Actualités financières en direct

Treasury Secretary Scott Bessent says the economy is "accelerating" and inflation, along with bond yields, will come back down once the conflict in Iran ends. "Right now, we have this energy shock that's generated …

Treasury Secretary Scott Bessent says the economy is "accelerating" and inflation, along with bond yields, will come back down once the conflict in Iran ends. "Right now, we have this energy shock that's generated by the Iran conflict, and headline inflation is about 3.5%. But my message is underlying inflation — core inflation — is down to about 2.3%," Bessent said at the Pennsylvania Chamber of Commerce on Monday night. He asserted that median wage growth is in line with headline inflation, and that "we will get to the other side of this Iran conflict. Energy will come back down, and the wage growth will continue." Read more: How oil price shocks ripple through your wallet, from gas to groceries He said 1 million private sector jobs have been created this year, while government jobs have been trimmed by 300,000. "Real wage growth comes from private sector jobs, and I think we're just starting to see the acceleration here," he said. But not everyone sees the wage picture the same. Gregory Daco, chief economist for EY, notes that average hourly earnings rose at an annualized pace of 3% in September, marking the slowest pace of the post-pandemic cycle. He said he expects inflation in September, as measured by the Consumer Price Index, to clock in at 3.6%, and as a result, he anticipates that wages adjusted for inflation will likely fall 0.6% year over year, marking a sixth consecutive month of contraction. "While strong wealth effects from stock market gains continue to support solid aggregate consumer spending, the growing income squeeze affecting households is likely to cap spending growth heading into 2027," Daco said. Joe Brusuelas, chief economist for RSM, agrees that the economy accelerated into the third quarter, but he asserts that inflation is not easing, pressuring wages and purchasing power. Brusuelas maintains that the CPI report due out next week will show that wage growth adjusted for inflation has been flat to negative since the start of the Iran war. "It's far more likely that declining real wages begin to act as a mild drag on growth heading into the final quarter of 2026 and early 2027," he said. Higher bonds: strong economy or oil prices? Bessent also addressed the spike in long-term Treasury yields, saying he believes the run-up is a function of headline inflation and higher energy prices stemming from the war. Once the conflict ends, he said, longer-term bond yields will come down to levels seen in mid-February before the war. "I don't know if this conflict's going to end next week, next month, in two months, but I believe on the other side of this, energy prices will be much lower and interest rates, mortgage rates will come back down," he said.

United States stock futures traded mostly lower on Wednesday as investors awaited the minutes from the Federal Reserve's September meeting, when the central bank raised interest rates for the first ti... United States stock …

United States stock futures traded mostly lower on Wednesday as investors awaited the minutes from the Federal Reserve's September meeting, when the central bank raised interest rates for the first ti... United States stock futures traded mostly lower on Wednesday as investors awaited the minutes from the Federal Reserve's September meeting, when the central bank raised interest rates for the first t…

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in …

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US … Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub particularly the office segment in t…

Will the worldwide revolt against oligarchy reach America before the billionaires buy our elections this fall?Two weeks ago tomorrow, on September 23, Madrid’s police had to cordon off a downtown street to carry an …

Will the worldwide revolt against oligarchy reach America before the billionaires buy our elections this fall?Two weeks ago tomorrow, on September 23, Madrid’s police had to cordon off a downtown street to carry an 87-year-old woman named María del Carmen Aba… Will the worldwide revolt against oligarchy reach America before the billionaires buy our elections this fall? Two weeks ago tomorrow, on September 23, Madrids police had to cordon off a downtown st…

As persistent inflation and squeezed household budgets leave millions of Americans feeling financially stretched, democratic socialist leaders are pitching rent controls and greater government involvement in the economy as an equalizer. Patrice Onwuka, vice …

As persistent inflation and squeezed household budgets leave millions of Americans feeling financially stretched, democratic socialist leaders are pitching rent controls and greater government involvement in the economy as an equalizer. Patrice Onwuka, vice p… As persistent inflation and squeezed household budgets leave millions of Americans feeling financially stretched, democratic socialist leaders are pitching rent controls and greater government involv…

