Fed’s commitment to act upstaged by Trump’s furor
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy, but…
Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war…
Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal…
U.S. yield curve inversion highlights recession fears, Fed dilemma
NEW YORK (Reuters) – When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in borrowing…
U.S. import prices rebound, but trend remains subdued
WASHINGTON (Reuters) – U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures. FILE PHOTO: A stack of shipping…
Investors look for consumer pressure ahead of next tariffs
(Reuters) – As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on U.S. consumers as top retailers begin reporting quarterly…
Trump wants weaker dollar but it could be a hard sell
WASHINGTON/SAN FRANCISCO (Reuters) – President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken…
U.S. retail sales ease fears over economy; rate cut still seen
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from…
Bostic: Fed’s focus is its mandates not market pricing for rate cuts
ATLANTA (Reuters) – Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S. economy that…
Fed’s Powell affirms rate cut view; others see U.S. economy humming
ATLANTA/VICTOR, Idaho (Reuters) – As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from…