Economy

Economy coverage from the StreamSage Economy desk. Sources on every story. Page 3.

• Fed raises rates by 0.25% as Warsh flags inflation concerns

  Dollar hits best day in three months after unanimous quarter-point hike, with traders pricing three more increases by next June.

• Bond Traders Price Three More Fed Rate Hikes by Mid-Next Year

  Market swaps show traders adding one more rate increase to their expectations, with the first hike possible as soon as next month.

• Fed Raises Rates, Signals More Hikes Amid Trump Tension

  The Fed added one more hike to its plan this year, a move that tests Chairman Kevin Warsh’s relationship with the president.

• Fed Raises Rates 25 Basis Points to 3.75% to 4.00%

  The Federal Reserve delivered its first rate hike since July 2023 with a unanimous vote, while Bitcoin held steady near $75,700.

• ECB wage tracker shows 2.7% growth in first half of 2027

  European Central Bank data indicates negotiated wage pressures of 2.2% in 2026, with forward-looking coverage limited to 28.8% of employees.

• Bitcoin slides ahead of Fed decision that prices in 25bp hike

  The 10-year Treasury yield hovers near 5% after climbing roughly 80 basis points this year.

• Wall Street Bets on Fed Rate Hike: Here's What It Means for Bitcoin, Bonds and Trump

  The probability of a Federal Reserve rate hike Wednesday stands at 94.5%, according to CME’s FedWatch tool.

• Inflation outpaces wage growth as real wages fall for second month

  PYMNTS reports that consumer prices rose 3.4% year over year in August while hourly earnings grew 3.1%, leaving real wages down 0.1% month over month.

• Warsh faces rate hike pressure as Fed chief

  Trump praised Warsh's independence in May, but a looming rate hike creates friction for the new Federal Reserve chairman.

• France Targets €30 Billion in Budget Savings

  Finance Minister Roland Lescure said the aim applies to next year's budget to reduce the deficit.

• Lagarde links Normandy's energy surplus to EU grid gaps

  ECB president argues regional low-carbon power cannot stabilize prices without the cross-border connections planned for 2030.

• US Budget Deficit Hits $1.97 Trillion for First 11 Months

  Treasury data released Friday shows the 11-month deficit edged down 5% from the same period in 2025, with August alone posting a $166.8 billion gap.

• Fed Chair Warsh Faces Hike Pressure After Inflation Rise

  Core consumer prices rose 0.3% in August, intensifying calls for a rate increase at next week's Federal Reserve meeting.

• Bank of Russia Puts 165 Billion Rubles Into State Reinsurer

  The injection arrives in September so the Russian National Reinsurance Company can meet its full set of obligations.

• RBI to Drain $10.5 Billion From Banks via Bond Sales

  India's central bank plans its largest cash drain yet, a move analysts expect will push up sovereign yields when markets reopen Tuesday.

• Core CPI rose 0.3% in August, above forecast

  The August core consumer price index increase exceeded market expectations, raising the possibility of a Federal Reserve rate hike.

• India Forex Reserves Hit Record $785.7 Billion

  The stockpile rose $44.9 billion in the week ending September 4, driven by the RBI's capital-raising program.

• Russia Holds Key Rate at 14% for First Time in 15 Months

  The central bank paused its borrowing cost to address inflation risks from war-related fuel disruptions and increased state spending.

• Argentina monthly inflation hits 14-month low

  The country's monthly inflation rate slowed to its lowest point in 14 months, a development credited to President Javier Milei.

• IMF program for El Salvador resumes after one-year delay

  The $1.4 billion facility is back on track, and Bloomberg Economics reports a rally in the nation's bonds.