Today: September 20, 2024
Today: September 20, 2024

Federal Reserve

Economy

Dollar rises from 3-1/2-month low; rate cut bets intact

The dollar climbed from more than three-month lows on Wednesday after data showing the U.S. economy grew faster in the third quarter

Dollar rises from 3-1/2-month low; rate cut bets intact
Business

Why the Fed should treat climate change's $150B economic toll like other national crises it's helped fight

Fed Chair Jerome Powell bristles at talk of managing climate change, but the damage it is doing the US economy is hard to ignore, as the latest National Climate Assessment shows.

Why the Fed should treat climate change's $150B economic toll like other national crises it's helped fight
Economy

Current policy rate lets Fed be 'nimble' with incoming data, Mester says

By Michael S.

Current policy rate lets Fed be 'nimble' with incoming data, Mester says
Economy

US economic activity slowed in recent weeks, Fed survey shows

U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to hire workers, the Federal

US economic activity slowed in recent weeks, Fed survey shows
Business

Stocks edge lower as dollar, Treasury yields rise with rates in focus

MSCI'S global stock index edged lower on Thursday, the last day of its strongest month since November 2020, while bond yields and the dollar

Stocks edge lower as dollar, Treasury yields rise with rates in focus
Economy

Marketmind: Treasuries on cusp of best month since 2008

A look at the day ahead in European and global markets from Wayne Cole. Let's start with Treasuries because, if this were sports, we'd be calling it a comeback for the ages.

Marketmind: Treasuries on cusp of best month since 2008
Business|News

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
Economy

US consumer spending slows in October; weekly jobless claims rise slightly

U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest since early 2021, signs of cooling demand that could further strengthen

US consumer spending slows in October; weekly jobless claims rise slightly
Economy

Fed's Williams keeps alive rate hike chance if inflation doesn't retreat

By Michael S.

Fed's Williams keeps alive rate hike chance if inflation doesn't retreat
Business

As inflation cools, Fed officials signal rate hikes likely done

By Ann Saphir and Michael S.

As inflation cools, Fed officials signal rate hikes likely done
Economy

Overly cautious Fed could lead to mild US recession next year -Vanguard

The Federal Reserve will likely hesitate to cut interest rates next year for fears of a rebound in inflation, but by keeping interest rates high for long it

Overly cautious Fed could lead to mild US recession next year -Vanguard
Economy

Yellen says US economy does not need drastic tightening, 'soft landing' on track

U.S.

Yellen says US economy does not need drastic tightening, 'soft landing' on track
Business

Oil prices stabilise after slump on underwhelming OPEC+ cuts

Oil prices were stable on Friday following a 2% drop on Thursday, with the market unconvinced that the latest round of OPEC+ production cuts will be able to lift prices

Oil prices stabilise after slump on underwhelming OPEC+ cuts
Business|Economy|News|World

Stock market today: Wall Street extends its rally and closes at highest level since March 2022

Stocks gained ground on Wall Street as the market comes off its best month in more than a year

Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Economy

S&P, Nasdaq slip as caution prevails ahead of Powell comments

The S&P 500 and Nasdaq fell on Friday as investors were on edge ahead of Federal Reserve Chair Jerome Powell's comments that some fear may have a

S&P, Nasdaq slip as caution prevails ahead of Powell comments
Economy

Did pandemic central banking work? Fed review to eye inflation, jobs tradeoffs

The U.S.

Did pandemic central banking work? Fed review to eye inflation, jobs tradeoffs
Economy

US manufacturing mired in weakness, economy heading for slowdown

U.S. manufacturing remained subdued in November, with factory employment declining further as hiring slowed and layoffs increased, more evidence that the

US manufacturing mired in weakness, economy heading for slowdown
Economy

Fed's Goolsbee says inflation is on track to central bank's 2% goal

Chicago Federal Reserve President Austan Goolsbee said on Friday he believes inflation is "on track" to reaching the U.S. central bank's 2% target, driven in coming months by what he

Fed's Goolsbee says inflation is on track to central bank's 2% goal
Business

Powell says Fed to move 'carefully' on interest rates with risks 'more balanced'

The risks of the Federal Reserve moving too far with interest rate hikes, and slowing the economy more than necessary, have become "more balanced" with those of not moving high

Powell says Fed to move 'carefully' on interest rates with risks 'more balanced'
Business|News

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Fed's Powell notes inflation is easing but downplays discussion of interest rate cuts
Economy

Fed hawks, doves, and centrists: How US central bankers' views are changing

The labels "dove" and "hawk" have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market

Fed hawks, doves, and centrists: How US central bankers' views are changing
Economy

S&P 500 rises to highest close of 2023 amid rate cut optimism

The benchmark S&P 500 index closed at its highest level of the year on Friday amid growing optimism the Federal Reserve was done raising U.S. interest rates and could begin to cut

S&P 500 rises to highest close of 2023 amid rate cut optimism
Business|News|World

Stock market today: Asian shares slip ahead of key US economic reports

Asian shares have declined in cautious trading ahead of some key reports this week on the U.S. job market that might provide insight into the Federal Reserve’s thinking about interest rates

Stock market today: Asian shares slip ahead of key US economic reports
Business|Economy|News

Economists predict US inflation will keep cooling and the economy can avoid a recession

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates

Economists predict US inflation will keep cooling and the economy can avoid a recession
Economy

Fed, with rates at a peak, now looks at a hold and an eventual pivot lower

U.S.

Fed, with rates at a peak, now looks at a hold and an eventual pivot lower

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