Tens of thousands protest in Belgrade
Romanian protesters demand cancelled presidential election should go ahead
Ice core may hold answers to mysteries of Earth’s past
Meta oversight co-chair says the company looks like it’s ‘buckling to political pressure’ by ending fact-checking program
Israel to use withheld Palestinian tax income to pay electric co debt
Southern areas hit by winter storm thaw out as power slowly returns
'Den of Thieves 2' opens at No. 1 as 'Better Man' flops
Irish OL Anthonie Knapp won't play in CFP championship game; Buckeyes CB Denzel Burke good to go
Uncategorized
Cleveland Fed warns sticky rent gains may pressure overall inflation
By Michael S.
October 16, 2024Federal Reserve
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
Economy|Finance|News|Stock Markets|US
Richly valued US stock market may find limited benefit from rate cuts
As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the
September 20, 2024
Economy|Finance|News|Stock Markets|US
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the
September 20, 2024
Asia|Economy|Finance|News
China unexpectedly leaves lending rates steady; markets expect cuts soon
China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve
September 20, 2024
Business|Economy|Finance|News|Stock Markets|US
Global investors brace for turmoil as big Fed cut sows confusion
Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world's dominant economy is
September 19, 2024
Business|Economy|Finance|US
Fed's big cut may have been closer call than lone dissent suggests
The Federal Reserve's big bang start on Wednesday to what's expected to be more interest-rate cuts this year and next may have had the full support of only a slim majority of
September 19, 2024
Business|Economy|Finance|News|US
Biden says Fed made 'declaration of progress' with interest rate cut
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased
September 19, 2024
Business|Economy|Finance|US
Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut
The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve
September 19, 2024
Business|Economy|Finance
M&G sees value in long-dated government bonds, non-US equities
M&G Investments sees attractive valuations in some longer-duration government bonds and non-U.S. equities, a multi-asset fund manager at the London-based firm said on Thursday.
September 19, 2024
Business|Economy|Finance|News|US|Videos
So, the Fed cut rates? It’s still not the best time to buy a house
CNN’s Rahel Solomon talks to finance analyst Greg McBride, who puts the Fed’s first rate cut in years into perspective for homebuyers.
September 19, 2024
Business|Economy|Finance|News
Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
September 19, 2024
Business|Economy|News|US
US existing home sales drop in August; supply improves
U.S. existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply.
September 19, 2024
Business|Economy|Finance|US
Fed's next rate cut will be smaller, traders bet
Traders on Thursday added to bets the U.S.
September 19, 2024
Business|Economy|News|US
Weekly applications for US jobless benefits fall to the lowest level in 4 months
The number of Americans applying for unemployment benefits fell to their lowest level in four months last week
September 19, 2024
Business|Economy|Finance|Stock Markets|US
US homebuilder stocks surge on hopes for demand boost after Fed rate cuts
Shares of major U.S. homebuilders rose in early trading on Thursday as the Federal Reserve's rate-cut cycle is expected to ease pressure on mortgage rates, driving demand
September 19, 2024
Business|Economy|Finance|News|Stock Markets|US
US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure
September 19, 2024
Business|Economy|Finance|US
Stocks lap up Fed's fast 'recalibration', BoE up next
A look at the day ahead in U.S. and global markets from Mike Dolan After a typical skittish first-day reaction, world markets are on Thursday embracing the new Federal Reserve stance as insurance on
September 19, 2024
Business|Economy|Finance|US
Big Fed cut puts an ECB move next month on traders' radar
A big interest rate cut from the U.S.
September 19, 2024
Business|Economy|Finance|News|US
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago
September 19, 2024
Asia|Economy|Finance|US
Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows
Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a
September 19, 2024
Economy|Finance|US
BofA now expects Fed to go for 75 bps in rate cuts in Q4
BofA Global Research raised its forecast for the Federal Reserve's anticipated interest rate cuts for the remainder of this year to 75 basis points, after the U.S. central bank kicked off
September 19, 2024
Business|Europe|Finance|News|Stock Markets|US|World
European shares advance as global markets cheer Fed's outsized rate cut
European stocks jumped on Thursday after the U.S.
September 19, 2024
Finance|News|US
Market calm yields to stocks surge as investors cheer Fed rate cut
An initial muted market reaction following the Federal Reserve’s first rate cut in four years gave way to a surge in U.S.
September 19, 2024
Business|Economy|Finance|US
After jumbo Fed rate cut, market hopes ride on US soft landing
One of the most consequential Federal Reserve meetings in recent history has put investors’ focus squarely on one question: whether the
September 19, 2024
Business|Economy|Europe|Finance
UK inflation to keep BoE on cautious path
A look at the day ahead in European and global markets from Rae Wee With the Federal Reserve's highly anticipated rate cut done and dusted, the Bank of England (BoE) is next up in the rate decision
September 19, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates
September 19, 2024
Economy|Finance|US
Fed sees higher 'terminal' rate, reached sooner: McGeever
Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook for the fed funds rate's
September 19, 2024
Business|Finance|Stock Markets|US
Stocks shine, Treasury yields rise as rate cut stokes risk appetite
Major Wall Street indexes broke record highs after global counterparts booked gains and Treasury yields rose on Thursday as the start of the Federal Reserve's first
September 19, 2024
Economy|Finance|US
Dollar slips in choppy trading as traders grapple with Fed's giant rate cut
The U.S. dollar slipped in choppy trading on Wednesday as markets grappled
September 18, 2024
Economy|Finance|News
Fed slashes rates by a half-point – what that means for the economy and the presidential election
The relatively large rate cut signals that the Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.
September 18, 2024
Asia|Economy|Finance|News
Fed goes big, markets yo-yo
A look at the day ahead in Asian markets.
September 18, 2024
Uncategorized
Fed's Powell says balance sheet drawdown continues amid rate cuts
By Michael S.
September 18, 2024
Business|Economy|Finance|News|US
Fed might have cut rates at July meeting, Powell says
The U.S. central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been,
September 18, 2024
Economy|Finance|News|US
Trump on Fed's actions: 'It was a big cut'
Republican presidential candidate Donald Trump commented on the U.S. Federal Reserve's rate cut on Wednesday by saying "it was a big cut."
September 18, 2024
Uncategorized
Federal Reserve's Powell backs Basel changes, says no date yet for publishing new draft
By Michael S.
