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Fed's balance sheet plan, economic outlook under microscope

9 hours ago DieselGasoil Comments Off on Fed's balance sheet plan, economic outlook under microscope
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. Federal Reserve Board building on Constitution Avenue is pictured in Read More

Price Indexes Say A Recession Is Not Close

2 days ago DieselGasoil Comments Off on Price Indexes Say A Recession Is Not Close
This week we saw (finally) the price indices for February 2019 consumer prices, producer prices, and import prices. All showed low inflation, and generally downward trends. What is interesting is that historically recessions have not occurred when the rate of inflation slows (or is low). Recessions Read More

Deutsche Bank and Commerzbank go public on merger talks

3 days ago DieselGasoil Comments Off on Deutsche Bank and Commerzbank go public on merger talks
FRANKFURT (Reuters) – Deutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany’s two largest lenders are gaining pace. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Read More

Deutsche Bank set to go public on Commerzbank merger talks

3 days ago DieselGasoil Comments Off on Deutsche Bank set to go public on Commerzbank merger talks
FRANKFURT (Reuters) – Deutsche Bank was set on Sunday to confirm merger talks with Commerzbank, according to a person with knowledge of the matter, an indication that efforts to combine Germany’s two largest lenders are gaining pace. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, Read More

Economic recovery talk is smoke & mirrors as corporate debt bubble ready to bust – Richard Wolff

4 days ago DieselGasoil Comments Off on Economic recovery talk is smoke & mirrors as corporate debt bubble ready to bust – Richard Wolff
Low interest rates allowed companies to borrow money at no cost. But instead of increasing productivity, the financing was used to drive up the cost of shares, setting the stage for imminent collapse, Prof. Richard Wolff told RT. US private corporate debt stands at a whopping $9 trillion, and that spells major trouble for the Read More

Worried about next downturn? U.S. credit funds may offer early clues

1 week ago DieselGasoil Comments Off on Worried about next downturn? U.S. credit funds may offer early clues
NEW YORK (Reuters) – It seemed like an opportunity a lender would not want to miss. FILE PHOTO: An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham The loan paid 10.25 percent interest which would go up if a benchmark rose. The borrower was Trident Read More

U.S. retail sales rebound but not enough to jolt slowing economy

1 week ago DieselGasoil Comments Off on U.S. retail sales rebound but not enough to jolt slowing economy
WASHINGTON (Reuters) – U.S. retail sales rose modestly in January after a December drop that was even larger than originally estimated, but the recovery was not seen strong enough to alter the course of a U.S. economy that was losing momentum in early 2019. FILE PHOTO: People walk with shopping bags at Roosevelt Field mall Read More

Powell: Fed not in 'any hurry' to change rates amid global risks – tv

1 week ago DieselGasoil Comments Off on Powell: Fed not in 'any hurry' to change rates amid global risks – tv
FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Sunday the U.S. central bank does “not feel any hurry” to change the level of Read More

Fed's Powell says no immediate policy responses needed to economy

2 weeks ago DieselGasoil Comments Off on Fed's Powell says no immediate policy responses needed to economy
PALO ALTO (Reuters) – The Federal Reserve does not see problems in the U.S. economy that warrant an immediate change in its policy, and it will be careful not to shock financial markets as it stabilizes its bond portfolio, Fed Chair Jerome Powell said on Friday. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a Read More