Market sees next Fed hike in October, following Barr comments and hot inflation reading
S&P Global said its overall inflation measure hit its highest level since October 2022.
Today's focus
Equities Global marketsCentral banks Rates & policyTechnology AI & innovationEnergy Commodities & supplyGlobal trade Business & geopolitics
Trade World News / Section
Markets
Stocks, currencies, commodities and the forces moving prices.
TW
Latest stories
396 stories
Markets desk
Affordability concerns loom large for advisors' clients ahead of midterm elections, survey finds
Advisors' clients are worried about both short- and long-term costs and whether Social Security and Medicare will be there when they retire, a new survey finds.
Trump faces Xi as strains with allies complicate U.S. pressure on China
As Trump prepares to meet Xi, strains with U.S. allies are complicating Washington’s efforts to marshal pressure against an increasingly resilient China.
Iran's president blames U.S., Israel for global instability in defiant UN speech
Pezeshkian began his address to the UN General Assembly in New York City by holding up photos of children he said were killed by U.S. and Israeli bombs.
McDonald's CEO expects high inflation, flat traffic are not going away for restaurant industry
McDonald's CEO Chris Kempczinski said that he expects that high inflation and flat traffic will continue to weigh on the restaurant industry.
Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Toms, which manages just over $4 billion in assets, says in the letter it is now one of Devon's top five shareholders.
72% of Americans would slow financial progress to enjoy life now, SoFi survey finds
SoFi found 72% of Americans are willing to make slower progress on financial goals to prioritize family, travel and meaningful experiences.
IonQ shares rise after company says it made a major quantum computing breakthrough
Shares of quantum computing company IonQ rose following its successful test of the industry's first real-time end-to-end error decoder.
Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.
Trump-Xi meeting: Why China's self-sufficiency changes the calculus
Persistent growth of Chinese exports to the U.S. is helping the world's second-largest economy ride out ongoing domestic challenges.
10-year Treasury yield leaps to fresh 19-year high after hot economic readings
Treasury yields traded higher on Wednesday as new services and manufacturing sector data increased worry of further Federal Reserve rate hikes.
CFTC says prediction markets' 'mentions' contracts present a higher risk of manipulation
The announcement comes after reports in August that the agency was conducting an internal review into the event contract type.