September 18, 2024
Business|Economy|Finance|News|US
US borrowers get quick relief as Fed cuts rates
U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time
September 18, 2024
Business|Economy|Finance|US
Foreign holdings of US Treasuries rise to a record in July
Foreign holdings of U.S.
September 18, 2024
Business|Economy|Finance|US
Fed's Powell: Central bank forecasts don't point to urgent action
Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don't imply an urgent process.
September 18, 2024
Business|Economy|Finance|News|US
The Fed’s long-awaited rate cut is colliding with presidential politics
The Fed’s long-awaited rate cut is colliding with presidential politics
September 18, 2024
Business|Economy|Finance|US
US rate futures imply more easing this year after Fed's 50-basis-point cut
Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by
September 18, 2024
Business|Economy|Finance|News
What has the Fed done in election years? Rate changes happen more often than not
The Federal Reserve's decision to cut interest rates by half a percentage point on Wednesday marked the closest the central bank has come in launching an easing cycle on the cusp of a U.S.
September 18, 2024
Economy|Finance|US
Fed policymakers see end-2024 policy rate at 4.4%: projections
U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, more than they anticipated in June, as inflation approaches their 2% goal
September 18, 2024
Business|Economy|Finance|US
Fed Bowman's dissent is first from Fed governor since 2005
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since 2005, denying Fed
September 18, 2024
Business|Economy|Finance|US
US 30-year mortgage rate falls to two-year low of 6.15%
The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years, on anticipation the Federal Reserve will start cutting interest rates on
September 18, 2024
Business|Economy|Finance|US
What does a Fed rate cut mean for American households?
The Federal Reserve cut U.S. short-term borrowing costs on Wednesday by a bigger-than-usual half percentage point, a watershed moment that should start to
September 18, 2024
Business|Economy|Finance|News|US
Fed rate-cutting cycle could be shallower than expected
As the U.S.
September 18, 2024
Business|Economy|Finance
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest rate cut
Key takeaways from the Fed’s decision to deliver a jumbo-sized interest rate cut
September 18, 2024
Business|Economy|Finance|Stock Markets|US
Equities close slightly lower, trade choppy after Fed rate cut
U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high
September 18, 2024
Business|Europe|Finance|Stock Markets
London stocks drop after inflation data, focus shifts to Fed
British stock indexes dropped on Wednesday as investors reined in bets on interest rate cuts by the Bank of England, while global risk sentiment
September 18, 2024
Business|Economy|Europe|Finance|Stock Markets|US
European shares end lower with Fed's big rate verdict in focus
European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important interest rate decision by the U.S.
September 18, 2024
Business|Economy|Finance|US
Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point
September 18, 2024
Business|Europe|Finance
Traders still guessing in final Fed countdown
A look at the day ahead in European and global markets from Kevin Buckland With just hours until one of the most highly anticipated central bank decisions in recent memory, traders are still agonising
September 18, 2024
Business|Economy|Finance|News|US
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers
September 18, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street droops, dollar edges back after bumper Fed cut
Major stock indexes closed with modest losses and the dollar gained ground in choppy trading on Wednesday after the U.S.
September 18, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates
September 18, 2024
Economy|Finance|US
Oil prices fall as Fed rate cut stirs economic worries, storage report mixed
Oil prices slipped lower on Wednesday as a rate cut announcement from the Federal Reserve raised worries about the health of the U.S. economy, while investors
September 18, 2024
Business|Economy|Finance|News|US
Dollar gains ground after Fed delivers bumper 50 basis point rate cut
The dollar edged higher in choppy trading after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater
September 17, 2024
Asia|Business|Economy|Finance
Fed's close call - the waiting is almost over
A look at the day ahead in Asian markets.
September 17, 2024
Business|Economy|Finance|News
So we’re expecting a rate cut. When will we start to see a difference in the economy?
So we’re expecting a rate cut. When will we start to see a difference in the economy?
September 17, 2024
Business|Economy|Finance|US
Sahm rule creator sees 50-bps Fed rate cut on labor market worries
The U.S. economy is not in a recession but labor-market weakness might worry the Federal Reserve enough to cut interest rates by 50 basis points on Wednesday,
September 17, 2024
Economy|Finance|US
Fed to go big on first rate cut, traders bet
Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation
September 17, 2024
Business|Economy|News|US
America’s economic engine is still revving, despite fears of a slowdown
America’s economic engine is still revving, despite fears of a slowdown
September 17, 2024
Business|Economy|Finance
US retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate
September 17, 2024
Business|Economy|Finance|US
US economy on solid ground as retail sales surprise on the upside
U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships was more than offset by strength in online purchases, suggesting
September 17, 2024
Business|Economy|Finance|Stock Markets|US
Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
Market expectations of substantial U.S. rate cuts this year are making short-dated debt unattractive as the Federal Reserve is unlikely to be as aggressive in easing
September 17, 2024
Business|Economy|Finance|US
Elizabeth Warren calls for emergency-like Fed rate cut ASAP
Elizabeth Warren calls for emergency-like Fed rate cut ASAP
September 17, 2024
Business|Finance|Stock Markets|US
S&P 500 ends little changed as early gains fade before Fed decision
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors
September 17, 2024
Business|Finance|Stock Markets|US
New highs, rotation as Fed meets with retail healthcheck
A look at the day ahead in U.S. and global markets from Mike Dolan With Federal Reserve easing within touching distance, U.S. stocks are not hanging about, underlining an uncomfortable
September 17, 2024
Uncategorized
Fed rate cut uncertainties rattle balance sheet outlook
By Michael S.
September 17, 2024
Economy|Finance|US
Bond investors debate recession risks with Fed easing finally at hand
Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut
September 17, 2024
Business|Economy|Finance|US
Rate-cut fever boosts investor sentiment in September, BofA survey shows
Global investor sentiment improved in September for the first time since June on optimism over a soft landing and interest rate cuts by the U.S.
