News Highlights : Top Global Markets News of the Day
Fed's Harker Says Inflation Will Determine Whether There Are Three or Four Rate Increases in 2018
Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday that the direction of inflation is the key determinant of how many rate increases he will support in 2018.
Stocks Regain Ground After Losses
U.S. stocks rose, putting major indexes on track for a rebound from a midweek selloff.
U.S. Consumer Price Increases Are Eating Away Worker Wage Gains
U.S. consumer prices rose for a third straight month in June, eating away at sluggish wage growth and sending inflation to its highest rate in more than six years.
Investors Bet on Higher Rates as U.S. Inflation Firms
Investors' bets that the Fed will deliver a fourth interest-rate increase in 2018 touched their highest levels this year on Wednesday, as the intensifying trade spat between the U.S. and China threatens to add to mounting inflation pressures.
After Week of Turmoil, U.K. Publishes Its Plan for Brexit
The U.K. published in detail its long-awaited plan for its future economic relationship with the EU, including proposals that have disappointed the financial-services industry.
Global Regulators Push for Faster Transition Away From Libor
Global regulators made a coordinated push Thursday urging banks and traders to hasten their transition away from using the scandal-plagued London interbank offered rate.
China's Effort to Control Debt Loses Steam
China is letting up on its drive to keep a lid on debt growth as it faces a softening economy at home and a trade conflict with the U.S.
WSJ Survey: Economists See Fed on Autopilot
Economists surveyed by The Wall Street Journal see the Federal Reserve moving in a regular pattern of quarterly interest-rate increases to keep the economy on a steady footing.
U.S. Forecasts Larger-Than-Expected Soybean Stocks on China Trade Fight
U.S. soybean stockpiles are due to grow more than expected next year, as Washington's trade dispute with Beijing eats into demand for American crops.
ECB Officials Open to Extending QE Amid Trade Threat, Meeting Minutes Show
European Central Bank officials explicitly left open the option of extending their bond-buying program again at a policy meeting last month, worried that international conflicts over trade could aggravate a recent slowdown in the eurozone economy, according to meeting minutes.