Goldman Sachs says that as Japan’s policy environment has evolved to reduce the risk of a sharp yen decline amid rising global yields, the yen is becoming a more effective hedge against market shocks driven by artificial intelligence. “Although the broader global economic outlook still suggests further yen weakness, the yen now appears more attractive […]

Billionaire Ken Griffin warned investors in the AI industry to brace for setbacks, but top financial and investment executives have since dismissed concerns about a bubble in artificial intelligence. Christian Sewing, CEO of Deutsche Bank, told reporters during the Global Dialogue in Berlin that he does not expect significant reversals in asset prices in the […]

Franklin Templeton’s head of fixed income investment warned that ongoing plunges in French bond yields could escalate into a eurozone debt crisis, one potentially more severe than the crisis that began with Greece nearly two decades ago. Sonal Desai, global chief investment officer for Franklin Templeton Fixed Income, said, “I don’t think anyone is truly […]

Official data shows the UK government borrowed more than expected in the first half of the year, pushing national debt above £3 trillion ($4 trillion) for the first time—highlighting the challenges facing Chancellor John Heilely ahead of his upcoming budget next week. The Office for National Statistics reported that the fiscal deficit widened to £97.8 […]

A former executive director of the Bank of Japan who previously oversaw monetary policy said the central bank might raise interest rates every three months to manage the risk of inflation deviating from its price stability target. “I expect the next rate hike in December, followed by another in March or April,” said Eiji Maeda […]

Bank of England Governor Andrew Bailey said there is currently little evidence that inflation has become embedded in UK price and wage-setting mechanisms. Speaking at the International Financial Association’s annual meeting in Bangkok on Friday, Governor Bailey said the central bank is closely monitoring whether firms and workers are pushing up prices and wages to […]

A forecaster who accurately predicted the Federal Reserve’s most recent rate hike now says a larger increase—by 0.5 percentage points—could occur in December. Jason Schenk, president of Prestige Economics, said he believes the Fed is unlikely to raise its benchmark interest rate at this month’s meeting. Instead, he expects the central bank will give the […]

The International Monetary Fund (IMF) said that U.S. economic growth alone cannot quickly address the country’s rising debt and fiscal deficit, and additional measures are needed. “Authorities are heavily relying on strong U.S. economic growth,” IMF Managing Director Kristalina Georgieva said Wednesday at the IMF annual meeting in Bangkok. “Growth is certainly helpful, but it […]

New York Federal Reserve President John Williams said he still believes one more rate hike this year is appropriate, but currently sees no need for further increases in 2027. “I still think another hike is appropriate,” Williams told Bloomberg News in an interview on Tuesday at the New York Fed. “I don’t see any reason […]

A senior German central bank official said the recent wave of bond selling in Europe is a “clear warning signal” that investors are concerned about governments’ efforts to control their debt. Michael Theurer, a member of the executive board of the German Federal Bank, told German radio station Deutschlandfunk: “The current situation shows that fiscal […]