Latin America's leaders have pulled no punches in the battle against inflation. While the world grapples with rising food and fuel prices linked in part to Russia's invasion of Ukraine, Latin America stands out. The resource-rich region's struggle to tamp down prices, despite the aggressive tightening of monetary policy, sends a warning globally about how tough inflation busting will be.
The U.S. dollar slipped on Friday and was on track for its first
weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward
their views on the timing ...
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half of the year, J.P. Morgan's chief global markets strategist, Marko Kolanovic, said on Friday.
Global surplus crude production capacity in May 2022 was less than half its 2021 average, as Western sanctions on Russia for its invasion of Ukraine took hold, the U.S. Energy Information Administration said on Friday.
Sterling posted its first weekly gain in four weeks against the dollar on Friday, ticking up as a weaker greenback and better-than-expected retail data allowed investors to look past mounting pressure on British Prime Minister Boris Johnson.
* New home sales rebound 10.7% in May; April data revised up. * Median house price jumps 15.0% to $449,000 from year ago. * Consumer sentiment tumbles to record low in June. By Lucia Mutikani.
U.S. Treasury yields edged
higher on Friday and held just above two-week lows reached on
the previous day as investors weighed the likelihood that the
Federal Reserve will spark an economic downturn ...
United Airlines pilots will get more than 14% in pay raises in 18 months, and paid maternity leave under a new deal negotiated with the company, demonstrating the bargaining power aviators are enjoying in a short-staffed industry. The two-year agreement, approved by union leaders on Friday, will now be sent out to members for ratification.
- United Airlines pilots will get more than 14% in pay raises in 18 months, and paid maternity leave under a new deal negotiated with the company, demonstrating the bargaining power aviators are enjoying in a short-staffed industry. The two-year agreement, approved by union leaders on Friday, will now be sent out to members for ratification.
Emerging market shares rose on Friday as
investors started to scale back bets on the extent of monetary
policy tightening by major central banks, helping a gauge of
stocks erase losses for the week.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required