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Today: January 13, 2025
Today: January 13, 2025

Federal Reserve

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

Fed unveils oversized rate cut as it gains 'greater confidence' about inflation
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

Traders still guessing in final Fed countdown
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

Federal Reserve signals end to inflation fight with a sizable half-point rate cut
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.

Wall Street droops, dollar edges back after bumper Fed cut
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

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
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

Oil prices fall as Fed rate cut stirs economic worries, storage report mixed
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

Dollar gains ground after Fed delivers bumper 50 basis point rate cut
Asia|Business|Economy|Finance

Fed's close call - the waiting is almost over

A look at the day ahead in Asian markets.

Fed's close call - the waiting is almost over
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?

So we’re expecting a rate cut. When will we start to see a difference in the economy?
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,

Sahm rule creator sees 50-bps Fed rate cut on labor market worries
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

Fed to go big on first rate cut, traders bet
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

America’s economic engine is still revving, despite fears of a slowdown
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

US retail sales ticked up last month in sign of ongoing consumer resilience
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

US economy on solid ground as retail sales surprise on the upside
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

Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
Business|Economy|Finance|US

Elizabeth Warren calls for emergency-like Fed rate cut ASAP

Elizabeth Warren calls for emergency-like Fed rate cut ASAP

Elizabeth Warren calls for emergency-like Fed rate cut ASAP
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

S&P 500 ends little changed as early gains fade before Fed decision
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

New highs, rotation as Fed meets with retail healthcheck
Uncategorized

Fed rate cut uncertainties rattle balance sheet outlook

By Michael S.

Fed rate cut uncertainties rattle balance sheet outlook
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

Bond investors debate recession risks with Fed easing finally at hand
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.

Rate-cut fever boosts investor sentiment in September, BofA survey shows
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

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
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

Stocks end nearly flat, dollar firms before Fed rate decision
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

US dollar strengthens ahead of expected Fed rate cut
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

As Fed cuts loom, health of US economy could determine markets' path
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

Fed rate cuts will not be as deep as the market expects, says BlackRock
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

White House's Brainard says US inflation at turning point, focus should shift to jobs
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.

Column-Record US household wealth may increase chance of soft landing: McGeever
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-

US interest rate futures see higher odds of super-sized Fed move
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

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet
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

Fed hits easing week, China economy weak
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.

Asian bonds attract massive inflows in August on Fed easing hopes
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.

Why Fed rate cuts matter to world markets
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

Tech stocks drag, dollar plumbs lows on rate cut expectations
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

US dollar hits more than one-year low versus yen as market eyes aggressive Fed rate cut
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

Stock futures, dollar steady after FBI says it is investigating another assassination attempt on Trump
Asia|Business|Economy|Finance|News

China gloom vs Wall St vroom

A look at the day ahead in Asian markets.

China gloom vs Wall St vroom
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

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
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

The Fed keeps brushing off concerns about another Trump presidency. Closed-door meetings from his first term show otherwise
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

Size, speed of rate moves in focus as Fed poised to start cuts
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

Goldman Sachs still sees 25 basis point Fed cut next week
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

Fed seen nearly as likely to cut rates by 50 bps as 25 bps
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

US consumer sentiment ticks higher for second month but remains subdued
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

US consumer sentiment climbs to four-month high; import prices drop
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,

Wall Street advances as traders' bets rise for bigger Fed rate cut
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.

Fed, ready, steady, cut
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

Stock market today: Wall Street’s best week of 2024 closes with indexes near their records
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.

Strong case for 50 bp Fed cut, says former NY Fed chief Dudley
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

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
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

Prospect of steeper Fed cuts boosts stocks, drives record gold prices
Business|Economy|Finance|News

Mortgage rates fall to lowest level since February 2023

Mortgage rates fall to lowest level since February 2023

Mortgage rates fall to lowest level since February 2023
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.

IMF supports imminent start of US Fed easing cycle as inflation, economy slow
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.

Fed (finally) joins a global rate-cutting cycle
Business|Economy|News

Wholesale inflation slowed again last month

Wholesale inflation slowed again last month

Wholesale inflation slowed again last month
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

US filings for unemployment benefits inch up slightly but remain historically low
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

Wall Street indexes close up; data keeps smaller Fed rate cut in view
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.

The first cut isn't always the deepest
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

Stock market today: Wall Street climbs closer to its record high
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

Tech stocks cue rally while ECB looms
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.

Wall Street ends higher, gold hits record ahead of rate cuts
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

Fed official broke ethics rules but didn't violate insider trading laws, probe finds
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.

Atlanta Fed's Bostic violated trading rules, US central bank watchdog says
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

Wild comeback: Dow bounce erases 700-point one-day dip
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.

How regulators have overhauled contentious Basel Endgame capital hike rule
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.

Does central bank independence really exist?: McGeever
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.

Consumer inflation drops ahead of the Fed meeting
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

Fed expected to deliver quarter-percentage-point rate cut next week
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

US inflation trending lower, but some stickiness remains
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.

'Blunt' interest rates pose questions about Fed easing :Mike Dolan
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

Stock market today: Wall Street storms back from an early slide thanks to Nvidia and Big Tech
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

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
Asia|Business|Economy|Finance

Disinflation dynamics deepen

A look at the day ahead in Asian markets.

Disinflation dynamics deepen
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

Instant view: Fed's Barr unveils sweeping bank capital plan revisions after pushback, delays
Economy|Finance|US

Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024

The Federal Reserve will lower

Fed to cut rates by 25 basis points on Sept. 18, twice more in 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

Fed's Barr unveils sweeping bank capital plan changes after pushback, delays
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.

US election is just one risk among many for nervous stock market
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

Citi CFO expects investment banking fees to rise 20% in third quarter
Uncategorized

NY Fed report finds mostly stable inflation expectations in August

By Michael S.

NY Fed report finds mostly stable inflation expectations in August
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

US inflation may soon undershoot Fed's 2% target: McGeever
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

Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
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 -

Post-payrolls foothold, new iPhones and debate
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

Stock market today: Wall Street rallies to claw back some of last week's sharp loss
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

US dollar perks up as traders reduce bets on larger Fed rate cut
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.

US to propose Basel rule revisions this month, Bloomberg reports
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

Economic worries back on Wall Street's radar after jobs data
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

Traders see Fed starting with 25 bps cut in Sept
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

Fed's Waller says it's time to lower rates, open to larger cuts
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

Instant view: August US payrolls short of expectations, boosts bigger rate cut view
Uncategorized

Fed's Williams says time has arrived to start rate cuts

By Michael S.

Fed's Williams says time has arrived to start rate cuts
News

Fed policymakers say they are ready to start cutting interest rates

By Ann Saphir, Lindsay Dunsmuir and Michael S.

Fed policymakers say they are ready to start cutting interest rates
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

Wall Street stocks fall, big weekly drop as market waits for Fed to move
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

Payrolls, Williams and Waller - a big decider
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

Investor dash to cash continues ahead of Fed rate cut, BofA says
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

FTSE 100 clocks weekly decline; personal goods shares biggest drag
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

European shares have worst day in a month as investors digest mixed US data
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.

All about them payrolls
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

How Wall Street firms see US jobless rate shaping Fed rate cut
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

Stock market today: Wall Street falls sharply to close its worst week in nearly 18 months
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.

Global stock index, Treasury yields fall after mixed US jobs report
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

Dollar rises after August US payrolls report paints mixed picture
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

Fed seeks feedback on emergency lending operations
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

Why investors are on edge ahead of Friday’s jobs report
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.

US service sector steady in August; employment cooling
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

Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels
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

Stocks calmed as action switches to rates, jobs
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

Bears circle weakening dollar as Fed rate cuts loom
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.

US economy is slowing, but still has momentum, former official says
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

Fed's Daly says rate cuts needed to keep labor market healthy
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,

Dollar eases ahead of US payrolls test
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,

Dollar weakness to stall as markets over-egg Fed rate cuts: Reuters poll
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

US firms see weaker employment growth as economy slows, Fed survey shows
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.

Philadelphia Fed says it is looking for Harker successor
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-

Fed rate-cut size this month to hinge on job market health
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

US job openings fall to 3-1/2-year low in July
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

US job openings fall as demand for workers weakens
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

Wall Street ends slightly down after weak labor market data, dovish Fed comments
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

Stocks in seasonal sneeze as factories flunk
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

Dow falls by more than 600 points as September turns ugly
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

US corporate borrowers rush to bond market post-Labor Day
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

Wall Street drops on September worries, upcoming data
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.

Fed policymakers agree on need for rate cuts, but their reasons vary
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.

ISM kicks off the dollar's big week
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

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600
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

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering
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

Dollar eases after hitting highest in two weeks, US job data looms
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

U.S. stock rally broadens as investors await Fed
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

US bond funds see sharp inflows amid bets of rate cut
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

Latest inflation data gives a ‘bright green light’ for a rate cut
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.

Instant view: No surprises from US PCE inflation to alter Fed easing path
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

Fed seen poised for September rate cut as inflation cools
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-

Solid US consumer spending pushes against hopes for hefty Fed rate cut
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

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
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

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
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

US economy displays resilience with low layoffs, solid second-quarter growth
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

US economic growth for last quarter is revised up to a solid 3% annual rate
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%.

Nvidia 'beats' as expected, but fallout limited
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"

Fed's Bostic: it is 'time to move' on rate cuts, but wants to be sure
News|US

US Fed sets large bank capital levels after stress tests, eases on Goldman's level

The U.S.

US Fed sets large bank capital levels after stress tests, eases on Goldman's level
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

US 30-year mortgage rate falls to lowest since April 2023
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.

As Nvidia awaited, Treasuries absorb new deluge
News|US|World

US Treasury plays cat and mouse with debt sales :Mike Dolan

The U.S.

US Treasury plays cat and mouse with debt sales :Mike Dolan
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

Gold falls on firmer dollar as US data takes spotlight
Uncategorized

Chicago and NY Fed directors favored discount rate cut in July

By Michael S.

Chicago and NY Fed directors favored discount rate cut in July
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

US consumer confidence scales six-month high, labor market angst rises
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

US consumer confidence rises in August as Americans' optimism about future improves
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

Unemployment rate is now Fed's undisputed lodestar: McGeever
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

UBS Wealth Management raises odds of U.S. recession to 25% from 20%
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

Pre-Nvidia hesitation obscures record high
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

Fed most likely to cut rates by quarter percentage point next month, Daly says
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

US business spending on equipment shows signs of cooling in July
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

S&P 500 ends lower, weighed down by Nvidia dip
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

With Fed's shift to job market risks done, policy now has to catch up
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”

As US rate cuts near, economic 'soft-landing' odds could dictate stock performance
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

Darkening global outlook, central bank pivots signal more turbulence
Business|Economy|News|US

BOJ shows how action matters more than hawkish signs

For academics and policymakers gathered at the U.S.

BOJ shows how action matters more than hawkish signs
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

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back
Uncategorized

Fed mortgage bond holdings play 'central' policy rule, paper says

By Michael S.

Fed mortgage bond holdings play 'central' policy rule, paper says
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

Fed's actions spoke louder than words in inflation fight, research shows
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.

IMF's Gourinchas says right for US to cut rates though inflation risk not gone
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

Powell's Fed not shy about election-year cuts, ready to defend job market
News|US

Fed's dovish shift a mixed blessing for BOJ rate hike plan

The U.S.

Fed's dovish shift a mixed blessing for BOJ rate hike plan
Uncategorized

Fed's Goolsbee: Current rate policy too tight for economy

By Michael S.

Fed's Goolsbee: Current rate policy too tight for economy
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

Takeaways from Fed Chair Powell's speech at Jackson Hole
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

Powell just suggested interest rate cuts are coming. What everyone wants to know now
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

‘The time has come’: The Fed just sent a crucial message about its next move
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

How to prepare for the Fed's forthcoming interest rate cuts
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

Powell green lights September rate cut
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

US job market may be near tipping point, research shows
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

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming
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.

See Powell's important announcement about inflation and the economy
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

Sterling climbs to highest since March 2022 against dollar
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

Key quotes from Powell's speech at Fed's Jackson Hole conference
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

TSX hits record high as Fed chief signs off on rate cuts
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

US equity funds draw large inflows on rate cut bets, easing growth concerns
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

Dollar stuck in a Hole as Powell speaks
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.

South African rand jumps as Fed's Powell signals lower rates
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

European shares end higher as Fed Chair Powell backs September rate cuts
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.    

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
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

Fed's Powell, in policy shift, says 'time has come' to cut rates
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.

Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
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

Dollar falls after Powell greenlights September easing
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.