September 17, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years
September 17, 2024
Business|Economy|Finance|Stock Markets|US
Stocks end nearly flat, dollar firms before Fed rate decision
U.S. stock markets ended nearly flat after hitting record highs on Tuesday and the dollar stood firm as strong economic data allayed slowdown fears and investors
September 17, 2024
Business|Economy|Finance|US
US dollar strengthens ahead of expected Fed rate cut
The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive
September 16, 2024
Business|Economy|Finance|US
As Fed cuts loom, health of US economy could determine markets' path
How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle
September 16, 2024
Economy|Finance|US
Fed rate cuts will not be as deep as the market expects, says BlackRock
The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market expects due to a resilient economy and inflation remaining sticky, the BlackRock
September 16, 2024
Economy|News|US
White House's Brainard says US inflation at turning point, focus should shift to jobs
Top White House economic adviser Lael Brainard declared that the U.S. economy had turned the corner in bringing down inflation and it was now time to focus
September 16, 2024
Economy|Finance|US
Column-Record US household wealth may increase chance of soft landing: McGeever
As the Fed prepares to cut interest rates, U.S. households are sitting on their largest accumulation of net wealth in history.
September 16, 2024
Business|Economy|Finance|Stock Markets|US
US interest rate futures see higher odds of super-sized Fed move
Futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in a nearly 60% chance of a 50 basis-
September 16, 2024
Business|Economy|News|US
What's happening in Las Vegas shows Fed's 'soft landing' is a good bet
The cracks in the labor market in Las Vegas and across Nevada have typically appeared early and widened fast when the U.S. economy
September 16, 2024
Economy|Finance|News|Stock Markets|US
Fed hits easing week, China economy weak
A look at the day ahead in U.S. and global markets from Mike Dolan After an extraordinary 30-month monetary squeeze designed to zap a post-pandemic inflation spike, the Federal Reserve is finally set
September 16, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Asian bonds attract massive inflows in August on Fed easing hopes
Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the U.S. Federal Reserve will start easing interest rates in September.
September 16, 2024
Business|Economy|Finance|News|Stock Markets|US
Why Fed rate cuts matter to world markets
When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States.
September 16, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Tech stocks drag, dollar plumbs lows on rate cut expectations
Tech stocks dragged on U.S. indexes and the dollar touched a more than one-year low against the yen on Monday as all eyes looked to a Federal Reserve meeting later
September 15, 2024
Economy|Finance|Stock Markets|US
US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut
The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could
September 15, 2024
Election|Finance|News|Stock Markets|US
Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump
U.S. stock futures and the dollar were little changed on Sunday after Republican presidential candidate Donald Trump was safe following what the FBI said
September 15, 2024
Asia|Business|Economy|Finance|News
China gloom vs Wall St vroom
A look at the day ahead in Asian markets.
September 15, 2024
Business|Economy|Finance|News|US
Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak
September 15, 2024
Economy|News|Political|US
The Fed keeps brushing off concerns about another Trump presidency. Closed-door meetings from his first term show otherwise
The Fed keeps brushing off concerns about another Trump presidency. Closed-door meetings from his first term show otherwise
September 15, 2024
Business|Economy|Finance|Stock Markets|US
Size, speed of rate moves in focus as Fed poised to start cuts
The Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at its monetary policy meeting and
September 13, 2024
Business|Economy|Finance|US
Goldman Sachs still sees 25 basis point Fed cut next week
Goldman Sachs on Friday said it continues to call for a quarter percentage point easing at next week's Federal Open Market Committee meeting, which contrasted with news stories about
September 13, 2024
Business|Economy|Finance|US
Fed seen nearly as likely to cut rates by 50 bps as 25 bps
The Federal Reserve is nearly as likely to deliver an outsized interest-rate cut next week as a more-usual-sized reduction, trading in rate-futures
September 13, 2024
Business|Economy|Finance|US
US consumer sentiment ticks higher for second month but remains subdued
Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture
September 13, 2024
Economy|Finance|US
US consumer sentiment climbs to four-month high; import prices drop
U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household
September 13, 2024
Business|Finance|Stock Markets|US
Wall Street advances as traders' bets rise for bigger Fed rate cut
Wall Street's main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week,
September 13, 2024
Americas|Business|Economy|Europe|Finance|News|US
Fed, ready, steady, cut
Don't go anywhere: an event-packed week is coming up with central banks from the United States to Brazil and from Europe to Japan meeting.
September 13, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street’s best week of 2024 closes with indexes near their records
U.S. stocks closed their best week of the year with more gains and climbed to the cusp of their records
September 13, 2024
Business|Economy|Finance|US
Strong case for 50 bp Fed cut, says former NY Fed chief Dudley
Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States.
September 13, 2024
Business|Economy|Finance|News|US
US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
The U.S. dollar fell on Friday to its
September 13, 2024
Business|Finance|Stock Markets|US
Prospect of steeper Fed cuts boosts stocks, drives record gold prices
U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its
September 13, 2024
Business|Economy|Finance|News
Mortgage rates fall to lowest level since February 2023
Mortgage rates fall to lowest level since February 2023
September 12, 2024
Business|Economy|Finance
IMF supports imminent start of US Fed easing cycle as inflation, economy slow
The International Monetary Fund said on Thursday it was appropriate for the U.S.
September 12, 2024
Economy|Finance|Stock Markets|US
Fed (finally) joins a global rate-cutting cycle
The U.S. Federal Reserve has joined a global easing cycle with a larger-than-anticipated half-point interest rate reduction.
September 12, 2024
Business|Economy|News
Wholesale inflation slowed again last month
Wholesale inflation slowed again last month
September 12, 2024
Business|Economy|Finance|News|US
US filings for unemployment benefits inch up slightly but remain historically low
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates
September 12, 2024
Economy|Finance|US
Wall Street indexes close up; data keeps smaller Fed rate cut in view
Wall Street's main indexes closed higher on Thursday after the latest inflation data reinforced expectations for a 25-basis point rate cut by the
September 12, 2024
Business|Economy|Finance|News|Stock Markets|US
The first cut isn't always the deepest
A look at the day ahead in U.S. and global markets by Amanda Cooper. The first cut might be the deepest in some cases, but in the case of the Federal Reserve, it would seem not.
September 12, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street climbs closer to its record high
U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations
September 12, 2024
Asia|Business|Finance|Technology
Tech stocks cue rally while ECB looms
A look at the day ahead in European and global markets from Stella Qiu Asian stock markets were broadly higher as investors regained some of their love for tech stocks, and Nvidia in particular, while
September 12, 2024
Business|Finance|Stock Markets|US
Wall Street ends higher, gold hits record ahead of rate cuts
Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.
