 36 years, government data showed on Tuesday. The seasonally adjusted unemployment rate in December was lower than the 2.8 percent in the previous month, which was also the median forecast in a Reuters poll of economists. The…
Japan’s December Jobless Rate Falls as Monthly Employment Gain Hits Near 36-year High
Fed’s Barkin Says Pace of US Rate Hikes Depends on Inflation
How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and, more specifically, with inflation, Richmond Fed President Thomas Barkin said on Monday. “I’d like the Fed to get better positioned, and I think we’ve got a good…
Bank of America Says It Sees Seven Fed Rate Hikes This Year
Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the most aggressive views on Fed tightening among major banks. Economists have scrambled to update rate hike expectations since the Fed on Wednesday said it…
Dollar Set for Biggest Weekly Rise in 7 Months on Rate Bets
LONDON—The dollar consolidated gains on Friday and was on track for its biggest weekly rise in seven months as bets of higher interest rates fuelled the U.S. unit’s gains versus rivals. With money markets pricing 32 bps of rate hikes in March and as many as 124 bps in cumulative increases before the end of…
Dollar Races Higher as Markets Brace for Larger, Faster Rate Hikes
LONDON—The dollar soared to its highest levels since July 2020 against other major currencies on Thursday, powered by bets the U.S. Federal Reserve could deliver faster and larger interest rate hikes in the months ahead. A day after the Fed flagged that it was ready to start lifting rates in March to contain inflation, money…
World Stocks Mixed After China Rate Cuts, Japan Export Gain
BEIJING—Global stocks were mixed Thursday after China cut interest rates and President Joe Biden said “we’re not there yet” on lowering punitive tariffs on Chinese goods. London and Tokyo gained while Shanghai and Frankfurt declined. Wall Street futures were higher after the benchmark S&P 500 index lost 1 percent on Wednesday. The Chinese central bank…
Canadian Inflation Hits 30-year High, Boosting Chances of Early Rate Hike
OTTAWA—Canada’s annual inflation rate accelerated again in December, hitting a 30-year high, data showed on Wednesday, bolstering expectations the central bank could start hiking interest rates as early as next week. Inflation rose to 4.8 percent, in line with expectations and up from 4.7 percent in November, Statistics Canada said. It was the ninth consecutive…
Global Shares Mostly Fall as Investors Mull Likely Rate Hike
TOKYO—Global shares were mostly lower Tuesday following a national holiday in the U.S, while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates that killed at least three people. Benchmark U.S. crude rose $1.44, or 1.7 percent, to $85.26 a barrel in electronic trading on the…
Dollar Steadies as Traders Reassess Rate Hike Bets
LONDON—The dollar edged lower on Monday as traders took the view that Federal Reserve tightening moves were largely priced in, while the euro eased from Friday’s two-month high. An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China’s move only…
Senior ECB Official: Rate Rise Too Soon Could Choke Recovery
January 15, 2022
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BERLIN—A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate. The European Union’s statistical office said on Jan. 7 that the annual inflation rate rose to 5 percent in December—the highest level in…
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