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January FOMC minutes: Little risk in pause

1 day ago DieselGasoil Comments Off on January FOMC minutes: Little risk in pause
(Reuters) – Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed’s rate hikes to date on U.S. economic momentum. The Federal Reserve building is Read More

Chance of a U.S. recession up, number of Fed rate hikes down: Reuters poll

7 days ago DieselGasoil Comments Off on Chance of a U.S. recession up, number of Fed rate hikes down: Reuters poll
BENGALURU (Reuters) – There is a one-in-four chance of a U.S. recession in the next 12 months, a scenario that should keep the Federal Reserve from raising interest rates next month, according to a Reuters poll of economists who now expect only one rate hike this year. FILE PHOTO: People walk in the sun during Read More

Global markets greet sign of trade truce extension with glee

1 week ago DieselGasoil Comments Off on Global markets greet sign of trade truce extension with glee
LONDON (Reuters) – Investors hungry for progress on a U.S.-China trade war seized on U.S. President Donald Trump’s comment that he could let a March 1 deadline for a trade agreement with China “slide”, taking this as a cue to buy stocks and sell bonds on Wednesday. FILE PHOTO: Traders prepare before the opening of Read More

Fed to finalize plans to end balance sheet runoff 'at coming meetings': Mester

1 week ago DieselGasoil Comments Off on Fed to finalize plans to end balance sheet runoff 'at coming meetings': Mester
FILE PHOTO: Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton CINCINNATI (Reuters) – The Federal Reserve will chart plans to stop letting its bond holdings roll off “at coming meetings,” Cleveland Fed President Loretta Mester said on Tuesday, signaling Read More

Slowing global economic growth to deter U.S. rate hikes: RBC's Bishop

2 weeks ago DieselGasoil Comments Off on Slowing global economic growth to deter U.S. rate hikes: RBC's Bishop
NEW YORK (Reuters) – U.S. central bankers are done raising domestic interest rates amid signals from Asia and Europe that global economic growth is sputtering, according to RBC Wealth Management’s lead fixed-income strategist. FILE PHOTO: Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. REUTERS/Kevin Lamarque/File Photo Read More

U.S. weekly jobless claims fall from one-and-a-half-year high

2 weeks ago DieselGasoil Comments Off on U.S. weekly jobless claims fall from one-and-a-half-year high
WASHINGTON, (Reuters) – The number of Americans filing applications for unemployment benefits dropped from near a 1-1/2-year high last week, pointing to continued labor market strength. Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida Initial claims for state unemployment benefits tumbled 19,000 to a seasonally adjusted Read More

Stocks recede from two-month highs; Aussie dollar tanks

2 weeks ago DieselGasoil Comments Off on Stocks recede from two-month highs; Aussie dollar tanks
NEW YORK (Reuters) – The Australian dollar tumbled on Wednesday after the country’s central bank signaled a possible interest-rate cut in the latest indication that a global economic slowdown is tilting policymakers toward looser monetary policy, while a gauge of world equity markets edged off two-month highs. A man smokes next to the Reserve Bank Read More

Wall Street rally pauses after underwhelming revenue forecasts

2 weeks ago DieselGasoil Comments Off on Wall Street rally pauses after underwhelming revenue forecasts
NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday as videogame makers reported disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2019. REUTERS/Brendan McDermid The benchmark S&P 500 and the Read More

Wall Street dips after disappointing forecasts from video game companies

2 weeks ago DieselGasoil Comments Off on Wall Street dips after disappointing forecasts from video game companies
(Reuters) – U.S. stocks dipped on Wednesday as disappointing forecasts from videogame makers pulled the communications sector lower, but a boost from technology companies kept the indexes near two-month highs. FEBRUARY 5, 2019 – WASHINGTON, DC: President Donald Trump delivered the State of the Union address, with Vice President Mike Pence and Speaker of the Read More

Small-cap stocks shrug off debt concerns, for the moment

2 weeks ago DieselGasoil Comments Off on Small-cap stocks shrug off debt concerns, for the moment
NEW YORK (Reuters) – Small-cap stocks were among the biggest losers during the stock market’s rout late last year as investors worried about high leverage, but they have outperformed in 2019’s rebounding market, with shares of debt-laden companies leading the charge. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) Read More