September 12, 2024
Business|Economy|Finance|News|US
Fed official broke ethics rules but didn't violate insider trading laws, probe finds
A government investigation into Atlanta Federal Reserve President Raphael Bostic's securities trades and investments has found he violated several of the central bank's ethics policies
September 11, 2024
Business|Finance|US
Atlanta Fed's Bostic violated trading rules, US central bank watchdog says
Federal Reserve Bank of Atlanta President Raphael Bostic's trading and investing broke central bank rules, the Fed's in-house watchdog said on Wednesday.
September 11, 2024
Business|Economy|Finance|Stock Markets
Wild comeback: Dow bounce erases 700-point one-day dip
Wild comeback: Dow bounce erases 700-point one-day dip
September 11, 2024
Business|Economy|Finance|US
How regulators have overhauled contentious Basel Endgame capital hike rule
The Federal Reserve's regulatory chief on Tuesday outlined major revisions to the Basel Endgame draft rule hiking bank capital, following intense industry pushback.
September 11, 2024
Election|Finance|US
Does central bank independence really exist?: McGeever
Debate over the Federal Reserve's independence is bubbling up again and could become a red-hot issue for market watchers if Donald Trump wins the Nov.
September 11, 2024
Economy|Finance|US
Consumer inflation drops ahead of the Fed meeting
Inflation slowed to its lowest level since February 2021, even as housing costs and airline ticket prices continue to rise. Julia Chatterley explains how the new numbers may impact the Fed's looming decision on interest rates.
September 11, 2024
Business|Economy|Finance|News|US
Fed expected to deliver quarter-percentage-point rate cut next week
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction, as they seek to reduce the odds of a recession
September 11, 2024
Economy|Finance|News|US
US inflation trending lower, but some stickiness remains
U.S. consumer prices rose slightly in August, but underlying inflation showed some stickiness amid higher costs for housing and other services, further dashing
September 11, 2024
Economy|Finance|US
'Blunt' interest rates pose questions about Fed easing :Mike Dolan
If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.
September 11, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech
U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of influential Big Tech companies
September 11, 2024
Economy|Election|Finance|US
US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race
September 10, 2024
Asia|Business|Economy|Finance
Disinflation dynamics deepen
A look at the day ahead in Asian markets.
September 10, 2024
Business|Economy|Finance|News|US
Instant view: Fed's Barr unveils sweeping bank capital plan revisions after pushback, delays
The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the
September 10, 2024
Economy|Finance|US
Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024
The Federal Reserve will lower
September 10, 2024
Business|Economy|Finance|US
Fed's Barr unveils sweeping bank capital plan changes after pushback, delays
The Federal Reserve's regulatory chief on Tuesday outlined a plan to raise big banks' capital by 9%, significantly easing an earlier proposal after intense Wall
September 10, 2024
Business|Finance|Stock Markets|US
US election is just one risk among many for nervous stock market
Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S.
September 10, 2024
Business|Finance|US
Citi CFO expects investment banking fees to rise 20% in third quarter
Citigroup's investment banking fees are expected to jump 20% in the third quarter from a year earlier, Chief Financial Officer Mark Mason told
September 09, 2024
Uncategorized
NY Fed report finds mostly stable inflation expectations in August
By Michael S.
September 09, 2024
Business|Economy|Finance|US
US inflation may soon undershoot Fed's 2% target: McGeever
After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon
September 09, 2024
Business|Finance|Stock Markets|US
Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited
September 09, 2024
Business|Finance|Stock Markets|US
Post-payrolls foothold, new iPhones and debate
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street futures have found their feet after Friday's exaggerated market reaction to an otherwise middling employment report -
September 09, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street rallies to claw back some of last week's sharp loss
U.S. stocks climbed Monday to claw back some of the losses from their worst week in nearly a year and a half
September 09, 2024
Economy|Finance|US
US dollar perks up as traders reduce bets on larger Fed rate cut
The dollar snapped back against the yen and other major currencies on Monday after losses last week, as investors looked ahead to key U.S. inflation
September 09, 2024
Business|Finance|US
US to propose Basel rule revisions this month, Bloomberg reports
The U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a raft of proposed banks capital rules as soon as Sept.
September 07, 2024
Economy|Finance|US
Economic worries back on Wall Street's radar after jobs data
Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling
September 06, 2024
Business|Finance|News|Stock Markets|US
Traders see Fed starting with 25 bps cut in Sept
Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor
September 06, 2024
Business|Economy|Finance|News|US
Fed's Waller says it's time to lower rates, open to larger cuts
Federal Reserve Governor Christopher Waller on Friday said "the time has come" for the U.S. central bank to begin a series of interest rate cuts this month, adding that he is open-minded
September 06, 2024
Business|Economy|Finance|News|US
Instant view: August US payrolls short of expectations, boosts bigger rate cut view
STORY: U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an orderly labor market slowdown continued and probably did not
September 06, 2024
Uncategorized
Fed's Williams says time has arrived to start rate cuts
By Michael S.
September 06, 2024
News
Fed policymakers say they are ready to start cutting interest rates
By Ann Saphir, Lindsay Dunsmuir and Michael S.
September 06, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall Street stocks fall, big weekly drop as market waits for Fed to move
U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal
September 06, 2024
Business|Economy|Finance|Stock Markets|US
Payrolls, Williams and Waller - a big decider
A look at the day ahead in U.S. and global markets from Mike Dolan Friday looks set to play out like a concentrated version of what markets have been navigating all year - what's the fine
September 06, 2024
Business|Economy|Finance|Stock Markets|US
Investor dash to cash continues ahead of Fed rate cut, BofA says
Investors poured $61 billion into cash-like money market funds in the week to Wednesday, as they braced for the Federal Reserve to cut interest rates for the
September 06, 2024
Business|Economy|Finance|Stock Markets
FTSE 100 clocks weekly decline; personal goods shares biggest drag
UK's main stock index ended lower on Friday, dragged down by personal goods and automobile shares, while investors assessed U.S. jobs report data to determine the extent of
September 06, 2024
Business|Economy|Europe|Finance
European shares have worst day in a month as investors digest mixed US data
European shares fell for a fifth straight session on Friday in their worst day since early August, after a widely anticipated U.S. jobs report
September 06, 2024
Business|Economy|Europe|Finance|Stock Markets|US
All about them payrolls
A look at the day ahead in European and global markets from Stella Qiu Whatever Friday's U.S. payrolls report says, it's going to move things.