Oil climbs over 2% after Fed's Powell indicates US rate cuts
Asia|Business|Finance|News

Dollar strikes back, Japan in spotlight

A look at the day ahead in Asian markets.

Dollar strikes back, Japan in spotlight
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

Fed has 'clear path' to achieving goals without recession, Collins says
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.    

Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
Economy|Finance|News

Fed policymakers flag rate cuts as job market cools

By Ann Saphir and Michael S.

Fed policymakers flag rate cuts as job market cools
Uncategorized

Fed's Harker is ready to start methodical course of rate cuts

By Michael S.

Fed's Harker is ready to start methodical course of rate cuts
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

Fed's Collins: will soon be appropriate to cut interest rates
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

Fed's Schmid signals open mind on September rate cut
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

What to look for at Fed's Jackson Hole symposium
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

Wall St ends lower as tech shares weigh; Jackson Hole in focus
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

Stock market today: Wall Street weakens ahead of a highly anticipated speech
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.

Stocks decline and dollar rebounds as Fed readies rate cuts
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

Dollar rebounds against euro before Powell speech
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

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool
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

Government: US economy added 818,000 fewer jobs than first reported in year that ended in March
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

US job growth in year through March was far lower than estimated
Uncategorized

Fed steaming toward September rate cut, minutes from meeting show

By Michael S.

Fed steaming toward September rate cut, minutes from meeting show
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

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
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

London's FTSE 100 inches up ahead of Fed meeting minutes
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

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
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

Fed's Bowman still cautious about changing policy stance
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

Trump backs off earlier claims that he should directly control interest rates
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.

Fed officials uneasy about job market as they get ready for Jackson Hole
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,

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally
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

Anticipation builds for Powell blessing on rates
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

Stock market today: Wall Street slips and breaks an 8-day winning streak
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

Gold extends record rally on dollar weakness, rate-cut bets
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

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
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

Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut
US

Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll

The U.S.

Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
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

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports
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

Greenback in the red as Jackson Hole looms
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

Fed's pandemic-era vow to prioritize employment may soon be tested
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

Wall St ends higher, extending rally ahead of Jackson Hole
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.

Gulf bourses end mixed on US rate-cut hopes, weak oil demand
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

FTSE 100 ends higher on miners boost, rates optimism
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.

Goldman Sachs lowers odds of US recession to 20% from 25%
Business|Europe|Finance

The softest of soft landings

A look at the day ahead in European and global markets from Wayne Cole.

The softest of soft landings
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

Dollar hits 7-month low, yen gains as traders wait on Jackson Hole
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

Fed's Daly says it is time to consider adjusting borrowing costs, FT reports
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,

Short bets in five-year Treasury futures largest on record -CFTC data
News|US

Yields slip back as markets digest upbeat economic data

U.S.

Yields slip back as markets digest upbeat economic data
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

Stock market today: Wall Street closes its best week of the year with some more gains
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

World stocks extend week-long rebound after slew of US data
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

Dollar softens, yen set for weekly fall as US recession worries fade
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.

NEW REPORTS CAN HELP YOU DECIDE ON BUYING A HOUSE (4aET)
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

Homeowners are rushing to refinance their mortgages after rates finally dropped
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

Sales at stores are suddenly surging in the US economy’s latest show of strength
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.

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report
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

Data tests loom for Fed, BoE
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

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Business|News

Great expectations - inflation fears subside :Mike Dolan

And just like that... it was gone.

Great expectations - inflation fears subside :Mike Dolan
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

Stock market today: Wall Street ticks higher after inflation data clears the way for cuts to rates
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

Fed's Bostic says a 'little more data' needed to support cutting rates
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

US producer inflation slows as pricing power diminishes
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

US wholesale inflation cooled in July in sign that price pressures are continuing to ease
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

Market lull as PPI eyed, Nikkei returns to base
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

Vance backs Trump's support for a presidential 'say' on Federal Reserve's interest rate policy
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

Shrinking cash cushions may pinch US consumer spending, SF Fed report says
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

US consumer medium-term inflation expectations drop
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.

Harris believes Fed should make decisions independent of the president, CNBC reports
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

Trump says he ‘made a lot of money’ so he should have a say in when you get a rate cut
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

Ebbing jobs fear sees calmer market waters
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

Wall Street ends a wild and scary week almost exactly where it began. More tests loom next week
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

Fed's Schmid says he's more confident inflation heading to 2% goal
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

Fed policymakers signal rate cuts ahead, but not because of market rout
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

Mortgage rates plunge to lowest level in more than a year
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

US weekly jobless claims fall more than expected in latest week
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

The Fed has cut rates amid stock swoons before. Not this time
News|Uncategorized|US

Yields rise after weak 10-year auction, heavy corporate supply

U.S.

Yields rise after weak 10-year auction, heavy corporate supply
Economy|Finance|US

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals

The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals
Business|Finance|Stock Markets|US

BOJ eases market migraine, Super Micro aches

A look at the day ahead in U.S. and global markets from Mike Dolan In an extraordinary round trip over the past week, world markets have rebounded sharply from days of turbulence - thanks in part to

BOJ eases market migraine, Super Micro aches
Economy|Finance|News|US

Fed's not yet 'behind the curve' :Mike Dolan

The Federal Reserve may be a bit late cutting interest rates, but it's not yet behind the curve in forestalling a U.S. recession.

Fed's not yet 'behind the curve' :Mike Dolan
Economy|Finance|US

PIMCO's Ivascyn says US likely to avoid recession but warns of dire fiscal picture

The U.S. economy is still on track for a soft landing despite signs of further weakening, but the country's deteriorating fiscal profile is prompting U.S. bond

PIMCO's Ivascyn says US likely to avoid recession but warns of dire fiscal picture
Business|Finance|Stock Markets|US

Sleepy utilities sector shines as haven from US stock turbulence

Shares of utilities companies are presenting investors with a rare bright spot in the U.S. stock selloff, as turbulent markets prompt a shift away from the high

Sleepy utilities sector shines as haven from US stock turbulence
Economy|Finance|US

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll

The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll
Business|Economy|Finance|News|Stock Markets|US|World

Rollercoaster markets, Nikkei rebounds 10%

A look at the day ahead in U.S. and global markets from Mike Dolan The speed and scale of Tuesday's 10% Tokyo bounce after its worst day in 37 years suggests the wild global market swings of the past

Rollercoaster markets, Nikkei rebounds 10%
Economy|News|US

US recession worries surge again. What is in the data?

An unexpectedly weak U.S. employment report, featuring a post-pandemic high in the jobless rate, has rekindled worries a recession may be in the offing that

US recession worries surge again. What is in the data?
Business|Economy|Finance|News|US

Fed's reverse repo drops to lowest in over 3 years

The New York Federal Reserve said it accepted $316.246 billion submitted to its overnight reverse repo facility on Monday, the lowest

Fed's reverse repo drops to lowest in over 3 years
Business|Economy|Finance|News|US

Fed's Daly: more confident inflation is on path to 2%

San Francisco Federal Reserve Bank President Mary Daly on Monday said she is "more confident" U.S. inflation is headed toward the Fed's 2% goal. 

Fed's Daly: more confident inflation is on path to 2%
News|US

US bond rally overdone but Fed should have cut rates in July, BlackRock manager says

A recent U.S.

US bond rally overdone but Fed should have cut rates in July, BlackRock manager says
Business|Economy|Finance|US

US bond yield drop suggests lower mortgage rates may be coming

The financial market upheaval of the last several days may soon offer a silver lining to millions of U.S. households: Mortgage rates look set to fall further,

US bond yield drop suggests lower mortgage rates may be coming
Business|Economy|Finance|News|US

Federal Reserve issues 'living will' guidance for large US banks

The Federal Reserve issued new guidance on Monday for larger U.S. banks detailing how they should develop "living wills" detailing how they can be safely dissolved.

Federal Reserve issues 'living will' guidance for large US banks
Business|Economy|News|US

Attention, jittery investors: Stop panicking … this is what a soft landing should look like

Slowing job growth should come as no surprise.

Attention, jittery investors: Stop panicking … this is what a soft landing should look like
Business|Finance|News|Stock Markets

Financial markets around the world stabilize after recent rout. Here's what to know

Markets on Wall Street and in Asia are stabilizing Tuesday following a mini-panic caused by an assortment of factors that stretched from late last week through Monday

Financial markets around the world stabilize after recent rout. Here's what to know
Business|Economy|Finance|News|Stock Markets|US

Why the stock market is freaking out, but you shouldn’t

After a weaker-than-expected jobs report in July, markets have taken a tumble. CNN's Rahel Soloman explains why stocks are plunging and what you should do with your portfolio.

Why the stock market is freaking out, but you shouldn’t
Business|Economy|Finance|US

Hopes for gradual Fed rate cuts were always misplaced: McGeever

"Up the escalator, down the elevator shaft" is a well-worn FX market maxim describing the dollar's typical moves against the yen.

Hopes for gradual Fed rate cuts were always misplaced: McGeever
Business|Economy|Finance|Stock Markets|US

Fed policymakers signal rate cuts ahead, but not recession

U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary

Fed policymakers signal rate cuts ahead, but not recession
Economy|Finance|News|US

Key US bond yield curve turns positive on recession fears

A closely watched part of the U.S.

Key US bond yield curve turns positive on recession fears
News|US

Yields rebound, curve inverts again after brief positive shift

U.S.

Yields rebound, curve inverts again after brief positive shift
Business|Economy|Finance

Dollar down as US rate cut bets rise, yen surges

A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic

Dollar down as US rate cut bets rise, yen surges
Business|Economy|Finance|US

Elon Musk says Fed foolish not to have cut interest rates

Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already.

Elon Musk says Fed foolish not to have cut interest rates
Business|Economy|News|Opinion|US

3 reasons to worry about July’s weak jobs report — and 1 reason not to panic

3 reasons to worry about July’s weak jobs report — and 1 reason not to panic

3 reasons to worry about July’s weak jobs report — and 1 reason not to panic
Uncategorized

Fed's Barkin tells PBS program he won't prejudge what to do at next meeting

By Michael S.

Fed's Barkin tells PBS program he won't prejudge what to do at next meeting
Business|Economy|Finance|News|Stock Markets|US

Wall Street sees bigger 2024 Fed easing after soft jobs report

A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change

Wall Street sees bigger 2024 Fed easing after soft jobs report
Business|Economy|Finance|US

US recession scare fuels searing rally in bonds, yield curve flip in view

A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors

US recession scare fuels searing rally in bonds, yield curve flip in view
Business|Economy|Finance|News|US

Four reasons to take a breath after the U.S. jobs report

The disappointing U.S. employment report for July unleashed a "Freakout Friday" moment in financial markets and triggered a wholesale resetting of expectations for how much

Four reasons to take a breath after the U.S. jobs report
Business|Economy|Finance|News|Stock Markets|US

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong
Business|Economy|Finance|US

Fed's Goolsbee: don't want to 'blow through' full employment

Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will

Fed's Goolsbee: don't want to 'blow through' full employment
Business|Economy|Finance|Stock Markets|Technology|US

Tech-heavy Nasdaq in correction as equity selloff deepens

Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below

Tech-heavy Nasdaq in correction as equity selloff deepens
Economy|Finance|US

US equity fund inflows continued in week to July 31 amid rate cut hopes

Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an

US equity fund inflows continued in week to July 31 amid rate cut hopes
Business|Economy|Finance|News|US

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease

U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making

Instant View: Soft July US payrolls number raises bets on 50 bp Sept ease
Business|Economy|Finance|Stock Markets|US

Fed seen cutting rates by half a point in Sept, after weak jobs data

Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far

Fed seen cutting rates by half a point in Sept, after weak jobs data
Business|Economy|Finance|News|US

Fed rate cuts loom large as US job market slows sharply

U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady, after a government report on Friday showed the job

Fed rate cuts loom large as US job market slows sharply
Business|Economy|Finance|News|US

Flaring economic worries threaten US stocks rally

Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S.

Flaring economic worries threaten US stocks rally
Economy|Finance|US

Dollar hits four-month low as weak US jobs data boosts rate cut bets

The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will

Dollar hits four-month low as weak US jobs data boosts rate cut bets
Business|Finance|Stock Markets

Wall Street slides after weak data kills early rally

The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred

Wall Street slides after weak data kills early rally
Business|Economy|Finance|News|Stock Markets|US

US 30-year mortgage slides to lowest since February, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to signs of

US 30-year mortgage slides to lowest since February, Freddie Mac says
Business|Economy|News|Stock Markets|US

Dow closes nearly 500 points lower as investors fear the US economy is faltering

Dow closes nearly 500 points lower as investors fear the US economy is faltering

Dow closes nearly 500 points lower as investors fear the US economy is faltering
Economy|Finance|Stock Markets|US

U.S. Treasury futures in unchartered waters as Fed cuts loom: McGeever

As the first U.S. interest rate cut in this cycle draws closer, long and short positions in the Treasury futures market, and overnight repo lending

U.S. Treasury futures in unchartered waters as Fed cuts loom: McGeever
Business|Economy|Finance|News|US

US construction spending extends decline in June

U.S. construction spending unexpectedly fell in June and the prior month's data was revised lower as higher mortgage rates weighed on single-family homebuilding.

