The U.S. car market faces a perfect storm that is rapidly engulfing ordinary car owners across the country. The clearest sign of this is the rising rate of auto loan borrowers who are falling behind on their monthly payments.

Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy.

Flurry of financial sector reports expected to show investment banking still in the doldrums for another quarter

Only "a couple" of officials at the US Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's tariffs.

Rochester banking leaders share insights on inflation, interest rates and local resilience amid 2025 economic and trade policy uncertainty.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains from the previous session and hovering around 98.50 during the Asian hours on Friday. Traders will likely observe the University of Michigan Consumer Sentiment, Building Permits, and Housing Starts later in the day.

UBS expects the US economy to slow significantly in 2025, projecting real GDP growth to fall to around 1%. In a note to clients issued Tuesday, the bank pointed to a combination of fading fiscal support, elevated interest rates, and persistent inflation as key drivers of the expected deceleration.

Bank Negara lowers key rate to 2.75% from 3% on weaker growth outlook. Read more at straitstimes.com. Read more at straitstimes.com.

The ringgit slipped 0.01 per cent against the US dollar at the close, as the local note continued trading on the defensive today, which offered

Statistics Canada’s June consumer price index (CPI), set for release Tuesday, is expected to show the annual inflation rate rising to 1.9 percent from 1.7 percent in May, according to RBC and other economists. Accoridng to The Canadian Press, BMO anticipates the rate will reach 2 percent.

(Bloomberg) — Australia’s central bank is set to deliver its first back-to-back interest-rates cuts in six years, stepping up its easing cycle as inflation pressures cool and US trade policies threaten a fragile global outlook.