September 06, 2024
Economy|Finance|US
How Wall Street firms see US jobless rate shaping Fed rate cut
The Federal Reserve is widely expected to cut borrowing costs at its upcoming meeting Sept. 17-18 and the strength of the job market is likely to be a deciding factor on whether it
September 06, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street falls sharply to close its worst week in nearly 18 months
Another rout hit Wall Street after an update on the U.S. job market came in weak enough to add to worries about the economy
September 06, 2024
Business|Economy|Finance|News|Stock Markets|US
Global stock index, Treasury yields fall after mixed US jobs report
MSCI's global equities gauge fell more than 1% on Friday and U.S.
September 06, 2024
Economy|Finance|US
Dollar rises after August US payrolls report paints mixed picture
The dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the
September 05, 2024
Economy|Finance|US
Fed seeks feedback on emergency lending operations
The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending to banks
September 05, 2024
Business|Economy|Finance
Why investors are on edge ahead of Friday’s jobs report
Why investors are on edge ahead of Friday’s jobs report
September 05, 2024
Business|Economy|News|US
US service sector steady in August; employment cooling
U.S. services sector activity was steady in August, but employment gains slowed, consistent with an easing labor market.
September 05, 2024
Economy|News|US
Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels
The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling
September 05, 2024
Business|Economy|Finance|Stock Markets|US
Stocks calmed as action switches to rates, jobs
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. stocks look to have weathered the early September squall for now but interest rate speculation and ebbing bond yields now take
September 05, 2024
Economy|Finance|US
Bears circle weakening dollar as Fed rate cuts loom
The U.S. dollar's decline is gaining speed as anticipated interest rate cuts by the Federal Reserve threaten to end the greenback's years-long period of
September 05, 2024
Economy|Finance|US
US economy is slowing, but still has momentum, former official says
The U.S. economy is slowing but it still has some momentum, former Treasury Secretary Robert Rubin said on Thursday. The U.S.
September 05, 2024
Business|Economy|Finance|US
Fed's Daly says rate cuts needed to keep labor market healthy
The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fed
September 05, 2024
Economy|Finance|US
Dollar eases ahead of US payrolls test
The U.S. dollar eased against most major currencies on Thursday in choppy trading as investors braced for Friday's U.S. payrolls report,
September 04, 2024
Business|Economy|Finance|Stock Markets|US
Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll
Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts,
September 04, 2024
Business|Economy|Finance|News|US
US firms see weaker employment growth as economy slows, Fed survey shows
U.S. economic activity expanded more slowly from the middle of July through late August and businesses pulled back on hiring, signals that underscore why the Federal
September 04, 2024
Business|Economy|Finance|US
Philadelphia Fed says it is looking for Harker successor
The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer.
September 04, 2024
Business|Economy|Finance|News|US
Fed rate-cut size this month to hinge on job market health
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-
September 04, 2024
Business|Economy|Finance|News|Stock Markets|US
US job openings fall to 3-1/2-year low in July
U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but probably not enough for the Federal Reserve to consider a big interest
September 04, 2024
Business|Economy|News|US
US job openings fall as demand for workers weakens
America’s employers posted fewer job openings in July than they had the previous month, a sign that hiring could further cool in the coming months
September 04, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall Street ends slightly down after weak labor market data, dovish Fed comments
U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case
September 04, 2024
Business|Finance|Stock Markets|US
Stocks in seasonal sneeze as factories flunk
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street seems to be making a habit of these early month stock plunges, with Tuesday's tremor a mild aftershock from the brief
September 04, 2024
Business|Economy|Finance|News|Stock Markets|US
Dow falls by more than 600 points as September turns ugly
Dow falls by more than 600 points as September turns ugly
September 03, 2024
Business|Finance|Stock Markets|US
US corporate borrowers rush to bond market post-Labor Day
U.S. corporate borrowers flooded the investment-grade and junk bond market on Tuesday, getting ahead of expected market volatility on this month's rates decision by the
September 03, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall Street drops on September worries, upcoming data
U.S. stocks slumped on Tuesday, at the start of one of the market's historically worst months, ahead of data likely to influence how much the Federal Reserve will
September 03, 2024
Business|Economy|Finance|Stock Markets|US
Fed policymakers agree on need for rate cuts, but their reasons vary
As recently as two and a half months ago, most U.S. central bankers didn't see an interest rate cut in the cards at their Sept. 17-18 meeting.
September 03, 2024
Business|Economy|Finance|Stock Markets|US
ISM kicks off the dollar's big week
A look at the day ahead in European and global markets from Tom Westbrook Today's U.S. ISM manufacturing survey is the first major indicator out in a big week for U.S. data and, likely, the dollar.
September 03, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600
U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy's health
September 03, 2024
Economy|Finance|News|US
The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering
When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated
September 02, 2024
Business|Economy|Finance|US
Dollar eases after hitting highest in two weeks, US job data looms
The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the
September 01, 2024
Business|Finance|News|Stock Markets|US
U.S. stock rally broadens as investors await Fed
A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data
August 30, 2024
Economy|Finance|Stock Markets|US
US bond funds see sharp inflows amid bets of rate cut
U.S. bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in September and
August 30, 2024
Business|Economy|News
Latest inflation data gives a ‘bright green light’ for a rate cut
Latest inflation data gives a ‘bright green light’ for a rate cut
August 30, 2024
Business|Economy|Finance|News|US
Instant view: No surprises from US PCE inflation to alter Fed easing path
The personal consumption expenditures (PCE) price index rose 0.2% last month after an unrevised 0.1% gain in June, the Commerce Department said on Friday, matching economists' forecasts.
August 30, 2024
Business|Economy|Finance|News|US
Fed seen poised for September rate cut as inflation cools
Federal Reserve policymakers on Friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they
August 30, 2024
Economy|Finance|News|US
Solid US consumer spending pushes against hopes for hefty Fed rate cut
U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-
August 30, 2024
Economy|Finance|News
Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years
August 30, 2024
Business|Economy|Finance
Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year
August 29, 2024
Economy|Finance|US
US economy displays resilience with low layoffs, solid second-quarter growth
The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more
August 29, 2024
Business|Economy|Finance|News|US
US economic growth for last quarter is revised up to a solid 3% annual rate
The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment
August 29, 2024
Business|Finance|Stock Markets|Technology|US
Nvidia 'beats' as expected, but fallout limited
A look at the day ahead in U.S. and global markets from Mike Dolan After all that, Nvidia beat expectations - which has become "expected" - and the stock retreated about 5%.
