News

Climate change risks to households and businesses will vary considerably, depending on factors including the location of physical assets, energy efficiency, and individual behaviours. The financial sector will be impacted through changes in financial asset values and the effects on businesses and households. Long-run physical risks can only be reduced through policies that support a […]

Inflation breakeven rates, which reflect market expectations of the inflation outlook, all jumped after the release of the August CPI data. The two-year breakeven rate rose to 2.43%, while the 5-year breakeven advanced to 2.60% and the 10-year rate was 2.44%, according to Bloomberg data. The jumps reflect the unexpected upside surprise of the August […]

Exchange-traded funds focused on bitcoin were sliding sharply around midday Tuesday in a broad stock-market slump sparked by an inflation reading for August that was hotter than forecast. The ProShares Bitcoin Strategy ETF BITO, -7.65% was down more than 7% around midday, while the VanEck Bitcoin Strategy ETF XBTF, -7.76% and Valkyrie Bitcoin Strategy ETF […]

U.S. stocks are taking a beating on Tuesday. And as the S&P 500 SPX, -2.97% appears headed for it worst daily drop in nearly a month, only six stocks on the broad-market gauge are trading in positive territory heading into midday in New York — while all 11 sectors were trading in the red. As […]

More Wall Street economists now see the Federal Reserve moving interest rates higher than they previously expected in the wake of the “ugly” August consumer price inflation data. Economists at TD Securities said they now expect the Fed to raise its benchmark rate by 75 basis points next week and in November, followed by a […]

Pimco economists Tiffany Wilding and Allison Boxer, joining their counterparts at Jefferies, said August’s consumer-price index report points in favor of a fed funds rate target that should end up higher than where many expected. They said they expect the Federal Reserve’s forecasts to be adjusted up to a 4.5% terminal fed funds rate next […]