BusinessJapan
U.S. and Japan Buy Yen Together as Dollar Falls From 163 to 156
Japan confirmed coordinated yen buying with the U.S. after the dollar traded above 163 yen. The intervention amount will be disclosed later.
Business
Fed Holds Rates at 3.5%-3.75% as Three Officials Vote for a Hike
The Federal Reserve kept its target range at 3.5%-3.75% on July 29, but a 9-3 vote exposed a larger faction that wanted a quarter-point increase.
Business
ECB Holds Rates at 2.25% as Energy Shock Keeps September Hike in Play
The ECB left its three key rates unchanged on July 23, but its warning about volatile energy prices keeps the possibility of another increase on the euro-area policy agenda.
Business
May’s jobs surprise changes the Fed argument, not every household’s reality
The U.S. added 172,000 jobs in May, beating forecasts, but the report is less a simple boom signal than a new complication for interest rates, wages and white-collar hiring.