US construction spending extends decline in June
Business|Economy|Finance|News|US

The Fed is about to do something it hasn’t done since the pandemic

The Fed is about to do something it hasn’t done since the pandemic

The Fed is about to do something it hasn’t done since the pandemic
Business|Economy|Finance|News|Stock Markets|US

Stocks slump in August kick-off as data reignites slowdown worries

U.S. stocks kicked off August sharply lower after a round of economic data on Thursday spurred concerns the economy may be slowing faster than anticipated

Stocks slump in August kick-off as data reignites slowdown worries
Business|Economy|Finance|Stock Markets|US

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points
Business|Economy|Finance|Stock Markets|US

As rate cuts near, investors assess whether Fed can stick the 'soft landing'

As U.S. rate cuts come into view, investors are confronting a new challenge: figuring out whether the Federal Reserve will be able to ease

As rate cuts near, investors assess whether Fed can stick the 'soft landing'
Economy|Finance|News|US|World

Dollar gains on geopolitical tensions, pound slips after rate cut

The dollar gained on Thursday as rising geopolitical tensions drove a safe-haven boost, while the British pound fell after the Bank of England cut interest rates

Dollar gains on geopolitical tensions, pound slips after rate cut
Asia|Finance

Extraordinary rally rips through all markets

A look at the day ahead in Asian markets. 

Extraordinary rally rips through all markets
Business|Economy|Finance|US

Fed's Powell: Recent price data bolstering confidence inflation moderating

Federal Reserve Chair Jerome Powell said recent inflation data is increasing the central bank's confidence that inflation pressures are moving back to the 2% target.

Fed's Powell: Recent price data bolstering confidence inflation moderating
Business|Economy|Finance|US

Instant view: FOMC does not change rates, but sets stage for September cut

The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line

Instant view: FOMC does not change rates, but sets stage for September cut
Business|Economy|Finance|News|Stock Markets|US

Traders boost bets Fed goes big on Sept rate cut

Traders on Wednesday added to bets the Federal Reserve will start easing in September and go big when it does, even after Fed Chair Jerome Powell said policymakers are not thinking about a

Traders boost bets Fed goes big on Sept rate cut
Business|Economy|Finance|US

Fitch Ratings forecasts two US interest-rate cuts in 2024

Fitch Ratings said on Wednesday it expects the U.S. Federal Reserve to cut interest rates twice this year - in September and December.

Fitch Ratings forecasts two US interest-rate cuts in 2024
Business|Economy|Finance|News|US

Paychecks grew more slowly this spring, a sign inflation may keep cooling

Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve

Paychecks grew more slowly this spring, a sign inflation may keep cooling
Business|Economy|Finance|News|Stock Markets|US

Gold climbs over 1% after Fed's Powell hints at early rate cut

Gold prices extended gains on Wednesday after Federal Reserve Chair Jerome Powell hinted that an interest rate cut could be on the table as

Gold climbs over 1% after Fed's Powell hints at early rate cut
Business|Finance|Stock Markets|US

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals

The S&P 500 and Nasdaq scored their biggest daily percentage gains since Feb. 22 and the Dow rose on Wednesday as chip stocks rallied and the Federal Reserve kept

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals
Business|Economy|Finance|Stock Markets|US

BOJ hikes with Fed ahead, Big Tech flubs

A look at the day ahead in U.S. and global markets from Mike Dolan By any standards of an already busy year, markets are digesting an awful lot of information in a very short space of time - with a

BOJ hikes with Fed ahead, Big Tech flubs
Business|Economy|Finance|US

Tougher US credit conditions may help pave Fed's rate-cut path

Benign inflation data and a cooling job market aside, U.S. credit conditions featuring tepid loan demand and stiff terms may also be bolstering confidence among Federal

Tougher US credit conditions may help pave Fed's rate-cut path
Business|Economy|Finance|News|US

Fed's Powell puts September rate cut on table as US inflation cools

Federal Reserve Chair Jerome Powell said on Wednesday interest rates could be cut as soon as September if the U.S. economy follows its expected

Fed's Powell puts September rate cut on table as US inflation cools
Business|Economy|Europe|Finance|News|Stock Markets

BOJ hikes, Fed next

A look at the day ahead in European and global markets from Ankur Banerjee Investors in Europe will wake up to a volatile yen after the BOJ raised interest rates in a long-awaited move and a growing

BOJ hikes, Fed next
Business|Finance|Stock Markets|US

Stocks rise; yields, dollar lower as Fed signals rate cut

MSCI'S global equities index registered its biggest daily gain in over five months on Wednesday and the dollar slightly pared losses after the U.S.

Stocks rise; yields, dollar lower as Fed signals rate cut
Business|Economy|Finance|News|US

Dollar falls as Fed signals likely September rate cut

The dollar added to losses on Wednesday after the Federal Reserve held interest rates steady but opened the door to reducing borrowing costs as soon as its next

Dollar falls as Fed signals likely September rate cut
Business|Economy|Finance|News|US

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Business|Finance|Stock Markets|US

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
Business|Economy|Finance|US

US job openings fall marginally, consumers less upbeat on the labor market

U.S. job openings fell modestly in June and data for the prior month was revised higher, suggesting the labor market continued to gradually slow and was not in

US job openings fall marginally, consumers less upbeat on the labor market
Business|Economy|News|US

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
Economy|Finance|US

Bond investors see 'dovish hold' from Fed, pile on yield curve steepeners

Bond investors, expecting the Federal Reserve to hold interest rates steady this week but signal that rate cuts are imminent, are betting that the U.S.

Bond investors see 'dovish hold' from Fed, pile on yield curve steepeners
Business|Finance|Stock Markets|Technology|US

Microsoft and job openings to hit pre-Fed vigil

A look at the day ahead in U.S. and global markets from Mike Dolan To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week's market shakeout,

Microsoft and job openings to hit pre-Fed vigil
Business|Economy|Europe|Finance|Stock Markets

Europe's STOXX 600 gains as earnings flourish; focus on Fed decision

European shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the market, with focus squarely on the Federal

Europe's STOXX 600 gains as earnings flourish; focus on Fed decision
Asia|Business|Economy|Finance|Stock Markets|World

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate

Asian stocks are mostly higher following a decision by the Bank of Japan to raise its benchmark interest rate

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate
Business|Economy|Finance|US

Discount window reform bill introduced as Fed works on its own overhaul

Federal Reserve efforts to overhaul a key emergency lending facility historically viewed with anxiety by banks are now being joined by potential congressional action.

Discount window reform bill introduced as Fed works on its own overhaul
Business|Finance

S&P 500 barely rises as investors await key results, jobs data, Fed meeting

The S&P 500 closed barely higher after Monday's choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a

S&P 500 barely rises as investors await key results, jobs data, Fed meeting
Business|Economy|Finance|News|US

Fed likely to hold rates steady one last time as inflation fight finale unfolds

The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as

Fed likely to hold rates steady one last time as inflation fight finale unfolds
Business|Economy|Finance|US

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Business|Economy|Finance|US

US yield curve nears flip with jury out on recession signal

The longest and deepest U.S. Treasury yield curve inversion in history, a key bond market signal of an upcoming recession, could be nearing its end.

US yield curve nears flip with jury out on recession signal
Business|Europe|Finance|Stock Markets

European shares close lower in lead-up to Fed, earnings

European shares ended a touch lower on Monday as investors remained risk averse at the start of an earnings-packed week, while global risk events such

European shares close lower in lead-up to Fed, earnings
Business|Finance|Stock Markets|US

World stocks gain, US yields fall at start of jam-packed week

Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central

World stocks gain, US yields fall at start of jam-packed week
Asia|Economy|Finance|News

Hoping for calm, bracing for more volatility

A look at the day ahead in Asian markets.

Hoping for calm, bracing for more volatility
Business|Economy|Finance

Smart moves to make when the Fed starts cutting rates

Smart moves to make when the Fed starts cutting rates

Smart moves to make when the Fed starts cutting rates
Business|Economy|Finance|News|Stock Markets|US

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Business|Economy|Finance|Stock Markets

Dow closes more than 600 points higher as investors gear up for rate cuts

Dow closes more than 600 points higher as investors gear up for rate cuts

Dow closes more than 600 points higher as investors gear up for rate cuts
Business|Economy|Finance|News|US

Fed seen on track for September rate cut after good inflation data

Federal Reserve policymakers on Friday got fresh evidence of progress on inflation, fueling expectations they will use the U.S. central bank's meeting next week to signal they

Fed seen on track for September rate cut after good inflation data
Economy|Finance|News|US

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
Business|Economy|Finance|US

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|Finance|News|Stock Markets|US

Stocks try to shake it off and rotate

A look at the day ahead in U.S. and global markets from Mike Dolan The end of a hair-raising week for the stock market has left more questions than answers, with Thursday's bumper U.S. growth data

Stocks try to shake it off and rotate
Business|Finance|Technology|US

Spooked U.S. stock market faces tech earnings minefield, Fed meeting

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a

Spooked U.S. stock market faces tech earnings minefield, Fed meeting
Business|Economy|Finance|Stock Markets

Markets nervy of their own over-confidence :Mike Dolan

Often the scariest thing in markets is a rout without a trigger. People are still unsure about the precise cause of the October 1987 crash, for example.

Markets nervy of their own over-confidence :Mike Dolan
Business|Economy|Finance|News|Stock Markets|US

US inflation data lifts global stocks, lowers Treasury yields

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an

US inflation data lifts global stocks, lowers Treasury yields
Business|Economy|Finance|News|Stock Markets|US

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Economy|News|US

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels
Uncategorized

In a Trump win, economists see revived inflation and a more wary Fed

By Michael S.

In a Trump win, economists see revived inflation and a more wary Fed
Business|Economy|Finance|News

US economic growth increased last quarter to a healthy 2.8% annual rate

The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates

US economic growth increased last quarter to a healthy 2.8% annual rate
Business|Economy|Finance|News|US

Record house prices depress US home sales in June

U.S. existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates

Record house prices depress US home sales in June
Economy|Finance|News|US

Fed to cut rates twice this year, with first move in September, economists say: Reuters poll

The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach

Fed to cut rates twice this year, with first move in September, economists say: Reuters poll
Business|Economy|News

The worst may be over for homebuyers

The worst may be over for homebuyers

The worst may be over for homebuyers
Business|Economy|Finance|News|US

Fed may be on cusp of emerging from 'elevated' inflation blues

In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and

Fed may be on cusp of emerging from 'elevated' inflation blues
News|US

US Fed fines Green Dot $44 million for numerous unfair and deceptive practices

The U.S.

US Fed fines Green Dot $44 million for numerous unfair and deceptive practices
Business|Finance|US

Vanguard favors high-quality credit as US economy nears 'turning point'

Top U.S. asset manager Vanguard favors high-rated corporate debt over riskier high-yield companies' bonds as it seeks protection against the possibility a

Vanguard favors high-quality credit as US economy nears 'turning point'
Business|Economy|Finance|Stock Markets|US

Global equity funds draw fourth weekly inflow amid rate cut bets

Global equity funds attracted inflows for a fourth successive week in the seven days to July 17, spurred by expectations of a Federal Reserve rate cut after recent data showed cooling

Global equity funds draw fourth weekly inflow amid rate cut bets
Business|Economy|Finance|US

Fed faces wave of data before deciding on end-of-summer rate cut

Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said

Fed faces wave of data before deciding on end-of-summer rate cut
Economy|Finance|News|Technology

Dollar climbs for the week, cyber outage unsettles investors

The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters

Dollar climbs for the week, cyber outage unsettles investors
Uncategorized

Fed's Daly says 'not there yet' on price stability

By Michael S.

Fed's Daly says 'not there yet' on price stability
Business|Economy|Finance|News|US

Key U.S. mortgage rate drops to lowest since March, Freddie Mac says

The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing

Key U.S. mortgage rate drops to lowest since March, Freddie Mac says
Business|Economy|News|US|World

IMF says U.S. should raise taxes, wait until late 2024 to cut rates

The International Monetary Fund on Thursday said the U.S.