August 29, 2024
Economy|Finance|News|US
Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure
Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be "time to move"
August 28, 2024
News|US
US Fed sets large bank capital levels after stress tests, eases on Goldman's level
The U.S.
August 28, 2024
Business|Economy|Finance|US
US 30-year mortgage rate falls to lowest since April 2023
The interest rate for the most popular U.S. home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing
August 28, 2024
Business|Finance|Stock Markets|Technology|US
As Nvidia awaited, Treasuries absorb new deluge
A look at the day ahead in U.S. and global markets from Mike Dolan Nvidia's post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S.
August 28, 2024
Economy|Finance|US
Gold falls on firmer dollar as US data takes spotlight
Gold prices dropped on Wednesday, hurt by a stronger U.S. dollar as investors focused on key inflation data from the world's largest economy for clues on the
August 28, 2024
Uncategorized
Chicago and NY Fed directors favored discount rate cut in July
By Michael S.
August 27, 2024
Economy|News|US
US consumer confidence scales six-month high, labor market angst rises
U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the labor
August 27, 2024
Economy|US
US consumer confidence rises in August as Americans' optimism about future improves
American consumers felt more confident in August as their outlook for the future improved
August 27, 2024
Economy|Finance|News|US
Unemployment rate is now Fed's undisputed lodestar: McGeever
Jerome Powell's Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both
August 27, 2024
Business|Economy|Finance|Stock Markets|US
UBS Wealth Management raises odds of U.S. recession to 25% from 20%
UBS Global Wealth Management has raised the odds of a U.S. recession to 25% from 20%, citing weakness stemming from softer jobs growth and the July unemployment data which stoked fears of
August 27, 2024
Business|Finance|Stock Markets|US
Pre-Nvidia hesitation obscures record high
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks are back just shy of new record highs, lapping up the likely start of Federal Reserve easing next month but wary
August 27, 2024
Business|Economy|Finance|News|US
Fed most likely to cut rates by quarter percentage point next month, Daly says
San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in
August 26, 2024
Business|Economy|Finance|US
US business spending on equipment shows signs of cooling in July
New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in
August 26, 2024
Business|Finance|Stock Markets|Technology|US
S&P 500 ends lower, weighed down by Nvidia dip
The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week, while investors awaited inflation
August 26, 2024
Business|Economy|Finance|US
With Fed's shift to job market risks done, policy now has to catch up
In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy caught up
August 26, 2024
Business|Economy|Finance
As US rate cuts near, economic 'soft-landing' odds could dictate stock performance
With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing”
August 26, 2024
Business|Economy|Finance
Darkening global outlook, central bank pivots signal more turbulence
Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global
August 26, 2024
Business|Economy|News|US
BOJ shows how action matters more than hawkish signs
For academics and policymakers gathered at the U.S.
August 25, 2024
Business|Economy|News|US
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
August 25, 2024
Uncategorized
Fed mortgage bond holdings play 'central' policy rule, paper says
By Michael S.
August 24, 2024
Business|Economy|Finance|US
Fed's actions spoke louder than words in inflation fight, research shows
The Federal Reserve's credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to
August 24, 2024
Economy|US
IMF's Gourinchas says right for US to cut rates though inflation risk not gone
The imminent rate cuts planned by the U.S.
August 23, 2024
Business|Economy|Finance|US
Powell's Fed not shy about election-year cuts, ready to defend job market
Federal Reserve Chair Jerome Powell made it clear on Friday the U.S. central bank would not shy away from pivoting to interest rate cuts in the
August 23, 2024
Uncategorized
Fed's Goolsbee: Current rate policy too tight for economy
By Michael S.
August 23, 2024
Business|Economy|Finance|US
Takeaways from Fed Chair Powell's speech at Jackson Hole
Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, Wyoming
August 23, 2024
Business|Economy|Finance|News|Stock Markets|US
Powell just suggested interest rate cuts are coming. What everyone wants to know now
Powell just suggested interest rate cuts are coming. What everyone wants to know now
August 23, 2024
Business|Economy|Finance|News|Stock Markets
‘The time has come’: The Fed just sent a crucial message about its next move
‘The time has come’: The Fed just sent a crucial message about its next move
August 23, 2024
Economy|Finance|News
How to prepare for the Fed's forthcoming interest rate cuts
The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages
August 23, 2024
Business|Economy|Finance|News|US
Powell green lights September rate cut
Federal Reserve Chair Jerome Powell said on Friday "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness
August 23, 2024
Business|Economy|Finance|News|US
US job market may be near tipping point, research shows
As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the
August 23, 2024
Business|Economy|Finance|News
Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming
Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming
August 23, 2024
Economy|Finance|News|US
See Powell's important announcement about inflation and the economy
Federal Reserve Chairman Jerome Powell signaled that lower interest rates may happen soon while speaking in Wyoming about the Fed's inflation fight. CNN's Julia Chatterley reports.
August 23, 2024
Business|Economy|Finance
Sterling climbs to highest since March 2022 against dollar
Sterling climbed to a more than two-year high on the dollar on Friday, on recent signs of strength in the UK economy and dovish comments from Federal Reserve Chair Jerome Powell that sent
August 23, 2024
Economy|Finance|News|Stock Markets|US
Key quotes from Powell's speech at Fed's Jackson Hole conference
Here are key quotes from Federal Reserve Chair Jerome Powell's speech on Friday to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming: POLICY: "The time has come for
August 23, 2024
Americas|Business|Economy|Finance|News|Stock Markets
TSX hits record high as Fed chief signs off on rate cuts
Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed the
August 23, 2024
Economy|Finance|Stock Markets|US
US equity funds draw large inflows on rate cut bets, easing growth concerns
U.S. equity funds attracted significant inflows in the seven days to Aug. 21, bolstered by bets of a Federal Reserve rate cut in September and easing worries about a potential downturn in
August 23, 2024
Business|Economy|Finance|Stock Markets|US
Dollar stuck in a Hole as Powell speaks
A look at the day ahead in U.S. and global markets from Mike Dolan Jerome Powell takes centre stage at the Federal Reserve's Jackson Hole jamboree on Friday but the Fed chair would have to sound super
August 23, 2024
Business|Economy|Finance|Stock Markets
South African rand jumps as Fed's Powell signals lower rates
The South African rand jumped on Friday, after comments by Federal Reserve Chair Jerome Powell signalled an interest rate cut next month.
