Vanguard Chief Economist Qian Wang projects inflation will reach around 3% by year-end before easing toward 2.5% by the end of 2027. She identifies elevated energy prices and near-term AI capital investment as the primary drivers keeping price pressures high. (Source: Bloomberg)
The UK is preparing to impose import levies on Chinese electric vehicles to meet a key demand from the European Union, the Times of London reported, in a blow to a group that now accounts for nearly one in four cars sold in the country.
President Donald Trump’s chief economic adviser called on former Federal Reserve Chair Jerome Powell to leave the central bank’s board after an internal report cited management failures in the renovation of its headquarters.
Australia’s auction clearance rate fell to a three-month low as long weekends in some states and the central bank’s interest-rate increases damped activity.
Any urgency among Federal Reserve and European Central Bank policymakers to follow up September interest-rate hikes at this month’s meetings has been dialed back in the wake of soft US jobs data and acute stress in French financial markets.
Treasury Secretary Scott Bessent said the recent rise in US Treasury yields was in line with global trends and didn’t warrant consternation, even as worries about persisting price pressures pushed some benchmark rates to their highest in more than two decades.
German Chancellor Friedrich Merz is set to meet both of the frontrunners to succeed European Central Bank President Christine Lagarde, people familiar with the matter said.
America’s “exceptionally large” budget deficits and inexorably rising debt risks making it increasingly vulnerable to fickle investors, Scope Ratings warned.
Vietnam’s economy accelerated more than expected in the third quarter on rising foreign investment and factory output, putting the nation in reach of the government’s ambitious double-digit growth goal for the year.
Federal Reserve Chairman Kevin Warsh has vowed to avoid sending clear signals to investors on where interest rates are headed. His top deputies made clear this week they’re willing to oblige — and investors showed they’re still listening.
UK inflation could near 5% if President Donald Trump stopped US exports of diesel, economists warned after motorists saw prices hit £2 ($2.7) per liter for the first time ever.
Rebecca Patterson, the former Bridgewater Associates LP chief investment strategist, warned that the US Federal Reserve’s unanimity on last month’s interest-rate hikes is likely to crack in October as policymakers diverge over next steps.
Some City of London executives are concerned the government may use this month’s budget to levy a windfall tax on the profits of domestic banks even as the UK operations of international lenders are exempted, according to people with knowledge of the matter.
The biggest force in Peru’s gold industry these days isn’t Newmont Corp. or Buenaventura. It’s the thousands of illegal miners digging across South America’s No. 1 gold producer.
