The British pound rose and gilt yields fell a second day after reports that U.K. Chancellor Kwasi Kwarteng will publish debt-reducing plans early, a day after a U-turn over widely Read more
Tag: Money/Currency Markets
Opinion: Looking for a cheap retirement spot? Europe is a good deal for Americans
I’m currently visiting London, and thanks to the turmoil on the foreign exchange markets I feel about as rich as Rockefeller. The British pound, which in 2007 cost $2.11, is Read more
Forget the 4% retirement spending rule. Would you believe 1.9%?
Retirees and near-retirees have known for some time that the famed 4% rule needs to be revised downwards. But by how much? Would you believe 1.9%? That’s the conclusion of Read more
Fed’s Barkin expects inflation to come down a bit in coming months
All signs point to lower U.S. inflation in coming months, Richmond Fed President Thomas Barkin said Friday. “Inflation should come down a bit. I don’t expect it to be immediate. Read more
Chicago PMI falls sharply in September to lowest level in more than two years
The Chicago Business Barometer, also known as the Chicago PMI, dropped sharply to 45.7 in September from 52.2 in the prior month. Economists polled by the Wall Street Journal forecast Read more
Chicago PMI falls sharply in September to lowest level in more than two years
The Chicago Business Barometer, also known as the Chicago PMI, dropped sharply to 45.7 in September from 52.2 in the prior month. Economists polled by the Wall Street Journal forecast Read more
Global bonds undergo worst selloff since the 90s: JPM
Global investment-grade bonds are suffering their worst selloff in at least three decades based on the year-to-date yield spike of the Bloomberg Global Aggregate Bond Total Return Index. As a Read more
Fed must try to avoid a ‘harsh recession,’ Daly says
The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep recession Read more
Crypto CEOs are leaving their jobs. Here’s why
Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and Read more
Why bitcoin and ether are outperforming stocks, despite dollar’s rally
Bitcoin and ether have outperformed major stock indexes so far this week, despite the dollar’s continued rally as Treasury yields have climbed. Bitcoin BTCUSD, -0.82% lost about 1.4% on Thursday, Read more