Chad ruling party wins parliamentary majority, provisional results show
Fire in a restaurant in northern Czech Republic kills 6 people
Thai rice fields transformed into vibrant art depicting red dragon, feline deity
Syria talks being held in Riyadh with Western and regional participation
Los Angeles wildfires death toll rises as crews fight heavy winds to save homes and landmarks
India's TCS expects retail, manufacturing revival after banking recovery
Steelers and coach Mike Tomlin end season on 5-game skid and make another early playoff exit
Jackson and Henry lead the way as the Ravens run over the rival Steelers 28-14 in the AFC playoffs
Uncategorized
Fed's Collins won't rule out a December rate cut, on Bloomberg TV
By Michael S.
November 15, 2024Federal Reserve
Business|Economy|US
US industrial production sags in October amid continued drag from Boeing strike, hurricanes
U.S. industrial production fell for a second straight month in October, continuing to be depressed by hurricanes and a strike by factory workers at Boeing, but a rebound is
November 15, 2024
Finance|Technology|US
Fed's Collins says tech changes can improve financial system
Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system.
November 15, 2024
Economy|Finance|US
US import prices unexpectedly rise in October
U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack of progress lowering inflation in recent months.
November 15, 2024
Business|Economy|US
Solid US retail sales in October underscore economy's resilience
U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods, suggesting the
November 15, 2024
Economy|Finance|US
Fed draws veil over post-election easing
A look at the day ahead in U.S. and global markets from Mike Dolan Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal
November 15, 2024
Business|Economy|Finance|Stock Markets|US
Wall St sinks on Powell rate-cut caution, Trump cabinet picks
Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns
November 15, 2024
Business|Economy|Finance|US
Boston Fed president says December rate cut not a 'done deal', WSJ reports
Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal".
November 15, 2024
Economy|Finance|US
Dollar notches weekly gain as traders reassess rate cut expectations
The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate
November 15, 2024
Business|Economy|Finance|US
Fed's Powell declines to say if he would remain after chair term expires
Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026.
November 14, 2024
Uncategorized
Fed has time to see what Trump policies mean for the economy, Powell says
By Michael S.
November 14, 2024
Economy|Finance|Stock Markets|US
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate
November 14, 2024
Business|Economy|Finance|Stock Markets|US
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next
November 14, 2024
Business|Economy|Finance|US
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
Fed’s Powell: Rate cuts are still underway, but there’s no hurry
November 14, 2024
Business|Economy|Finance|US
Barkin: Wages, possible tariffs, reasons to be careful about declaring inflation victory
High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make U.S.
November 14, 2024
Economy|Finance|US
Rising US producer prices add to signs of fading disinflation
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards
November 14, 2024
Business|Economy|Finance|US
Traders keep bets on Dec rate cut after latest US economic data
Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to suggest traders have
November 14, 2024
Business|Economy|US
US weekly jobless claims fall; unemployment rolls shrink
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job
November 14, 2024
Uncategorized
Fed's Kugler says Fed has made good progress on achieving mandates
By Michael S.
November 14, 2024
Economy|Finance|Stock Markets|US
Energy shares help lift Toronto market to fresh record high
Canada's main stock index extended its record-setting run on Thursday as gains for energy shares offset a pullback in technology stocks and investors weighed recent declines
November 14, 2024
Business|Economy|Finance|Stock Markets|US
Wall St indexes end lower after Powell erodes hopes for December rate cut
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate
November 14, 2024
Business|Economy|Finance|Stock Markets|US
A twist in the U.S.'s inflation tale?
A look at the day ahead in U.S. and global markets by Amanda Cooper.
November 14, 2024
Business|Election|Europe|Finance|Stock Markets|US
No end in sight for Trump-fuelled trade
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-
November 14, 2024
Business|Election|Finance|Stock Markets|US
Dollar retains strength against peers on Trump trade
The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled
November 14, 2024
Economy|Finance|Political|US
Top Federal Reserve official defends central bank's independence in wake of Trump win
A Federal Reserve official has given a lengthy defense of the central bank's political independence
November 14, 2024
Business|Economy|Finance|US
Fed's Schmid: extent of further rate cuts 'remains to be seen'
Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank's interest-rate cuts to date acknowledge its growing confidence that inflation is headed
November 13, 2024
Economy|Finance|US
Musalem says Fed in 'last mile' of inflation fight, but recent data raise risks
The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress may
November 13, 2024
Uncategorized
NY Fed says household debt up in third quarter as rising incomes ease debt burden
By Michael S.
November 13, 2024
Business|Economy|Finance|US
Fed officials wary of inflation risks as they weigh more rate cuts
After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as
November 13, 2024
Economy|Finance|US
Oct CPI inflation up modestly, as expected
U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the
November 13, 2024
Economy|Finance|Stock Markets|US
Traders bet on Fed December rate cut after inflation data
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting
November 13, 2024
Economy|Finance|US
Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months
November 13, 2024
Election|Finance|Stock Markets|US
Inflation worries come back to haunt bond strategists after Trump victory: Reuters poll
Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a
November 13, 2024
Business|Finance|Stock Markets|US
FTSE 100 edges up after U.S. inflation data, Smiths Group rallies
The UK's FTSE 100 ended slightly higher on Wednesday as U.S. inflation data was in line with expectations, keeping hopes of rate cuts intact, while defence company Smiths
November 13, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with
November 13, 2024
Business|Economy|Europe|Finance|Stock Markets|Technology|US
European shares edge lower as energy gains offset real estate, tech losses
European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising energy shares countered real estate losses,
November 13, 2024
Economy|Europe|Finance|Stock Markets|US
'Trump trades' pause for breath before US CPI
A look at the day ahead in European and global markets from Kevin Buckland The wide-ranging market bets on big fiscal spending, lower taxes and higher tariffs under incoming U.S.
November 13, 2024
Asia|Business|Economy|Finance|US
Stocks dip, longer-dated US yields higher after inflation data
A gauge of global stocks fell for a second straight session on Wednesday and longer-dated U.S.
November 13, 2024
Finance|Stock Markets|US
Dollar hits one-year high on Trump trades
The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as
November 13, 2024
Uncategorized
NY Fed's Perli still sees ample money market liquidity
By Michael S.
November 12, 2024
Business|Economy|Finance
Larry Summers sounds the alarm bell on inflation — before Trump even takes office
Larry Summers sounds the alarm bell on inflation — before Trump even takes office
November 12, 2024
Economy|Finance|US
Fed policy is 'modestly restrictive,' Kashkari says
Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow
November 12, 2024
Economy|US
US consumers see lower inflation and debt delinquency risk, NY Fed survey shows
U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market, and for the first time in five months they saw a lower risk of
November 12, 2024
Business|Economy|Finance|Technology|US
Fed's Waller: Stablecoins could bring benefits to financial system
Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively “synthetic” dollars that can bring benefits to the financial system.