IMF says U.S. should raise taxes, wait until late 2024 to cut rates
Business|Economy|News|US

Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but that did not signal a material shift in

Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims
Business|Economy|Finance|News|US

More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks

U.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level

More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks
Economy|Europe|Finance

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
Business|Economy|Finance|US

Fed rate-cut hopes keep gold near record levels

Gold prices edged higher on Thursday, as expectations of a September interest rate cut from the U.S. Federal Reserve continue to gather momentum.

Fed rate-cut hopes keep gold near record levels
Business|Economy|News|US

Oil prices steady as US rate-cut hopes contend with economic slowdown signals

Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with

Oil prices steady as US rate-cut hopes contend with economic slowdown signals
Business|Economy|Finance|News|Opinion|US

Trump says he wouldn’t fire Fed Chair Jerome Powell. Don’t hold your breath

Trump says he wouldn’t fire Fed Chair Jerome Powell. Don’t hold your breath

Trump says he wouldn’t fire Fed Chair Jerome Powell. Don’t hold your breath
Business|Economy|Finance

Equifax sees Q3 revenue below estimates amid mortgage market slowdown

Consumer credit ratings firm Equifax forecast third-quarter revenue below Wall Street estimates on Wednesday as higher-for-longer interest rates continue to derail recovery in mortgage

Equifax sees Q3 revenue below estimates amid mortgage market slowdown
Business|Economy|Finance|US

US firms point to slowing activity and softer labor market, Fed survey shows

U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead as they also reported

US firms point to slowing activity and softer labor market, Fed survey shows
Business|Economy|Finance|News|US

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow

Loretta Mester, having worked in the Federal Reserve system her entire career, rose to become president of the Cleveland Fed for a decade until her retirement on June 30

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow
Uncategorized

Fed's Waller says timing of interest rate cut 'drawing closer'

By Michael S.

Fed's Waller says timing of interest rate cut 'drawing closer'
US

Top Fed officials say they are 'closer' to cutting interest rates

By Howard Schneider and Michael S.

Top Fed officials say they are 'closer' to cutting interest rates
Business|Economy|Finance|News|US

Trump says he mulls Jamie Dimon for US Treasury, won't try ousting Fed's Powell

Donald Trump will not try ousting Federal Reserve Chair Jerome Powell before the central banker's term ends and would consider JPMorgan CEO Jamie Dimon for

Trump says he mulls Jamie Dimon for US Treasury, won't try ousting Fed's Powell
Business|Economy|Finance|News|Stock Markets

Dow and S&P 500 close at record highs as investors bet on September rate cut

Dow and S&P 500 close at record highs as investors bet on September rate cut

Dow and S&P 500 close at record highs as investors bet on September rate cut
Economy|Finance|News|US

Fed's Kugler cautiously optimistic inflation headed to 2% target

Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank's 2% target, with goods,

Fed's Kugler cautiously optimistic inflation headed to 2% target
Economy|Finance|News|US

No rush for US Fed to cut rates, IMF's chief economist says

Cooling inflation data is allowing the Federal Reserve to begin a "very reasonable" shift toward easing rates, but a still-strong U.S. labor market means that

No rush for US Fed to cut rates, IMF's chief economist says
Economy|Election|Finance|News|Stock Markets|US

Powell stirs rate hopes, Trump trade cools

A look at the day ahead in U.S. and global markets from Mike Dolan After a jarring Monday that spurred a wave of U.S. election trades, world markets zeroed in Federal Reserve easing hopes, China's

Powell stirs rate hopes, Trump trade cools
Asia|Business|Finance|Stock Markets

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
Business|Economy|Finance|News|Stock Markets|US

Stocks rise, dollar flat on solid data and rate cut prospects

World stock indexes mostly rose and the U.S. dollar gained against the yen on Tuesday after solid U.S. retail sales data was taken as

Stocks rise, dollar flat on solid data and rate cut prospects
Business|Economy|Finance|US

Dollar rises on retail sales boost

The dollar rose on Tuesday, on track for a second straight daily gain, after a reading of retail sales proved to be firmer than expected, but was still soft

Dollar rises on retail sales boost
Business|Economy|Finance

Oil prices decline over 1% on Chinese demand jitters

Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though declines

Oil prices decline over 1% on Chinese demand jitters
Business|Economy|Finance|US

Confidence is growing on winning inflation fight, Fed's Daly says

San Francisco Federal Reserve Bank President Mary Daly on Monday said "confidence is growing" that inflation is heading toward the U.S. central bank's 2% goal, the bar that policymakers

Confidence is growing on winning inflation fight, Fed's Daly says
Economy|Finance|News|US

Fed's Powell touts progress on inflation

Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year do "add somewhat to confidence" that the pace of price increases

Fed's Powell touts progress on inflation
Economy|Finance|News

Powell says Federal Reserve is more confident inflation is slowing to its target

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point

Powell says Federal Reserve is more confident inflation is slowing to its target
Business|Economy|Finance|US

Powell says he will stay at Fed through end of term as chair

Federal Reserve Chair Jerome Powell on Monday said he has no plans to leave his post as head of the U.S. central bank before his term expires, pouring cold

Powell says he will stay at Fed through end of term as chair
Economy|Finance|News|US

Fed's Powell: Latest data 'add somewhat to confidence' inflation is returning to 2%

Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year "add somewhat to confidence" that

Fed's Powell: Latest data 'add somewhat to confidence' inflation is returning to 2%
Business|Economy|Finance|US

NY Fed finds rise in credit rejection rate in June

Credit rejection rates were higher in June than earlier in 2024 but slightly lower than a year ago, new data from the Federal Reserve Bank of New York said on Monday.

NY Fed finds rise in credit rejection rate in June
Crime|News|US

Trump hit steepens curve; China's economy judders

A look at the day ahead in U.S. and global markets from Mike Dolan The shock shooting on Saturday of former President Donald Trump, who is seeking a return to the White House, is

Trump hit steepens curve; China's economy judders
Business|Election|Finance|Stock Markets|US

Wall St ends higher as investors firm bets on Trump win, rate cuts

Wall Street closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination

Wall St ends higher as investors firm bets on Trump win, rate cuts
Business|Economy|Finance|US

Powell opens key week of Fedspeak as rate cut case develops

Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of

Powell opens key week of Fedspeak as rate cut case develops
Business|Economy|Finance|US

In the Market: How regulators are using banks to illuminate shadow banks

The Federal Reserve has proposed new rules that would allow it to gather granular details about banks' exposure to shadow banks, a move that shows how regulators are

In the Market: How regulators are using banks to illuminate shadow banks
Business|Europe|Finance|US

Trump shooting ricochets in Treasuries

A look at the day ahead in European and global markets from Stella Qiu. Shock at the attempt to assassinate former President Donald Trump is driving markets this Monday.

Trump shooting ricochets in Treasuries
Business|Economy|Finance|News|US

Dollar lower after Powell, crypto climbs as investors eye Trump win

The dollar fell slightly on Monday after comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets that an assassination attempt

Dollar lower after Powell, crypto climbs as investors eye Trump win
Business|Economy|Finance|News

Goldman challenges Fed's demand it hold more capital after stress test, FT reports

Goldman Sachs has lodged an appeal with the U.S.

Goldman challenges Fed's demand it hold more capital after stress test, FT reports
Finance|Stock Markets|US

Expected US rate cuts have investors looking beyond Big Tech

Looming U.S. interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or

Expected US rate cuts have investors looking beyond Big Tech
Business|Economy|Finance|US

US banking execs weigh macroeconomic risks, Fed's interest rate path

Executives from top U.S. banks remained divided over the U.S.

US banking execs weigh macroeconomic risks, Fed's interest rate path
Business|Economy|Finance|News

Unexpected bad news for inflation: Wholesale prices rose in June

Unexpected bad news for inflation: Wholesale prices rose in June

Unexpected bad news for inflation: Wholesale prices rose in June
Economy|Finance|US

US producer price data points to subsiding inflation pressures

U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal

US producer price data points to subsiding inflation pressures
Economy|Finance|News|US

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

US wholesale inflation picked up in June in sign that some price pressures remain elevated
Business|Finance|Stock Markets|Technology

HCLTech projects growth as Indian IT industry bets on cautious recovery

India's No.3 IT services provider HCLTech reported a 6.7% rise in first-quarter revenue on Friday, and projected growth in most

HCLTech projects growth as Indian IT industry bets on cautious recovery
Business|Economy|Finance|US

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing

Global bond funds see hefty inflows on expectations of rate cut
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

U.S. stocks rose after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates
Economy|Finance|News|US

Fed's Goolsbee says US economy looks back on track to 2% inflation

Chicago Federal Reserve Bank President Austan Goolsbee said on Thursday the U.S. economy looks like it is back on track to 2% inflation after a bump up earlier this

Fed's Goolsbee says US economy looks back on track to 2% inflation
Business|Economy|Finance

Fed's Musalem says cooler CPI data is 'encouraging'

Federal Reserve Bank of St.

Fed's Musalem says cooler CPI data is 'encouraging'
Business|Economy|Finance|US

IMF sees US Fed in position to cut interest rates later this year

The International Monetary Fund said on Friday it continues to believe that the Federal Reserve could start cutting interest rates later this year and should

IMF sees US Fed in position to cut interest rates later this year
Economy|Finance|News|US

Fed's Daly says one or two rate cuts could be appropriate

San Francisco Federal Reserve Bank President Mary Daly on Thursday said that recent cooler inflation readings are a "relief" and she expects further easing in both price

Fed's Daly says one or two rate cuts could be appropriate
Business|Economy|Finance

Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers

The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices

Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers
Economy|Finance|US

PRICES DROP FOR THE FIRST TIME SINCE START OF PANDEMIC (3pET)

The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest report.

PRICES DROP FOR THE FIRST TIME SINCE START OF PANDEMIC (3pET)
Economy|Finance|US

Instant view- Tame US June CPI smoothes path for Fed ease

U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal

Instant view- Tame US June CPI smoothes path for Fed ease
Business|Economy|Finance|US

US weekly jobless claims fall more than expected

The number of Americans filing new applications for unemployment benefits dropped more than expected last week, but volatility around this time of the year as automobile

US weekly jobless claims fall more than expected
Economy|Finance|US

June price drop may shorten the Fed's last mile on inflation

The "last mile" of the Federal Reserve's battle against inflation may have shortened to a last lap after U.S. consumer prices unexpectedly fell in

June price drop may shorten the Fed's last mile on inflation
Economy|Finance|News|US

Monthly US consumer prices post first drop in four years as inflation subsides

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and

Monthly US consumer prices post first drop in four years as inflation subsides
Business|Economy|Finance|US

CPI caution seems no barrier, sterling surges

A look at the day ahead in U.S. and global markets from Mike Dolan If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then

CPI caution seems no barrier, sterling surges
Economy|Finance|News

Oil rises settles higher; US inflation data feeds rate cut hopes

Oil prices rose for the second consecutive session on Thursday with the Brent benchmark settling above $85 a barrel as hopes rose for U.S. interest rate cuts after

Oil rises settles higher; US inflation data feeds rate cut hopes
Business|Economy|Finance|US

Cook says Fed would respond if unemployment starts to rise more quickly

The Federal Reserve is closely watching changes in the unemployment rate and would respond if it starts a quick climb, Fed Governor Lisa Cook said on Wednesday.

Cook says Fed would respond if unemployment starts to rise more quickly
Economy|Finance|News|US

Fed's Cook: US data consistent with a soft landing

U.S. inflation should continue to fall without a significant further rise in the unemployment rate, Federal Reserve Governor Lisa Cook said on Wednesday.

Fed's Cook: US data consistent with a soft landing
Economy|Finance|News|US

Is inflation still cooling? Thursday's report on June prices will provide clues

Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases

Is inflation still cooling? Thursday's report on June prices will provide clues
News|US

Fed's Powell: Will act 'when and as' needed, regardless of election

U.S.

