Millions have had student loans canceled under Biden — despite the collapse of his forgiveness plan
Security guard dies from shooting at McDonald's, police say
US sees possible Gaza deal this week, Sullivan tells Bloomberg
Argentina's inflation expected to have accelerated 2.7% in December
Russian central bank dismisses retail deposit freeze rumours
DeSantis calls special session to implement Trump's immigration policies
Wizz Air CEO sees Pratt & Whitney engine woes lasting 4-5 years
Hoda Kotb celebrates turning off her early morning alarms
Melania Trump says she's packed and ready for the move back into the White House
Business|Economy|Finance|News
Mortgage rates plunge to lowest level in more than a year
Mortgage rates plunge to lowest level in more than a year
August 08, 2024Federal Reserve
Business|Economy|News|US
US weekly jobless claims fall more than expected in latest week
The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting fears the labor market is unraveling were overblown and the gradual
August 08, 2024
Business|Economy|Finance|Stock Markets|US
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its
August 08, 2024
News|Uncategorized|US
Yields rise after weak 10-year auction, heavy corporate supply
U.S.
August 07, 2024
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
August 07, 2024
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
August 07, 2024
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.
August 07, 2024
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
August 06, 2024
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
August 06, 2024
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
August 06, 2024
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
August 06, 2024
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
August 06, 2024
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
August 05, 2024
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.
August 05, 2024
News|US
US bond rally overdone but Fed should have cut rates in July, BlackRock manager says
A recent U.S.
August 05, 2024
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,
August 05, 2024
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.
August 05, 2024
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.
August 05, 2024
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
August 05, 2024
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.
August 05, 2024
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.
August 05, 2024
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
August 05, 2024
Economy|Finance|News|US
Key US bond yield curve turns positive on recession fears
A closely watched part of the U.S.
August 05, 2024
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
August 04, 2024
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.
August 04, 2024
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
August 03, 2024
Uncategorized
Fed's Barkin tells PBS program he won't prejudge what to do at next meeting
By Michael S.
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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
August 02, 2024
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.
August 02, 2024
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
August 01, 2024
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
August 01, 2024
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
August 01, 2024
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
August 01, 2024
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
August 01, 2024
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.
August 01, 2024
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
August 01, 2024
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
August 01, 2024
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
August 01, 2024
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
August 01, 2024
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
August 01, 2024
Asia|Finance
Extraordinary rally rips through all markets
A look at the day ahead in Asian markets.
July 31, 2024
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.
July 31, 2024
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
July 31, 2024
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
July 31, 2024
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.
July 31, 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
July 31, 2024
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
July 31, 2024
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
July 31, 2024
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
July 31, 2024
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
July 31, 2024
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
July 31, 2024
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
July 31, 2024
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.
July 31, 2024
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
July 30, 2024
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
July 30, 2024
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
July 30, 2024
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
July 30, 2024
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
July 30, 2024
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.
July 30, 2024
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,
July 30, 2024
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
July 30, 2024
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
July 30, 2024
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.
July 29, 2024
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
July 29, 2024
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
July 29, 2024
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.
July 29, 2024
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.
July 29, 2024
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
July 29, 2024
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
July 28, 2024
Asia|Economy|Finance|News
Hoping for calm, bracing for more volatility
A look at the day ahead in Asian markets.
July 28, 2024
Business|Economy|Finance
Smart moves to make when the Fed starts cutting rates
Smart moves to make when the Fed starts cutting rates
July 27, 2024
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
July 26, 2024
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
July 26, 2024
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
July 26, 2024
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
July 26, 2024
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
July 26, 2024
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
July 26, 2024
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
July 26, 2024
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.
July 26, 2024
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
July 26, 2024
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
July 25, 2024
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
July 25, 2024
Uncategorized
In a Trump win, economists see revived inflation and a more wary Fed
By Michael S.
July 25, 2024
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
July 24, 2024
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
July 23, 2024
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
July 23, 2024
Business|Economy|News
The worst may be over for homebuyers
The worst may be over for homebuyers
July 23, 2024
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
July 22, 2024
News|US
US Fed fines Green Dot $44 million for numerous unfair and deceptive practices
The U.S.
July 19, 2024
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
July 19, 2024
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
July 19, 2024
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
July 19, 2024
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
July 19, 2024
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
July 18, 2024
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.
July 18, 2024
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
July 18, 2024
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
July 18, 2024
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
July 18, 2024
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.
July 18, 2024
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
July 18, 2024
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
July 17, 2024
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
July 17, 2024
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
July 17, 2024
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
July 17, 2024
Uncategorized
Fed's Waller says timing of interest rate cut 'drawing closer'
By Michael S.
July 17, 2024
US
Top Fed officials say they are 'closer' to cutting interest rates
By Howard Schneider and Michael S.
July 17, 2024
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
July 16, 2024
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
July 16, 2024
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,
July 16, 2024
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
July 16, 2024
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
July 16, 2024
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
July 16, 2024
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
July 16, 2024
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
July 16, 2024
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
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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.
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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
July 15, 2024
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.
July 15, 2024
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
July 14, 2024
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.
July 14, 2024
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
July 12, 2024
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.
July 12, 2024
Business|Economy|Finance|News
Unexpected bad news for inflation: Wholesale prices rose in June
Unexpected bad news for inflation: Wholesale prices rose in June
July 12, 2024
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
July 12, 2024
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
July 12, 2024
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
July 12, 2024
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
July 12, 2024
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
July 12, 2024
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
July 11, 2024
Business|Economy|Finance
Fed's Musalem says cooler CPI data is 'encouraging'
Federal Reserve Bank of St.
July 11, 2024
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
July 11, 2024
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
July 11, 2024
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
July 11, 2024
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.
July 11, 2024
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
July 11, 2024
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
July 11, 2024
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
July 11, 2024
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
July 11, 2024
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
July 11, 2024
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
July 10, 2024
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.
July 10, 2024
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.
July 10, 2024
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
July 10, 2024
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
July 10, 2024
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
July 10, 2024
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
July 10, 2024
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
July 10, 2024
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
July 10, 2024
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?
July 09, 2024
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,
July 09, 2024
Uncategorized
Fed's Powell defends central bank independence as challenges loom
By Michael S.
July 09, 2024
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
July 09, 2024
Economy|Finance|News|US
INSTANT VIEW-Fed's Powell: "More good data" will "strengthen" case for rate cut
Inflation "remains above" the U.S.
July 09, 2024
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
July 09, 2024
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.
July 09, 2024
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
July 09, 2024
News|US
Fed considers rule tweak that could save biggest US banks billions in capital
The U.S.
July 09, 2024
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
July 09, 2024
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.
July 09, 2024
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
July 09, 2024
Asia|Business|Economy|Finance
All eyes on Powell
A look at the day ahead in Asian markets.
July 08, 2024
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
July 08, 2024
Uncategorized
NY Fed finds moderating near-term inflation expectations in June
By Michael S.
July 08, 2024
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
July 08, 2024
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
July 05, 2024
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,
July 05, 2024
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
July 05, 2024
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
July 05, 2024
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.
July 05, 2024
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
July 05, 2024
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
July 05, 2024
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
July 05, 2024
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,
July 05, 2024
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
July 04, 2024
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
July 04, 2024
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
July 04, 2024
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
July 03, 2024
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
July 03, 2024
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
July 03, 2024
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
July 03, 2024
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
July 03, 2024
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
July 03, 2024
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
July 03, 2024
Uncategorized
Fed's Mester: Mortgage bond sales should remain option for Fed
By Michael S.
July 03, 2024
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).
July 03, 2024
Uncategorized
Fed's Goolsbee still looking for data inflation is cooling - CNBC
By Michael S.
July 03, 2024
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
July 03, 2024
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,
July 03, 2024
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
July 03, 2024
US
Fed's Goolsbee sees risk of 'error in view that low inflation needs high unemployment
The U.S.
July 02, 2024
Uncategorized
Fed's Williams says central bank may be done with rate rises
By Michael S.
July 02, 2024
US
Fed's Powell: Economy still working through the impact of the pandemic
By Howard Schneider YORK, Pa.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
News|US
Fed's Powell: "Not confident" policy is tight enough, supply-side help may be finished
U.S.
July 02, 2024
Economy
Fed officials find a bit of Zen on way to next policy decision
By Ann Saphir and Michael S.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
News|US
Yellen says US economy does not need drastic tightening, 'soft landing' on track
U.S.
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
Uncategorized
Fed's Barkin: Wants more confidence on inflation before favoring rate cuts
(Adds dropped words in headline) By Michael S.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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,
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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,
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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-
July 02, 2024
Business|Economy|Finance|US
Fed to start rate cuts in June; risk fewer delivered this year- Reuters poll
The U.S.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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
July 02, 2024
Uncategorized
Fed bank oversight powers grow more uncertain in wake of court action
By Michael S.
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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
July 02, 2024
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.
July 02, 2024
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,
July 02, 2024
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
July 01, 2024
Uncategorized
Fed's Williams: Remains confident Fed getting inflation back to 2%
By Michael S.
July 01, 2024
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
July 01, 2024
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.
July 01, 2024
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
July 01, 2024
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
July 01, 2024
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
July 01, 2024
News|US
Supreme Court 'swipe fees' ruling may open US regulations to more suits
The U.S.
July 01, 2024
Uncategorized
Fed's policy patience warranted amid still-high inflation, Collins says
By Michael S.
July 01, 2024
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
June 29, 2024
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.
June 28, 2024
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.
June 28, 2024
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
June 28, 2024
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.
June 28, 2024
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.
June 28, 2024
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.
June 28, 2024
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
June 28, 2024
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.
June 28, 2024
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.
June 28, 2024
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
June 28, 2024
Uncategorized
NY Fed data shows neutral rate holding steady at low level
By Michael S.
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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.
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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.
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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.
June 28, 2024
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
June 28, 2024
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-
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
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
June 28, 2024
News|Uncategorized|US
Flat US May CPI boosts confidence that Fed is reining in inflation
The U.S.
June 28, 2024
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.
June 27, 2024
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
June 27, 2024
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
June 27, 2024
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
June 27, 2024
Americas|News|US
Shrinking Fed rate cut expectations to keep US Treasury yields elevated: Reuters poll
U.S.
June 27, 2024
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.
June 27, 2024
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.
June 26, 2024
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
June 26, 2024
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
June 26, 2024
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
June 26, 2024
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
June 26, 2024
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.
June 26, 2024
Uncategorized
Fed's Cook: 'At some point' it will be time to cut interest rates
By Michael S.
June 25, 2024
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
June 25, 2024
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
June 25, 2024
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
June 25, 2024
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
June 25, 2024
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.
June 25, 2024
Business|Economy|Finance|Stock Markets
Traders question case for rapid ECB rate cuts
Traders scaled back bets that the
June 25, 2024
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.
June 25, 2024
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
June 25, 2024
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
June 25, 2024
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
June 25, 2024
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
June 24, 2024
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.
June 24, 2024
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
June 24, 2024
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
June 24, 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
June 24, 2024
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
June 23, 2024
Uncategorized
NY Fed official tells bond market to get ready for central clearing
By Michael S.
June 22, 2024
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.
June 21, 2024
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
June 21, 2024
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
June 21, 2024
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
June 21, 2024
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
June 21, 2024
US
Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
The U.S.
June 21, 2024
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
June 20, 2024
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
June 20, 2024
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
June 20, 2024
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
June 20, 2024
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
June 20, 2024
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
June 20, 2024
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.
June 18, 2024
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
June 18, 2024
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
June 18, 2024
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
June 18, 2024
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.
June 18, 2024
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
June 17, 2024
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
June 17, 2024
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
June 17, 2024
Uncategorized
Fed officials see inflation falling, signal no rush to cut rates
By Ann Saphir and Michael S.
June 17, 2024
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
June 17, 2024
News|US
Fed's Goolsbee says inflation could still fall without rising unemployment
U.S.
June 15, 2024
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
June 15, 2024
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
June 14, 2024
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
June 14, 2024
Economy|Finance|News|US
Mortgage rates ease for second straight week, leaving average rate on a 30-year home loan at 6.95%
Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year
June 13, 2024
Business|Economy|Finance|US
The number of Americans filing for jobless benefits jumps to the highest level in 10 months
The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates
June 13, 2024
Economy|Finance|US
US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates
June 13, 2024
Business|Economy|Finance|US
Gold rises on softer dollar as focus shifts to US inflation data
Gold prices gained on Tuesday, helped by a weaker dollar as investors look forward to U.S. inflation data due later this week for more clarity on interest rate cut timings
June 13, 2024
Economy|Finance|US
Dollar rebounds as yields rise, consumer confidence improves
The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions.