November 12, 2024
Business|Economy|Finance|US
Fed's Waller says private sector should lead on payment system innovation
By Michael S.
November 12, 2024
Economy|Finance|US
US monetary policy still restrictive, two Fed officials say
The Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2% target, two U.S. central bankers said
November 12, 2024
Business|Economy|Finance|Technology|US
Elon Musk wants to radically reshape who controls America’s money supply
Elon Musk wants to radically reshape who controls America’s money supply
November 12, 2024
Election
'Blinders on' but be prepared: In 2016, Fed took note of Trump's plans
Within weeks of Donald Trump's 2016 election, U.S.
November 11, 2024
Economy|Finance|US
US consumer sentiment rises in November, UMich says
U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, led by
November 08, 2024
Business|Finance|US
Column-Powell's words matter, but his actions matter more: McGeever
If bond investors take away one lesson from the last few years, it's this: pay attention not so much to what Jerome Powell says, but what he does.
November 08, 2024
Business|Election|Finance|US
Global money market funds saw large inflows on election caution
Global money market funds attracted sharp inflows in the week to Nov. 6 as investors sought safety ahead of the U.S. presidential election and the Federal Reserve's policy meeting.
November 08, 2024
Business|Economy|Stock Markets|US
Post-election Wall St booms as Fed cuts, China spurs
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P500 looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge
November 08, 2024
Business|Finance|Stock Markets|US
S&P 500 breaks 6,000 level as Trump and Fed-fueled rally advances
The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible
November 08, 2024
Business|Economy|Finance|Stock Markets|US
Bond rebound uncertain as Trump plans overshadow Fed rate cuts
Prospects of a near-term rebound in the $28-trillion U.S. government bond market are faltering, as Donald Trump’s return to the White House
November 08, 2024
Asia|Business|Economy|Finance|Stock Markets
S&P 500 blows past 6,000 points on Trump presidency
The U.S.
November 08, 2024
Business|Economy|Finance|Stock Markets|US
Dollar on track for weekly gain after Trump election win
The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of
November 08, 2024
Asia|Economy|Finance
South Korea to respond if market volatility heightens excessively, finance minister says
South Korea's finance minister said on Friday that authorities will respond in a timely manner if volatility heightens excessively in financial markets.
November 07, 2024
Uncategorized
Fed's Powell says he will not quit even if asked by Trump
By Michael S.
November 07, 2024
Business|Economy|Finance|MidEast|US
Most Gulf central banks follow Fed lead and cut key interest rates
Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's decision to reduce
November 07, 2024
Business|Economy|Finance|Stock Markets
US rate futures price in more Fed easing in December and 2025
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate
November 07, 2024
Economy|Finance|US
Fed's Powell says election outcome has no near-term policy impact
Federal Reserve Chairman Jerome Powell said that for now, the central bank is not taking on board in its policy-making choices the outcome of this week's election.
November 07, 2024
Business|Economy|Finance|Stock Markets|US
Instant view: Fed cuts rates 25 bp, as expected
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move
November 07, 2024
US
Trump likely to allow Fed Chair Powell to serve remainder of his term, CNN reports
U.S.
November 07, 2024
Business|Economy|Finance|US
Trump is likely to allow Fed chair to stay. Powell said he can’t be fired anyway
Trump is likely to allow Fed chair to stay. Powell said he can’t be fired anyway
November 07, 2024
Business|Economy|Finance|Stock Markets|US
Brokerages scale back predictions for 2025 Fed cuts after payrolls data
Several major brokerages have tempered their predictions for how much the Federal Reserve will lower interest rates in 2025, if at all, after a surprisingly strong U.S. employment report
November 07, 2024
Business|Economy|Finance|US
US worker productivity rises moderately in third quarter; labor costs elevated
U.S. worker productivity increased moderately in the third quarter, resulting in only a gradual slowdown in labor costs that could cast a cloud over the inflation outlook.
November 07, 2024
Business|Economy|Finance|US
US weekly jobless claims rise marginally; unit labor costs stir inflation fears
The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and
November 07, 2024
Economy|Election|Finance|Stock Markets|US|World
Fed and BOE decide as US House awaited, Germany jarred
A look at the day ahead in U.S. and global markets from Mike Dolan World stocks and bond yields pushed higher after Donald Trump's clear U.S. election win and a collapse of Germany's coalition redrew
November 07, 2024
US
Fed's Powell flags careful, patient approach after rate cut
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could
November 07, 2024
Economy|Finance|Stock Markets|US
Stocks close higher after Fed cuts interest rates
U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in interest rates, extending a sharp rally sparked by
November 07, 2024
Business|Economy|Election|Finance|US
How Trump’s second term could impact future interest rates
The Federal Reserve cut interest rates by a quarter point, CNN's Julia Chatterley breaks down how President-elect Donald Trump’s return could impact interest rates and the economy.
November 07, 2024
Business|Economy|Finance|US
Key takeaways from the Fed’s rate cut after the election
Key takeaways from the Fed’s rate cut after the election
November 07, 2024
Economy|Election|Finance|US
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week
November 07, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Stock market today: Most of Wall Street rises after the Fed cuts interest rates
Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy
November 07, 2024
Economy|Election|Finance|Stock Markets|US
Trump's election victory puts Fed on path for fewer rate cuts
U.S.
November 06, 2024
Business|US|World
US yields post sharp gains as Trump victory triggers caution about deficits
U.S.
November 06, 2024
Uncategorized
Markets more confident Fed balance sheet drawdown has room to run
By Michael S.
November 06, 2024
Economy|Finance|US
Tight credit conditions add to case for Fed interest-rate cut
The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline in inflation and a cooling in labor markets that
November 06, 2024
Business|Election|Finance|Stock Markets|US
Traders trim bets on Fed rate cuts in 2025 as early election results tallied
Traders trimmed bets Tuesday on Federal Reserve interest rate cuts next year, as early tallies for the U.S. presidential election rolled in through the evening.
