inflation

Japan 30-year bond yield hits record as global rout deepens

Long-term borrowing costs are climbing across the developed world. Japan's 30-year government bond yield reached a record 4.235% on Monday, and investors expect more pressure on the US, French and British debt markets. Higher energy prices tied to the war…

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Bessent downplays Treasury yield surge as global trend

The 10-year U.S. Treasury yield rose as high as 5.342% on Thursday, Oct. 1. It passed its 2007 peak and reached its highest level since early 2002, Reuters reported. The move came as a global sell-off in government debt sent…

European stocks rebound as weak US jobs data cools Fed bets

European shares rose on Friday, a day after a bond-market selloff pushed them to their lowest level in more than three months. Lower oil prices and a weaker-than-expected US jobs report reduced the odds of another Federal Reserve rate hike…

Bond markets steady after Treasury yields hit 2002 high

A global selloff in government bonds pushed the 10-year US Treasury yield as high as 5.34% on Thursday, its highest level since 2002. The move followed the benchmark's largest quarterly rise this century. Bond markets steadied on Friday, Oct. 2.…

FAO says world food prices hit highest since November 2022

World food prices rose again in September and reached their highest level since November 2022. The U.N. Food and Agriculture Organization (FAO) said on Friday that problems with shipping routes and worries about the weather were pushing up prices for…

Traders trim ECB hike bets as eurozone inflation jumps

Traders cut back their bets on European Central Bank rate hikes on Friday. Euro-area government borrowing costs have jumped, and investors now think policymakers may have to go easier to protect the bloc's more indebted members. That shift came on…

Eurozone inflation jumps to 3.8%, highest in three years

Inflation in the euro zone rose to 3.8% in September from 3.2% in August, Eurostat's flash estimate showed on Friday. That is the highest rate since September 2023 and above economists' forecasts. Higher energy costs tied to the Middle East…

IMF says bond markets orderly as Treasury yields soar

The International Monetary Fund said on Thursday that global bond markets are still working in an orderly way. The statement came after a sharp selloff in government debt pushed borrowing costs around the world to their highest levels in decades.

FAO economist warns food crisis could hit by early 2027

Two warnings this week say the world may be heading toward a food crisis. India's External Affairs Minister S. Jaishankar said wars in Ukraine and the Middle East, along with a "super El Niño," could cause a "major food crisis"…

Nagel says ECB targets inflation, not French bond spreads

Consumer prices in the euro zone's largest economies rose faster than expected in September as energy costs from the Iran war kept climbing. The figures have increased pressure on the European Central Bank to raise interest rates a third time…

Asian currencies slide as US yields hit two-decade high

Most Asian and emerging-market currencies fell on Thursday. The US dollar held close to a two-month high, propped up by rising Treasury yields and by oil prices kept high by the Middle East conflict. The Indian rupee drifted toward the…

Global crop prices post biggest quarterly jump since 2022

Global farm prices rose more in the third quarter than in any quarter since Russia invaded Ukraine in early 2022. The rise could feed through to food costs and make it harder for central banks to hit their inflation targets.

ECB sees no major wage response to inflation surge

The European Central Bank is not detecting a broad wage response to this year's energy-driven inflation spike, the bank's chief economist said Wednesday, offering reassurance that rapid price growth is not yet becoming entrenched in the euro area economy.

France extends fuel subsidies as Europe races to cushion energy crisis

European governments are deploying billions of euros in emergency relief measures to shield households from soaring energy prices driven by the ongoing conflict in the Middle East and the blockade of the Strait of Hormuz. From fuel tax cuts in…

Fuel prices surge past $100 as Middle East crisis chokes global oil supply

Fuel prices across Europe climbed again this week as the ongoing conflict between the United States, Israel, and Iran continues to choke global energy supplies through what the International Energy Agency has called "the largest supply disruption in the history…