June 13, 2024
Business|Economy|Finance|News|Stock Markets|US
Fed in a bind as consumers stay upbeat
A look at the day ahead in U.S. and global markets from Mike Dolan World markets wobbled on Tuesday, with benchmark bond yields and volatility gauges jumping to their highest in almost four weeks, as
June 12, 2024
Business|Finance|Stock Markets|US
Wall St drops as rate worries push bond yields higher
Wall Street opened lower on Wednesday, with investors turning risk averse as concerns around the timing and scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher
June 12, 2024
Business|Economy|Finance
Inflation is cooling, but not fast enough for the Fed: Policymakers now expect only one rate cut in 2024
The Federal Reserve is being characteristically cautious.
June 12, 2024
Business|Economy|Finance|News|US
Fed's Bowman: Would have backed waiting to taper balance sheet run-off
Federal Reserve Governor Michelle Bowman on Tuesday said she would have supported either waiting to start slowing the run-off in the U.S. central bank's balance sheet or a more moderate
June 12, 2024
Business|Economy|Finance
Fed's Mester: Fed statements would benefit from some added length
Federal Reserve policy statements would benefit from somewhat lengthier passages than currently employed to describe assessments of economic developments, how that influences the central
June 12, 2024
Economy|Finance|US
Fed's Kashkari wants significant progress on inflation before rate cuts
Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that the U.S. central bank should wait for significant progress on inflation
June 12, 2024
Business|Finance|Stock Markets|US
Post-break Wall Street stays pumped up
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks set for a sleepy but positive start to a shortened week after Monday's Memorial Day break, with the consumer back
June 12, 2024
Asia|Business|Economy|Finance
Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat
Asian shares are mostly higher as investors turned their attention to what the Bank of Japan might decide on monetary policy later this week
June 12, 2024
Economy|Finance|News|US
US inflation cooled in May in a sign that price pressures may be easing
Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed
June 11, 2024
Economy|Finance|News
Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year
June 11, 2024
Finance|News|Stock Markets|US
Stocks rebound to close higher but Dow down for the week
U.S. stocks rebounded on Friday from sharp losses the day before on news of an improving consumer outlook on inflation, sending the Nasdaq to a fifth straight
June 11, 2024
Asia|Business|Economy|Finance
Stock market today: Asian shares are mostly lower ahead of Fed decision on interest rates
Shares are mostly lower in Asia ahead of a decision by the Federal Reserve on interest rates
June 11, 2024
Economy|Finance|News|Stock Markets|US
Inflation data, presidential debate could sink summer rally
The typical summer slowdown in U.S. stock markets may be more pronounced this year with inflation jitters and an early presidential debate that have the potential
June 10, 2024
Business|Economy|Finance|US
Central bankers should acknowledge blind spots in a less certain world, Fed's Mester says
In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the
June 10, 2024
Uncategorized
Fed's Waller ponders future path of underlying interest rates
By Michael S.
June 10, 2024
Asia|Business|Economy|Finance|News|Stock Markets|US
Stock market today: Asian stocks are mixed ahead of this week's Fed meeting
Asian stocks are mixed ahead of a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve
June 10, 2024
Economy|Finance|News|US
Fed's Bostic says U.S. not past 'worry point' for inflation
The Federal Reserve may need to wait longer to cut interest rates because even with April's slightly cooler inflation reading there is continued upward pressure on prices, Atlanta Fed
June 09, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Stocks fall despite Nvidia boost as inflation concerns weigh
U.S. stocks ended lower on Thursday, even as a strong revenue forecast for Nvidia fueled a surge in its shares, but that was overshadowed by economic data
June 09, 2024
Business|Economy|Finance|News|US
US weekly jobless claims fall further as labor market remains strong
The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to
June 07, 2024
Economy|Finance|News
Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report
Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected
June 07, 2024
Business|Economy|Finance|News|US
Amid doubts, Fed officials kept disinflation faith at last meeting
Federal Reserve officials at their last policy meeting said they still had faith that price pressures would ease at least slowly in coming months, but doubts emerged
June 07, 2024
Business|Finance|Stock Markets|Technology|US
Stocks fall after Fed minutes; Nvidia shares climb after the bell
U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve's most recent meeting but Nvidia's shares rose about 6% after the close on
June 07, 2024
Economy|Finance|US
US Biden administration says it supports an independent Fed
The Biden administration asserted its support for an independent Federal Reserve on Wednesday, after a report surfaced last month that Republican presidential candidate
June 07, 2024
Business|Economy|Finance|US
Goldman Sachs CEO says Fed unlikely to cut rates this year
Goldman Sachs CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates this year.
June 06, 2024
Uncategorized
Not all Fed officials favored tapering of balance sheet contraction process
By Michael S.
June 06, 2024
Business|Economy|Finance|News|US
Fed shifts talk to 'scenarios' as policy grows less certain
Federal Reserve Chair Jerome Powell said in a May 1 press conference he didn't want to talk about economic "hypotheticals," but that's what he and other U.S.
June 06, 2024
Business|Finance|News|Stock Markets|US
S&P 500 to end 2024 around current levels after strong run: Reuters poll
The Standard & Poor's 500 will end the year near current levels, but strong stock market gains so far in 2024 have some strategists saying the index is at
June 06, 2024
Business|Economy|Europe|Finance|Stock Markets|US|World
Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors
June 06, 2024
Business|Economy|Finance|Stock Markets|US
Stocks end slightly higher after Fed comments, ahead of Nvidia
U.S. stocks closed with slight gains on Tuesday, sending the S&P 500 and Nasdaq to record levels, as investors assessed the latest comments from Federal
June 05, 2024
Business|Europe|Finance
Nvidia vigil almost over
A look at the day ahead in European and global markets from Kevin Buckland Two of the biggest events of this week are almost upon us, as Wednesday brings an end to the drawn-out two-day news vacuum
June 05, 2024
Economy|Finance|News|US
US households still feel pinched by inflation, Fed survey says
U.S. households continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the Federal Reserve reported on Tuesday, with most Americans saying their financial
June 05, 2024
Business|Economy|Finance|News|Stock Markets|US|World
Calm markets hover near highs, metals step back
A look at the day ahead in U.S. and global markets from Mike Dolan Partly due to the absence of top-tier economic news this week, world markets have found a relatively calm plateau with stocks near
June 05, 2024
Business|Economy|Europe|Finance|Stock Markets
News vacuum sucks momentum from markets
A look at the day ahead in European and global markets from Kevin Buckland Stock market momentum is waning as a dearth of fresh economic clues sees the feverish punting over the pace of Federal
June 05, 2024
Finance|Stock Markets|Technology
Nasdaq hits record, S&P ticks higher with Nvidia results eyed
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and
June 04, 2024
Business|Economy|Finance|US
Fed's Barr says regulators considering 'adjustments' to liquidity rules
U.S. bank regulators are reconsidering how much liquidity banks should be required to have on hand following a series of abrupt bank failures in 2023, the
June 04, 2024
Economy|Finance|News|US
New supply chain pressure metric shows improvement has stalled, says NY Fed
A new set of supply availability indexes show that improvement in firms' access to inputs hit a wall over the past couple of months, the Federal Reserve Bank of New York said on Monday.
June 04, 2024
Business|Economy|Finance|News|US
US regulators reconsider capital hike for big banks, WSJ reports
The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country's biggest banks
June 04, 2024
Business|Economy|Finance|US
Dollar mostly flat as market mulls inflation outlook
The dollar retreated against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve
June 03, 2024
Business|Economy|Finance|US
NY Fed announces launch of new supply chain pressure metrics
The Federal Reserve Bank of New York is bolstering its data offerings tracking the state of supply chains.
June 03, 2024
Business|Economy|Finance|Stock Markets
Weaker loonie may not deter Bank of Canada diverging from the Fed
The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger
June 03, 2024
Economy|Health|News|US
Fed Chair Powell tests positive for COVID-19, working from home
Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working from home, a Fed spokesperson said in an emailed statement.
June 03, 2024
Economy|Europe|Finance
Markets ponders rate path, shares listless
A look at the day ahead in European and global markets from Ankur Banerjee The cold harsh reality of the Federal Reserve likely keeping interest rates higher for longer to combat inflation has put a
June 02, 2024
Asia|Economy|Finance|US
Foreigners sold Asian bonds in April amid firm dollar, Fed uncertainty
Foreign investors were net sellers of Asian bonds for a second straight month in April as a strong U.S. dollar and uncertainties around the Federal Reserve's interest rate cuts dampened
June 02, 2024
Economy|News|US
Fed remains cautious on cuts even as data improves
Data this week offered the U.S.
June 01, 2024
Economy|Finance|News|US
Dollar rebounds on high US import prices
The dollar rose on Thursday after data showed U.S. import prices increased 0.9% last month, a jump that raised concerns the Federal
June 01, 2024
Economy|Finance|News|US
IMF says US inflation data 'higher than we would like'
The International Monetary Fund on Thursday views recent U.S. inflation data as "overall higher than we would like to see" and is urging the Federal Reserve to stay cautious and
May 31, 2024
Business|Economy|Finance|US
Major brokerages retain US rate-cut view after soft inflation data
Top global brokerages have retained their expectations for when the U.S.
May 31, 2024
Economy|Finance|News|US
An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year
May 31, 2024
Uncategorized
Fed's Williams welcomes inflation data, not ready to seek rate cuts
By Michael S.
May 31, 2024
Business|Economy|Finance|News|US
Transcript of interview with New York Fed's Williams
Federal Reserve Bank of New York President John Williams was interviewed by Reuters on Wednesday.
May 31, 2024
Business|Economy|Finance|Stock Markets|US
New highs hold as disinflation resumes, US cools
A look at the day ahead in U.S. and global markets from Mike Dolan World stocks notched new records and the dollar nursed its worst day of the year as fears of an overheating U.S. economy dissipate -
May 31, 2024
Business|Economy|Finance|US
Kansas City Fed sets Jackson Hole conference dates Aug 22-24
The Federal Reserve Bank of Kansas City on Wednesday said its annual central banking conference in Jackson Hole, Wyoming, will take place from Aug. 22-24.
May 30, 2024
Economy|Finance|News
Fed gets some good news on inflation progress
Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some encouraging data on Wednesday with a government report
May 30, 2024
Business|Economy|Finance|News|US
Dollar swoons after data suggests rate cut in September
The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter,
May 30, 2024
Business|Economy|Finance|News|US
US consumer inflation resumes downward trend as domestic demand cools
U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost
May 30, 2024
Business|Economy|Finance|US
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate
May 30, 2024
Business|Economy|Finance|US
Fed's Schmid says he is prepared to be patient on policy
Inflation is still too high, and the U.S. central bank has more work to do to bring it down, Kansas City Federal Reserve Bank President Jeffrey Schmid said on Tuesday, a signal that he
May 30, 2024
Business|Finance|Stock Markets|US
New stock records jump the CPI gun
A look at the day ahead in U.S. and global markets from Mike Dolan Markets seem to have got bored waiting for today's big U.S. inflation print and stocks zoomed to new records in advance, taking
May 30, 2024
Business|Economy|Finance|Stock Markets|US
Nasdaq hits record close after Powell reassures investors, CPI in focus
The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured
May 29, 2024
Business|Economy|Finance|News|US
Powell: Very strong support in Congress for an independent Fed
Federal Reserve Chair Jerome Powell said on Tuesday support for U.S. central bank independence remains "very strong" in Congress, pushing back on concerns surfaced in recent news
May 29, 2024
Business|Economy|Finance|US
NY Fed report warns discount window stigma may never go away
The Federal Reserve needs to rethink how it provides swift liquidity to banks, a report from the Federal Reserve Bank of New York said on Monday.
May 29, 2024
Business|Finance|Stock Markets|US
Cleveland Fed names former Goldman Sachs executive Beth Hammack to succeed Mester as president
The Cleveland branch of the Federal Reserve says that Beth Hammack, an executive at investment bank Goldman Sachs, would be its next president effective Aug. 21
May 29, 2024
Economy|Finance|US
Hopes for 'soft landing' at stake as investors await US inflation data
Investors’ newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that
May 29, 2024
Economy|Finance|Stock Markets|US
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation
May 29, 2024
Business|Economy|Finance|US
Waning Fed rate cut bets boost US Treasury yield forecasts: Reuters poll
Bond strategists upgraded their U.S.
May 29, 2024
Economy|Finance|News|Stock Markets|US
Traders pare bets on Sept start to Fed rate cuts
Traders on Tuesday pared bets the Federal Reserve will deliver a first interest-rate cut in September after a government report showed wholesale prices rose more than expected in April.
May 29, 2024
Economy|Finance|News|US
Fed's Powell: PPI 'mixed,' next move unlikely to be a rate hike
Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more "mixed" than "hot" given that prior data was revised lower even as the
May 29, 2024
Business|Economy|Finance|US
Corporate greed not to blame for price pressures, Fed study shows
Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.