Fed's Powell: Will act 'when and as' needed, regardless of election
Business|Economy|Finance|News|US

Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon

Powell stresses message that US job market is cooling, a possible signal of coming rate cut
Business|Economy|News|US

Powell says Fed will cut rates when ready, regardless of political calendar

Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank will make interest rate decisions "when and as" they are needed, pushing back on a

Powell says Fed will cut rates when ready, regardless of political calendar
Asia|Business|Finance|News|Stock Markets

Stock market today: Asian shares are mixed as Japan's Nikkei 225 hits a new high, with eyes on Fed

Shares are mixed in Asia, while Tokyo's Nikkei 225 index has closed at another record high as investors awaited further comments by Federal Reserve Chair Jerome Powell before Congress

Stock market today: Asian shares are mixed as Japan's Nikkei 225 hits a new high, with eyes on Fed
Finance|Stock Markets|US

Rate cut prospects could bolster US stocks as investors await earnings, elections

The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in U.S. stocks that may soon be tested by

Rate cut prospects could bolster US stocks as investors await earnings, elections
Business|Economy|Finance|US

Dollar dips as Powell remains cautious before CPI data

The dollar dipped on Wednesday after Federal Reserve Chair Jerome Powell indicated that the U.S. central bank is getting closer to cutting interest rates but wants to see

Dollar dips as Powell remains cautious before CPI data
Asia|Business|Finance|News|US

Debating the fate of rates

A look at the day ahead in Asian markets. Is a U.S. interest rate cut coming? If so, when?

Debating the fate of rates
Business|Economy|Finance|US

US Treasury's Yellen: inflation will continue to ease over time

Rent and housing costs are keeping U.S. inflation higher than preferred but consumer price pressures will continue to come down over time,

US Treasury's Yellen: inflation will continue to ease over time
Uncategorized

Fed's Powell defends central bank independence as challenges loom

By Michael S.

Fed's Powell defends central bank independence as challenges loom
US

Powell: 'Essential' that bank regulators re-propose Basel plan

U.S.

Powell: 'Essential' that bank regulators re-propose Basel plan
Business|Economy|Finance|News|US

Key takeaways from Fed Chair Powell’s testimony on Capitol Hill

Key takeaways from Fed Chair Powell’s testimony on Capitol Hill

Key takeaways from Fed Chair Powell’s testimony on Capitol Hill
Economy|Finance|News|US

INSTANT VIEW-Fed's Powell: "More good data" will "strengthen" case for rate cut

Inflation "remains above" the U.S.

INSTANT VIEW-Fed's Powell: "More good data" will "strengthen" case for rate cut
Business|Economy|Finance|News|US

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
Business|Finance|Stock Markets|US

S&P 500 and Nasdaq notch record highs as Nvidia gains

The S&P 500 and Nasdaq notched record-high closes on Tuesday, fueled by gains in Nvidia after U.S.

S&P 500 and Nasdaq notch record highs as Nvidia gains
Business|Economy|Election|Finance|Stock Markets|US

Eyes switch to inflation vs elections, Powell up

A look at the day ahead in U.S. and global markets from Mike Dolan After an intense month focused on election risk around the world, markets quickly switched back to the more prosaic matter of the

Eyes switch to inflation vs elections, Powell up
News|US

Fed considers rule tweak that could save biggest US banks billions in capital

The U.S.

Fed considers rule tweak that could save biggest US banks billions in capital
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street wavers following congressional testimony from Powell

Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed's plans on when it might lower interest rates

Stock market today: Wall Street wavers following congressional testimony from Powell
Business|Economy|Finance|Stock Markets|US

Global equities edge down, bond yields up with Fed in focus

MSCI's global equities index bumped around in a narrow range while edging lower on Tuesday while U.S. Treasury yields rose after U.S.

Global equities edge down, bond yields up with Fed in focus
Business|Economy|Finance|US

Dollar gains as Fed's Powell cautious on rate cuts

The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation and a cooling job market, but did not give a clear signal that

Dollar gains as Fed's Powell cautious on rate cuts
Asia|Business|Economy|Finance

All eyes on Powell

A look at the day ahead in Asian markets.

All eyes on Powell
Business|Economy|Finance|US

U.S. 'breakeven' monthly job growth may be 230,000: SF Fed paper

A surge in the U.S. labor force in recent years may have driven up the number of new jobs needed to avoid a rise in the unemployment rate to around 230,000 a month, according

U.S. 'breakeven' monthly job growth may be 230,000: SF Fed paper
Uncategorized

NY Fed finds moderating near-term inflation expectations in June

By Michael S.

NY Fed finds moderating near-term inflation expectations in June
Business|Economy|Finance|US

S&P 500 and Nasdaq notch record highs; chipmakers climb

The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome

S&P 500 and Nasdaq notch record highs; chipmakers climb
Economy|Election|Finance|News|Political|US

Federal Reserve highlights its political independence as presidential campaign heats up

The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president again

Federal Reserve highlights its political independence as presidential campaign heats up
Economy|News|US

US inflation easing, job market similar to pre-pandemic conditions, Fed report says

Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray,

US inflation easing, job market similar to pre-pandemic conditions, Fed report says
Economy|Finance|US

Fed rate cut debate to heat up as US job market cools

Federal Reserve policymakers got more evidence of U.S. labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the

Fed rate cut debate to heat up as US job market cools
Business|Economy|Finance|News|Stock Markets|US

Instant view: June US job growth moderates, unemployment rate ticks up

STORY: U.S. job growth slowed to a still-healthy pace in June, with the unemployment rate rising to 4.1%, increasing the chances that the Federal Reserve will be able to tame

Instant view: June US job growth moderates, unemployment rate ticks up
Business|Economy|Finance|Stock Markets|US

US equity funds see upbeat demand on rate cut expectations

Investors hoovered up U.S. equity funds in the week to July 3 as data indicating a softening economy and U.S.

US equity funds see upbeat demand on rate cut expectations
Business|Economy|Finance|Stock Markets|US

Global equity funds draw inflows for second straight week amid rate cut expectations

Global investors piled into equity funds in the week to July 3 on expectations of U.S. rate cuts following weaker economic indicators and dovish remarks from Federal Reserve Chair Jerome

Global equity funds draw inflows for second straight week amid rate cut expectations
Business|Economy|Finance|US

Fed's Williams: still 'a way to go' to reach 2% inflation goal

The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still "a way" from achieving the goal, New York Fed Bank President John

Fed's Williams: still 'a way to go' to reach 2% inflation goal
Business|Economy|News|US

US labor market losing steam as unemployment rate climbs to 4.1%

U.S. employment increased solidly in June, but government and healthcare services hiring made up about three-quarters of the payrolls gain and the unemployment

US labor market losing steam as unemployment rate climbs to 4.1%
Economy|Finance|News|US

Dollar stays lower after US jobs data; euro up ahead of French election

The U.S. dollar index stayed slightly lower on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose,

Dollar stays lower after US jobs data; euro up ahead of French election
Economy|Finance|News|US

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

US jobs report for June is likely to point to slower but still-solid hiring
Asia|Business|Economy|Finance|Stock Markets|US

Asian stocks draw robust foreign inflows on US rate outlook, tech rally

Foreign investors channelled massive money into Asian equities in June, after two months of selling, as easing U.S. price pressures raised hopes that the Federal Reserve

Asian stocks draw robust foreign inflows on US rate outlook, tech rally
Asia|Business|Finance|News|Stock Markets

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higher

Japan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higher
Economy|Finance|News|US

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Economy|News|US

Fed officials at last meeting saw price pressures in decline, minutes show

Federal Reserve officials at their last meeting acknowledged the U.S. economy appeared to be slowing and that "price pressures were diminishing," but still

Fed officials at last meeting saw price pressures in decline, minutes show
Business|Economy|US

US weekly jobless claims rise as labor market gradually slows

First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high

US weekly jobless claims rise as labor market gradually slows
Uncategorized

Fed's Williams skeptical neutral rate has risen

By Michael S.

Fed's Williams skeptical neutral rate has risen
Business|Economy|Election|Finance|US

New records as jobs scanned, Tesla jumps

A look at the day ahead in U.S. and global markets from Mike Dolan Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets on Tuesday, helping

New records as jobs scanned, Tesla jumps
Business|Finance|Technology

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut

The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
Asia|Business|Stock Markets|Technology

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms

Asian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
Asia|Economy|Europe|Finance|News

Powell sparks optimism on rate cuts

A look at the day ahead in European and global markets from Ankur Banerjee It was a risk-on session in Asia, with European bourses poised for a similar start in the wake of comments by Fed Chair

Powell sparks optimism on rate cuts
Uncategorized

Fed's Mester: Mortgage bond sales should remain option for Fed

By Michael S.

Fed's Mester: Mortgage bond sales should remain option for Fed
Business|Economy|Finance|US

What are the Fed's bank 'stress tests' and what's new this year?

The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT).

What are the Fed's bank 'stress tests' and what's new this year?
Uncategorized

Fed's Goolsbee still looking for data inflation is cooling - CNBC

By Michael S.

Fed's Goolsbee still looking for data inflation is cooling - CNBC
Business|Economy|Finance|News|US

Fed's Daly: inflation not the only risk, policy must 'exhibit care'

The Federal Reserve must "exhibit care" as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Monday, noting that

Fed's Daly: inflation not the only risk, policy must 'exhibit care'
Business|Economy|Finance|US

Big US banks expected to be cautious on shareholder payouts after stress tests

Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week's Federal Reserve health checks,

Big US banks expected to be cautious on shareholder payouts after stress tests
Economy|Finance|News|Stock Markets|US

World shares rise, US dollar weakens on soft labor market data

World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate

World shares rise, US dollar weakens on soft labor market data
US

Fed's Goolsbee sees risk of 'error in view that low inflation needs high unemployment

The U.S.

Fed's Goolsbee sees risk of 'error in view that low inflation needs high unemployment
Uncategorized

Fed's Williams says central bank may be done with rate rises

By Michael S.

Fed's Williams says central bank may be done with rate rises
US

Fed's Powell: Economy still working through the impact of the pandemic

By Howard Schneider YORK, Pa.

Fed's Powell: Economy still working through the impact of the pandemic
Economy|Finance|News|US

Surging rents lift US consumer prices; underlying inflation grinding lower

U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported

Surging rents lift US consumer prices; underlying inflation grinding lower
Economy|Finance|News|US

Housing remains a puzzle in Fed's inflation fight

Federal Reserve officials throughout this year had pinned their hopes for falling inflation in part on an expected easing of U.S. housing price increases

Housing remains a puzzle in Fed's inflation fight
Business|Economy|Finance|US

Dollar dips on dovish Powell comments

The dollar dropped on Thursday after Federal Reserve Chair Jerome Powell was interpreted as being generally dovish in comments made at an economic forum, even as

Dollar dips on dovish Powell comments
US

Fed done hiking rates, but higher for longer message gaining traction

The U.S.

Fed done hiking rates, but higher for longer message gaining traction
Business|Finance|MidEast|News|Stock Markets

Stocks slip as Treasuries graze 5%, Middle East war rages

Stocks tumbled on Thursday, under pressure from investor caution over the Middle East conflict and from the largest one-week rise in 10-year Treasury yields in 18

Stocks slip as Treasuries graze 5%, Middle East war rages
Business|Finance|Stock Markets|US

Wall St drops as Treasury yields surge, Powell speaks

U.S. stocks ended solidly lower on Thursday, with shares of Tesla falling after its results and Treasury yields surging as Federal Reserve Chair Jerome

Wall St drops as Treasury yields surge, Powell speaks
Business|Economy|Finance|US

Fed's Powell: Strong economy may still require rate increases

The U.S. economy's strength and continued tight labor markets could warrant further Federal Reserve interest rate increases, Fed Chair Jerome Powell said on Thursday in

Fed's Powell: Strong economy may still require rate increases
Economy|Finance|US

Dollar hits 150 yen then dips on intervention jitters

The dollar touched the closely watched 150 level against the yen on Friday, before falling back again, as investors positioned for the

Dollar hits 150 yen then dips on intervention jitters
Business|Economy|Environment|Finance

NY Fed to tackle weather-related risks in upcoming research barrage

Early next month, the Federal Reserve Bank of New York will take on what has become something of a fraught subject for the central bank: climate change.

NY Fed to tackle weather-related risks in upcoming research barrage
Business|Economy|Finance|Stock Markets|Technology|US

Wall Street ends lower on mixed earnings, robust data

U.S. stocks tumbled on Thursday, dragged by tech and tech-adjacent megacap shares as investors digested mixed quarterly earnings and signs of economic resiliency

Wall Street ends lower on mixed earnings, robust data
Business|Economy|Finance|Stock Markets|US

US dollar falls as markets believe Fed is done hiking rates

The U.S. dollar fell against most currencies on Wednesday as investors perceived that Federal Reserve Chairman Jerome Powell's statements after its two

US dollar falls as markets believe Fed is done hiking rates
Economy|Finance|US

Fed keeps rates unchanged, acknowledges economy is 'strong'

The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that

Fed keeps rates unchanged, acknowledges economy is 'strong'
Business|Economy|Finance|US

Barclays sees Fed raising rate in January instead of December

Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike.