ECB’s Lane warns inflation won’t ease until mid-2027

European Central Bank Chief Economist Philip Lane said a second wave of energy price increases will keep eurozone inflation elevated longer than anticipated, with prices not falling back toward the ECB's 2% target until mid-2027. Lane made the remarks in…

ADB warns Asia faces sustained inflation through 2027

The Asian Development Bank on Wednesday warned that wars in Europe and the Middle East, combined with a severe El Niño weather pattern, are amplifying price pressures across Asia and will likely keep inflation elevated through 2027, forcing central banks…

Bundesbank chief says ECB may need to raise rates into restrictive territory

Bundesbank President Joachim Nagel said on Tuesday that European Central Bank interest rates remain in neutral territory but that a move into mildly restrictive levels cannot be excluded if elevated energy prices continue to push inflation above target.

Eurozone PMI hits 41-month high, bolstering case for ECB October rate hike

Eurozone business activity surged to its highest level in more than three years in September, defying headwinds from rising energy prices and geopolitical uncertainty while strengthening the case for another European Central Bank interest rate increase as soon as October.

OECD raises inflation forecasts, warns of more rate hikes

The Organisation for Economic Co-operation and Development raised inflation projections for nearly every G20 economy on Wednesday, warning that central banks from the Federal Reserve to the Bank of Japan may need to tighten monetary policy further as a Middle…

IMF chief warns ‘winter is coming’ as energy shock reignites global inflation

"Winter is coming," IMF Managing Director Kristalina Georgieva declared on Tuesday at Semafor's Next 3 Billion event in New York, warning that prices will keep climbing as the Iran conflict sends energy costs surging and forces central banks worldwide back…

RBNZ, RBA warn oil-driven inflation may force more rate hikes

Central banks in Australia and New Zealand on Tuesday flagged rising inflation risks driven by persistently high oil prices, with top officials from both institutions warning that further interest rate increases may be needed to contain price growth.

ECB’s Lane warns energy shock to keep inflation elevated until mid-2027

European Central Bank Chief Economist Philip Lane said a second wave of rising energy prices will keep eurozone inflation elevated for longer than the central bank had expected, pushing the timeline for a return to the 2% target out to…

Apple raises iPhone, Mac prices as memory chip crisis deepens

Apple has raised prices across its iPhone lineup by £100 in the U.K. and $100 in the U.S., while its new Mac mini now starts at $899 — up $300 from the previous generation — as a global memory chip…

Europe’s fuel crisis spreads to jet fuel amid winter fears

Europe's deepening fuel crisis has now expanded beyond diesel into jet fuel, with analysts warning of a supply shortfall that could reach 510,000 barrels per day in the fourth quarter, even as other regions sit on surpluses. The squeeze comes…

Strong dollar rattles Asian, EM currencies after Fed’s first rate hike in 3 years

The U.S. dollar's renewed strength following the Federal Reserve's first interest rate increase in three years sent shockwaves through Asian and emerging market currencies on Monday, though some markets showed signs of resilience amid diverging local factors.

ECB finds gas price surges now hit inflation faster

The European Central Bank said on Monday that wholesale natural gas price changes now pass through to consumer inflation within one to three months in more than half of euro area countries, a sharp acceleration from 2022 that complicates the…

IMF chief warns AI bubble could deliver ‘shock to the system’

International Monetary Fund Managing Director Kristalina Georgieva acknowledged the global economy's resilience but cautioned that stubborn inflation, mounting debt burdens, and financing risks tied to artificial intelligence investment pose threats to the outlook.

China holds rates steady as Fed, BOJ, ECB tighten

In the span of ten days, the world's most influential central banks moved in close succession to raise interest rates, marking the clearest synchronized tightening effort since the post-pandemic inflation fight and underscoring the economic toll of the Iran war…

Oil prices snap two-week rally on easing Saudi, Iran fears

Oil prices posted weekly losses on Friday, halting a two-week rally that had driven crude up nearly 20%, as signs of diplomatic progress between the United States and Iran and easing fears over Saudi supply disruptions brought some relief to…