May 28, 2024
Economy|Finance|News
Gold dips as traders await US inflation data for Fed rate cut cues
Gold prices fell 1% on Monday on profit-taking, as investors looked forward to key inflation figures this week for clues on the U.S. interest rate cuts this year.
May 28, 2024
Business|Economy|Finance|News|Stock Markets
S&P 500 barely changes as investors hold tight ahead of inflation data
The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and
May 28, 2024
News|US
Fed to cut rates in September, say nearly two-thirds of economists: Reuters poll
The U.S.
May 28, 2024
Uncategorized
NY Fed survey finds general expectations of higher inflation
By Michael S.
May 28, 2024
Business|Economy|Finance|News|Stock Markets|US
Wall Street closes up, another weekly gain ahead of inflation data
U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and
May 27, 2024
Business|Economy|Finance|US
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Oil prices fell by nearly $1 a barrel on Friday as comments from U.S. central bank officials indicated higher-for-longer interest rates, which could hinder demand
May 27, 2024
Business|Economy|Finance|US
Fed officials mull whether rates high enough as inflation expectations jump
Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a
May 26, 2024
Business|Economy|Finance|US
Fed's Goolsbee says US interest rates are 'relatively restrictive'
Chicago Federal Reserve President Austan Goolsbee on Friday said he believes U.S. monetary policy is "relatively restrictive," meaning that borrowing costs are putting downward pressure on
May 26, 2024
Business|Economy|Finance|US
Dollar up slightly after consumer sentiment data, CPI eyed
The dollar inched higher on Friday following a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve
May 26, 2024
Economy|Finance|News|US
US monetary policy may not be tight enough, Fed's Logan says
Dallas Federal Reserve President Lorie Logan on Friday said it's not clear if monetary policy is tight enough to bring inflation down to the U.S.
May 26, 2024
Business|Economy|Finance|US
Fed's Bostic says economy likely slowing, though rate-cut timing uncertain
The U.S. central bank likely remains on track to cut interest rates this year even if the timing and extent of the policy easing is uncertain and further
May 25, 2024
Business|Economy|Finance|US
Fed's Daly says disinflation still happening, but sees 'considerable' uncertainty
There is "considerable" uncertainty about where U.S. inflation will head in coming months, San Francisco Federal Reserve President Mary Daly said on
May 24, 2024
Business|Economy|Europe|Finance
Europe's rush for rate cuts shifts global market power away from US
The Bank of England has sent a new signal that borrowing costs will fall earlier and further across Europe than in the United States, setting
May 24, 2024
Business|Economy|Finance|Stock Markets|US
Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses
U.S. stocks rose in a bounce back from Wall Street’s worst day since April
May 24, 2024
Economy|Finance|News|US
US weekly jobless claims highest in more than eight months as labor market eases
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that
May 24, 2024
Economy|News|US
Fed's communications style scores well with analysts but not public
Through a tumultuous period of high inflation, aggressive interest rate hikes, and global instability, the U.S.
May 23, 2024
Uncategorized
NY Fed's Perli offers guideposts to measure market liquidity levels
By Michael S.
May 23, 2024
Business|Economy|Finance|US
Long-term mortgage rates ease for third straight week, dipping to just below 7%
The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties
May 23, 2024
Business|Economy|News|US
US applications for jobless benefits fall as labor market continues to thrive
The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low levels
May 23, 2024
Business|Europe|Finance|Stock Markets|US
Morning bid: Stocks buoyant as Sweden cuts, oil skids
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses
May 22, 2024
Uncategorized
Fed's Collins says economy may need to weaken to get 2% inflation
By Michael S.
May 22, 2024
Business|Economy|Finance|US
Fed's Cook says households, banks, firms largely in solid financial shape
U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb
May 22, 2024
Business|Economy|Finance|US
PIMCO adds bond exposure outside the US on inflation risks
U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the
May 22, 2024
Business|Economy|Europe|Finance|News|US
Pondering the path of Fed policy
A look at the day ahead in European and global markets from Kevin Buckland The Federal Reserve and the enigmatic path of U.S. interest rates continue to dominate the market's attention.
May 22, 2024
Business|Economy|Finance|News|US
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high
May 22, 2024
Business|Economy|Finance|US
US dollar rises as yen weakness resumes
The U.S. dollar rose against most currencies on Tuesday, steadily gaining ground throughout the day as investors digested the latest comments from Federal
May 22, 2024
Business|Economy|Finance|US
US banks report weaker loan demand, Fed survey says
U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of
May 22, 2024
Economy|Finance|News|US
Fed may need to hold rates steady all year, Kashkari says
Stalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an "extended period," and possibly all year, Minneapolis
May 22, 2024
Business|Economy|News|US
Inflation "settling" high could pose new risks for the Fed, economy
Inflation lodged above the U.S.
May 22, 2024
Business|Economy|Finance|News
Australian interest rate changes since 1990
The Reserve Bank of Australia on Tuesday left its cash rate unchanged at 4.35% following a policy meeting.
May 21, 2024
Uncategorized
NY Fed survey finds Americans bracing for higher housing costs
By Michael S.
May 21, 2024
Business|Economy|Finance|News|US
Fed's Williams says next Fed move likely to be lower rates
Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest rate target.
May 21, 2024
Business|Economy|Finance|US
Dollar weaker on Fed rate cut hopes, yen retreats after strong week
The dollar fell against most currencies on Monday for a fourth straight session as recent labor market data and comments from Federal Reserve officials buoyed
May 21, 2024
Economy|News|US
Fed's Barkin: Ending inflation likely to require a hit to demand
Finishing the battle against inflation will likely require a hit to demand, after a year in which U.S. price pressures cooled largely through
May 21, 2024
Business|Economy|Finance|US
Citadel's Griffin says Fed's first rate cut may come in December
Ken Griffin, Citadel's founder and chief executive, said on Monday that he is unsure when the Federal Reserve may be able to cut interest rates this year,
May 21, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street closes higher for third session on rate cut optimism
U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal
May 21, 2024
Business|Economy|Finance|News
Relief (mostly) everywhere
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
May 21, 2024
Business|Economy|Finance|News|Stock Markets
Take Five: Surfin USA
Central banks in Australia, Britain and Sweden will meet this week, as markets assess how much leeway the U.S. Federal Reserve has to cut rates this year.
May 20, 2024
Business|Economy|Finance|Stock Markets|US
US small caps struggle as elevated interest rates take a toll
The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies,
May 20, 2024
News|Business|Economy|Finance|Stock Markets|US
Wall St ends sharply higher, jobs data strengthens case for rate cuts
Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also
May 20, 2024
Business|Economy|Finance|News|US
Fed's Bowman supports current policy stance but still sees inflation risks
Inflation should continue to decline even as the U.S. central bank holds its benchmark interest rate steady at current levels, Federal Reserve Governor Michelle Bowman said on Friday while
May 19, 2024
Business|Economy|Finance|Stock Markets|US
April US jobs report shows looser labor market, good news for Fed
U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely
May 19, 2024
Business|Economy|Finance|US
US equity funds witness outflows for fifth week in a row
U.S. investors were net sellers of equity funds for a fifth successive week in the seven days to May 1, exercising caution ahead of the Federal Reserve's policy decision and scaling back
May 19, 2024
Business|Economy|Finance
Major central banks linger in uneasy calm in April
Interest rates at major central banks remained static in April as the prospect of higher-for-longer U.S.
May 19, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street ends higher as Fed signals dovish bias; jobs report eyed
U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed
May 17, 2024
Business|Economy|Finance|News|Stock Markets|US
Stocks jump after Fed, US data; yen strengthens
A gauge of global stocks climbed on Thursday after the Federal Reserve indicated it was leaning toward a dovish stance, while the dollar retreated against the
May 17, 2024
Business|Economy|Finance|US
Weak US productivity could threaten Fed's 'soft landing' hopes
Weaker U.S. productivity gains in the first quarter may challenge the Federal Reserve's efforts to finish its inflation fight without a painful rise in
May 17, 2024
Business|Economy|Finance|US
US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports
The Federal Reserve and other top U.S. regulators are forging ahead with their plan to make big banks hold more capital, Bloomberg News reported on Wednesday.
May 16, 2024
US
Fed's Powell says looming US election will not sway rate decisions
By David Lawder and Michael S.
May 16, 2024
Business|Economy|Finance|News|Stock Markets|US
S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will
May 16, 2024
Business|Economy|Finance|News|US
Powell's soothing tone may not be enough for inflation-spooked markets
Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S.
May 16, 2024
News|US
Fed leaves rates unchanged, flags 'lack of further progress' on inflation
The U.S.
May 16, 2024
Business|Economy|Finance|Stock Markets|US
Fed QT taper calms the horses, yen pops again
A look at the day ahead in U.S. and global markets from Mike Dolan Anxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its "quantitative tightening"
May 16, 2024
Economy|Finance|US
Greenback strength to persist on delayed Fed rate cut calls
A rallying U.S. dollar will stand resolute and may even trade more strongly than predicted in coming months if the policies of the Federal Reserve and other
May 16, 2024
Business|Economy|Finance|Stock Markets|US
US productivity slows sharply in first quarter
U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.
May 16, 2024
Business|Economy|Environment|Finance
Citigroup sees loan book hit in climate action ramp-up, document shows
Citigroup could suffer billions of dollars of losses in its loan book if the world sped up efforts to tackle climate
May 16, 2024
Economy|News|US
US job openings slide to three-year low as demand for labor gradually eases
U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that over
May 16, 2024
Business|Economy|Finance|US
FOMC holds rates in place and will slow balance sheet drawdown
The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier
May 16, 2024
Business|Finance|Stock Markets|US
Stocks, dollar decline after Fed holds rates steady
A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve left interest rates unchanged and
May 16, 2024
Economy|Europe|Finance|US
Fed day focus is on what Jay says
A look at the day ahead in European and global markets from Kevin Buckland The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates
May 16, 2024
Business|Economy|Finance|Stock Markets|US
Mayday for bonds as 2024 Fed cut hopes dwindle
A look at the day ahead in U.S. and global markets from Mike Dolan May Day for Wall Street comes with the daunting prospect that the multiple interest rate cuts once expected from the Federal Reserve
May 16, 2024
Finance|Stock Markets|US
Bracing for shallow Fed easing, bond investors take the middle of the curve road
Bond investors are selectively adding longer-dated maturities to their portfolios on bets the Federal Reserve will delay cutting interest rates and
May 16, 2024
Business|Economy|News|US
US manufacturing sector regresses in April; prices paid near two-year high
U.S. manufacturing contracted in April amid a decline in orders after briefly expanding in the prior month, while a measure of prices paid by factories for inputs approached a
May 16, 2024
Economy|News|US
US job openings fall to three-year low in March
U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that over time could aid
May 16, 2024
Business|Economy|Finance|Stock Markets|US
Wall Street stocks fall as markets weigh strong wage data, Fed meeting
U.S. stocks ended lower on Tuesday as markets weighed economic data showing rising labor costs and deteriorating consumer confidence on the day of a key Federal
May 15, 2024
Business|Economy|Finance|US
Quagmire anyone? Fed watchers try to divine a confusing state of play
U.S. central bankers began spreading rate-cut fever late last year, with the economy seemingly on a clear path back to low inflation and officials projecting
May 15, 2024
Economy|Finance|News|US
US home prices jump by most in nearly two years in February, FHFA says
U.S. home prices leapt in February by the most in nearly two years, federal housing authorities reported on Tuesday, reflecting the effects that lean home supply continue to have on the
May 15, 2024
News|Asia|Economy|Finance|US
Stock market today: Asian shares advance after another round of Wall St records
Asian shares are higher after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction
May 15, 2024
Business|Economy|Finance|Stock Markets|US
Inflation-wary US rate options market cautiously prices for 2024 Fed hike
Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a
May 15, 2024
Business|Finance|Stock Markets|US
Wall Street stocks finish higher as investors focus on Fed moves
U.S. stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the
May 14, 2024
News|Economy|US
US inflation eased last month in the first slowdown of 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team
May 14, 2024
Economy|Finance|News|US
Fed's Powell downplays potential for a rate hike despite higher price pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again
May 14, 2024
Economy|Finance|US
Wholesale price increases accelerated in April as inflation remains sticky
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year
May 14, 2024
Economy|News|US
Fed in a holding pattern as inflation delays approach to any soft landing
Inflation showing no recent sign of slowing or narrowing in scope leaves U.S.