August 23, 2024
Business|Economy|Europe|Finance
European shares end higher as Fed Chair Powell backs September rate cuts
Europe's STOXX 600 ended near session-highs amidst broad-based gains on Friday, as global markets advanced after Federal Reserve Chair Jerome Powell
August 23, 2024
Business|Economy|Finance|Stock Markets|US
Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.
August 23, 2024
Business|Economy|Finance|US
Fed's Powell, in policy shift, says 'time has come' to cut rates
Federal Reserve Chair Jerome Powell on Friday endorsed an imminent start to interest rate cuts, saying further cooling in the job
August 23, 2024
Business|Economy|Finance|Stock Markets|US
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S.
August 23, 2024
Business|Economy|Finance|US
Dollar falls after Powell greenlights September easing
The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the
August 23, 2024
Business|Finance|US
Oil climbs over 2% after Fed's Powell indicates US rate cuts
U.S. light crude oil gained more than 2% a barrel on Friday after comments by U.S.
August 23, 2024
Asia|Business|Finance|News
Dollar strikes back, Japan in spotlight
A look at the day ahead in Asian markets.
August 22, 2024
Business|Economy|Finance|News|US
Fed has 'clear path' to achieving goals without recession, Collins says
Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring
August 22, 2024
Business|Finance|Stock Markets|US
Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out.
August 22, 2024
Economy|Finance|News
Fed policymakers flag rate cuts as job market cools
By Ann Saphir and Michael S.
August 22, 2024
Uncategorized
Fed's Harker is ready to start methodical course of rate cuts
By Michael S.
August 22, 2024
Business|Economy|Finance|US
Fed's Collins: will soon be appropriate to cut interest rates
It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the
August 22, 2024
Business|Economy|Finance|US
Fed's Schmid signals open mind on September rate cut
Kansas City Fed Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday he was taking a closer look at the dynamics behind the rise in the
August 22, 2024
Business|Economy|Finance|News|US
What to look for at Fed's Jackson Hole symposium
Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe's premier economic gathering, the Kansas City Federal
August 22, 2024
Business|Economy|Finance|Stock Markets|US
Wall St ends lower as tech shares weigh; Jackson Hole in focus
All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank
August 22, 2024
Business|Finance|News|Stock Markets|US
Stock market today: Wall Street weakens ahead of a highly anticipated speech
U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday
August 22, 2024
Economy|Finance|Stock Markets|US
Stocks decline and dollar rebounds as Fed readies rate cuts
Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S.
August 22, 2024
Business|Economy|Finance|Stock Markets|US
Dollar rebounds against euro before Powell speech
The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the greenback’s
August 21, 2024
Economy|Finance|News|US
Fed minutes: Most officials favored a rate cut in September if inflation continued to cool
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool
August 21, 2024
Business|Economy|Finance|News|US
Government: US economy added 818,000 fewer jobs than first reported in year that ended in March
The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government says
August 21, 2024
Business|Economy|US
US job growth in year through March was far lower than estimated
U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Wednesday, underscoring the growing concerns the Federal Reserve has
August 21, 2024
Uncategorized
Fed steaming toward September rate cut, minutes from meeting show
By Michael S.
August 21, 2024
Business|Finance|Stock Markets|US
Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
U.S. stocks advanced on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the
August 21, 2024
Business|Europe|Finance|Stock Markets|US
London's FTSE 100 inches up ahead of Fed meeting minutes
London's FTSE 100 ended slightly higher on Wednesday, as traders remained cautious ahead of release of the Federal Reserve's July meeting minutes and
August 21, 2024
Business|Economy|News|Stock Markets|US
Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
U.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations
August 21, 2024
Economy|Finance|US
Fed's Bowman still cautious about changing policy stance
Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank's policy because of what she sees as continued upside risks for
August 20, 2024
Business|Economy|Finance|News|US
Trump backs off earlier claims that he should directly control interest rates
Trump backs off earlier claims that he should directly control interest rates
August 20, 2024
Business|Economy|Finance|News|US
Fed officials uneasy about job market as they get ready for Jackson Hole
Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S.
August 20, 2024
Business|Economy|Finance|Stock Markets|US
Wall St ends lower ahead of Jackson Hole, snapping multi-session rally
U.S. stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium,
August 20, 2024
Business|Europe|Finance|Stock Markets|US
Anticipation builds for Powell blessing on rates
A look at the day ahead in European and global markets from Rae Wee There's a lot hinging on Federal Reserve Chair Jerome Powell's speech at the end of this week but, until then, stocks look set for a
August 20, 2024
Business|Economy|Finance|Stock Markets|US
Stock market today: Wall Street slips and breaks an 8-day winning streak
U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year
August 20, 2024
Business|Economy|Finance
Gold extends record rally on dollar weakness, rate-cut bets
Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the
August 20, 2024
Business|Economy|Finance|News|US
Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation
August 20, 2024
Business|Economy|Finance|News|Stock Markets|US
Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut
The dollar hit a fresh seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell due on Friday, which could provide clues about the speed of the
August 20, 2024
US
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
The U.S.
August 19, 2024
Business|Economy|Finance|News|US
Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports
Minneapolis Fed President Neel Kashkari said it was appropriate to discuss potentially cutting U.S. interest rates in September because of the rising possibility of a weakening labor market
August 19, 2024
Business|Economy|Finance|US
Greenback in the red as Jackson Hole looms
A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed's Jackson Hole
August 19, 2024
Business|Economy|Finance|US
Fed's pandemic-era vow to prioritize employment may soon be tested
Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of
August 19, 2024
Business|Finance|News|Stock Markets|US
Wall St ends higher, extending rally ahead of Jackson Hole
U.S. stocks advanced on Monday, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the
August 19, 2024
Business|Economy|Finance|Stock Markets
Gulf bourses end mixed on US rate-cut hopes, weak oil demand
Stock markets in the Gulf ended mixed on Monday on rising expectations of a U.S. interest rate cut next month, and amid weak oil demand.
August 19, 2024
Business|Finance|Stock Markets
FTSE 100 ends higher on miners boost, rates optimism
London stocks ended higher on Monday, boosted by a rise in metal mining shares as prices of most base and precious metals advanced, while homebuilder
August 19, 2024
Economy|Finance|News|US
Goldman Sachs lowers odds of US recession to 20% from 25%
Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25% following the latest weekly jobless claims and retail sales reports.