With the RBI changing its monetary policy stance from 'neutral' to 'calibrated tightening ', experts on Wednesday said that the central bank would go for another rate hike of up to 50 basis points …

With the RBI changing its monetary policy stance from 'neutral' to 'calibrated tightening ', experts on Wednesday said that the central bank would go for another rate hike of up to 50 basis points in its upcoming December policy. The next bi-monthly monetary policy is due on December 4. Earlier in the day, the Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent, its first increase in nearly four years, and signalled that further hikes could follow as rising inflation and a weakening currency prompt a policy pivot. Anticipating the rate hike by the RBI, Bajaj Finance has raised interest rates on its fixed deposits by 15 to 40 basis points across all tenures from 12 to 60 months. The revised rates take effect from October 7 and apply to both fresh deposits and renewals, Bajaj Finance said in a statement. The biggest increase is on longer tenures, it said, adding, interest rates on deposits for 31 to 60 months rise by 35 basis points for regular depositors and 40 basis points for senior citizens. According to HDFC Bank Principal Economist Sakshi Gupta, "We expect cumulative rate hikes by the central bank to the tune of another 50-75 bps over the next few months. The risk of a more aggressive rate hike cycle hinges on whether the current West Asia conflict and rise in oil prices continue to linger on for longer." The inflation prints are expected to harden moving forward, on account of a combination of factors such as the poor monsoon, rising commodity prices and an unfavourable base effect, setting the stage for another rate hike in December as of now, ICRA Chief Economist Aditi Nayar said. The current inflationary trends on the food as well as fuel front have weighed heavily on RBI, prompting it to increase the repo rate. Going forward, a further rate increase at least in the next two quarters, if not more, and this may help in bringing about an effective check on inflationary expectations and ensuring stability, Resurgent India MD Jyoti Prakash Gadia said. Echoing a similar view, Yes Bank Chief Economist Indranil Pan said, "All policies remain live; a December hike of 25 bps is a certainty now. The RBI will continue to remain data-dependent and factor in the breadth of inflation pressures in the months ahead to determine the cumulative dose of hikes." Crisil Principal Economist Dipti Deshpande said retail inflation has firmed in recent months, while upside risks from crude oil, commodities and food prices have become more pronounced. A calibrated tightening stance allows the central bank the choice to either hike rates or take a pause depending on evolving inflation conditions, she said. With rising energy prices, broader price pressures and volatility in global markets, the move reinforces the RBI's focus on anchoring inflationary expectations while supporting the resilience of the domestic economy, Tata Capital MD & CEO Rajiv Sabharwal said. RBI's decision to raise the repo rate by 25 basis points is a measured response to the evolving macroeconomic environment, said Abhimanyu Munjal, MD and CEO of Hero FinCorp. For NBFCs, higher rates will have an impact on funding costs, making disciplined pricing, a diversified funding mix and prudent underwriting even more important, he said. Ranen Banerjee, Partner and Leader, Economic Advisory, PwC India, also said the MPC was widely expected to increase the repo rate. "The increase in repo rate with a change in stance to calibrated tightening will help provide that anchor to inflation expectations. The future actions will now depend on the US Fed action, global bond yield movements, food inflation trajectory and crude oil prices," he said. According to Shrikant Goyal, Managing Director, Getfive Funds, the timing of the rate hike is notable for MSMEs, as the festive season is when they ramp up inventory, production and hiring, and rely heavily on working capital and short-term credit. Amit Prakash Singh, Co-founder & Chief Business Office, Urban Money, said the hike has to be viewed in the larger geopolitical context. "The RBI's decision to hike the repo rate to 5.50 per cent reflects a proactive, stability-first approach designed to anchor long-term economic health amidst evolving global headwinds. The RBI's decision to hike the repo rate to 5.5 per cent reflects a proactive, stability-first approach designed to anchor long-term economic health amidst evolving global headwinds, MIDASX CEO Aakash Bansal added.