November 06, 2024
Business|Economy|Finance|Stock Markets|US
Will the Fed really 'lose control' of the bond market?: McGeever
When Federal Reserve Chair Jerome Powell and his colleagues meet this week to discuss their next interest rate move, they'll face a much more complicated
November 05, 2024
Election|Finance|Stock Markets|US
World markets firm as America decides
A look at the day ahead in U.S. and global markets from Mike Dolan Even with the uncertainty of what most pollsters see as a dead heat in the White House race, world markets are in a upbeat mood as
November 05, 2024
Business|Economy|Finance|US
Bond investors minimize bets as US election overshadows Fed meeting
Bond investors are keeping a defensive but neutral stance in
November 04, 2024
Election|Finance|Stock Markets|US
Wall St slips as uncertainty surrounds U.S. election
U.S. stocks closed slightly lower after a choppy session on Monday, as investors prepared for a crucial week in which Americans will elect a new president and
November 04, 2024
Election|Finance|US
Global equity funds see first weekly outflow in five weeks on caution ahead of US elections
Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday's U.S. presidential election and the Federal Reserve's policy decision later in
November 04, 2024
Asia|Business|Economy|Stock Markets|US
Dollar, stocks slip before tight US election; government yields drop
The dollar softened and stocks fell on Monday as investors treaded carefully hours before the U.S. presidential election, with a U.S.
November 04, 2024
Economy|Finance|US
Dollar slips as traders unwind Trump trades before election
The U.S. dollar slipped on Monday as investors pulled out of Trump trades, which have benefited in recent weeks from speculation that Republican
November 03, 2024
Business|Economy|Finance|US|World
The world is about to get some much-needed clarity on the US economy’s future
The world is about to get some much-needed clarity on the US economy’s future
November 03, 2024
Election|Finance|Stock Markets|US
US election, Fed meeting loom in big week for markets
A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve offers more
November 01, 2024
Business|Economy|Finance|US
Fed seen on track for 25-basis-point rate cuts next week and in December
Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their
November 01, 2024
Business|Economy|US
Weak US Oct payrolls growth skewed by storms, strikes
U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that
November 01, 2024
Business|Election|Stock Markets|US
Amazon calms the horses, payrolls due
A look at the day ahead in U.S. and global markets from Mike Dolan With next week's U.S. election now dominating thinking, the last two megacap earnings reports of the week appear to have calmed the
November 01, 2024
Business|Finance|Stock Markets|US
Wall St closes higher as Amazon's gains offset weak job growth
Wall Street's major indexes ended higher on Friday, rebounding from the previous day's sell-off as Amazon's strong earnings countered a significant drop in U.S. job
November 01, 2024
Business|Economy|Finance|Stock Markets|US
US labor market staggers after blow from hurricanes, strikes
U.S. job growth almost stalled in October as strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection
November 01, 2024
Business|Economy|Finance|US
Dollar rebounds after weak jobs data; traders eye US election
The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth
October 31, 2024
Economy|Finance|US
US economic outperformance to keep dollar strong- Reuters poll
The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve
October 31, 2024
Uncategorized
Fed governor divesting stock bought by spouse in violation of trading rules
By Michael S.
October 31, 2024
Economy|Finance|US
Average rate on a 30-year mortgage in the US rises for fifth straight week
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August
October 31, 2024
Economy|Finance|US
US third-quarter labor costs growth smallest in more than three years
U.S. labor costs recorded their smallest increase in more than three years in the third quarter amid cooling wage growth, indicating that inflation was firmly on a downward
October 31, 2024
Economy|Finance|US
Financial conditions vs real rates - is Fed policy too tight or too loose? McGeever
As if financial markets needed another factor to complicate the near-term outlook for Federal Reserve policy, the U.S. economy and asset prices, investors
October 31, 2024
Economy|Finance
The Fed’s favorite inflation index just cooled again
The Fed’s favorite inflation index just cooled again
October 31, 2024
Economy|Finance|US
September US PCE inflation ticks up, as expected
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% in September after an unrevised 0.1% gain in August.
October 31, 2024
Finance|Stock Markets|US
Fed seen on track to cut rates next week and in December
With inflation now only just above the Federal Reserve's 2% target and wage pressures easing, U.S. central bankers are widely expected to cut short-term borrowing costs next
October 31, 2024
Economy|Finance|US
US consumer spending beats expectations in September
U.S. consumer spending increased slightly more than expected in September, putting it and the economy on a higher growth trajectory heading into the final three months of the
October 31, 2024
Economy|Election|Finance|US
Inflation gauge closely watched by the Fed falls to lowest level since early 2021
As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels
October 31, 2024
Business|Economy|Finance|US
Low US weekly jobless claims, solid consumer spending showcase economy's strength
The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected
October 31, 2024
Business|Economy|Finance|Opinion|US
Trump’s former pick to join the Federal Reserve has proposed a radical solution to solve inflation
Trump’s former pick to join the Federal Reserve has proposed a radical solution to solve inflation
October 31, 2024
Asia|Economy|Finance
Riding growth wave, most Asian central banks to go slower than Fed on rate cuts
Most Asian central banks will cut interest rates slower than the U.S.
October 31, 2024
Asia|Business|Finance|Stock Markets|Technology
Stocks tumble with Meta, Microsoft; dollar dips after US data
World stock indexes dropped on Thursday, with the Nasdaq ending more than 2% lower after Meta Platforms and Microsoft warned of rising costs for artificial
October 31, 2024
Economy|Finance|US
US 30-year mortgage rate surges to 6.73%, highest since July
The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to
October 30, 2024
Business|Economy|Finance|Stock Markets|US
Alphabet beats and Treasuries rally
A look at the day ahead in U.S. and global markets from Mike Dolan Markets struggling which way to look will be dizzy again in an event-strewn Wednesday but the spotlight first thing drops on
October 30, 2024
Business|Economy|Finance|US
In the Market: How Harris, Trump promises could feed market's addiction to the Fed
The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as
October 30, 2024
Economy|Finance|US
US consumers keep economy on solid ground ahead of election
The U.S. economy grew solidly in the third quarter, with consumer spending increasing at its fastest pace in 1-1/2 years and inflation slowing sharply,
October 30, 2024
Business|Economy|Finance|US
Fed seen on track for quarter-point rate cuts in Nov, Dec
Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S.
October 29, 2024
Business|Economy
Job openings fall to pre-pandemic levels as US labor market continues to cool down
Job openings fall to pre-pandemic levels as US labor market continues to cool down
October 29, 2024
Business|Economy|Finance|US
US job openings drop to more than 3-1/2 year low in September
U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market
October 29, 2024
Business|Economy
Fed's rate cut revives small business optimism and plans to borrow
This past summer, leads for Brian Brown's landscaping business near Lake Tahoe were drying up.
