Fed’s Hammack says ‘now is the time to act’ on raising interest rates
Cleveland Federal Reserve President Beth Hammack on Thursday repeated her call for higher interest rates, saying recent inflation data shows
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Economy
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve’s main
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Stanley Druckenmiller leads doubters who think Bessent’s bond ploys will fail
Treasury Secretary Scott Bessent’s bond market interventions have generated a modest decline in yields along with a growing chorus of
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China needs U.S. dollars but is building a hedge against Washington’s sanctions
China’s President Xi Jinping (R) and US President Donald Trump visit the Temple of Heaven on May 14, 2026 in
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‘They asked too much’: Canadian dollar slides as Ottawa and Washington head for all-out
The Canadian dollar dropped on Monday morning after trade talks between Ottawa and Washington fell apart, leaving both sides facing
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Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources
The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases
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Singapore inflation hits highest in nearly two years, but undershoots expectations
A housewife (R) buys vegetables at a wet market in Singapore Roslan Rahman | Afp | Getty Images Singapore inflation
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Bessent’s bond gambit aimed at calming markets is instead stirring inflation worries
Scott Bessent, Treasury Secretary, speaking a the CNBC Invest in America Forum in Washington, D.C. on April 15th, 2026. CNBC
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Bessent says there’s a ‘very good chance’ U.S. budget deficit under Trump has peaked
Treasury Secretary Scott Bessent said Thursday there’s a “very good chance” that the U.S. budget deficit under President Donald Trump
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Bessent’s efforts in the Treasury market so far haven’t worked. Here’s what else he can try
Treasury Secretary Scott Bessent speaks to members of the media outside the White House in Washington, Aug. 20, 2026. Yuri
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