More workers join strike at BHP’s Port Hedland iron ore operations

Missed payroll expectations and revised April and May numbers put the Fed in a tough spot for rate cuts. June’s employment numbers showed almost no change from the previous month, as the Bureau of Labor Statistics reported a 4.2% unemployment rate and an estimated 57,000 nonfarm payroll jobs, roughly half the 115,000 economists expected. At…

Market Notice This Market Notice covers changes to the Bank’s collateral eligibility framework for the Sterling Monetary Framework (SMF). This is in the context of supporting the transition to a repo-led, demand-driven operating framework for supplying central bank reserves and is in part motivated by feedback received in response to the related Discussion Paper.   The changes in…

Standard Chartered Bank economists Saurav Anand and Anubhuti Sahay note that India’s Monetary Policy Committee (MPC) kept the repo rate at 5.25% with a neutral stance, sounding more dovish than in April and June. The committee cut its FY27 CPI and core inflation forecasts, raised its GDP outlook, and appears comfortable with inflation, suggesting a…

The bond market is voting against Warsh. Bond yields hit the highest since 2007 !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

The rise of superstar firms has made dominant companies central to modern economic life, and antitrust enforcement is one of the main policy tools for regulating their market power. Public opinion can shape the political and regulatory environment in which antitrust enforcement takes place, yet there is little direct evidence on what drives these preferences….