October 29, 2024
Economy|Finance|US
Treasury likely to keep debt plans in place before US elections
The Treasury Department may offer fresh guidance on expected increases in its 2025 debt auctions when it announces its updated refunding plans this week, though
October 28, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street closes higher ahead of megacap earnings, election
Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while
October 28, 2024
Economy|Finance|US
Fed faces hefty data, political calendar before next policy meeting
The nine days until Federal Reserve officials sit down to decide what to do next with interest rates features a veritable murderers' row of events to shape their move -
October 28, 2024
Business|Economy
Boeing and other strikes will take at least a 44,000-job bite out of the October jobs report
Boeing and other strikes will take at least a 44,000-job bite out of the October jobs report
October 25, 2024
Business|Economy|Finance
Here’s why mortgage rates are rising after the Fed’s rate cut
Here’s why mortgage rates are rising after the Fed’s rate cut
October 24, 2024
Business|Economy|Finance|US
US 30-year fixed-rate mortgage rises to 6.54%
U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts
October 24, 2024
Business|Economy|US
US new home sales highest in nearly 1-1/2 years in September
Sales of new U.S. single-family homes increased to the highest level in nearly 1-1/2 years in September as buyers rushed in to take advantage of a decline in mortgage rates.
October 24, 2024
Business|Economy|Finance|US
Fed 'policy error' chatter is way too premature: McGeever
Last month Federal Reserve Chair Jerome Powell and his colleagues were lauded for starting their policy easing cycle with a half percentage-point rate cut
October 24, 2024
Business|Economy|Finance|US
US business activity rises in October; price pressures easing
U.S. business activity increased in October amid strong demand, and firms raised prices for goods and services at the slowest pace in nearly 4-1/2 years, indicating that the
October 24, 2024
Economy|Finance|US
US labor market plodding along, but jobs becoming more scarce
New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly
October 24, 2024
Economy|Finance|US
Euro, yen climb as dollar rally takes a breather
The euro and Japanese yen strengthened on Thursday as the U.S. dollar paused after rallying to a nearly three-month high, with the greenback only briefly
October 24, 2024
US
NY Fed says banks obscuring commercial real estate risks by extending loan terms
By Michael S.
October 23, 2024
Business|Economy|Finance|US
US firms point to steady economy but see lower profit margins, Fed says
U.S. economic activity was little changed from September through early October and firms saw a slight uptick in hiring, continuing recent trends that have reinforced
October 23, 2024
Election|Finance|US
Bridgewater says Fed independence is a top concern in US election
Hedge fund Bridgewater Associates said the Federal Reserve independence is probably a top issue in the U.S. presidential election, according to a commentary sent
October 23, 2024
US
US Fed Board disciplined nine staff for sexual harassment in 2020-2023, document shows
The U.S.
October 23, 2024
Asia|Economy|Election|Finance|Stock Markets|US
Stock market today: Wall Street slumps to a rare 3-day losing streak
U.S. stocks fell as more steam came out of Wall Street’s huge, record-breaking rally
October 23, 2024
Economy|Finance|US
Dollar continues rally, hits 3-month high vs yen
The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S. economic strength and an expected divergence among
October 23, 2024
Economy|Finance|Stock Markets|US
Dollar hits to 2-1/2-month peak as US rates, election eyed
The U.S. dollar rose to a fresh 2-1/2-month high on Tuesday, continuing its recent ascent on expectations the Federal Reserve will temper its interest rate
October 22, 2024
Business|Economy|Finance|Stock Markets|US
Fed needs to continue to cut rates, Daly says
San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which are "absolutely"
October 21, 2024
Business|Finance|Stock Markets|US
Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
Citi Research raised its three-month forecast for gold prices, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF
October 21, 2024
Business|Economy|Finance|US
Fed's Schmid wants cautious, gradual, deliberate rate cuts
Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a "cautious and deliberate" approach to interest rate cuts now that inflation is heading back to the
October 21, 2024
Business|Economy|Finance|US
Four Fed policymakers favor more rate cuts, but differ on pace
Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.
October 21, 2024
Uncategorized
Fed's Logan eyes more gradual rate cuts amid more balance sheet cuts
By Michael S.
October 21, 2024
Business|Economy|Finance|US
Fed's Bostic sees no need to rush on rate cuts
Atlanta Federal Reserve Bank President Raphael Bostic on Friday made the case for patient reductions in the central bank's policy rate to somewhere between 3% and 3.5% by the
October 18, 2024
Business|Economy|Finance|Stock Markets|US
US equity funds draw big inflows on bank earnings, rate cut hopes
U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate
October 18, 2024
Economy|Finance|US
U.S. stocks post sixth straight weeks of gains, gold hits all-time high
Tech stocks powered Wall Street stocks to a higher close and crude prices posted their biggest weekly drop in a month on Friday as investors looked past mixed
October 18, 2024
Business|Economy|Finance|US
Foreign holdings of US Treasuries soar to all-time peak in August, data shows
Foreign holdings of U.S. Treasuries surged to a record high in August, data from the Treasury Department showed on Thursday, rising for four straight months. Holdings of U.S.
October 17, 2024
Economy|Finance|US
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August
October 17, 2024
Uncategorized
New NY Fed tool suggests balance sheet drawdown has more room to run
By Michael S.
October 17, 2024
Economy|US
US weekly jobless claims unexpectedly fall
The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene
October 17, 2024
Economy|Finance|US
Strong discretionary spending buoys US retail sales in September
U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view
October 17, 2024
Asia|Economy|Finance|US
Investors turn short on most Asian FX as dollar strength prevails- Reuters poll
Analysts turned bearish on most Asian currencies, with short bets on the Indian rupee at a one-year high, as expectations the Federal Reserve would cut rates less
October 17, 2024
Business|Economy|Finance|US
Goldman Sachs expects series of consecutive 25 basis point Fed cuts ahead
Goldman Sachs said on Wednesday it expects the U.S.
October 16, 2024
Uncategorized
Cleveland Fed warns sticky rent gains may pressure overall inflation
By Michael S.
October 16, 2024
Economy|Finance|US
Cheaper energy products depress US import prices in September
U.S. import prices fell by the most in nine months in September amid a sharp decrease in the cost of energy products, pointing to a benign inflation outlook
October 16, 2024
Crime|US
Trump says president should weigh in on, but not order, Fed rate decisions
U.S.
October 15, 2024
Uncategorized
Fed's Daly says central bank likely on track for more rate cuts
By Michael S.
October 15, 2024
Uncategorized
US consumers see higher long-run inflation, rising delinquency risk
By Michael S.