Barclays sees Fed raising rate in January instead of December
News|US

Fed's Powell: "Not confident" policy is tight enough, supply-side help may be finished

U.S.

Fed's Powell: "Not confident" policy is tight enough, supply-side help may be finished
Economy

Fed officials find a bit of Zen on way to next policy decision

By Ann Saphir and Michael S.

Fed officials find a bit of Zen on way to next policy decision
Business|Finance|News|Stock Markets|US

Stocks rise as dollar falls, gold rallies on Fed commentary

MSCI's global stock index turned higher on Tuesday while the dollar fell as a Federal Reserve official suggested that the U.S. central bank

Stocks rise as dollar falls, gold rallies on Fed commentary
Business|Finance|Stock Markets|US|World

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

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

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

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

U.S.

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

US manufacturing mired in weakness, economy heading for slowdown

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

US manufacturing mired in weakness, economy heading for slowdown
Business|Economy|Finance|News|Stock Markets|US|World

Stocks, US yields fall as investors gauge economic health

A gauge of global stocks declined for a second straight session and U.S.

Stocks, US yields fall as investors gauge economic health
Business|Finance|Stock Markets|US

Stocks edge up, 10-year Treasury yield falls as rate cut timing weighed

A gauge of global equities rose on Wednesday following consecutive declines to start the week, while longer-dated U.S.

Stocks edge up, 10-year Treasury yield falls as rate cut timing weighed
Business|Economy|Finance|US

Weak US third-quarter unit labor costs point to slowing inflation

U.S. unit labor costs were much weaker than initially thought in the third quarter amid robust worker productivity, providing a boost to the Federal Reserve's

Weak US third-quarter unit labor costs point to slowing inflation
Business|Economy|Finance|News|Stock Markets|US

Strong US jobs data throws rate cut bets into doubt

World stocks teetered close to their first weekly loss since October, government bond prices dropped and the dollar firmed as strong U.S

Strong US jobs data throws rate cut bets into doubt
Business|Finance|Stock Markets|US

S&P 500 posts longest weekly winning streak since 2017; ends flat on day

The S&P 500 ended little changed on Friday but registered a seventh straight week of gains in its longest weekly winning streak since 2017 after this

S&P 500 posts longest weekly winning streak since 2017; ends flat on day
Business|Economy|Finance|News|US

Exclusive-Fed's Bostic sees two rate cuts in 2024, likely starting in third quarter

The Federal Reserve can begin reducing interest rates "sometime in the third quarter" of 2024 if inflation falls as expected, Atlanta Fed President Raphael

Exclusive-Fed's Bostic sees two rate cuts in 2024, likely starting in third quarter
Business|Finance|Technology|US

Can sizzling Magnificent Seven trade keep powering US stocks in 2024?

As a strong year in U.S. stocks winds down, fund managers face a potentially consequential choice in 2024: stick with the few massive growth and technology

Can sizzling Magnificent Seven trade keep powering US stocks in 2024?
Asia|Business|Finance|Stock Markets

Asian shares set to snap two-year losing streak on rate cut wagers

Asian stocks took a breather on the last trading day of the year and are set to snap their two-year losing streak with investors buoyed by the expectations that

Asian shares set to snap two-year losing streak on rate cut wagers
Business|Economy|Finance|US

Explainer: Charting the Fed's economic data flow

Federal Reserve officials project the U.S. central bank will cut its benchmark overnight interest rate during 2024, but the timing and pace of the reductions in borrowing costs will depend

Explainer: Charting the Fed's economic data flow
Economy|Finance|US

Exclusive-Goolsbee sees progress on inflation, says his rate-cut forecast near Fed median

Chicago Federal Reserve President Austan Goolsbee on Thursday called 2023 a "hall-of-fame" year for falling inflation, which has paved the way for a few U.S. interest rate

Exclusive-Goolsbee sees progress on inflation, says his rate-cut forecast near Fed median
Business|Economy|Finance|US

Big US banks to call on Fed to rewrite contentious bank capital rule

Banks on Tuesday will urge the U.S.

Big US banks to call on Fed to rewrite contentious bank capital rule
Business|Economy|Finance|US

Fed's faith in 'immaculate disinflation' narrative put to the test

The Federal Reserve will conclude a two-day policy meeting on Wednesday, with officials parsing evidence of slowing inflation alongside continued labor

Fed's faith in 'immaculate disinflation' narrative put to the test
Economy|Finance|US

US labor costs growth slows in fourth quarter

U.S. labor costs rose less than expected in the fourth quarter, leading to the smallest annual increase in two years, signs of moderating wage inflation that could give the

US labor costs growth slows in fourth quarter
Economy|Finance|News|Stock Markets|US

Fed holds rates steady, says more confidence needed in inflation slowdown

The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns

Fed holds rates steady, says more confidence needed in inflation slowdown
Business|Economy|Finance|US

US worker productivity strong in fourth quarter; weekly jobless claims rise

U.S. worker productivity grew faster than expected in the fourth quarter, keeping unit labor costs contained and giving the Federal Reserve another boost in the fight against

US worker productivity strong in fourth quarter; weekly jobless claims rise
Business|Economy|Finance|News|US

Fed's Kashkari says he currently sees 2 to 3 rate cuts this year

The Federal Reserve should likely reduce its policy rate two or three times this year based on the information on the economy currently in hand, Minneapolis Fed President Neel Kashkari

Fed's Kashkari says he currently sees 2 to 3 rate cuts this year
Uncategorized

Fed's Barkin: Wants more confidence on inflation before favoring rate cuts

(Adds dropped words in headline) By Michael S.

Fed's Barkin: Wants more confidence on inflation before favoring rate cuts
Business|Economy|Finance|US

Fed's Logan: risks more balanced, no urgency on rate cuts

Dallas Federal Reserve Bank President Lorie Logan on Friday said she is in no rush to cut interest rates, and while there has been "tremendous progress" on

Fed's Logan: risks more balanced, no urgency on rate cuts
Economy|Finance|News|US

US consumer prices rise more than expected in January

U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not change expectations

US consumer prices rise more than expected in January
Business|Economy|Finance|US

Fed still on track even if inflation's path down is bumpy -Goolsbee

The Federal Reserve's path back to its 2% inflation target rate would still be on track even if price increases run a bit hotter-than-expected over the next few months,

Fed still on track even if inflation's path down is bumpy -Goolsbee
News|US

US Federal Reserve releases scenarios for 2024 bank "stress tests"

The U.S.

US Federal Reserve releases scenarios for 2024 bank "stress tests"
Business|Economy|Finance|US

US producer prices rise more than expected in January

U.S. producer prices increased more than expected in January amid strong gains in the costs of services, which could amplify worries that inflation was picking up.

US producer prices rise more than expected in January
Business|Economy|Finance|Stock Markets|US

Dollar steady as traders weigh economic data, yen fragile

The dollar was steady on Friday, on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal

Dollar steady as traders weigh economic data, yen fragile
Business|Economy|Finance|Stock Markets|US

Futures slip on fading rate cut hopes; retailers' earnings in focus

U.S. stock index futures slipped on Tuesday as hopes for early interest rate cuts from the Federal Reserve waned, while investors geared up for quarterly earnings from U.S. retail giants

Futures slip on fading rate cut hopes; retailers' earnings in focus
Asia|Business|Economy|Finance|News|Stock Markets|US

Asian shares meander as US inflation test awaits; kiwi slides

Asian stocks were tentative on Wednesday ahead of a U.S. inflation reading this week that could influence the timing of the Federal Reserve's easing cycle,

Asian shares meander as US inflation test awaits; kiwi slides
Economy|Finance|News|US

US fourth-quarter economic growth revised slightly lower

The U.S. economy grew at a solid clip in the fourth quarter amid strong consumer spending, the government confirmed on Wednesday, but it appears to have lost some speed early in

US fourth-quarter economic growth revised slightly lower
Business

Fed's Mester said banks' Discount Window access needs tweaks

By Michael S.

Fed's Mester said banks' Discount Window access needs tweaks
Business|Economy|Finance|Stock Markets|US

Futures tiptoe higher ahead of more economic data, Powell testimony

Wall Street futures edged higher on Thursday ahead of more economic data and commentary from Jerome Powell after the Federal Reserve chair stuck

Futures tiptoe higher ahead of more economic data, Powell testimony
Business|Economy|Finance|US

JPMorgan's Dimon urges US Fed to wait past June before cutting rates

JPMorgan Chase CEO Jamie Dimon on Tuesday urged the Federal Reserve to wait past June before cutting interest rates, arguing the central bank needs to shore up its inflation-

JPMorgan's Dimon urges US Fed to wait past June before cutting rates
Business|Economy|Finance|US

Fed to start rate cuts in June; risk fewer delivered this year- Reuters poll

The U.S.

Fed to start rate cuts in June; risk fewer delivered this year- Reuters poll
Asia|Business|Economy|Finance|Stock Markets

Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter

Asian stocks nudged higher on Tuesday ahead of the influential U.S. inflation report, while Japanese shares fell and the yen firmed on rising expectations that

Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter
Business|Economy|Finance|Stock Markets|US

Futures steady as investors brace for more economic data

U.S. stock index futures were subdued on Wednesday as investors awaited a slew of economic data this week, including producer prices and retail sales numbers, for clues on the Federal

Futures steady as investors brace for more economic data
Business|Economy|Finance|News|Stock Markets|US

US equity funds draw biggest weekly inflow in nine months

U.S. equity funds witnessed robust demand in the seven days to March 20, buoyed by Wall Street's continued rally and expectations of Federal Reserve rate cuts later this year.

US equity funds draw biggest weekly inflow in nine months
Business|Economy|Finance|US

Fed's Bostic scales back to single rate cut on the year, versus two previously

Atlanta Federal Reserve bank President Raphael Bostic said on Friday he now expects just a single quarter-point interest rate cut this year versus two cuts that he had projected

Fed's Bostic scales back to single rate cut on the year, versus two previously
Business|Economy|Finance|US

US durable goods orders rebound in February

Orders for long-lasting U.S. manufactured goods increased more than expected in February, while business investment on equipment appeared to improve in the first quarter.

US durable goods orders rebound in February
Economy

NY Fed sees more time needed to shrink central bank holdings

By Michael S.

NY Fed sees more time needed to shrink central bank holdings
Business|Economy|Finance|Stock Markets|US

Wall St closes lower; gold climbs amid economic, geopolitical crosswinds

U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal

Wall St closes lower; gold climbs amid economic, geopolitical crosswinds
Economy|Finance|US

Japan's yen tumbles to 34-year low; US dollar gains after inflation data

The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in

Japan's yen tumbles to 34-year low; US dollar gains after inflation data
Business|Economy|Election|Finance|News|US

Trump allies drafting plans to erode Fed's independence, WSJ reports

The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve's independence if he wins, the Wall Street Journal

Trump allies drafting plans to erode Fed's independence, WSJ reports
Business|Economy|Finance|Stock Markets|US

Stocks notch monthly drop, dollar rebounds as data, Fed loom large

U.S. equity markets closed sharply lower on Tuesday, joining their global counterparts in the monthly loss column as investors await crucial economic data and the

Stocks notch monthly drop, dollar rebounds as data, Fed loom large
Business|Finance|US

Wall St loses steam, dollar gains as investors mull rate cut timing

Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts

Wall St loses steam, dollar gains as investors mull rate cut timing
Business|Economy|Finance|News|US

Morgan Stanley pushes Fed rate cut expectation to September from July

Morgan Stanley said it now expects the U.S.

Morgan Stanley pushes Fed rate cut expectation to September from July
Business|Economy|Finance|News|Stock Markets|US

Stocks near flat, dollar dips as focus shifts to US inflation data

Global stock indexes were little changed on Monday while the U.S. dollar index eased as investors awaited this week's U.S. inflation data that is expected

Stocks near flat, dollar dips as focus shifts to US inflation data
Business|Finance|News|Stock Markets|US

World stock index set for record high, dollar dips after PPI, Powell

MSCI's gauge of stocks across the globe was set for a record high close on Tuesday, while the U.S. dollar edged lower as investors digested U.S. producer

World stock index set for record high, dollar dips after PPI, Powell
Business|Finance|Stock Markets|US|World

Stocks edge up as timing of US rate cuts weighed; copper jumps

A world stock index rose for a seventh straight session and U.S.

Stocks edge up as timing of US rate cuts weighed; copper jumps
Business|Economy|Finance|News|Stock Markets|US

Nasdaq, gold scale all-time highs amid cautious Fed comments

The Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence

Nasdaq, gold scale all-time highs amid cautious Fed comments
Business|Economy|Finance|Stock Markets|US

S&P 500, Nasdaq notch record closing highs, Treasury yields dip ahead of Fed minutes

Wall Street ended modestly higher and U.S.

