News
Indiana unemployment rate drops to 3. 3%
1+ hour, 36+ min ago (44+ words) 102. 7 WBOW Indiana unemployment rate drops to 3. 3% Indiana's unemployment rate in May was 3. 3%, 1% lower than the national average, with Construction, Leisure & Hospitality, and Professional & Business Services seeing the biggest increases in jobs....
Dollar heads for weekly drop as jobs data dims Fed hike bets
3+ day, 13+ hour ago (493+ words) HONG KONG, July 3 (Reuters) " The U. S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for "the embattled…...
Borrowed money fueling US stock rally is getting more expensive
1+ week, 5+ hour ago (670+ words) NEW YORK, June 29 (Reuters) " The borrowed money helping to fuel the U. S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the math will work. Inflows into leveraged exchange-traded products, rising stock…...
Supreme Court ruling, ECB conference likely to further frame Fed chief Warsh's early tenure
1+ week, 1+ day ago (876+ words) WASHINGTON, June 27 (Reuters) " Federal Reserve Chairman Kevin Warsh's early leadership of the U. S. central bank faces fresh tests this week, with an appearance before a high-profile economic conference in Portugal and the U. S. Supreme Court's expected ruling on the legality of President…...
Brazil still has room for more interest rate cuts, says finance minister
2+ week, 3+ day ago (208+ words) SAO PAULO/BRASILIA, June 18 (Reuters) " Brazil's Finance Minister Dario Durigan said on Thursday that there was still room "for further interest rate cuts in "Brazil, but emphasized that it was the central bank's prerogative. Brazil's central bank on Wednesday cut…...
Bank of Japan set to raise rates to 31-year high, vow further increases
2+ week, 6+ day ago (494+ words) TOKYO, June 16 (Reuters) " The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused by…...
UK employers warns of slower growth, higher unemployment
3+ week, 6+ day ago (243+ words) LONDON, June 9 (Reuters) " The Confederation of British Industry cut its forecast for the country's economic growth on Tuesday and predicted unemployment "would rise to its highest in more "than a decade as the Iran war pushes up energy prices and…...
US public's inflation expectations largely unchanged in May, New York Fed survey shows
4+ week, 1+ hour ago (586+ words) June 8 (Reuters) " The U. S. public's inflation outlook was little changed in May despite the strong upward pressure on prices resulting from the war in the Middle East, a survey released by the New York Federal Reserve showed on Monday. Inflation a…...
Iran war puts RBI in razor-edge policy bind over inflation, growth and rupee
1+ mon, 4+ day ago (651+ words) MUMBAI, June 2 (Reuters) " India's central bank faces one of the toughest interest rate calls in recent memory this week, as the Middle East energy shock, a slumping currency and a weak monsoon risk both crimping growth and stoking inflation. The…...
Pound softens as UK consumers cut spending, public finances worsen | 102. 7 WBOW | The Valley's Greatest Hits | Terre Haute, IN
1+ mon, 2+ week ago (98+ words) By Amanda Cooper LONDON, May 22 (Reuters) - The pound edged lower on Friday as uncertainty over the status of peace talks between the U. S. and Iran prompted investors to buy the dollar and after UK data for April showed retail "sales fell…...