May 14, 2024
Business|Finance|Stock Markets|US
Wall St opens higher on megacap strength, Fed verdict awaited
Wall Street's main indexes opened higher on Monday as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve's interest rate
May 14, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update
Asian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high
May 14, 2024
Business|Economy|Finance|US
US inflation increases moderately; consumer spending boosts Q2 outlook
U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates
May 13, 2024
Economy|Finance|MidEast|News|US
Oil settles higher on supply concerns in the Mideast, economic woes subdue gains
Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the
May 13, 2024
Economy|Finance|News|US
Are US interest rates high enough to beat inflation? The Fed will take its time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
May 13, 2024
Business|Economy|Finance|US
Analysis-Investors brace for 5% Treasury yields as US inflation worries mount
As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October.
May 13, 2024
Business|Economy|Finance|Stock Markets|US
Global equity funds face fourth week of outflows amid dampened Fed rate cut hopes
Global equity funds recorded outflows for the fourth consecutive week as of April 24, affected by diminishing hopes of rapid Federal Reserve rate cuts this year amid a series of higher-
May 13, 2024
Business|Economy|Finance|US
Imports hold back US economy in first quarter, inflation flares up
The U.S. economy grew at its slowest pace in nearly two years in the first quarter amid a surge in imports and small build-up of unsold goods at businesses,
May 10, 2024
Economy|News|US
Q1 US GDP shows surprise slowing and uncomfortable inflation
U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the
May 10, 2024
Business|Economy|Finance|News|US
Confounding US economic, inflation data cloud Fed's rate path
The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or
May 10, 2024
Business|Economy|Finance|US
Weak GDP, strong prices, highlight Fed dilemma
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two
May 10, 2024
Business|Economy|Finance|Stock Markets|US
Stock market today: Wall Street coasts to the finish line of another winning week
U.S. stocks coasted to the close of another winning week with a quiet, mixed finish
May 10, 2024
Economy|News|US
US weekly jobless claims hit highest level since August of 2023, though job market is still hot
The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening
May 09, 2024
Business|Economy|Europe|Finance
Column-BoE tries to sail a mid-ocean policy :Mike Dolan
Cut in June or not at all? The Bank of England is left parsing policy between a European Central Bank nailed on for cutting rates by mid-year and a U.S.
May 08, 2024
Business|Economy|Europe|Finance|News
ECB should be very cautious about post-June rate cuts, de Guindos says
The European Central Bank will cut interest rates in June but needs to be very cautious about subsequent moves and take into account signals from the U.S.
May 07, 2024
Economy|Finance|Stock Markets|US
Analysis-US bond bulls lean into latest selloff despite inflation scare
A sharp selloff in U.S. bonds so far in April is prompting some investors to consider allocating more funds to the asset class to lock in
May 07, 2024
Business|Economy|Finance|US
Black swan hedge fund says Fed rate cuts will signal market crash
While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the
May 07, 2024
Business|Economy|Finance|US
Fed's Powell faces 'what, me worry?' moment of spiking bond yields, war, political stalemate
Federal Reserve officials may not raise interest rates when they meet in two weeks but neither will they say their 19-month drive to hike borrowing costs is
May 07, 2024
Business|Economy|Finance
Column-October suddenly looks like a bad bond dream: Mike Dolan
If the notorious 'term premium' is evaporating again, then last month's bond rout may just have been a nightmare.
May 07, 2024
Business|Economy|Finance|US
Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever
Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that U.S. monetary policy could
May 07, 2024
Business|Economy|Finance|News|US
Fed survey cites inflation, US election as key financial stability risks
Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's latest
May 06, 2024
Economy|Finance|US
Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to drop
May 05, 2024
Economy|Finance|News|US
Wall Street's "fear gauge" at over 5-month high on rate cut, Mideast worries
Wall Street's "fear gauge" hit its highest in more than five months on Friday due to a sharp pullback in interest U.S. rate cut expectations and escalating geopolitical tensions.
May 04, 2024
Business|Economy|Finance
Investors pull money from cash to pay tax bills, sell US stocks - BofA
Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America's weekly report that cites fund flows and asset allocation from
May 04, 2024
Business|Finance|Stock Markets|US
Global equity funds see surge in outflows as rate cut hopes fade
Global equity funds saw a jump in outflows in the seven days through April 17 as speculation the U.S. Federal Reserve will delay cutting interest rates dampened investor sentiment.
May 04, 2024
Business|Economy|Finance|News|Stock Markets|US
Stocks end near flat as investors assess earnings, data
U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from
May 03, 2024
Uncategorized
Fed policymakers agree: there's no urgency to cut rates
By Ann Saphir and Michael S.
May 03, 2024
Business|Economy|Finance|US
Fed's rate-cut foot-dragging grates on global peers at IMF meetings
Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-
May 03, 2024
Business|Economy|Finance|News|Stock Markets|US
Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month
May 03, 2024
Business|Economy|Finance|US
Dollar drops as employers add fewer jobs than expected in April
The dollar fell to a three-week low against the yen on Friday after data showed U.S. jobs growth slowed more than expected in April and annual wage gains cooled,
May 02, 2024
Business|Economy|Finance|News
The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy
May 02, 2024
Business|Economy|Finance|News|US
High interest rates aren’t going away anytime soon – a business economist explains why
The Federal Reserve doesn’t appear eager to cut rates.
May 01, 2024
Asia|Business|Finance|Stock Markets
Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high
Asian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates
May 01, 2024
Business|Economy|Finance
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target
April 30, 2024
Economy|Finance|News
Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve
April 30, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street
Asian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week
April 29, 2024
Business|Economy|US
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy
April 28, 2024
Economy|News|US
How Trump could influence the makeup of the Fed
Federal Reserve Chair Jerome Powell on Thursday said he would not resign if asked to do so by President-elect Donald Trump, and said presidents do not have the legal authority to remove a
April 26, 2024
Business|Economy|Finance|US
JPMorgan's Dimon says stagflation is possible outcome for US economy, but he hopes for soft landing
JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices
April 26, 2024
Economy|News|US
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid
April 26, 2024
Asia|Business|Economy|Finance|Stock Markets|World
Stock market today: Asian benchmarks mostly climb despite worries about US economy
Asian shares are mostly higher despite worries about the economic outlook and inflation in the U.S. and globally
April 26, 2024
Business|Economy|Finance|News|US
Fed's Bostic says he is not in a 'mad dash hurry' on rate cuts
Atlanta Federal Reserve President Raphael Bostic on Thursday said inflation is going to return to the U.S. central bank's 2% more slowly than many had expected, and "for me, that's okay ..
April 26, 2024
Business|Economy|Finance|US
US existing home sales drop in March; median price increases
U.S. existing home sales fell in March as higher interest rates and house prices sidelined buyers from the market.
April 26, 2024
Business|Economy|US
US economic activity expanded slightly in recent weeks, Fed survey shows
U.S. economic activity expanded slightly from late February through early April and there were fears among firms that progress in lowering inflation would stall, a Federal Reserve survey
April 26, 2024
Business|Economy|Finance|US
Fed to cut US rates 'at some point, but no hurry, Mester says
Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday she expects price pressures to ease further this year, allowing the Fed to reduce borrowing costs,
April 26, 2024
Business|Economy|Finance
Equifax sees second-quarter revenue below estimates as rates remain high
Credit ratings firm Equifax forecast on Wednesday its second-quarter revenue below estimates after strong economic data boosted chances of rates staying higher-for-longer, potentially
April 26, 2024
Business|Economy|Finance|US
US Fed should not act urgently when it's not required, Daly says
San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and
April 26, 2024
Asia|Finance|News
Morning Bid: Powell dashes easing hopes, markets dented again
A look at the day ahead in Asian markets.
April 26, 2024
Business|Economy|Finance|News|US
Fed's Powell, Jefferson to square 'restrictive' policy with strong data
Federal Reserve Chair Jerome Powell and Vice Chair Philip Jefferson will make what are likely to be their last public comments before the U.S. central bank's
April 26, 2024
Business|Economy|Finance|US
Fed could keep monetary policy tight for longer if needed, Jefferson says
Federal Reserve Vice Chair Philip Jefferson, in remarks devoid of any mention of interest rate cuts, said on Tuesday "it will be appropriate to hold in place
April 26, 2024
Business|Economy|Finance|News|US
Dollar steady, yen fragile after Fed comments dash rate cut bets
The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from Federal Reserve officials, including Chair Jerome
April 26, 2024
Business|Economy|Finance|US
U.S. homebuilder confidence holds steady in April
U.S. homebuilder confidence held steady in April at the highest since last July, snapping four months of gains with uncertainty about interest rates keeping potential home buyers hesitant,
April 26, 2024
Business|Economy|Finance|US
US growth may be a global boon, but inflation could derail the train
U.S. economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high
April 26, 2024
Business|Europe|Finance|News|Stock Markets|World
Morning Bid: Nervy markets await Israel's response, Fed outlook
A look at the day ahead in European and global markets from Rae Wee European shares look set to track Asia's negative lead on Monday after a weekend dominated by news of escalating tensions in the
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Futures bounce back from last session's battering amid Middle East jitters
U.S. stock index futures rose on Monday, after Wall Street witnessed a bruising sell-off on the back of disappointing earnings from some big U.S. banks last week and escalating tensions in
April 26, 2024
Business|Economy|Finance|US
Fed's reverse repo facility shrinks rapidly, lowest in nearly three years
A key Federal Reserve facility that takes in cash from money market funds and others saw inflows drop sharply on Monday.
April 26, 2024
Business|Economy|Finance|US
US banks' profit picture less clear with cloudy rates trajectory
The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year.
April 26, 2024
Business
Inflation still too high for Fed to cut interest rates, Schmid says
By Michael S.
April 26, 2024
Business|Economy|Finance|US|World
IMF head says higher US rates could become a worry if they persist
IMF chief Kristalina Georgieva on Thursday said higher U.S. interest rates were not great news for the rest of the world and could become a worry if they
April 26, 2024
Business|Economy|Finance|News
Fed's Goolsbee keeps policy focus on PCE after high consumer price readings
Chicago Federal Reserve President Austan Goolsbee said on Friday continued high consumer price index readings were concerning, but he remains focused on how the Fed's targeted
April 26, 2024
Business|Economy|Finance|US
Fed's Daly: absolutely no urgency to cut US interest rates
San Francisco Federal Reserve President Mary Daly said on Friday there is still "a lot of work to do" to make sure inflation is on track to the Fed's 2% goal, and there is "absolutely" no
April 26, 2024
Uncategorized
Exclusive-Fed's Collins eyes about two rate cuts this year
By Michael S.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Analysis-Wall Street gears up for US tax season liquidity test
Wall Street is bracing for a potential bout of stress in money markets by putting some cash on the side ahead of U.S. tax day, when high tax-related outflows
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Analysis-Funds selling options help temper US stock swings
Popular funds that sell options for income may be moderating the recent bout of volatility in U.S. stocks, extending the calming effect they
April 26, 2024
Business|Economy|Finance|News
NY Fed inflation gauge sees cooler price pressures in February
The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened in February.
April 26, 2024
Business|Finance|Stock Markets|US
Morning Bid: Manufacturing kicks off jobs-packed week
A look at the day ahead in U.S. and global markets by Amanda Cooper. Today marks the start of a new week, a new month, a new quarter and a new set of data to get investors going.
April 26, 2024
Business|Economy|Europe|Finance
Europe could lower rates ahead of Fed, ECB's Holzmann says
The European Central Bank could lower its key interest rate before the U.S. Federal Reserve, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.
April 26, 2024
Asia|Finance|Stock Markets
Asian shares up, dollar firms as rate cut wagers fade
Asian stocks rose on Tuesday and the dollar firmed, keeping the yen pinned near the 152-per-dollar levels that has traders worried about possible intervention,
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Analysis-Relentless US credit demand seen driving second-quarter rally
An investor scramble to lock in returns before the Federal Reserve cuts rates is expected to sustain a rally in the U.S. corporate bond market into the second
April 26, 2024
Economy|Finance|News|US
Powell to update views on policy as inflation remains sticky
Federal Reserve Chair Jerome Powell on Friday will update his views on U.S. inflation and the economy following the release of data showing price increases running faster than
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Investors eye Fed rate cut, earnings as key to sustaining market rally
After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers
April 26, 2024
Economy|Finance|News|US
Fed's balancing act could see June rate cut in play even with sticky inflation
Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Morning Bid: Unrushed Fed sees out buoyant Q1, dollar revs up
A look at the day ahead in U.S. and global markets from Mike Dolan With Wall St set for its final trading day of a bumper first quarter, the Federal Reserve seems in "no rush" to lower interest rates
April 26, 2024
Business|Economy|Finance|Stock Markets|US
How the US stock market rocketed through the first quarter
The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures recover; focus shifts to Fed officials' comments
U.S. stock index futures rebounded on Wednesday after ending lower in the last session, as investors shifted focus to comments from Federal Reserve officials to gauge the central bank's
April 26, 2024
Uncategorized
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
By Michael S.