S&P 500, Nasdaq notch record closing highs, Treasury yields dip ahead of Fed minutes
Business|Economy|Finance|News|US

Fed officials urge patience on timing of initial rate cut

Federal Reserve policymakers said on Tuesday the U.S. central bank should wait several more months to ensure that

Fed officials urge patience on timing of initial rate cut
Business|Economy|Finance|News|US

US stocks close down, oil tumbles after Fed minutes; Nvidia reports

Wall Street ended lower and oil prices fell on Wednesday as investors parsed minutes from the U.S. Federal Reserve's most recent policy meeting.

US stocks close down, oil tumbles after Fed minutes; Nvidia reports
Business|Finance|News|US

S&P 500, Nasdaq post closing record highs after CPI, Fed

The S&P 500 and Nasdaq posted record closing highs for a third straight day on Wednesday after inflation data came in softer than expected but the indexes

S&P 500, Nasdaq post closing record highs after CPI, Fed
Business|Economy|Finance|News|US

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress
Business|Economy|Finance|US

Dollar gains on hawkish Fed, even as inflation cools

The dollar gained on Thursday despite a soft U.S. producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of

Dollar gains on hawkish Fed, even as inflation cools
Business|Finance|Stock Markets|US

Stocks gain, US yields decline after retail sales data

A gauge of global stocks advanced for a second straight session on Tuesday and U.S.

Stocks gain, US yields decline after retail sales data
Business|Finance|News|US

US regulators at odds over whether to issue new draft of bank capital hikes

U.S. bank regulators are arguing over the path forward for rules easing bank capital hikes, with some wanting to allow additional feedback from Wall Street

US regulators at odds over whether to issue new draft of bank capital hikes
News|US

Apollo Global chief economist expects no Fed cuts this year

The U.S.

Apollo Global chief economist expects no Fed cuts this year
Uncategorized

Fed bank oversight powers grow more uncertain in wake of court action

By Michael S.

Fed bank oversight powers grow more uncertain in wake of court action
Business|Economy|Finance|US

US overnight funding rate hits highest since January

A measure of the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since

US overnight funding rate hits highest since January
Economy|News|US

Fed's Goolsbee sees warnings signs on real economy

Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said he sees some "warning signs" of weakening in the economy, adding that the U.S. central bank's goal is to get

Fed's Goolsbee sees warnings signs on real economy
Business|Economy|News|US

US labor market steadily easing despite rise in job openings

U.S. job openings rose in May after posting outsized declines in the prior two months, but the trend remained consistent with an easing in labor market

US labor market steadily easing despite rise in job openings
Business|Economy|Finance|News|US

US job openings rise to 8.1 million despite higher interest rates

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

US job openings rise to 8.1 million despite higher interest rates
Economy|Finance|News|US

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
Economy|Finance|News|US

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates
Business|Economy|Finance|News|Stock Markets|US

Shares edge higher, US Treasury yields weaken as markets weigh Fed chair comments

Global stocks edged higher while U.S.

Shares edge higher, US Treasury yields weaken as markets weigh Fed chair comments
Economy|Finance|US

US dollar inches lower as dovish Powell comments offset upbeat jobs data

The dollar slipped on Tuesday in thin, choppy trading after Federal Reserve Chair Jerome Powell struck a moderately dovish tone in his comments,

US dollar inches lower as dovish Powell comments offset upbeat jobs data
Business|Economy|News

Supreme Court lets a truck stop sue the Federal Reserve in latest threat to agency regulations

Supreme Court lets a truck stop sue the Federal Reserve in latest threat to agency regulations

Supreme Court lets a truck stop sue the Federal Reserve in latest threat to agency regulations
Uncategorized

Fed's Williams: Remains confident Fed getting inflation back to 2%

By Michael S.

Fed's Williams: Remains confident Fed getting inflation back to 2%
Business|Economy|Finance|US

Fed officials steer cautiously toward potential rate cuts

Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still

Fed officials steer cautiously toward potential rate cuts
Economy|Finance|News|US

"Encouraged" by recent data, Fed's Kugler eyes rate cut later this year

Inflation is exhibiting encouraging signs of cooling, U.S.

"Encouraged" by recent data, Fed's Kugler eyes rate cut later this year
Economy|Finance|News|US

Fed can be 'patient,' needs more good inflation data: Logan

Dallas Federal Reserve Bank President Lorie Logan on Tuesday said recent data showing inflation is cooling is "welcome news" but that the U.S. central bank can

Fed can be 'patient,' needs more good inflation data: Logan
Economy|Finance|US

Dollar eases after US retail sales miss expectations in May

The dollar eased against the euro on Tuesday after retail sales data indicated signs of exhaustion among U.S. consumers, boosting the case for Federal Reserve

Dollar eases after US retail sales miss expectations in May
Business|Economy|Finance|US

US retail sales tepid in May; manufacturing production surges

U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lackluster in the

US retail sales tepid in May; manufacturing production surges
News|US

Supreme Court 'swipe fees' ruling may open US regulations to more suits

The U.S.

Supreme Court 'swipe fees' ruling may open US regulations to more suits
News|US

Fed Chair Powell scheduled for July 9 Senate Banking testimony

U.S.

Fed Chair Powell scheduled for July 9 Senate Banking testimony
Uncategorized

Fed's policy patience warranted amid still-high inflation, Collins says

By Michael S.

Fed's policy patience warranted amid still-high inflation, Collins says
Business|Economy|Finance|Stock Markets|Technology|US

S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments

The S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence ahead of this week's economic data and

S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments
Business|Finance|News|Stock Markets|US

Stocks, US yields gain as data, Fed comments eyed

A gauge of global stocks rose for the first time in three sessions on Monday, powered by a rally in U.S. equities, while U.S.

Stocks, US yields gain as data, Fed comments eyed
Business|Economy|Finance|US

Fed's Harker: one interest rate cut this year my base case

The U.S. Federal Reserve would be able to cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said on Monday, if his economic forecast plays out.

Fed's Harker: one interest rate cut this year my base case
Business|Economy|Finance|Stock Markets|US

UBS pushes back Fed rate cut forecast to December

UBS Global Research said it now expects the Federal Reserve to start cutting interest rates in December instead of September, while Goldman Sachs and Morgan Stanley continue to expect the

UBS pushes back Fed rate cut forecast to December
Business|Finance|Stock Markets|US

The day after the Fed

A look at the day ahead in markets from Dhara Ranasinghe. It's back to the markets versus the U.S. Federal Reserve.

The day after the Fed
Business|Election|Finance|News|US

In new forecasts, Fed appears to bow out of the election cycle

The U.S. Federal Reserve may have just ducked out of the presidential campaign spotlight with a fresh set of forecasts showing no interest rate cuts are likely until after Election Day.

In new forecasts, Fed appears to bow out of the election cycle
Business|Economy|Finance|US

US producer prices unexpectedly fall in May

U.S. producer prices unexpectedly fell in May amid lower energy costs, another indication that inflation was subsiding after surging in the first quarter.

US producer prices unexpectedly fall in May
Business|Economy|Finance|News|US

US weekly jobless claims at 10-month high as labor market eases; inflation cooling

The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and

US weekly jobless claims at 10-month high as labor market eases; inflation cooling
Business|Economy|Finance|Stock Markets|US

Wall Street notches record closing highs on cooler inflation data

The Nasdaq and the S&P 500 recorded their fourth consecutive record closing highs on Thursday and U.S.

Wall Street notches record closing highs on cooler inflation data
Business|Economy|Finance|Stock Markets|US

US equity funds saw largest weekly outflow in 18 months ahead of Fed decision

U.S. equity funds observed heavy outflows in the seven days through June 12 as some investors booked profits and exercised caution ahead of the Federal Reserve's policy decision.

US equity funds saw largest weekly outflow in 18 months ahead of Fed decision
Business|Economy|Finance|US

Fed's Goolsbee: 'More months' of good inflation data needed

Federal Reserve Bank of Chicago President Austan Goolsbee on Friday said he was relieved after data this week showed inflation in May had cooled, but he would still like to

Fed's Goolsbee: 'More months' of good inflation data needed
Uncategorized

NY Fed data shows neutral rate holding steady at low level

By Michael S.

NY Fed data shows neutral rate holding steady at low level
Uncategorized

Fed's Bostic flags more issues with financial disclosures

By Michael S.

Fed's Bostic flags more issues with financial disclosures
Economy|Finance|News|US

Fed's Kashkari says it's 'reasonable' to predict December rate cut

Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a "reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting

Fed's Kashkari says it's 'reasonable' to predict December rate cut
Economy|Finance|Technology|US

Fed penalizes Evolve Bank for failing to manage fintech partnership risk

The Federal Reserve announced Friday it had ordered Evolve Bancorp Inc to bolster its risk management programs around fintech partnerships as

Fed penalizes Evolve Bank for failing to manage fintech partnership risk
Business|Economy|Finance|News|US

Jobs, inflation data may break the US Treasury market out of narrow range

A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow

Jobs, inflation data may break the US Treasury market out of narrow range
Business|Economy|Finance

New York Fed says reverse repo inflows hit highest level since start of year

The quarter end saw substantial inflows into the Federal Reserve Bank of New York's reverse repo facility on Friday.

New York Fed says reverse repo inflows hit highest level since start of year
Economy|Finance|News|US

Fed's Bowman: would like US return to 'strength' in leadership as under Reagan

Federal Reserve Governor Michelle Bowman on Friday said she believes the U.S. has strayed from the style of international leadership it had under Republican President Ronald Reagan during

Fed's Bowman: would like US return to 'strength' in leadership as under Reagan
Business|Economy|Finance|News|Stock Markets|US

Fed meeting, benign inflation keep soft landing hopes alive

Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal

Fed meeting, benign inflation keep soft landing hopes alive
News

Fed gets heartening inflation data, but slow road ahead

U.S.

Fed gets heartening inflation data, but slow road ahead
Business|Economy|Finance|News|US

Instant view: US inflation cools in May; consumer spending rises moderately

U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year.

Instant view: US inflation cools in May; consumer spending rises moderately
Economy|Finance|US

Traders add to Fed rate cut bets as inflation eases

Market bets rose on Friday that the Federal Reserve will cut interest rates by September and do so again in December after a government report showed a key measure of U.S. inflation

Traders add to Fed rate cut bets as inflation eases
Economy|Finance|News|US

Federal Reserve's preferred inflation gauge shows price pressures easing further

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

Federal Reserve's preferred inflation gauge shows price pressures easing further
Economy|Finance|News|US

US inflation cools in May, boosting hopes of Fed rate cut

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing

US inflation cools in May, boosting hopes of Fed rate cut
Economy|Finance|News|US

Fed's Barkin: consumer demand solid, but not frothy

U.S. consumer demand is still solid although households are beginning to get more sensitive to prices, Richmond Fed President Thomas Barkin said on Friday.

Fed's Barkin: consumer demand solid, but not frothy
Economy|Finance|US

US consumer prices unchanged in May; bolster rate cut expectations

U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains too

US consumer prices unchanged in May; bolster rate cut expectations
Business|Economy|Finance|US

FOMC leaves rates alone but scales back 2024 easing outlook

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-

FOMC leaves rates alone but scales back 2024 easing outlook
Economy|Finance|US

Benign US inflation could support stock market laggards

Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive signal

Benign US inflation could support stock market laggards
Economy|Finance|News|Stock Markets|US

Wall Street ends lower as investors digest inflation data, presidential debate

U.S. stocks ended weaker on Friday after an early rally fizzled as investors digested in-line inflation data and weighed

Wall Street ends lower as investors digest inflation data, presidential debate
Business|Economy|Finance|News|US

Fed's Barkin says he'll 'proceed deliberately' on policy

Richmond Federal Reserve Bank President Thomas Barkin on Friday said that while he believes the U.S. central bank's interest-rate hikes to date will be enough to bring inflation down

Fed's Barkin says he'll 'proceed deliberately' on policy
Economy|Finance|MidEast|News

Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back

Oil settled higher on Wednesday as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December

Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back
Business|Economy|Finance|US

Fed policymakers see just one rate cut this year, 4 cuts in 2025

U.S. central bankers believe they’ll cut interest rates just once this year, two fewer than they thought in March as inflation approaches their 2% goal more slowly than they

Fed policymakers see just one rate cut this year, 4 cuts in 2025
Economy|Finance|US

Fed's road to rate cuts clears as inflation eases

Federal Reserve policymakers have reason to feel more confident that inflation is cooling after a U.S. government report on Wednesday showed consumer prices did not rise at

Fed's road to rate cuts clears as inflation eases
Business|Europe|Finance|Stock Markets|US

European shares gain as cool US data bolsters Fed rate cut hopes

European shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool U.S. inflation reading propped up hopes that

European shares gain as cool US data bolsters Fed rate cut hopes
Business|Finance|Stock Markets|US

Election and Fed risks loom for US stocks after strong first half of 2024

As U.S. stocks lock in a solid first half, investors are speculating whether political uncertainty, potential Federal Reserve policy shifts and big tech's

Election and Fed risks loom for US stocks after strong first half of 2024
News|Uncategorized|US

Flat US May CPI boosts confidence that Fed is reining in inflation

The U.S.

