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Powell says Fed insulated from politics, wrestling with rate cuts

7 hours ago DieselGasoil Comments Off on Powell says Fed insulated from politics, wrestling with rate cuts
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Read More

Powell says Fed is wrestling with whether to cut rates, insulated from politics

9 hours ago DieselGasoil Comments Off on Powell says Fed is wrestling with whether to cut rates, insulated from politics
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers wrestle with whether to cut rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting Read More

U.S. banks clear first hurdle of Federal Reserve’s annual stress test

4 days ago DieselGasoil Comments Off on U.S. banks clear first hurdle of Federal Reserve’s annual stress test
WASHINGTON (Reuters) – The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their yearly health checks with the U.S. Federal Reserve that assess their ability to weather a major economic downturn. The Read More

Rate-cut euphoria elevates S&P 500 to record high

5 days ago DieselGasoil Comments Off on Rate-cut euphoria elevates S&P 500 to record high
(Reuters) – The S&P 500 index touched a record high on Thursday, driven Wall Street’s expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth. The U.S. central bank left rates unchanged at the end of its two-day policy meeting on Read More

Fed rate-cut hints power S&P 500 to all-time high

5 days ago DieselGasoil Comments Off on Fed rate-cut hints power S&P 500 to all-time high
(Reuters) – A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve’s signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth. The U.S. central bank left rates unchanged at the end Read More

S&P 500 hits record high as Fed signals rate cuts

5 days ago DieselGasoil Comments Off on S&P 500 hits record high as Fed signals rate cuts
(Reuters) – The S&P 500 index touched an all-time high on Thursday, after the Federal Reserve indicated that it could cut interest rates as early as July to combat growing risks to global and domestic growth. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June Read More

S&P 500 hits all-time high as Fed signals rate cuts

6 days ago DieselGasoil Comments Off on S&P 500 hits all-time high as Fed signals rate cuts
(Reuters) – The S&P 500 index hit a record high on Thursday, after the Federal Reserve indicated that it could cut interest rates as soon as next month to offset growing risks to global and domestic growth. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More