October 15, 2024
Business|Finance|Stock Markets
UBS lifts year-end target for S&P 500 to 5,850 points
UBS Global Research on Tuesday raised its year-end target for the benchmark S&P 500 index to 5,850 points from an earlier projection of 5,600, boosted by corporate profit growth,
October 15, 2024
Business|Economy|Finance|US
Investor optimism sees biggest jump since June 2020, survey shows
Global investor optimism posted its biggest jump since June 2020 in October due to Federal Reserve rate cuts, stimulus pledges from China and expectations of a soft landing for the
October 15, 2024
Economy|Finance|US
US dollar continues uptrend as Fed policy provides lift
The U.S. dollar edged higher against most major currencies on Tuesday, resuming the latest uptrend that took it to more than two-month highs fueled by
October 15, 2024
Economy|Political|US
Trump's economic plans would worsen inflation, experts say
Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”
October 14, 2024
Economy|Election|US
Trump's economic plans would worsen inflation, experts say
Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”
October 14, 2024
Economy|Finance|US
Fed's Waller "more cautious" on rate cuts
Citing a recent uptick in inflation and data showing the U.S. economy and labor market are stronger than previously thought, Federal Reserve Governor
October 14, 2024
Asia|Economy|Finance|Stock Markets
Bank Indonesia to hold key rate at 6% on Oct. 16 amid rupiah concerns
Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of
October 14, 2024
Business|Economy|Finance|Stock Markets|US
S&P 500 ends at fresh record high, as Dow scales 43k for first time
Wall Street ended higher on Monday, with both the S&P 500 and the Dow posting fresh record finishes, as investors bought into technology stocks ahead of a busy week packed
October 14, 2024
Economy|Finance|Stock Markets|US
U.S. equity funds see outflows on rate cut views
U.S. equity funds witnessed outflows in the week to Oct. 9 as investors booked profits due to a shift in market expectations about the Federal Reserve rate cut path and a surge in bond
October 11, 2024
Business|Economy|Finance|US
Traders keep bets on 25 basis point Fed rate cuts in November, December
The case for quarter-point U.S. interest rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were flat last month compared
October 11, 2024
Business|Finance|US
Wells Fargo profit beats forecasts as provisions shrink; shares rise
Wells Fargo's profit beat analysts expectations in the third quarter as it set aside less money than expected to cover potential loan
October 11, 2024
Business|Finance|Stock Markets
S&P 500, Dow hit records, boosted by bank earnings surprise
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly
October 11, 2024
Business|Economy|Finance|US
Surging US repo activity likely exacerbating funding pressure
A sharp steady rise in overnight repurchase agreements is overwhelming banks that serve as middlemen for such short-term borrowings in U.S. government
October 11, 2024
Business|Economy|Finance
Faster move to neutral rate could help Bank of Canada fend off below-target inflation
The Bank of Canada is likely to lower interest rates to a neutral setting that neither restricts nor stimulates its economy more quickly than the U.S.
October 11, 2024
Business|Economy|Finance|Stock Markets
Stocks climb on bank earnings boost, US yields dip
Global stocks rose on Friday, lifted by U.S. bank earnings, and on track for a weekly gain while U.S.
October 11, 2024
Business|Economy|Finance|US
Dollar edges higher against major currencies as traders weigh US data
The U.S. dollar was flat against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve's
October 11, 2024
Uncategorized
NY Fed survey shows big banks still expect spring stop to balance sheet drawdown
By Michael S.
October 10, 2024
Business|Economy|Finance|US
US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets
Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.
October 10, 2024
Business|Economy|Finance
Mortgage rates surged for the second-straight week after hitting two-year lows
Mortgage rates surged for the second-straight week after hitting two-year lows
October 10, 2024
Economy|Finance|US
US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data
October 10, 2024
Business|Economy|Finance|US
Fed's Williams reckons more rate cuts lie ahead, amid solid economy
Federal Reserve Bank of New York President John Williams said Thursday he expects more rate cuts lie ahead as inflation pressures continue to moderate.
October 10, 2024
Economy|Finance|US
Fed's Goolsbee sees gradual policy rate cuts over next 12-18 months
Chicago Federal Reserve Bank Austan Goolsbee on Thursday said he sees a series of interest-rate cuts over the next year to year and a half, noting that inflation is now near the Fed's 2%
October 10, 2024
Economy|Finance|US
Instant view: Warm Sept CPI inflation chills outlook for dovish Fed
U.S. consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than 3-1/2 years, potentially keeping the Federal Reserve
October 10, 2024
Economy|Finance|US
Fed officials signal more rate cuts, Bostic open to a skip
By Ann Saphir and Michael S.
October 10, 2024
Economy|Finance|US
US consumer prices rise on food; Hurricane Helene muddies labor market picture
U.S. consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-
October 10, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street ends slightly lower after higher than expected inflation, jobless claims
Wall Street's main indexes closed lower on Thursday as investors looked to higher-than-expected inflation and unemployment claims for indications
October 10, 2024
Finance|Stock Markets|US
Dollar slips against yen after data shows labor market weakness, rising inflation
The U.S. dollar slipped against the yen on Thursday as investors weighed data showing labor market weakness as well as a slight uptick in consumer prices,
October 09, 2024
Business|Economy|Finance|US
Fed's Daly sees one or two more interest rate cuts this year
San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she "fully" supported the U.S. central bank's half-of-a-percentage-point interest-rate cut last month, and said one
October 09, 2024
Economy|Finance|US
US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months
The interest rate for the most popular U.S. home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year after better-than-expected economic data caused
October 09, 2024
Business|Economy|Finance|US
Regional banks brace for tougher capital rules, get relief from Fed cuts
U.S. regional banks preparing for higher capital requirements will get some relief from the Federal Reserve's jumbo rate cut.
October 09, 2024
Economy|Finance|US
Fed's Logan calls for 'gradual' rate cuts, says 'should not rush'
Dallas Federal Reserve Bank President Lorie Logan on Wednesday said she supported last month's outsized interest-rate cut but wants smaller reductions ahead, given "still real" upside
October 09, 2024
Business|Finance|Stock Markets|US
Equities rise after Fed minutes; inflation data and earnings in focus
Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting
October 09, 2024
Business|Economy|Finance|US
Fed September minutes may show whether 50 bps rate cut was a slam dunk or a hard sell
Minutes of the U.S.
October 09, 2024
Economy|Finance|US
Column-Dollar won't fall as rest of world won't let it: Mike Dolan
The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S. currency if the rest of the world just won't let it
October 09, 2024
Finance|Stock Markets|US
Fed Vice Chair Jefferson: Sept rate cut was 'timely'
The Federal Reserve's 50-basis-point interest-rate cut last month was "timely" and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday.
October 08, 2024
Business|Economy|Finance|US
Fed Vice Chair Jefferson: rate cut aimed at keeping US job market strong
Federal Reserve Vice Chair Philip Jefferson on Tuesday said the U.S. central bank's half-percentage-point interest-rate cut last month was aimed at keeping the labor market strong even as
October 08, 2024
Asia|Finance
Investors read Fed tea leaves, shrug off China stimulus
A look at the day ahead in Asian markets.