August 19, 2024
Business|Europe|Finance
The softest of soft landings
A look at the day ahead in European and global markets from Wayne Cole.
August 19, 2024
Business|Economy|Finance|US
Dollar hits 7-month low, yen gains as traders wait on Jackson Hole
The dollar fell to a seven-month low and the Japanese yen hit a more than one-week high as traders awaited comments from Federal Reserve Chair Jerome Powell this
August 19, 2024
Business|Economy|Finance|News|US
Fed's Daly says it is time to consider adjusting borrowing costs, FT reports
San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Financial
August 18, 2024
Business|Economy|Finance|Stock Markets|US
Short bets in five-year Treasury futures largest on record -CFTC data
Speculators raised their net short bets on five-year Treasuries to the largest on record in the latest week, while bearish bets on 10-year Treasury futures were the largest since January,
August 16, 2024
Business|Economy|Finance|Stock Markets|US
Stock market today: Wall Street closes its best week of the year with some more gains
U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November
August 16, 2024
Business|Economy|Finance|Stock Markets
World stocks extend week-long rebound after slew of US data
Global shares pushed higher on Friday, adding to weekly gains, after encouraging U.S. economic data helped soothe fears of a recession in the
August 16, 2024
Business|Economy|Finance|Stock Markets|US
Dollar softens, yen set for weekly fall as US recession worries fade
The dollar fell against the yen on Friday, and was softer against other peers as traders took profits and investors sifted through economic data to gauge the
August 15, 2024
Business|Economy|News
NEW REPORTS CAN HELP YOU DECIDE ON BUYING A HOUSE (4aET)
Pivotal new stats suggest a turnaround for homebuyers might be here at last, analysts say.
August 15, 2024
Business|Economy|Finance
Homeowners are rushing to refinance their mortgages after rates finally dropped
Homeowners are rushing to refinance their mortgages after rates finally dropped
August 15, 2024
Business|Economy|News|US
Sales at stores are suddenly surging in the US economy’s latest show of strength
Sales at stores are suddenly surging in the US economy’s latest show of strength
August 15, 2024
Business|Economy|News|US
Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report
Sales at US retailers unexpectedly surged in July, the Commerce Department reports, rising by 1% from the prior month, up from June’s downwardly revised 0.2% decline.
August 15, 2024
Business|Economy|Europe|Finance|Stock Markets
Data tests loom for Fed, BoE
A look at the day ahead in European and global markets from Kevin Buckland This week, and this month, are once again showing that data is king, with investors parsing recent economic releases for
August 15, 2024
Business|Economy|Finance|News|US
Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Wall Street rallied close to its record heights after data showed the U.S. economy is holding up better than expected
August 15, 2024
Business|News
Great expectations - inflation fears subside :Mike Dolan
And just like that... it was gone.
August 14, 2024
Business|Economy|Finance|News|US
Stock market today: Wall Street ticks higher after inflation data clears the way for cuts to rates
Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected
August 14, 2024
Economy|Finance|News|US
Fed's Bostic says a 'little more data' needed to support cutting rates
Atlanta Federal Reserve President Raphael Bostic on Tuesday said recent economic data has made him "more confident" the U.S. central bank can get inflation back to its 2% target, but he
August 13, 2024
Business|Economy|Finance|US
US producer inflation slows as pricing power diminishes
U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing
August 13, 2024
Economy|Finance|US
US wholesale inflation cooled in July in sign that price pressures are continuing to ease
Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month
August 13, 2024
Business|Economy|Finance|News|Stock Markets|US
Market lull as PPI eyed, Nikkei returns to base
A look at the day ahead in U.S. and global markets from Mike Dolan Much like Wall Street's rapid healing on Friday, Japanese stocks completed their week-long, hair-raising round trip on Tuesday as
August 13, 2024
Economy|Finance|Political
Vance backs Trump's support for a presidential 'say' on Federal Reserve's interest rate policy
JD Vance has endorsed former President Donald Trump’s call for the White House to have “a say” over the Federal Reserve’s interest rate policies — a view that runs counter to decades of economic research suggesting that politically independent central banks are essential to controlling inflation and maintaining confidence in the global financial system
August 12, 2024
Economy|Finance|Health|US
Shrinking cash cushions may pinch US consumer spending, SF Fed report says
Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to have before the disruptions of the COVID-19
August 12, 2024
Economy|Finance|US
US consumer medium-term inflation expectations drop
U.S. consumers' medium-term inflation expectations eased substantially in July even as their near- and longer-term outlooks for price pressures held steady, although households are
August 12, 2024
Economy|News|US
Harris believes Fed should make decisions independent of the president, CNBC reports
U.S. Vice President Kamala Harris believes the Federal Reserve should make decisions independent of the president, CNBC reported on Friday, citing a Harris aide.
August 09, 2024
Business|Economy|Finance|US
Trump says he ‘made a lot of money’ so he should have a say in when you get a rate cut
Trump says he ‘made a lot of money’ so he should have a say in when you get a rate cut
August 09, 2024
Economy|Finance|News|Stock Markets|US
Ebbing jobs fear sees calmer market waters
A look at the day ahead in U.S. and global markets from Mike Dolan The first reality check on July's jarring U.S. employment report suggests rising recession fears were overstated, allowing stocks to
August 09, 2024
Economy|Finance|Stock Markets|US
Wall Street ends a wild and scary week almost exactly where it began. More tests loom next week
U.S. stocks closed a wild, whipsaw week for Wall Street with modest gains
August 09, 2024
Economy|Finance|News|US
Fed's Schmid says he's more confident inflation heading to 2% goal
Kansas City Federal Reserve Bank President Jeff Schmid, one of the U.S. central bank's more hawkish policymakers, said on Thursday that recent "encouraging" data gives him more confidence
August 08, 2024
Business|Economy|Finance|US
Fed policymakers signal rate cuts ahead, but not because of market rout
Federal Reserve policymakers are increasingly confident that inflation is cooling enough to allow interest-rate cuts ahead, and they will take their cues on the size and
August 08, 2024
Business|Economy|Finance|News
Mortgage rates plunge to lowest level in more than a year
Mortgage rates plunge to lowest level in more than a year
August 08, 2024
Business|Economy|News|US
US weekly jobless claims fall more than expected in latest week
The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting fears the labor market is unraveling were overblown and the gradual
August 08, 2024
Business|Economy|Finance|Stock Markets|US
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its
August 08, 2024