April 26, 2024
Uncategorized
Fed says official net negative income was $114.3 billion in 2023
By Michael S.
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Futures ease at start of holiday-shortened week
U.S. stock index futures edged lower at the start of a holiday-shortened week on Monday, as investors look ahead to speeches from Federal Reserve officials and a key inflation marker later
April 26, 2024
Business|Economy|Finance|US
Fed's Goolsbee says he sees three rate cuts this year
Chicago Federal Reserve Bank President Austan Goolsbee said on Monday that at the Federal Reserve's policy meeting last week he penciled in three rate cuts for this year.
April 26, 2024
Business|Economy|Finance|US
Fed's Cook says cautious approach needed to policy easing
The U.S. central bank needs to proceed carefully as it decides when to begin cutting interest rates, Federal Reserve Governor Lisa Cook said on Monday,
April 26, 2024
Business|Economy|Finance
Dollar dips, yen draws support from Tokyo's jawboning
The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with
April 26, 2024
Business|Finance|Stock Markets|US
Futures tick up after Wall Street hits record highs
U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and
April 26, 2024
Business|Economy|News|US
Fed Chair Powell says pandemic has had lasting effects on economy
Federal Reserve Chair Jerome Powell on Friday opened a "Fed Listens" event on how Americans are experiencing the economy, saying the pandemic has had "lasting" effects and that to make
April 26, 2024
Business|Economy|Finance|Stock Markets|Technology|US
Broadening US market rally gets boost from dovish Fed
A reassuring economic outlook and dovish signals from the Federal Reserve are encouraging investors to look beyond the massive growth and technology stocks that
April 26, 2024
Business|Economy|Finance|News|US
US weekly jobless claims unexpectedly fall
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting that job growth remained strong in March.
April 26, 2024
Business|Economy|Finance|US
US business activity stable in March; inflation picks up
U.S. business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year.
April 26, 2024
Business|Finance|Stock Markets|US
UBS Global Research pushes back Fed rate cut expectation to June
UBS Global Research now expects the Federal Reserve to start cutting interest rates from June, a month later that its previous prediction and in line with other brokerages' forecasts, it
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Morning Bid: Markets feed off unfased Fed and SNB jumps gun
A look at the day ahead in U.S. and global markets from Mike Dolan With markets already cheering the Federal Reserve's restated consensus on three interest rate cuts later this year, the Swiss
April 26, 2024
Business|Finance|Stock Markets|US
Futures gain as Fed sticks to rate cut projections; Micron rally lifts chipmakers
U.S. stock index futures rose on Thursday as chipmakers tracked sharp gains in Micron Technology and investors took comfort in the Federal Reserve sticking to its three-rate-cut view for
April 26, 2024
Economy|News|US
Fed's dovish pivot 'inertia' may spell trouble for long-term bonds, BlackRock says
Longer-term U.S.
April 26, 2024
Business|Finance|Stock Markets|US
Analysis-Steady Fed outlook boosts stock market's hopes for coveted 'soft landing'
A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Policy uncertainty drives investors into US medium-term bond funds
Investors are flocking to U.S. medium-term government bond funds and helping push their assets to record highs, as uncertainty about the Federal Reserve's
April 26, 2024
Business|Economy|Finance|US
Morning Bid - G7 disinflation cheer as Fed decides
A look at the day ahead in U.S. and global markets from Mike Dolan However the Federal Reserve spins it later, there's some relief in other G7 economies at least that the disinflation process hasn't
April 26, 2024
Business|Economy|Finance
Fed's rate-cut confidence likely shaken but not yet broken by inflation
Federal Reserve officials left their policy meeting in late January in search of "greater confidence" that inflation was on a sustainable downward path, a
April 26, 2024
Business|Economy|Finance|US
Fed policymakers stick to three-rate-cut view in '24, but barely
U.S. central bankers still anticipate cutting interest rates three times this year, according to the median of new economic projections published on Wednesday, but
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Fed leaves rates alone and holds view on 2024 cuts in face of elevated inflation
The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Dollar slips as Fed stays the course; Aussie jumps on jobs data
The dollar fell broadly on Thursday after the U.S.
April 26, 2024
Uncategorized
Amid forecast shift, Fed's Powell flags uncertainty over longer-run outlook
By Michael S.
April 26, 2024
Asia|Economy|Finance
Morning bid: Yen hurtles toward historic low, Fed in focus
A look at the day ahead in Asian markets.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Morning Bid - Japan returns from upside-down world, AI fizzes
A look at the day ahead in U.S. and global markets from Mike Dolan If just two years ago, you'd imagined the day the Bank of Japan ended its negative interest rate era, you'd probably not have put the
April 26, 2024
Finance|News|Stock Markets|US
US yields nearing level that could pressure stocks, Morgan Stanley says
U.S. stocks have climbed this year despite rising Treasury yields, but equities could become more sensitive if yields push higher from current levels, Morgan
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
S&P 500, Nasdaq futures tick up ahead of Fed meeting, AI conference
Futures tracking the S&P 500 and the Nasdaq rose on Monday ahead of the Federal Reserve's meeting this week, where it is expected to keep borrowing costs steady and provide cues on its
April 26, 2024
Uncategorized
More Americans tried for mortgage loans in February, NY Fed report finds
By Michael S.
April 26, 2024
Business|Economy|Finance|US
Inflation frustration may prompt Fed to dial back rate-cut outlook
U.S. central bankers are not expected to cut borrowing costs this week, but their new economic projections may be a wild card, potentially signaling fewer interest rate cuts
April 26, 2024
Economy|News|US
US import prices rise moderately in February
U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially offset by modest gains elsewhere, which bodes well for the
April 26, 2024
Business|Economy|Finance|Stock Markets
Global equity funds draw big inflows as investors eye central bank signals
Global equity funds saw notable inflows in the week to March 13 as investors focused on strong global stock performances, overlooking inflation concerns ahead of the Federal Reserve
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures nearly flat ahead of Fed meet next week
U.S. stock index futures were little changed on Friday as investors braced for a Federal Reserve meeting next week that could provide clues on the timing of the central bank's interest-
April 26, 2024
Economy|Finance|News|US
Column-Fed's new neutral may be one FOMC takeaway: Mike Dolan
Next week's Federal Reserve meeting has lost the heat it once had as a likely moment for the central bank's first interest rate cut - but it could shine a big light on
April 26, 2024
Business|Economy|Finance|News|US
Traders stick to bets on June Fed rate cut after economic data
Stronger than expected producer prices and weaker-than-expected consumer spending reported Thursday did little to budge financial market bets on a June start to Federal Reserve interest-
April 26, 2024
Business|Finance|Stock Markets|US
JPMorgan to pay nearly $350 million in penalties for inadequate trade reporting
JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market
April 26, 2024
Economy|Finance|News|US
Gasoline, food boost US producer prices in February
U.S. producer prices increased more than expected in February amid a surge in the cost of goods like gasoline and food, which could fan fears that inflation was picking up again
April 26, 2024
Business|Economy|Finance|Stock Markets
Futures rise in run-up to inflation figures, retail sales data
Futures tracking Wall Street's main stock indexes advanced on Thursday as investors awaited a raft of economic data, including the producer
April 26, 2024
Business|Economy|Finance|US
US small business optimism falls to lowest in 9 months, NFIB says
U.S. small business sentiment fell in February to the lowest level since May due to continued concerns around inflation, according to a report published on Tuesday
April 26, 2024
Economy|Finance|News
Traders keep bets on June for first Fed rate cut after inflation data
Federal Reserve policymakers are still seen starting interest-rate cuts in June, even as a government report showed consumer prices rose last month more than expected, based on prices of
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Sticky Feb US CPI inflation raises questions about June Fed cut
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June
April 26, 2024
Economy|Finance|US
S&P 500, Nasdaq futures edge higher ahead of key inflation test
S&P 500 and Nasdaq futures inched up on Tuesday ahead of U.S. consumer prices data that could provide insight on whether inflation has eased enough for the Federal Reserve to lower
April 26, 2024
Business|Economy|Finance|News
Oil prices up on strong US demand, Fed signals in focus
Oil prices rose on Wednesday on expectations of strong global demand, including in the world's top consumer the United States, and as even somewhat sticky U.S.
April 26, 2024
Economy|Finance|US
Inverted yield curve no longer reliable recession flag, strategists say: Reuters poll
A key indicator of an oncoming recession implied by the U.S. bond market is no longer reliable, according to nearly two-thirds of strategists polled by Reuters
April 26, 2024
Economy|Finance|News|US
Gasoline, shelter costs lift US consumer prices in February
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Options players ready for market swings after US inflation data
Traders in the U.S. equity options market have grown skittish ahead of Tuesday's release of inflation data that could sway the Federal Reserve's monetary
April 26, 2024
Uncategorized
NY Fed: Consumer outlook on longer-term inflation hit snag in February
By Michael S.
April 26, 2024
Business|Economy|Europe|Finance|News
Morning Bid: Accentuating the positive at the BOJ
A look at the day ahead in European and global markets from Wayne Cole. So Japan isn't in recession after all.
April 26, 2024
Business|Economy|Finance|US
Fed projections to show if rate cut outlook stays intact through strong data
No one expects the Federal Reserve to change interest rates at next week's policy meeting, but whether officials hold to their previous rate-cutting outlook
April 26, 2024
Business
Emergency Fed bank effort ends lending, as eyes turn to discount window
By Michael S.
April 26, 2024
Business|Economy|Finance|US
Dollar on guard; BOJ speculation keeps yen supported
The dollar held broadly steady on Tuesday ahead of key U.S. inflation data due later in the day, while the yen firmed near a one-month high on mounting expectations
April 26, 2024
Asia|Business|Finance|Stock Markets|US
Asia shares slip, yen firms as Japan GDP data revised up
Asian share markets followed Wall Street lower on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start
April 26, 2024
Business|Economy|Finance|Stock Markets|US
US bond funds attract biggest weekly inflow since mid-2021 on rate cut hopes
U.S. bond funds racked up large inflows in the seven days to March 6 as weaker manufacturing data and dovish comments from Federal Reserve officials raised expectations for interest rate
April 26, 2024
Economy|Finance|News|Stock Markets|US
Futures steady before key payrolls test
U.S. stock index futures were subdued on Friday following a sharp overnight rally on Wall Street, as investors braced for a crucial labor market report that could determine the Federal
April 26, 2024
Business|Economy|Finance|US
Fed gets another reason not to rush on rate cuts
Federal Reserve policymakers weighing when to start interest-rate cuts got another reason Friday to sit tight for now, after a government report showed
April 26, 2024
Economy|Finance|US
Feb US payrolls show labor market healthy but not overly tight
U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept on the table an anticipated interest rate cut in June from the Federal
April 26, 2024
Business|Economy|Finance|US
Dollar droops ahead of payrolls
The dollar headed for its sharpest weekly drop of the year on Friday as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Vanguard considering more credit exposure hedges despite bullish outlook
Top U.S. asset manager Vanguard is bullish on the corporate bond market but has been hedging against a hard landing for the U.S.
April 26, 2024
Economy|Finance|US
Powell says Fed not "remotely close" to a central bank digital currency
Federal Reserve Chairman Jerome Powell significantly downplayed the possibility of the central bank issuing its own digital currency, and said if it ever came
April 26, 2024
Business|Finance|News|Stock Markets|US
Morning Bid: Brighter mood as ECB meets, yen knocks Nikkei
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's early-week wobble seems to have stabilised as Federal Reserve Chair Jerome Powell plays it straight on Capitol Hill,
April 26, 2024
Business|Economy|Finance|News|US
Fed's Powell says aware of policy risks to workers, but cuts depend on inflation
Federal Reserve Chair Jerome Powell told U.S. lawmakers on Thursday the central bank was "well aware" of the risks its tough monetary policy posed to workers
April 26, 2024
Business|Economy|Finance|News|US
Fed's Kashkari sees two rate cuts at most this year
Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday signaled that stronger economic data since the start of the year will likely make it appropriate for the Fed to cut
April 26, 2024
Business|Economy|Finance|US
Fed's Bowman: "Not yet" ready for rate cuts, willing to hike again if needed
The U.S. economy is not at the point where the Federal Reserve should reduce interest rates, Fed Governor Michelle Bowman said on Thursday, and while the
April 26, 2024
Business|Economy|Finance|News|US
US job openings fall marginally in January
U.S. job openings fell marginally in January, while hiring declined as labor market conditions continue to gradually ease.