Governor Sanjay Malhotra and MPC members at a press conference on its Monetary Policy announcement What did the RBI decide? What is the RBI’s GDP forecast? What is pushing inflation higher? What does ‘calibrated …

Governor Sanjay Malhotra and MPC members at a press conference on its Monetary Policy announcement What did the RBI decide? What is the RBI’s GDP forecast? What is pushing inflation higher? What does ‘calibrated tightening’ mean? What does the repo rate hike mean for home loan borrowers? Will home loan EMIs rise? Middle East risks, weather conditions & more - What’s next?

Catalyst Funds Chief Investment Officer David Miller and Washington Crossing Advisors Senior Portfolio Manager Chad Morganlander chat about the reality of the 60/40 portfolio in today's volatile economy, and break down why traditional investing …

Catalyst Funds Chief Investment Officer David Miller and Washington Crossing Advisors Senior Portfolio Manager Chad Morganlander chat about the reality of the 60/40 portfolio in today's volatile economy, and break down why traditional investing strategies mig… Catalyst Funds Chief Investment Officer David Miller and Washington Crossing Advisors Senior Portfolio Manager Chad Morganlander chat about the reality of the 60/40 portfolio in today's volatile econ…

The Reserve Bank of India has shifted its policy stance to calibrated tightening amid rising inflation concerns. A rate hike of up to 50 basis points is anticipated in December, increasing the current benchmark …

The Reserve Bank of India has shifted its policy stance to calibrated tightening amid rising inflation concerns. A rate hike of up to 50 basis points is anticipated in December, increasing the current benchmark rate. Various economists emphasize the likelihoo… New Delhi: With the RBI changing its monetary policy stance from 'neutral' to 'calibrated tightening ', experts on Wednesday said that the central bank would go for another rate hike of up to 50 basi…

In his post-policy address, RBI Governor Sanjay Malhotra said the decision reflected challenging geopolitical developments, even as the Indian economy remained strong. He said cuts were "off the table for now", with the central …

In his post-policy address, RBI Governor Sanjay Malhotra said the decision reflected challenging geopolitical developments, even as the Indian economy remained strong. He said cuts were "off the table for now", with the central bank likely to either raise rates further or keep them unchanged to contain inflation. The RBI projects Consumer Price Index (CPI) inflation at 5.2% for 2026-27 - higher than the 5% estimated earlier - to account for price pressure due to weather disruptions, weak monsoon and high volatility in international oil prices. Crude oil prices are hovering above $100 (£75.33) a barrel resulting in India having to pay even more as the rupee has fallen close to its all-time lows against the dollar. The country imports around 90% of its crude oil and 50% of its gas needs. The RBI last raised rates in February 2023, marking the end of its post-pandemic tightening cycle. During most of 2025, it cut rates to support economic growth before keeping policy unchanged from December 2025 until today's increase. The rate increase is in line with expectations of economists who say that rising inflation makes a compelling case for it, especially since the economy has displayed enough resilience to absorb its impact without hurting growth. It's also in line with what's happening globally. The US Federal Reserve has aggressively increased rates since 2022 pushing treasury bond yields higher. This, coupled with a strong dollar, has prompted investors to pull money from emerging markets such as India in search of higher returns in dollar assets. On Wednesday, the RBI also upgraded its growth outlook after the economy outperformed expectations in the first quarter - the gross domestic product (GDP) ⁠growth in ​the current financial year is projected at 7.1%, up by 40 basis points from earlier estimate. Governor Malhotra said the RBI would "strive for price and financial stability as both are essential for sustainable growth in the long run". The RBI also signalled that it would use a mix of liquidity management tools to keep liquidity in check, while continuing to curb excessive volatility in the rupee. Anuj Puri, chairman of real estate consulting firm ANAROCK Group, said the RBI rate hike may put pressure on consumer sentiment and discretionary spending. "The festive season is a key period for housing demand, and an increase in borrowing costs will affect buyer sentiment," he said.