Flat US May CPI boosts confidence that Fed is reining in inflation
Business|Economy|Finance|Stock Markets|US

Can this rally fight the Fed?

A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick What a difference half a year makes. Traders started 2024 convinced that the U.S.

Can this rally fight the Fed?
US

Fed's Bowman: not ready to cut rates until clearer inflation is ebbing

U.S.

Fed's Bowman: not ready to cut rates until clearer inflation is ebbing
Business|Finance|Stock Markets|US

Nasdaq, S&P 500 post record closing highs as Apple soars

The S&P 500 and Nasdaq registered record closing highs for a second straight day on Tuesday, helped by a gain of more than 7% in Apple shares, while

Nasdaq, S&P 500 post record closing highs as Apple soars
Business|Economy|Finance|US

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

Inflation in the U.S. "appears to be narrowing" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta Fed President

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut
Business|Finance|Stock Markets|US

Wall Street closes subdued as investors sit, wait for inflation data

U.S. stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a

Wall Street closes subdued as investors sit, wait for inflation data
Americas|News|US

Shrinking Fed rate cut expectations to keep US Treasury yields elevated: Reuters poll

U.S.

Shrinking Fed rate cut expectations to keep US Treasury yields elevated: Reuters poll
Economy|Finance|US

Long-dated Treasury holdings downsized as Fed faces tough inflation choices

Bond investors, worried about persistently sticky inflation, have reduced their exposure to longer-dated U.S.

Long-dated Treasury holdings downsized as Fed faces tough inflation choices
Business|Economy|Finance|US

Big US banks withstand Fed's commercial real estate shock scenario

Big U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S.

Big US banks withstand Fed's commercial real estate shock scenario
Business|Finance|Stock Markets|US

S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead

The S&P 500 and Nasdaq eked out record closing highs on Monday, although investors were cautious ahead of this week's consumer prices report and a Federal

S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead
Europe|News

Euro tumbles as Macron calls snap French election

The euro fell on Monday after gains by the far right in European Parliament elections on Sunday prompted French President Emmanuel Macron to

Euro tumbles as Macron calls snap French election
Business|Economy|Finance|US

Oil prices up 3% to one-week high on hopes of higher summer fuel demand

Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the

Oil prices up 3% to one-week high on hopes of higher summer fuel demand
Economy|Finance|US

Fed's new economic projections may come with a dose of maybe, maybe not

Updated economic projections from Federal Reserve officials this week are expected to show fewer interest rate cuts than policymakers anticipated three

Fed's new economic projections may come with a dose of maybe, maybe not
Economy|Finance|News|US

NY Fed survey finds mixed views on future path of inflation in May

The U.S. public’s outlook on the future path of inflation was mixed in May, according to a report on Monday from the Federal Reserve Bank of New York.

NY Fed survey finds mixed views on future path of inflation in May
News|US

Fed's Bowman: inflation will decline with policy rate held steady

U.S.

Fed's Bowman: inflation will decline with policy rate held steady
Uncategorized

Fed's Cook: 'At some point' it will be time to cut interest rates

By Michael S.

Fed's Cook: 'At some point' it will be time to cut interest rates
Economy|Finance|Stock Markets|US

Inflation, Fed meeting to give clues for US market direction

Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record

Inflation, Fed meeting to give clues for US market direction
Business|Economy|Finance|News|Stock Markets|US

US household wealth hit another record in first quarter, Fed data shows

U.S. household wealth rose to a record of more than $160 trillion in the first three months of 2024 thanks to the stock market's record run and gains in real estate, Federal Reserve data

US household wealth hit another record in first quarter, Fed data shows
Business|Economy|Finance|US

Oil dips on deflated US interest rate cut expectations, OPEC+ decision

Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest U.S. jobs data that lowered

Oil dips on deflated US interest rate cut expectations, OPEC+ decision
Business|Economy|Finance|News|Stock Markets|US

Wall Street stocks close slightly lower; jobs data strong but rates still high

Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries

Wall Street stocks close slightly lower; jobs data strong but rates still high
Economy|Finance|News|US

Which way to look first?

U.S. Federal Reserve and Bank of Japan meetings, a G7 gathering, plus key U.S. inflation and UK jobs data are all coming up in the week ahead - and that's not all.

Which way to look first?
News|US

Fed's Bowman: need steady policy rate 'for some time' to beat inflation

U.S.

Fed's Bowman: need steady policy rate 'for some time' to beat inflation
Business|Economy|Finance|Stock Markets

Traders question case for rapid ECB rate cuts

Traders scaled back bets that the

Traders question case for rapid ECB rate cuts
Business|Economy|News|US

"Eye-popping" May US payrolls jump may set back Fed ease

U.S. job growth accelerated far more than expected in May, keeping the Federal Reserve on track to hold off starting to cut interest rates.

"Eye-popping" May US payrolls jump may set back Fed ease
Economy|Finance|Stock Markets|US

US bond funds gain robust weekly inflow as yields ease

U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of

US bond funds gain robust weekly inflow as yields ease
Economy|Finance|US

Fed seen waiting to cut rates as job growth picks up

A U.S. job market scorecard that exceeded all forecasts has undercut confidence over when, or even if, the Federal Reserve will begin easing policy this year, putting the

Fed seen waiting to cut rates as job growth picks up
Business|Economy|News|US

US job gains surge past expectations, wage growth quickens

The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labor market and reducing the

US job gains surge past expectations, wage growth quickens
Business|Economy|Finance|US

US dollar advances after hawkish Fed comment, economic data

The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the

US dollar advances after hawkish Fed comment, economic data
Economy|Finance|US

Oil prices dip as investors fret over demand outlook

Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S.

Oil prices dip as investors fret over demand outlook
Economy|News|US

Yellen announces efforts to boost the housing supply as high prices create a crunch

The Biden administration announced new steps to increase access to affordable housing

Yellen announces efforts to boost the housing supply as high prices create a crunch
Business|Economy|Finance|US

US productivity growth slowed in early 2024

U.S. worker productivity grew slightly less than previously estimated in the first quarter but exceeded market expectations, and unit labor costs rose by less than first thought, data from

US productivity growth slowed in early 2024
Business|Economy|Finance|US

Dollar flat ahead of US jobs report, euro digests ECB cut

The dollar traded sideways on Thursday ahead of Friday's U.S. employment data that could help the Federal Reserve set a

Dollar flat ahead of US jobs report, euro digests ECB cut
Business|Economy|Finance|Stock Markets|US

S&P 500, Nasdaq close at record highs as data supports Fed easing

The S&P 500 and Nasdaq indexes hit record closing highs on Wednesday, powered mainly by technology stocks as markets digested economic data that could support a

S&P 500, Nasdaq close at record highs as data supports Fed easing
Uncategorized

NY Fed official tells bond market to get ready for central clearing

By Michael S.

NY Fed official tells bond market to get ready for central clearing
Business|Economy|Finance|US

Oil rises 1% as Fed rate cut optimism offsets demand fears

Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S.

Oil rises 1% as Fed rate cut optimism offsets demand fears
Business|Economy|Finance|Stock Markets|US

US equity funds witness outflows for second successive week

U.S. investors shed equity funds for a second successive week in the seven days to June 19, exercising caution as they evaluated the Federal Reserve's hawkish signals and ongoing political

US equity funds witness outflows for second successive week
Business|Economy|Finance|Stock Markets

Global equity funds see outflows for second week in a row

Global equity funds faced outflows for the second straight week in the week ending June 19, with investors cashing in on a share rally amid concerns that the Fed might cut rates only once

Global equity funds see outflows for second week in a row
Business|Finance|Stock Markets|US

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again

U.S. stocks coasted to the close of their latest winning week, as Nvidia’s stock continued to cool from its startling, supernova run

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again
Business|Economy|Europe|Finance

Rate cut wagers fire up (again)

A look at the day ahead in European and global markets from Ankur Banerjee: A softening labour market and a cooling economy have traders perking up with expectations of a September rate cut from the

Rate cut wagers fire up (again)
US

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll

The U.S.

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
Business|Finance|US

US regulators reject Citi's 'living will' resolution plan, FT reports

U.S. banking regulators rejected Citigroup's so-called "living will", which is a detailed plan to wind itself down in the event of catastrophic failure, The Financial Times reported on

US regulators reject Citi's 'living will' resolution plan, FT reports
Business|Economy|Finance|US

Wall Street stocks end slightly higher as weak jobs data supports rate cut

U.S. stocks ended a shade higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal

Wall Street stocks end slightly higher as weak jobs data supports rate cut
Business|Economy|Finance

Average long-term US mortgage rate falls again, easing to lowest level since early April

Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April

Average long-term US mortgage rate falls again, easing to lowest level since early April
Business|Economy|News|US

US job openings drop in April, as labor market normalizes

U.S. job openings fell more than expected in April, pushing the number of available jobs per job-seeker to its lowest in nearly three years as labor market conditions soften

US job openings drop in April, as labor market normalizes
Business|Economy|News

US labor market, housing data point to slowing economy

First-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest

US labor market, housing data point to slowing economy
Economy|Finance|US

US dollar sinks to three-week low on signs of slowing economy

The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on

US dollar sinks to three-week low on signs of slowing economy
Economy|Finance|US

Fed's Musalem signals wary approach to cutting rates in debut speech

The U.S. central bank should only start to cut interest rates after "months, and more likely quarters" of falling inflation, moderating demand and expanding supply, St.

Fed's Musalem signals wary approach to cutting rates in debut speech
Business|Economy|Finance|News

US inflation up moderately in April, consumer spending weakens

U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central

US inflation up moderately in April, consumer spending weakens
Business|Economy|Finance|US

Dollar set for first monthly drop after US inflation readout

The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering

Dollar set for first monthly drop after US inflation readout
Business|Economy|Finance|US

Price cuts, weaker spending could bolster Fed's faith in inflation outlook

Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve's confidence in falling inflation and

Price cuts, weaker spending could bolster Fed's faith in inflation outlook
Economy|Finance|News|US

Fed seen more likely to cut rates in Sept after PCE data

The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S.

Fed seen more likely to cut rates in Sept after PCE data
Economy|Europe|Finance|Stock Markets|US

European shares rise after US inflation data keeps Fed rate cut hopes alive

European shares rose on Friday after softer U.S. inflation data spurred hopes of interest rates cuts by the Federal Reserve, while June rate cut bets

European shares rise after US inflation data keeps Fed rate cut hopes alive
Business|Economy|Finance|Stock Markets|US

PCE test for nervy markets

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set to end the shortened week slightly punch drunk, with Friday's May inflation update set to be a decider after a

PCE test for nervy markets
Economy|Finance|Stock Markets|US

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve

US equity funds hit by outflows on rising yields, rates uncertainty
Uncategorized

Fed officials see inflation falling, signal no rush to cut rates

By Ann Saphir and Michael S.

Fed officials see inflation falling, signal no rush to cut rates
Business|Economy|Finance|News|US

Fed's Logan: inflation heading to 2%, too soon to cut rates

Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed's 2% target, although she can imagine "other paths" that

Fed's Logan: inflation heading to 2%, too soon to cut rates
News|US

Fed's Goolsbee says inflation could still fall without rising unemployment

U.S.

Fed's Goolsbee says inflation could still fall without rising unemployment
Economy|Finance|News|US

Consumers curb US economic growth in first quarter, inflation cools

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending and a key measure of inflation ticked down

Consumers curb US economic growth in first quarter, inflation cools
Economy|Finance|News|US

US firms grow more pessimistic on economic outlook, Fed survey shows

U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation

US firms grow more pessimistic on economic outlook, Fed survey shows
Business|Economy|News|US

US weekly jobless claims edge up in latest week

The number of Americans filing new claims for unemployment benefits ticked higher last week, but underlying strength in the labor market still shows signs of persisting and should continue

US weekly jobless claims edge up in latest week