April 26, 2024
Business|Economy|Finance|News|US
U.S. economic activity increased slightly in recent weeks, Fed survey shows
U.S. economic activity increased slightly from early January through late February while inflation and the jobs market gave a mixed picture on how quickly they will
April 26, 2024
Business|Economy|Finance|US
U.S. dollar's strength to persist as markets eye cautious Fed - Reuters poll
A strong U.S. dollar will maintain the status quo in the near term, as markets brace for a risk the Federal Reserve's first interest rate cut
April 26, 2024
Business|Economy|Finance|US
Powell says he expects "broad, material" changes to Basel proposal
Federal Reserve Chairman Jerome Powell said he expects bank regulators will adopt "broad, material" changes to a contentious plan to raise large bank capital
April 26, 2024
Business|Economy|Finance|US
NY Fed says supply chain pressures ticked up small amount in February
Supply chain pressures picked up modestly last month, the Federal Reserve Bank of New York said in a report Wednesday.
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Marketmind: Powell tees up after megacaps scatter
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St stocks' worst day in almost three weeks sets the backdrop for Wednesday's congressional testimony from Federal Reserve chair
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Futures gain ahead of Powell's testimony, economic data
U.S. stock index futures rose on Wednesday as investors await testimony by Federal Reserve Chair Jerome Powell before Congress that could help determine the central bank's monetary policy
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Fed's Powell to set election year stage with testimony on rate cuts, inflation
With asset values from stocks to crypto to homes piling higher, inflation still considered too high, and worries of "exuberance" creeping into the
April 26, 2024
Entertainment|News
Fed's Powell: Don't expect a soft landing victory lap
The soft landing, it appears, will not be televised.
April 26, 2024
Business|Economy|Finance|News|US
Fed 'focused and resolute' on beating inflation, Daly says
San Francisco Federal Reserve Bank President Mary Daly on Wednesday said the U.S. central bank is committed to "finishing the job" on attaining price stability, particularly with rising
April 26, 2024
Economy|Finance|News|US
Column-Sturdy US private finances bolster 'no landing' view: McGeever
Murmurs are growing that the Federal Reserve might resist cutting interest rates at all this year as corporate and household balance sheets look to have
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Column-Channelling Greenspan, Powell's exuberance moment? :Mike Dolan
The Federal Reserve may finally have interest rate markets back in the palm of its hand - but it's surely casting a wary eye on effervescent stocks that seem oblivious
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Analysis-'Worst case’ inflation fears threaten bond market calm as Powell addresses lawmakers
An uneasy calm that has pervaded the U.S. bond market could break in coming days, as looming data on employment and consumer prices shed more
April 26, 2024
Economy|Finance|News|Stock Markets|US
Futures ease ahead of economic data, megacap growth stocks slide
U.S. stock index futures dipped on Tuesday as investors awaited a slew of economic data and several key events this week, including appearances from Federal Reserve Chair Jerome Powell.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Marketmind: Stocks hold records with Powell in view, Nikkei tops 40k
A look at the day ahead in U.S. and global markets from Mike Dolan Record tech-led U.S. and world stock indexes, a recoil in Treasury bond yields and the prospect of fresh Chinese stimulus make for a
April 26, 2024
Business|Finance|Stock Markets|US
Futures lose steam after Wall St rally; jobs data, Powell hearing on tap
U.S. stock index futures were muted on Monday after the S&P 500 and the Nasdaq's record-closing highs in the prior session, as investors paused at the start of a week packed with key jobs
April 26, 2024
News|US
Fed's Bostic: No urgency to cut interest rates given US economy's strength
The U.S.
April 26, 2024
Economy|Finance|US
Dollar eases as Fed clues awaited; bitcoin hits 2-year high
The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of
April 26, 2024
Business|Economy|Finance|Stock Markets|US
US home prices to grind higher as cheap mortgage holders stay put: Reuters poll
U.S. home prices will rise steadily over the next few years amid prospects for modest interest rate cuts by the Federal Reserve and as many
April 26, 2024
Business|Economy|Finance|News
QT not quite "paint drying," but having little impact so far -research
The move by major central banks to reduce their asset holdings, begun in 2022 as part of their inflation fight, has had only a modest impact on interest rates
April 26, 2024
Business|Economy|Finance|US
Fed's Waller: Upcoming balance sheet decisions have no bearing on monetary policy
The Federal Reserve's upcoming decisions about the ultimate size of its balance sheet has no bearing on the central bank's inflation fight or changes to its
April 26, 2024
Business|Economy|Finance|US
Fed's Kugler 'optimistic' on disinflation without big job losses
Federal Reserve Governor Adriana Kugler on Friday signaled she sees the elusive "soft landing" of falling inflation amidst a healthy labor market within reach for the U.S. economy, noting
April 26, 2024
Business|Economy|Finance
Fed's Barkin: I still see wage, inflation pressures
Price increase pressures still exist in the U.S. economy and it is too soon to predict when the Federal Reserve will be able to begin to cut its benchmark interest rate, Richmond Federal
April 26, 2024
Uncategorized
Fed monetary policy report warns on financial sector vulnerabilities
By Michael S.
April 26, 2024
Business|Economy|Finance|News|US
US inflation increases in line with expectations in January
U.S. prices picked up in January, but the annual increase in inflation was the smallest in nearly three years, keeping a June interest rate cut from the Federal Reserve on the
April 26, 2024
Economy|Election|News|US
Take Five: Never a dull moment
U.S. jobs data, testimony by the Federal Reserve chief, a key date in the U.S. election calendar and President Joe Biden's State of the Union address all in one week.
April 26, 2024
Economy|Finance|Stock Markets|US
Futures ease as caution prevails ahead of inflation data
U.S. stock index futures dipped on Thursday as investors refrained from making big bets ahead of key inflation data that could hold the key to the timing of interest rate cuts by the
April 26, 2024
Uncategorized
Fed's Williams reiterates rate cut likely later this year
By Michael S.
April 26, 2024
Business|Economy|Finance|US
Fed's Goolsbee: policy 'restrictive,' more disinflation likely
Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes last year's improvements in the supply of goods and labor set the stage for further
April 26, 2024
Economy|Finance|US
Fed rate cut seen on track for June even as inflation bumps up
An increase in U.S. inflation last month that was largely in line with expectations likely won't change the calculus for U.S. central bankers weighing when to deliver a first
April 26, 2024
Economy
Analysis-Fed's balance sheet endgame may play out over a longer-than-expected horizon
By Davide Barbuscia and Michael S.
April 26, 2024
Business|Economy|Finance|US
U.S. oil futures settle lower as Fed takes stock before cutting rates
U.S. crude oil futures settled lower on Wednesday after the Federal Reserve held firm on its decision to hold off cutting U.S. interest rates in the near
April 26, 2024
US
Fed's Williams: Still ways to go to achieve 2% inflation goal
By Michael S. Derby GARDEN CITY, N.Y.
April 26, 2024
Business|Economy|Finance|US
Fed's Collins repeats it is 'likely' rate cuts will begin this year
The Federal Reserve will likely need to start cutting its benchmark overnight lending rate later this year, Boston Fed Bank President Susan Collins said on Wednesday.
April 26, 2024
Business
Analysis - Supply still matters: Why US housing inflation relief may be short-lived
U.S.
April 26, 2024
Business|Economy|Finance|US
In the Market: Banks warily warm up to Fed repo backstop
Banks are finally signing up for a U.S.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures edge up ahead of economic data
U.S. stock index futures were rangebound on Tuesday as investors awaited a crucial inflation report and other economic data that would shape expectations for interest rate cuts from the
April 26, 2024
Business|Economy|Finance|US
Fed's Schmid: No need to 'preemptively' cut rates
Kansas City Federal Reserve Bank President Jeffrey Schmid on Monday used a debut speech on policy to signal that he, like most of his central banking colleagues, is in no rush to cut
April 26, 2024
Economy|Finance|News|US
Fed's Bowman says she will stay 'cautious' on monetary policy
Federal Reserve Governor Michelle Bowman on Tuesday signaled she is in no rush to cut U.S. interest rates, particularly given upside risks to inflation that could stall progress or even
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures muted as traders buckle up for inflation test
U.S. stock index futures were subdued on Monday after last week's scorching AI-driven rally as investors once again shifted their focus to the Federal Reserve's monetary policy path and
April 26, 2024
Business|Economy|Finance|US
Analysis-'Slam dunk' Treasury trade becomes test of patience as yields march higher
A sell-off in the U.S. government bond market is picking up speed, as a strong economy whittles away at hopes for imminent interest rate cuts from the Federal
April 26, 2024
Business|Economy|Finance|Stock Markets|US
U.S. investors retreat from equity funds on rate cut uncertainty
U.S. investors were net sellers of equity funds in the week to Feb. 21 as stubborn inflation reduced expectations the Federal Reserve would deliver a rates cut soon.
April 26, 2024
Business|Finance|News|Stock Markets|US
Marketmind: Record world stocks leave bonds in gloom
A look at the day ahead in U.S. and global markets from Mike Dolan Global stocks captured by MSCI's all-country index surpassed 2022's peaks on Friday and soared to new records - leaving bonds unloved
April 26, 2024
Economy|Finance|News|US
Fed's Williams: rate cuts likely appropriate 'later this year'
New York Federal Reserve Bank President John Williams sees the U.S. central bank on track for interest-rate cuts "later this year," despite stronger-than-expected readings on inflation
April 26, 2024
Business|Economy|Finance|News|US
US weekly jobless claims unexpectedly fall
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting that job growth likely remained solid in February.
April 26, 2024
Business|Economy|Finance|US
US business activity moderates in February - S&P Global survey
U.S. business activity cooled in February and there was encouraging news on inflation, with a measure of prices paid for inputs falling to the lowest level in nearly 3-1/2 years
April 26, 2024
Business|Finance|Stock Markets|US
S&P 500 to end 2024 with small gain after strong 2023: Reuters poll
The S&P 500 will finish this year above the 5,000 mark, but up just a little more than 2% from its current level, as it remains unclear when the Federal
April 26, 2024
Finance|Stock Markets|US
Goldman Sachs no longer expects US interest rate cut in May
Goldman Sachs' analysts no longer expect a U.S. interest rate cut in May and see four 25 basis point cuts this year, as policymakers' rhetoric suggests they are in no rush.
April 26, 2024
Economy|Finance|US
Fed's Jefferson says he is 'cautiously optimistic' about inflation
Federal Reserve Vice Chair Philip Jefferson said on Thursday he remained "cautiously optimistic" about the U.S. central bank's progress in bringing inflation
April 26, 2024
Business
Fed's Harker: Central bank likely on track for rate cut this year
By Michael S.
April 26, 2024
News|Uncategorized|US
Fed's Cook: need more confidence on inflation before cutting rates
U.S.
April 26, 2024
Economy|Finance|News|US
US inflation data for January made Fed's job 'harder,' Barkin says
Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions,
April 26, 2024
Business|Economy|Finance|US
S&P expects US real GDP growth of 2.4% in 2024
Ratings agency S&P Global said on Wednesday it now expects U.S. real GDP growth of 2.4% in 2024.
April 26, 2024
Uncategorized
Fed officials ready to start full tilt balance sheet debate at March FOMC
By Michael S.
April 26, 2024
Economy|Finance|News|US
Fed concerned about cutting rates too soon, minutes of Jan. 30-31 meeting show
The bulk of policymakers at the Federal Reserve's last meeting were concerned about the risks of cutting interest rates too soon, with
April 26, 2024
Business|Economy|Finance
Dollar rangebound, an array of PMI data awaited
The dollar held broadly steady on Thursday as traders awaited a slew of business activity surveys to gauge the health of major economies and what that may mean for the
April 26, 2024
News|US
US Supreme Court weighs bid to challenge debit card 'swipe fee' rule
The U.S.
April 26, 2024
News|US
Fed to cut US rates in June, risks skewed towards later move: Reuters poll
The U.S.
April 26, 2024
Arts|Science
Column-The 'art' of rate cut timing - or clumsy indecision? :Mike Dolan
Art more than science?
April 26, 2024
Asia|Business|Economy|Finance|News|Stock Markets
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to
April 26, 2024
Business|Economy|Finance
Oil down in thin trade as US gears up for Presidents' Day
Oil prices edged down on Monday morning as markets digested comments from U.S.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Traders see rising chance Fed defers first rate cut beyond June
Traders of futures contracts tied to the Federal Reserve policy rate pared bets on Friday that the U.S central bank will start cutting interest rates in June after a government report
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Marketmind: Global stocks at two-year highs, Nikkei skirts record
A look at the day ahead in U.S. and global markets from Mike Dolan A confusing mix of red hot stock markets, chilly U.S. economic updates and hawkish Federal Reserve noises make for a foggy end to the
April 26, 2024
Uncategorized
Fed's Bostic: More time needed to weigh prospect of rate cut
By Michael S.