October 08, 2024
Uncategorized
Fed's Collins expects more rate cuts amid confidence inflation is easing
By Michael S.
October 08, 2024
Business|Economy|US
Fed's Bostic says labor market slowing but not slow, jobs gains 'robust'
Last week's jobs numbers confirm the U.S. labor market remains strong even though it may be slowing, with a 4.1% unemployment rate around what is considered full employment and
October 08, 2024
Business|Economy|Finance|US
In the Market: Fed may struggle to rid backstops of stigma amid new push
The U.S. Federal Reserve is encouraging banks to count on its long-shunned cash backstops in a bid to support its monetary policy and financial stability goals.
October 08, 2024
Business|Economy|News|US
US jobs market cooling but still resilient, Fed's Kugler says
The U.S. jobs market has started to cool but remains resilient and the Federal Reserve is keen to avoid a drastic weakening of the labor market, Fed Governor Adriana Kugler said
October 08, 2024
Economy|Finance|Stock Markets|US
Fed's Kugler makes case for more rate cuts if inflation keeps easing
Federal Reserve Governor Adriana Kugler said on Tuesday she strongly supported the U.S. central bank's recent interest rate cut and will support further reductions if inflation continues to
October 08, 2024
Asia|Business|Economy|Europe|Finance|Stock Markets
China stock frenzy gets a wet blanket
A look at the day ahead in European and global markets from Rae Wee Investors hoping for a roaring restart to China's stock rally, after the mainland's week-long holiday, were disappointed on Tuesday
October 08, 2024
Business|Economy|Finance|News|US
Fed's Williams says appropriate again to cut rates 'over time', FT reports
Federal Reserve Bank of New York President John Williams said that it will be appropriate again for the central bank to reduce rates 'over time,' after September's big half percentage point
October 08, 2024
Business|Economy|Finance|US
Dollar steadied by focus on Fed path, China, Middle East
The dollar held firm on Tuesday, treading water just under last week's seven-week highs as investors assessed the outlook for further U.S.
October 08, 2024
Business|Economy|Finance|US
Fed's Musalem argues for more rate cuts, says data to drive easings
Federal Reserve Bank of St.
October 07, 2024
Business|Economy|Finance
Why a key borrowing rate is above 4% again
Why a key borrowing rate is above 4% again
October 07, 2024
Business|Economy|Finance|Stock Markets|US
Monster payrolls see 10-year Treasury yields top 4%
A look at the day ahead in U.S. and global markets from Mike Dolan With any thought of U.S. recession off the agenda after a monster September jobs report, doubts about the extent of further Federal
October 07, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street indexes slip with interest rates, Middle East in focus
Wall Street's three major indexes closed down around 1% on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve
October 07, 2024
Economy|Finance|News|US
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed
October 07, 2024
Business|Economy|Finance|Stock Markets|US
How a rates rethink after strong US jobs data could shake up markets
The reverberations from a blowout U.S. employment number could threaten an assortment of trades predicated on falling interest rates, if
October 07, 2024
Business|Economy
What a hot job market means for inflation
What a hot job market means for inflation
October 06, 2024
Business|Economy|Finance|News|US
The jobs number surpassed everyone’s expectations. Cue the complaints about the Fed
The jobs number surpassed everyone’s expectations. Cue the complaints about the Fed
October 05, 2024
Finance|Stock Markets|US
US dividend ETFs bask in investor attention after jumbo Fed rate cut
U.S. exchange-traded funds (ETFs) that invest in dividend-paying stocks have enjoyed a rush of inflows since the Federal Reserve kicked off its rate cutting cycle last
October 04, 2024
Business|Economy|Finance|Stock Markets|US
Investors look to earnings to support record-high stock prices
A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a U.S.
October 04, 2024
Business|Economy|Finance|US
Fed's Goolsbee calls jobs report 'superb,' still sees rate cuts ahead
Chicago Federal Reserve President Austan Goolsbee on Friday called the latest U.S. jobs report "superb" and said more labor market data along those lines would boost his confidence the
October 04, 2024
Business|Economy|Finance|News|US
Fed seen slowing rate cut pace after strong US jobs data
A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a
October 04, 2024
Business|Economy|Finance|News|US
US Sept payrolls jump takes Nov 50 bp cut off the table
U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August's 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at
October 04, 2024
Business|Economy|Finance|Stock Markets|US
Dow registers record high close as US jobs data eases economic worries
The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors
October 04, 2024
News|US
Surging jobs, wages, keep Fed base case of quarter point cuts on track
U.S.
October 04, 2024
Business|Economy|Finance|US
Blowout US employment report reinforces economy's resilience
U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not
October 04, 2024
Business|Economy|Finance|US
Fed's paper losses top the $200 billion mark
U.S. Federal Reserve losses crossed the $200 billion point this week, according to data released on Thursday by the central bank.
October 03, 2024
Business|Economy|News|US
US service sector activity accelerates to 1-1/2-year high; employment declining
U.S. services sector activity jumped to a 1-1/2-year high in September amid strong growth in new orders, more evidence that the economy remained on a solid footing in the third
October 03, 2024
Americas|News|US|World
Bumper Fed rate cut supercharges central banks' easing cycle in September
Led by the U.S.
October 03, 2024
Business|Economy|Finance
EM currencies set to hold steady or pare gains for the rest of 2024 - Reuters poll
Most emerging market currencies are set to trade in tight ranges or pare some of the year-to-date gains in the next three months
October 03, 2024
Business|Economy|Finance|US
Fed's Barkin says rates were 'out of sync' before September cut, inflation fight not done
The U.S. central bank's half-percentage-point interest rate cut last month was an acknowledgement that its policy rate was "out of sync" with
October 02, 2024
Business|Economy|Finance|US
Dollar to stay unfazed despite growing uncertainties: Reuters poll
The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve interest rate cuts, according to median forecasts from FX
October 02, 2024
Business|Finance|Technology
Tech market values jump in September on Fed rate cuts, AI optimism
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies, and
October 02, 2024
Economy|Finance|US
Projected Fed rate cuts could see 'income drag' akin to 2020 :Mike Dolan
If you think Federal Reserve interest rate cuts could overly spur an already briskly growing U.S. economy, consider the other side of the equation: the income drag.
October 02, 2024
Uncategorized
Fed liquidity tools see demand ease amid new repo market anxieties
By Michael S.
