Macron has promised that by the end of the year, France will "take back control" of the country's electricity rates.

Macron stated that this goal might be accomplished with the support of state control of the utility EDF and France's nuclear fleet, but he did not specify how he planned to accomplish this goal.

Macron stated this as he was announcing a multi-year environmental strategy. "There...

Asian stocks rise following a Federal Reserve rate hike

After the Federal Reserve raised interest rates to their greatest level in more than two decades, as anticipated by Wall Street, Asian stocks were mostly higher on Thursday.

The focus of the market shifted to a decision by the European Central Bank later in the day and to whether Japan&...

In February, wholesale inflation slows down to 3.85%.

Inflation based on wholesale prices went down for the ninth straight month in February, coming in at 3.85%. This was because the prices of made goods, fuel, and electricity all went down. Inflation based on the wholesale price index (WPI) was 4.73 percent in January of this year and 13.43 percent...

China maintains its low credit rates, boosting most Asian markets, while Tokyo's stock surge continues.

Monday saw gains across Asia as the rebound in Tokyo equities continued and talks to raise the U.S. debt ceiling resumed. The Hang Seng index in Hong Kong gained 1.23 percent, making it the region's best performer, and the Hang Seng Technology index gained 2.17 percent. The People's Bank ...

After the Federal Reserve signaled a prospective pause in rate hikes, mortgage demand surged.

After the chairman of the Federal Reserve suggested an end to an unprecedented string of interest rate increases, mortgage rates declined slightly last week. The decline was not substantial, but it was sufficient to increase demand among current homeowners seeking to refinance their mortgages at ...

Ueda, head of the Bank of Japan, promises to keep rates low for the time being but hints at a possible rate hike in the future.

Kazuo Ueda, governor of the Bank of Japan, emphasized on Tuesday the need of maintaining a low interest rate environment for the time being but left open the possibility of a rate hike if inflation and wage growth exceeded expectations. Ueda told lawmakers that "monetary easing, now conducte...

In May, bond rates for Series I are predicted to drop below 4%.

Inflation-proof and nearly risk-free Series I bonds have seen unprecedented demand over the past year. However, yields have been declining and are expected to continue doing so in May, according to industry experts.

According to the most recent data on the consumer price index, new I bo...

The Fed's aggressive approach has put Korea under duress.

The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...

U.S. employment data boosts the dollar and yields, and gold prices fall.

On Thursday, gold prices dipped as the U.S. weekly jobs data suggested a tight labor market, which could keep the Fed on its rate-hiking cycle and support the currency and Treasury yields.

At 3:23 p.m. ET on Thursday, spot gold had fallen to $1,836.39 per ounce after gaining in each of ...

As rate increases approach, stocks find it difficult to advance.

Despite the dollar reaching multi-week highs, Asian stock markets were pinned near seven-week lows on Thursday due to investors' concerns that interest rates would need to keep increasing and remaining high to stop inflation in the wake of a slew of positive economic data. The broadest MSCI m...

Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.

Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...

As bond yields approach the ceiling once more, the Bank of Japan may announce a significant policy adjustment this week.

With government bond rates increasing and the yen strengthening, the Bank of Japan is scheduled to hold a meeting this week, and some economists are predicting that it may abandon its yield curve management policy. The Bank of Japan surprised markets by increasing its tolerance range for 10-year ...

The stock market slumps as the Fed's strong stance dampens China's surge.

In spite of China's latest reopening plans, Wall Street was expected to take it easy on Thursday due to positive jobs statistics and the Fed's clear signal that interest rates will not be slashed anytime soon. Overnight, equities in Asia and the Pacific outside of Japan hit a four-month h...

The yearly increase in home prices in November was the lowest in two years.

The freezing winter weather of declining home prices is being caused by rising mortgage rates discouraging potential purchasers. CoreLogic reports that while November's price increase was still 8.6 percent over the same month in 2021, it was the first year-over-year measurement in the single ...

Mortgage applications will fall by 13.2% by the end of 2022 as interest rates rise once more.

Mortgage interest rates spiked again at the end of the year after a brief respite in the first half of December, weighing on mortgage demand. The seasonally adjusted index maintained by the Mortgage Bankers Association showed a 13.2% drop in mortgage application volume as of the end of last week ...

Throughout 2021, cancer remained the leading cause of death in South Korea.

For every 100,000 people, the death rate from lung cancer was 36.8; next highest was liver cancer at 20.0; then came colorectal at 17.5; then stomach at 14.1; and finally pancreatic at 13.5. New statistics from the South Korean Statistical Office showed on Tuesday that despite the ongoing expansi...

Fed Minutes predict a 'soon' slowdown in interest rate hikes and a 'likely' recession in 2023

According to meeting minutes disclosed Wednesday, Federal Reserve officials agreed in November that they would need to halt the pace of interest rate rises shortly.

While noting that inflation had not yet showed significant indications of abating, the minutes stated that "a strong ...

Germany proposes a one-year moratorium on energy price increases.

The administration has already stated that the cost of gas and electricity would be capped next year. According to Bild, energy companies may now be prohibited from boosting rates, with previously announced increases due to be reversed.

The German government plans to prevent energy prov...

The Fed raises interest rates by 75 basis points and declares that there are "far to go" while expressing hope for a slowdown

The Federal Reserve raised interest rates by 75 basis points on Wednesday, as predicted, for the fourth time in a row, while also avoiding any explicit signal of an end to its relentless tightening.

The central bank did, however, change its phrasing to give Wall Street and economists ho...

Fed Raises Interest Rates by 75 Points, Says There's Still Work to Do, and Expresses Hope for a Slowdown

Wednesday, as expected, the Federal Reserve raised interest rates by 75 basis points, its fourth consecutive increase, but avoiding any express indication that it will cease its relentless tightening.

The central bank modified its language to offer Wall Street and economists who had ant...