April 26, 2024
Business|Economy|Finance|US
Fed's Bostic: Good liquidity means Fed balance sheet cuts can continue
Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday he sees no reason right now to stop the central bank's ongoing drawdown of liquidity from the market.
April 26, 2024
Business|Economy|Finance|US
Fed's Barr says supervisors more aggressive in past year, focused on commercial real estate risk
The Federal Reserve's top regulatory official said Friday that bank supervisors have been flagging problems at banks at a higher rate in the past year, and are "closely focused"
April 26, 2024
Economy|Finance|News|US
Fed needs time, data, patience on inflation fight: Daly
Despite "remarkable" progress on U.S. inflation, Federal Reserve Bank of San Francisco President Mary Daly said on Friday "there is more work to do" to ensure stable prices - a phrase that
April 26, 2024
Business|Economy|Finance|US
US dollar to remain world's reserve currency, Fed's Waller says
Federal Reserve Governor Christopher Waller on Thursday laid out the case for the world's continued reliance on the U.S. dollar and the currency's dominance in international trade, a key
April 26, 2024
Business|Economy|Finance|US
US dollar falls after retail sales data
The dollar extended losses against a basket of currencies on Thursday after data showed U.S. retail sales dropped more than expected last month, reinforcing expectations of
April 26, 2024
Business|Economy|Finance|US
Foreign holdings of US Treasuries surge to all-time high in December -data
Foreign holdings of U.S.
April 26, 2024
Economy|Finance|News|US
Fed Chair Powell to give Congress monetary policy update in early March
Federal Reserve Chair Jerome Powell will give the Senate banking committee its biannual monetary policy update on March 7, a spokeswoman for the committee said.
April 26, 2024
Economy|Finance|US
Column-The dollar's 'smile' looks painted on: McGeever
Only a return of more aggressive Fed easing speculation or a switch out of relatively expensive U.S. stocks seems likely to wipe the dollar's smile off
April 26, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Oil prices fall on sticky inflation, bigger-than-expected US crude stock build
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in
April 26, 2024
Economy|Finance|Stock Markets|US
Futures climb after Wall St sell-off; rate-cut jitters loom
U.S. stock index futures recovered some ground on Wednesday from a sharp sell-off in the previous session, as data showed inflation did not cool as expected, fanning uncertainty on the
April 26, 2024
Economy|Finance|News|US
Fed's Waller says post-pandemic response to inflation was 'not textbook'
The Federal Reserve bound itself to promises during the coronavirus pandemic that proved too constraining once inflation started to surge, forcing the U.S.
April 26, 2024
Economy|Finance|News|US
Fed's Barr: January data shows path to 2% inflation will be "bumpy"
Hotter-than-expected inflation in January shows that the U.S.'s path back to 2% inflation "may be a bumpy one," Fed Vice Chair for Supervision Michael Barr
April 26, 2024
Business|Economy|Finance|US
Dollar reigns supreme as hot CPI cools bets for Fed cuts
The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Analysis-Investors hope strong US economy can insulate stocks from yield surge
As Treasury yields march higher, some investors are betting a resilient U.S. economy and moderating inflation can shield stocks from their
April 26, 2024
Economy|Finance|News|US
Warm Jan US CPI reinforces that inflation still outside Fed comfort zone
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
April 26, 2024
Economy|Finance|News|US
Traders bet Fed won't cut rates until June as inflation fails to cool
Federal Reserve policymakers will probably wait until June before cutting interest rates, traders bet on Tuesday, after a government report showed consumer inflation ran higher than
April 26, 2024
Business|Finance|US
Sharp US Treasury yield decline on pause as Fed shows patience on rates: Reuter poll
The recent sharp decline in U.S.
April 26, 2024
Uncategorized
NY Fed survey finds stability in January inflation expectations
By Michael S.
April 26, 2024
Business|Finance|Stock Markets|US
Marketmind: 5,000 reasons for optimism
A look at the day ahead in U.S. and global markets by Amanda Cooper. The S&P 500 has finally broken the magic 5,000-level and just as the fourth-quarter results season winds down.
April 26, 2024
Business|Economy|Finance|World
IMF's Gopinath urges central banks to move cautiously on any rate cuts
The No. 2 official at the International Monetary Fund on Monday said inflation had come down in many countries and the global economy appeared headed for a soft landing, but
April 26, 2024
Business|Economy|Europe|Finance
Marketmind: US inflation looms large with Asia on holiday
A look at the day ahead in European and global markets from Wayne Cole.
April 26, 2024
Asia|Economy|Finance|Stock Markets|US
Dollar steady, US inflation data tops this week's bill
The dollar was steady on Monday as a holiday in most major Asian markets subdued the start of what could turn into a busy week, with all eyes on U.S. inflation data for clues on
April 26, 2024
Asia|Business|Economy|Finance
Yen near 10-week low, dollar buoyant as traders adjust rate bets
The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialled back bets on how quickly the Bank of Japan
April 26, 2024
Business|Economy|Finance|US
US December consumer prices revised lower
U.S. monthly consumer prices rose less than initially estimated in December, revised government data showed on Friday.
April 26, 2024
Business|Finance|News|Stock Markets|US
Market breadth suggests narrowing rally as S&P 500 hits records
As the S&P 500 has soared to fresh highs, fewer stocks have been participating in the rally, stirring worries that recent gains could reverse if the market’s
April 26, 2024
Finance|Stock Markets|US
Futures edge higher ahead of revised 2023 inflation data
U.S. stock index futures edged higher on Friday, a day after the benchmark S&P 500 breached the 5,000-mark for the first time, while investors looked ahead to inflation data for hints on
April 26, 2024
Economy|Finance|News|US
Fed's Collins says her baseline expectation is 75 bps of rate cuts this year
Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely cut interest rates by three-quarters of a percentage point this year,
April 26, 2024
Business|Economy|Finance|News|US
Fed's Barkin says he's cautious about accuracy of recent economic data
Recent stronger-than-expected data on the U.S. economy may be partly due to the difficulty of making accurate seasonal adjustments around the beginning of a new year, Richmond Federal
April 26, 2024
Economy|Health|News|US
Fed policy shift needs a farewell to 'elevated' inflation
As they navigated the onset of the COVID-19 pandemic Federal Reserve officials had a steady progression of descriptions for inflation, first saying it
April 26, 2024
Business|Economy|Finance|US
US swap spreads seen widening if Fed QT speculation pans out
An early end or a slowdown in the pace of the Federal Reserve's ongoing balance sheet reduction would cut the supply of U.S. government debt, a move
April 26, 2024
Business|Europe
Marketmind: Waiting for Beijing to get real on markets
A look at the day ahead in European and global markets from Wayne Cole.
April 26, 2024
Business|Finance|Stock Markets|US
Futures flat with focus on earnings, rate-cut expectations
U.S. stock index futures were muted on Wednesday though shares of Ford and Snap saw significant moves following their quarterly results, while investors were on the look out for clues from
April 26, 2024
News|US
Fed's Kugler: "Optimistic" on inflation, though that remains policy focus
U.S.
April 26, 2024
Business|Economy|Finance|US
Column-Get used to bloated Fed balance sheet - it's here to stay: McGeever
The Federal Reserve may have lopped more than $1 trillion off its balance sheet but it's difficult to envisage a scenario where its bond holdings return
April 26, 2024
Business|Economy|Finance|News|US
Analysis-Uncertainty creeps back into US Treasury market after Fed, blockbuster data
A rethink on when the Federal Reserve will cut interest rates is reverberating through the fixed income market, heightening risk for those betting the
April 26, 2024
Uncategorized
New York Fed finds slightly higher supply chain pressure in January
By Michael S.
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US|World
Marketmind: Rates rebound cools, China commands rally
A look at the day ahead in U.S. and global markets from Mike Dolan World markets found their footing again on Tuesday as China's panicky markets staged a sharp rally on reports the government may
April 26, 2024
Economy|Finance|Stock Markets|US
Futures subdued with focus on pharma earnings, rate expectations
U.S. stock index futures were muted on Tuesday with earnings from pharma companies on the radar, while investors looked ahead to commentary from Federal Reserve officials for clues on the
April 26, 2024
Business|Economy|Finance|News|US
Fed's Mester open to rate cuts if clear inflation is easing further
Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday if the U.S. economy performs as she expects it could open the door to rate cuts, but she’s not ready yet to offer
April 26, 2024
Business|Economy|Finance
Dollar remains a force to reckon with; analysts wary of US currency's strength: Reuters poll
A resurgent dollar is more likely to stay strong than not over the coming months, according to foreign exchange strategists polled by Reuters,
April 26, 2024
Business|Economy|Finance|Stock Markets|US
US banks see loan demand rising as rates fall in 2024: Fed survey
U.S. banks expect to hold steady or tighten credit standards this year even as they anticipate an increase in demand for loans of all types as interest rates fall, according to a Federal
April 26, 2024
Business|Economy|Finance|News|US
Marketmind: Rough winds do shake the darling buds of May
A look at the day ahead in U.S. and global markets by Alun John Markets, until last week's blowout jobs numbers, were all but certain that the Federal Reserve would have cut interest rates by its May
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Futures under pressure as Treasury yields climb; earnings on tap
U.S. stock index futures dipped on Monday, pressured by rising Treasury yields, as investors turned cautious on the timing of interest rate cuts while awaiting more quarterly reports from
April 26, 2024
Economy|Finance|US
Fed's Kashkari: Strong economy means Fed has time to study data before rate cuts
A resilient economy and a possibly higher neutral rate of interest means the U.S.
April 26, 2024
Business|Economy|Finance|US
Dollar firms near 3-month high as rate cut bets dwindle
The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely
April 26, 2024
Economy|Finance|News|US
Deutsche Bank no longer expects U.S. recession in 2024
Deutsche Bank no longer expect the U.S. economy to tip into recession this year, given cooling inflation and the labor market returning to a "better balance" without unemployment rising
April 26, 2024
Business|Economy|Finance|News|US
US factory orders rise moderately in December
New orders for U.S.-made goods rose just moderately in December, but a pick up is likely in the months ahead as unfilled orders continued to pile up.
April 26, 2024
Business|Economy|Finance|US
Scorching US economy throws off market's Fed cut narrative
Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve
April 26, 2024
Economy|Finance|News|US
Fed's Bowman sees inflation falling, calls for caution on rate cuts
Federal Reserve Governor Michelle Bowman on Friday said she expects U.S. inflation to decline further, but flagged worries about upward price pressure from rising wages and warned against
April 26, 2024
News|US
Fed can be 'prudent' in weighing rate cuts, Powell tells '60 Minutes'
The U.S.
April 26, 2024
Business|Economy|Finance|Stock Markets
Dollar scales fresh peaks as Fed cut bets recede
The dollar rose to an eight-week high against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year in view
April 26, 2024
Economy|Election|Finance|US
Trump would not reappoint Powell as Fed chief
Former President Donald Trump said he would not reappoint Federal Reserve Chair Jerome Powell if Trump wins this year's presidential election, the Republican frontrunner told Fox Business
April 26, 2024
Economy|Finance|News|US
Strong job gains may deal blow to Fed confidence on inflation
Federal Reserve policymakers seeking greater confidence that inflation is on track to their 2% goal were dealt a setback on Friday when new data showed
April 26, 2024
Business|Economy|Finance|US
IMF's Georgieva backs Fed's stance, sees risks in waiting too long to ease rates
International Monetary Fund Managing Director Kristalina Georgieva on Thursday said she anticipates that the Federal Reserve would begin to cut U.S. interest rates in "a matter
April 26, 2024
Uncategorized
Fed bank lending facility still key liquidity source despite rate change
By Michael S.
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Explainer-Charting the Fed's economic data flow
The Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the end of its Jan. 30-31 policy meeting, but said it would consider reducing it once it
April 26, 2024
Business|Economy|Finance|US
Dollar poised for weekly decline; US jobs data up next
The dollar fell broadly on Friday in a bout of positive risk sentiment following upbeat big tech earnings on Wall Street, while traders awaited U.S. jobs data due
April 26, 2024
Finance|News
Column-Dating first rate cuts a 'red herring' for bonds: Mike Dolan
Everyone's guilty of it - but an obsessive guessing game over precise dates for the first central bank interest rate cuts this year seems increasingly pointless to
April 26, 2024
Business|Economy|Finance|US
Analysis-Productivity bump another step for Fed toward inflation "confidence"
U.S. worker productivity gains running well above the long-term average may help buttress the Federal Reserve's faith that inflation is contained and further
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Traders pare bets on March start to Fed rate cuts
Traders on Wednesday trimmed bets the Federal Reserve will begin a series of interest-rate cuts as soon as March, and now see a May start to rate cuts as about as likely.
