The US Federal Reserve has finally, and belatedly, accepted what most in and around financial markets recognised quite some time ago: US inflation is raging out of control and far more decisive efforts to stamp it out are required. After its half-hearted 25 basis point increase to the federal funds rate in March – after two years where the rate […]

After seeing modest weakness for much of the session, treasuries showed a significant move to the upside going into the close of trading on Wednesday. Bond prices moved sharply higher in the final minutes of trading, closing firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 4.3 basis points to 2.917 […]

New York (CNN Business)Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to former New York Federal Reserve President Bill Dudley. “What’s happening right now is exactly what the Federal Reserve wants to happen,” Dudley told CNN in an interview, referring to recent volatility in the financial markets. Turbulence on Wall […]

A vial of Regeneron monoclonal antibody sits on a medical table as registered nurse Jessica Krumwiede attempts to find a vein to administer it to Cathy Hardin, who was vaccinated prior to testing positive for the coronavirus disease (COVID-19), at the Sarasota Memorial Urgent Care Center in Sarasota, Florida, U.S., September 23, 2021. REUTERS/Shannon Stapleton/File Photo(Reuters) -Regeneron Pharmaceuticals reported a […]

TORONTO (Reuters) -Canada’s Prime Minister and Deputy Prime Minister affirmed on Tuesday their support of women’s right to choose after a leaked draft ruling suggests the U.S. Supreme Court is prepared to strike down a landmark decision legalizing abortion.Slideshow ( 3 images )The Bloc Quebecois, a federal political party, also moved a motion in Canada’s Parliament Tuesday to recognize a […]

TAIPEI (Reuters) – Taiwan’s Defence Ministry on Tuesday said deliveries of shoulder-fired Stinger anti-aircraft missiles could be delayed, saying they were pressing the United States to deliver on schedule as the war in Ukraine pressures supplies.FILE PHOTO: Soldiers from Taiwan demonstrate a U.S.-made dual mount Stinger missile system during the opening day of the “Taipei Aerospace and Defense Technology Exhibition” […]