October 01, 2024
Business|Finance|US
Fed terminates 2013 money-laundering enforcement action against Citigroup
The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed against Citigroup over shortcomings in its capacity to police
October 01, 2024
Business|Economy|News|US
A sign of strength in the labor market: Job openings increased in August
A sign of strength in the labor market: Job openings increased in August
October 01, 2024
Business|Finance|Stock Markets|Technology
Wall St eyes 'slower for longer' equity rise as rally broadens: McGeever
A handful of mega-cap technology stocks has fueled Wall
October 01, 2024
Business|Economy|News|US
No signs of US labor market deterioration as job openings rebound
U.S. job openings unexpectedly increased in August after two straight monthly decreases, but hiring was soft and consistent with a slowing labor market that
October 01, 2024
Business|Economy|News|US
US job openings rise to 8 million as labor market remains sturdy
U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience
October 01, 2024
Business|Economy|Finance|US
US manufacturing steady in September; prices paid measure lowest in nine months
U.S. manufacturing held steady at weaker levels in September, but new orders improved and prices paid for inputs declined to a nine-month low, which together with falling
October 01, 2024
Business|Finance|News|Stock Markets|US
Indexes end down as Iran launches missiles at Israel; defense shares rise
U.S. stocks ended lower, with the Nasdaq losing more than 1%, on Tuesday as investors grew more cautious after Iran fired missiles at Israel.
October 01, 2024
Business|Finance|Stock Markets|US
Stocks kick off Q4 at record, euro inflation undershoots
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P500 kicks off the final quarter of a stellar 2024 from yet another record close notched on Monday - with odd quarter
October 01, 2024
Economy|Europe|Finance|Stock Markets
Milder inflation seen setting up rate cuts
A look at the day ahead in European and global markets from Tom Westbrook European inflation figures are due on Tuesday and the risk is to the downside, which will reinforce bets that the European
October 01, 2024
Business|Economy|Finance|Stock Markets
Stocks fall, safe haven assets rally with oil as Iran fires on Israel
MSCI's global equities index fell with Treasury yields on Tuesday as investors shied away from riskier assets while oil futures rallied on concerns about
October 01, 2024
Economy|Finance|News|Stock Markets|US|World
Safe havens gain as Iran fires missiles at Israel
Safe haven currencies strengthened on Tuesday as Iran launched missiles towards Israel, while the dollar also firmed on data showing a resilient U.S. labor market.
October 01, 2024
Business|Economy|Finance|Stock Markets|US
Powell suggests 50 bp more cuts in store for 2024
The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and "over time" reach a level that is no longer
September 30, 2024
Business|Economy|Finance|News|Stock Markets|US
Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming
Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy
September 30, 2024
Economy|Finance|News|US
Fed sees no 'hurry' to cut rates as confidence in economy grows, Powell says
Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts
September 30, 2024
Uncategorized
Fed's Goolsbee reiterates case for extended path of rate cuts
By Michael S.
September 30, 2024
Uncategorized
New York Fed's reverse repo facility sees cash surge on last day of Q3
By Michael S.
September 30, 2024
Business|Economy|Finance|US
Fed's Bostic open to another large rate cut if job market weakens
Atlanta Federal Reserve President Raphael Bostic said on Monday he would be open to another half-percentage-point interest rate cut at the U.S.
September 30, 2024
Business|Economy|Finance|US
Jobs data to test US stock market's soft-landing hopes
Investor hopes for a soft landing for the U.S. economy will be put to the test next week, as the government releases closely watched labor market data following
September 27, 2024
Business|Economy|Finance|News|Stock Markets
What fueled this week’s record-breaking stock rally
What fueled this week’s record-breaking stock rally
September 27, 2024
Economy|Finance|Stock Markets|US
Clock is ticking for US recession, return of Fed's QE, says black swan fund
The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in financial markets could once
September 27, 2024
Economy|Finance|US
Instant view: August US PCE inflation cools to within reach of Fed target
The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported on Friday.
September 27, 2024
Economy|Finance|News|Stock Markets|US
Fed seen cutting rates another 50 bps in November
The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders bet on Friday, after a government report showed U.S. inflation has cooled
September 27, 2024
Business|Economy|Finance|US
US consumer spending resilient; inflation continues to abate
U.S. consumer spending increased slightly less than expected in August, but that did little to change expectations that solid economic growth persisted in the
September 27, 2024
Business|Economy|Finance|News|Stock Markets|US
US PCE eyed as China rebound accelerates
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. stocks surf new records as the last full week of the quarter comes to a close, with China's furious monetary easing accelerating
September 27, 2024
Economy|Finance|News|US
Latest inflation data could boost case for more big Fed rate cuts
Slowing inflation in August buttressed arguments Federal Reserve officials used in defense of their decision to lower interest rates by half of a percentage
September 27, 2024
Business|Economy|Finance|News|Stock Markets|US
Dow closes at record high as tame inflation report also lifts small caps
The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap
September 27, 2024
Business|Economy|Finance|Stock Markets|US
Stock market today: Dow sets a record as Wall Street drifts to the finish of another winning week
U.S. stocks closed another record-setting week with a muted performance
September 27, 2024
Business|Economy|Finance
Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated
A Federal Reserve official says he supports reducing the central bank’s key interest rate somewhat from its current level
September 26, 2024
Business|Economy|Finance|News|US
Fed's Cook says she 'wholeheartedly' supported half-point rate cut
Federal Reserve Governor Lisa Cook on Thursday endorsed the U.S. central bank's 50-basis-point interest-rate cut last week as a way to address increased "downside risks" to employment.
September 26, 2024
Uncategorized
NY Fed's Perli says there is plenty of room left to run in shrinking Fed holdings
By Michael S.
September 26, 2024
Business|Economy|Finance|News|US
Average rate on a 30-year mortgage slips to 6.08%, lowest level in 2 years
The average rate on a 30-year mortgage in the U.S. slipped this week to its lowest level in two years, boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs
September 26, 2024
News|US
Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level
U.S.
September 26, 2024
Uncategorized
Fed's discount window can be normal funding source for banks, Barr says
By Michael S.
September 26, 2024
Uncategorized
Fed's Williams announces new effort on reference rates
By Michael S.
September 26, 2024
Business|Economy|Finance|US
US core capital goods orders rise in August
New orders for key U.S.-manufactured capital goods unexpectedly rose in August, though business spending on equipment appears to have lost momentum in the third quarter.