April 26, 2024
Business|Economy|Finance
Oil edges up on U.S. Fed rate signals, China property sector support
Global oil prices climbed in early trade on Thursday, supported by signals from the U.S.
April 26, 2024
Business|Europe|Finance|Stock Markets
Marketmind: For markets, a Fed delay means more in May
A look at the day ahead in European and global markets from Wayne Cole.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Marketmind: Fed shuffles rate diary, BoE and Apple awaited
A look at the day ahead in U.S. and global markets from Mike Dolan A relaxed Federal Reserve is nudging markets to a May rather than March interest rate cut even as regional bank stocks rumble again -
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Goldman Sachs pushes back Fed rate cut expectation to May from March
Goldman Sachs pushed back its expectation of the U.S. Federal Reserve starting interest rate cuts to May from March, after Chair Jerome Powell's signaled delays in cuts.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures climb following Wall St selloff after Fed holds rates steady
U.S. stock index futures rose on Thursday, following a Wall Street selloff in the previous session as the Federal Reserve dashed hopes for early interest rate cuts, with the focus moving
April 26, 2024
Business|Finance|US
Federal Reserve further expands investing restrictions to more of its top staff
The Federal Reserve on Wednesday further expanded the number of policy makers covered by its new ethics regime.
April 26, 2024
Economy|Finance|Stock Markets|US
Dollar hovers near 7-week high as Fed cut bets shift to May
The dollar hovered close to the highest level in seven weeks against the euro on Thursday, after Federal Reserve Chair Jerome Powell pushed back on the idea of a
April 26, 2024
Business|Economy|Finance|News|US
Fed Chair Powell faces tough communications task on rate cuts ahead
Federal Reserve Chair Jerome Powell has a tough task on Wednesday as he wraps up the U.S. central bank's first policy meeting of 2024: signaling an end to interest-rate hikes
April 26, 2024
Economy|Finance|News|US
Citadel's Griffin says cooling inflation could lead to Fed rate cuts this summer
Cooling inflation in the United States gives the Federal Reserve room to potentially start cutting interest rates this summer, Citadel founder and billionaire investor Ken Griffin said on
April 26, 2024
Business|Economy|News|US
US job openings unexpectedly rise in December
U.S. job openings unexpectedly rose in December and data for the prior month was revised higher, suggesting the labor market likely remains too strong for the Federal Reserve to
April 26, 2024
Business|Economy|Finance|Stock Markets|US
US economic expansion likely hinges on a nimble Fed this time
It took a stock market crash, a housing crash and a pandemic to kill the last three U.S. economic expansions.
April 26, 2024
Business|Economy|Stock Markets|Technology|US
Futures struggle for direction ahead of key jobs data, big tech earnings
Futures on Wall Street's main indexes were muted on Tuesday, as investors braced for a crucial jobs report to gauge the U.S. labor market's strength, and awaited high-profile tech earnings
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures muted ahead of Fed decision, tech earnings this week
U.S. main index futures were subdued at the start of a week packed with major events including the Federal Reserve's rate decision and big-ticket tech earnings that could set the tone for
April 26, 2024
Business|Economy|Finance|US
Fed meeting likely to see start of debate over ending balance sheet contraction
Decision time is close at hand for the Federal Reserve to plan the mechanics of how it ends the winddown of a balance sheet that remains swollen by historic standards.
April 26, 2024
Economy|US
Fed in a trust-but-verify moment as inflation falls
In economic projections issued after their December meeting U.S.
April 26, 2024
Business|Economy|Finance|News|US
Bond investors gear up for looming Fed interest rate cuts
Bond investors are expecting the Federal Reserve to drop its bias toward hiking interest rates at a policy meeting this week to prepare the market for
April 26, 2024
Economy|Finance|News|US
US prices rise moderately in December, inflation trending lower
U.S. prices rose moderately in December, keeping the annual increase in inflation below 3% for a third straight month, which could allow the Federal Reserve to start cutting
April 26, 2024
News|US
US budget gap should prompt Treasury to increase auction sizes again
The U.S.
April 26, 2024
Business|Economy|Finance|US
Traders keep bets the Fed's rate cuts will start in May
Inflation is cooling, but not quite quick enough to allow the U.S. central bank to deliver its first interest-rate reduction by March, with traders betting on Friday that May
April 26, 2024
Business|Economy|Finance|US
Instant view: Mild Dec US PCE inflation won't divert Fed from easing in 2024
U.S. prices rose moderately in December, keeping the annual increase in inflation below 3% for a third straight month, which could allow the Federal Reserve to start cutting
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Futures fall as Intel forecast hurts chip stocks; inflation data eyed
U.S. stock index futures fell on Friday as chip stocks sagged on a dour revenue forecast from Intel, while a crucial inflation print that could influence the Federal Reserve's monetary
April 26, 2024
Economy|Finance|News|US
Five signs the Fed's pivot is underway before even a single rate cut
Federal Reserve policymakers have signaled they won't cut U.S. interest rates just yet; economists think they will wait until June, given ongoing strength in household
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Fed, earnings and economic data to test U.S. stocks at record highs
The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy
April 26, 2024
Economy|Finance|US
Dollar steady in cautious start to busy data, Fed week
The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while
April 26, 2024
Business|Economy|Europe|Finance|Stock Markets|US
Take Five: Over to the Fed
The Federal Reserve and the Bank of England, grabbing the baton from the ECB and the Bank of Japan, hold their first meetings of the year while U.S. tech giants and Europe banks report
April 26, 2024
Business|Economy|Finance|US
Nomura expects Fed to cut interest rates by 100 bps in 2024
Nomura on Friday forecast the U.S.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Marketmind: PCE in our time as US economy impresses
A look at the day ahead in U.S. and global markets from Mike Dolan There was little for markets to dislike in the impressive sweep of U.S. economic and corporate healthchecks on Thursday - unless of
April 26, 2024
Business|Economy|News|US
Moderate US economic growth expected in fourth quarter
The U.S. economy likely grew at its slowest pace in 1-1/2 years in the fourth quarter as businesses throttled back on inventory investment and consumer
April 26, 2024
Business|Economy|Finance|US
Fed to allow emergency bank lending program expire on March 11
The Federal Reserve announced on Wednesday that it will allow its Bank Term Funding Program to expire as scheduled on March 11, as it wraps up a lifeline program created for banks during
April 26, 2024
Economy|Finance|News|US
Fed's Daly: Policy in a 'good place,' risks 'balanced'
San Francisco Federal Reserve Bank President Mary Daly on Friday said she believes the U.S. economy and monetary policy both are in a "good place," and the risks have grown more balanced
April 26, 2024
Business|Economy|Finance|US
Dollar holds near one-month peak as dovish Fed bets recede
The dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal
April 26, 2024
Business|Economy|Finance|US
US economic activity little changed in recent weeks, Fed survey shows
U.S. economic activity saw little or no change from December through early January, while firms reported pricing pressures were mixed and nearly all cited signs of a
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
US business inventories fall in November
U.S. business inventories fell for a second straight month in November amid declines in retail and wholesale stocks, which could see inventory investment subtracting from
April 26, 2024
Business|Economy|Finance|News|US
Goldman Sachs CEO says US economy looks constructive but cautions on inflation
Goldman Sachs CEO David Solomon expects the U.S. economy to avoid a big slowdown this year, but warned that inflation could remain more stubborn than
April 26, 2024
Economy|Finance|US
Column-Focus sharpens on Fed's disappearing reverse repo: McGeever
As the amount of cash parked at the Federal Reserve's overnight reverse repo facility (ON RRP) hurtles towards zero, the Fed's visibility on the minimum
April 26, 2024
Business|Finance|News|Stock Markets
UBS lifts 2024 year-end S&P 500 target to 5,150, tops big banks
UBS Global Research increased its year-end target for the S&P 500 on Tuesday to 5,150, marking the highest projection among major global banks and indicating a potential 8% upside from
April 26, 2024
Business|Economy|Finance|News|Stock Markets|US
Fed's Waller says US "within striking distance" of inflation goal
The U.S. is "within striking distance" of the Federal Reserve's 2% inflation goal, but the central bank should not rush towards cuts in its
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Analysis-Coming flood of US Treasury issuance unsettles some investors after blazing rally
Cracks are forming in the market’s bullish consensus for bonds, as resurfacing fiscal concerns duel with expectations that cooling inflation will push the
April 26, 2024
Economy|Finance|News|US
US producer prices unexpectedly fall; goods deflation seen persisting
U.S. producer prices unexpectedly fell in December amid declining costs for goods such as diesel fuel and food, suggesting inflation would continue to subside
April 26, 2024
Political
Trump's broadsides in 2018 were met with veritable silence at Fed, transcripts show
By Howard Schneider and Michael S.
April 26, 2024
Business|Economy|Finance|US
Fed reports steep paper loss for 2023 amid surge in interest expenses
Rising income expenses pushed the Federal Reserve system deep into the red last year, the central bank said in preliminary figures released on Friday.
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Slightly hot Dec US CPI suggests Fed won't rush to cut
U.S. consumer prices increased more than expected in December as rents maintained their upward trend, which could delay a much anticipated interest rate cut in March from the
April 26, 2024
Economy|Finance|News|US
'Remarkable' surge in auto insurance costs fans US inflation
Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto
April 26, 2024
Finance|News|Stock Markets|US
Marketmind: Crude shrugs at Yemen strikes, banks report
A look at the day ahead in U.S. and global markets from Mike Dolan Much like the slightly peculiar debt market nonchalance after December's sticky inflation readout, world markets have remained calm
April 26, 2024
Economy|Finance|News|US
Dollar steady as markets assess higher-than-expected US CPI
The dollar held steady against peer currencies on Friday, as investors weighed higher-than-expected U.S. consumer price inflation against market bets that the Federal
April 26, 2024
Economy|News|US
Fitch no longer expects a US recession, forecasts three rate cuts
Credit rating agency Fitch no longer forecasts a U.S. recession this year due to several signs of strength in the economy, Fitch Ratings’ Chief Economist Brian Coulton said in a
April 26, 2024
Uncategorized
Markets tweak Fed balance sheet views after comments from Dallas Fed chief
By Michael S.
April 26, 2024
News|US
Fed considering changes to Basel proposal: supervision chief
Officials at the U.S.
April 26, 2024
Business|Economy|Finance|US
Dollar steady as traders brace for US inflation data, bitcoin volatile
The dollar was steady on Wednesday in cautious trading ahead of U.S. inflation data due later this week that is likely to influence the Federal Reserve's policy
April 26, 2024
Uncategorized
US consumers see smaller inflation gains ahead, New York Fed says
By Michael S.
April 26, 2024
Business|Economy|Finance|News|US
Fed's Bowman says policy rate appears 'sufficiently restrictive'
Federal Reserve Governor Michelle Bowman on Monday said the U.S. central bank's monetary policy appears "sufficiently restrictive" to bring inflation back down to the Fed's 2% target.
April 26, 2024
Business|Economy|Finance|US
Atlanta Fed's Bostic says bias remains for policy to stay tight
Atlanta Federal Reserve President Raphael Bostic said on Monday that with inflation still above the central bank's 2% target, his bias is for monetary
April 26, 2024
Business|Economy|Finance|News|US
As pandemic 'jobs hole' closes, Fed finds labor market easing elusive
The U.S. economy ended last year with the labor scars from the COVID-19 pandemic effectively healed and a quandary for Federal Reserve policymakers so far
April 26, 2024
Business|Economy|Finance|US
US service sector slows in December as employment plummets - ISM survey
The U.S. services sector slowed considerably in December, with a measure of employment dropping to the lowest level in nearly 3-1/2 years, a survey showed on Friday.
April 26, 2024
Business|Economy|Finance|US
US economy cranks out jobs at brisk clip in December; wages increase
U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Traders pare bets on March start to Fed rate cuts after strong jobs data
Traders on Friday tempered expectations for the Federal Reserve to start cutting interest rates in March after the U.S. government's monthly labor market report showed employers added more
April 26, 2024
Uncategorized
NY Fed says global supply chain pressures eased in December
By Michael S.
April 26, 2024
Business|Economy|Finance|US
Marketmind: Fed fizz goes a bit flat
A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve is now wary of a sudden fracture in the U.S. labor market, it won't be unduly alarmed by what it's seen of
April 26, 2024
Business|Economy|Finance|Stock Markets|US
Investors flee to US money market funds on caution as rate cut optimism cools
U.S. investors reduced holdings in equity funds, shifting to money market funds amid caution before key payroll reports, as a stock market rally eased and they awaited further evidence to
April 26, 2024
Business|Economy|Finance|US
Fed's Logan: should not rule out another rate hike
Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the U.S. central bank may need to resume raising its short-term policy rate to keep a recent
April 26, 2024