#InterestRateS

African governments are increasingly turning to unconventional borrowing strategies, as high global interest rates and volatile currencies keep many shut out of traditional dollar funding markets, according to Citigroup Inc.

US Treasuries slid with global peers as persistently higher oil prices threatened to worsen inflation and keep interest rates elevated for longer.

Romania is poised to keep interest rates at the highest level in the European Union as policymakers confront the dilemma of double-digit inflation and a deepening recession.

Gold headed for a weekly decline as a war-driven surge in US inflation fuels expectations for higher interest rates.

Gold held a decline as a resurgence in US inflation reinforced bets the Federal Reserve will keep interest rates higher for longer.

All the numbers were much higher than economists had expected and it alters the dynamic at the Fed and its fight against inflation.

The forint weakened after the Hungarian central bank unexpectedly lowered the interest rate on its foreign-currency swaps following one of the biggest emerging-market currency rallies this year.

Gold was steady after US data showed an acceleration in inflation that lowers the odds of the Federal Reserve reducing interest rates this year.

Traders have renewed bearish bets on US Treasuries, lifting expectations that the Federal Reserve will raise interest rates as oil prices and inflation push higher.

Building materials and products distributor US LBM Holdings reported sharply weaker first-quarter earnings as operating expenses ramped up and demand continued to soften in one of the starkest examples yet of the pain engulfing the industry.

Treasuries maintained their losses after a key consumer prices gauge rose more than economists’ estimates, supporting wagers that the Federal Reserve will raise interest rates next year to control inflation.

From Nypost RSS Feed: Home sales barely budge in April as spring buying season off to disappointing start

The European Central Bank will raise interest rates twice this year as the Iran war drives inflation higher, a Bloomberg survey showed.

Investors headed into Monday on edge as Trump’s rejection of Iran’s ceasefire proposal fueled concerns about a prolonged Middle East conflict.

A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.

Here are the key takeaways from the US employment report for April, released Friday:

Hiring was surprisingly strong in April for the second month in a row, signaling the labor market may be withstanding pressures from higher energy costs amid the Iran war for now.

Early local election results in the U.K. indicate a backlash against the government, as cost of living pressures have once again dominated political discourse.

Asia-Pacific markets open lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid a fragile ceasefire.

Gold was steady as optimism that a deal to reopen the Strait of Hormuz was imminent faded following reports of attacks on US Navy vessels, reviving inflation concerns.