September 26, 2024
Business|Economy|Finance
Global hunt for neutral interest rate to shape finance costs
With key central banks now aligned in cutting interest rates a real-time experiment is underway in how much the global financial
September 26, 2024
Business|Finance|News|Stock Markets|US
Stock market today: Wall Street ticks to another record as stocks worldwide rally
U.S. stocks rose to another record as financial markets around the world rallied again
September 26, 2024
Business|Economy|Finance|News|US
Dollar drops as data boost fades; Swiss franc gains following rate cut
The dollar weakened in choppy trading on Thursday after a boost from healthy U.S. economic data faded, while the Swiss franc rose after the country's central
September 26, 2024
Economy|Finance|News|US
Fed's Kugler strongly supported half-percentage-point rate cut
Federal Reserve Governor Adriana Kugler said on Wednesday that she "strongly supported" the U.S. central bank's decision to cut interest rates
September 25, 2024
Business|Economy|Finance|US
Fed's steer as important for markets as policy action: McGeever
As former Federal Reserve Chair Ben Bernanke used to quip, "monetary policy is 98% talk and only 2% action."
September 25, 2024
Business|Economy|Finance|News
Gold’s hitting new records again. Here’s what it means for the economy
Gold’s hitting new records again. Here’s what it means for the economy
September 25, 2024
Economy|Finance|News|US
Bank of America CFO says Fed seems to be winning inflation battle
The Federal Reserve seems to be winning the inflation battle in the United States, Bank of America CFO Alastair Borthwick said, days after the central bank cut interest rates for the first
September 25, 2024
Business|Economy|Finance|US
Fed's bumper rate cut revives 'reflation specter' in US bond market
The Federal Reserve's aggressive start of the easing cycle has rekindled inflation worries in the U.S. bond market, as some investors fear looser financial
September 25, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street edges back from its record highs
U.S. stocks edged back from their records as financial markets around the world took a pause following big recent moves
September 25, 2024
Business|Economy|Finance|US
Dollar rises from 14-month low, yuan dips
The dollar bounced off a 14-month low against the euro on Wednesday in choppy trading, but investors held onto bets that the Federal Reserve will make another
September 24, 2024
Uncategorized
NY Fed's Perli: Markets were prepared to view last week's rate cut properly
By Michael S.
September 24, 2024
Business|Economy|Finance|US
Fed's rate cut offers limited relief for US factories facing China competition
Drew Greenblatt loves that the Federal Reserve has cut interest rates.
September 24, 2024
Business|Economy|Finance
US bond ETF launches up 50% from year-ago levels
Launches of bond-focused exchange traded funds have surged from year-ago levels in 2024, boosted by expectations of interest rate cuts by the Federal Reserve, according to
September 24, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street drifts to more records after Chinese stocks soar
U.S. stocks drifted to more records in a quiet day of trading
September 24, 2024
Uncategorized
Fed paper sketches out slow slog to unload central bank's mortgage bonds
By Michael S.
September 23, 2024
Business|Economy|Finance|News|US
Fed's Goolsbee sees 'many more' rate cuts ahead
Federal Reserve Bank of Chicago President Austan Goolsbee on Monday said he expects "many more rate cuts over the next year" as the U.S. central bank seeks a soft landing for the economy,
September 23, 2024
News|US
Fed officials say risks to jobs warranted rate cut as debate shifts to pace of easing
U.S.
September 23, 2024
Business|Economy|Finance|News
Fed's Kashkari says 50-basis-point rate cut was 'right decision'
By Ann Saphir and Michael S.
September 23, 2024
Business|Economy|Finance|News|Stock Markets|US
Hear Chair Powell explain decision to slash interest rates
The Federal Reserve announced a jumbo-sized rate cut, its first rate reduction cut since Covid. Federal Reserve chair Jerome Powell held a press conference to share more about the supersized rate cut.
September 23, 2024
Business|Finance|Technology|US
Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
Hedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by Reuters on
September 23, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall St ends slightly higher after Fed policymakers back rate cuts
U.S. stocks closed modestly higher on Monday as investors assessed whether a trend will develop in the week following the Federal Reserve’s rate cut.
September 23, 2024
Economy|Finance|US
Fed mulls inflation undershoot, Europe contracts
A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. markets now mapping the extent of the Federal Reserve's easing cycle ahead, the prospect of inflation undershooting the
September 23, 2024
Business|Finance|US
Fed rate cuts will put money in pockets, but a mood shift may take time
Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making
September 23, 2024
Economy|Europe|Finance|News|US
Euro slumps, dollar index edges higher after PMI data
The euro dropped against the dollar on Monday as business activity reports for the euro zone economy disappointed, briefly extending declines after U.S. data
September 22, 2024
Business|Economy|Finance|News|Stock Markets|US
Stocks climb, euro falls; Fed officials say large rate cut was warranted
Global stock indexes rose on Monday as Federal Reserve policymakers said last week's large interest rate cut was warranted, while the euro fell against the
September 22, 2024
Asia|Economy|News
Fed adrenaline keeps pumping, PBOC inertia may drag
A look at the day ahead in Asian markets.
September 22, 2024
Business|Economy|Finance|News
For home shoppers, the Fed’s big rate cut is likely just a small step towards affording a home
The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come
September 22, 2024
Business|Economy|Finance|News|US
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
The Fed surprised many investors with a jumbo rate cut this week. It won’t get much easier to predict the next move
September 20, 2024
Economy|Finance|News|US
Fed's Bowman says dissent on large rate cut based on above-target inflation data
Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-
September 20, 2024
Business|Economy|Finance
What lower rates mean for markets
What lower rates mean for markets
September 20, 2024
Business|Economy|Finance|US
US inflation data cemented big cut for one Fed official, dissent for another
Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage point, laid out on Friday the
September 20, 2024
Economy|Finance|US
US bond funds draw inflows for a 16th straight week
U.S. bond funds attracted inflows for a 16th straight week in the week ended Sept. 18, on expectations that the Federal Reserve would deliver an outsized rate cut in its meeting during the
September 20, 2024
Business|Economy|Finance|News|US
Fed blackout period will lift with Waller's CNBC appearance on Friday
The Federal Reserve's blackout period on public comment around meetings of the U.S. central bank lifts on Friday after a key interest rate decision earlier in
September 20, 2024
Business|Economy|Finance|Stock Markets|US
Global equity funds draw big inflows ahead of Fed rate cut
Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle.
September 20, 2024
News|Uncategorized|US|World
Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner- Reuters poll
The U.S.
September 20, 2024
Business|Finance|News|Stock Markets|US
Taking stock after Fed glow, Japan/China hold
A look at the day ahead in U.S. and global markets from Mike Dolan After a roaring Thursday that saw Wall Street stocks lap up deep Federal Reserve easing into a still-healthy economy, there's a
September 20, 2024
Business|Economy|Finance
Fed jumbo rate cut puts pressure on money market fund investors
Investment advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a
September 20, 2024
Business|Economy|Finance|News|US
If you own a home or hope to buy one soon, what does the Fed’s interest rate cut mean for you?
If you own a home or hope to buy one soon, what does the Fed’s interest rate cut mean for you?
September 20, 2024