News
Fed nominee Warsh prepares for monetary policy road test before Senate panel
6+ hour, 47+ min ago (579+ words) WASHINGTON, April 20 (Reuters) " After more than a decade criticizing the U. S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate hearing on Tuesday when lawmakers will likely press the Fed chief nominee to flesh out…...
From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher
1+ week, 2+ day ago (516+ words) By Shariq Khan, Georgina Mc Cartney and Tim Mc Laughlin NEW YORK, April 11 (Reuters) " Boston resident Pat Ouedraogo has cut longer-distance trips, while aspiring law student Skyler Burke drives extra miles to avoid pricier gasoline pumps closer to home. In…...
US service sector cools in March; price paid measure highest in 3-1/2 years
1+ week, 6+ day ago (427+ words) WASHINGTON, April 6 (Reuters) " U. S. services sector growth slowed in March, while prices paid by businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation pressures. The Institute for Supply Management…...
Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war
1+ week, 3+ day ago (686+ words) Inflation probably rose to 3. 4% in March compared with a year ago, economists estimate, which would be a sharp increase from February's 2. 4% increase. On a monthly basis, prices are forecast to have risen 0. 9% in March from the previous month, according to…...
Wall St futures gain after March inflation data
1+ week, 2+ day ago (151+ words) April 10 (Reuters) " U. S. stock index futures gained slightly on Friday after March inflation data calmed some concerns over the inflationary fallout of the Middle East conflict on the U. S. economy. A Labor Department report showed the Consumer Price Index rose 3. 3% on an…...
US fourth-quarter GDP growth revised lower to a 0. 5% rate
1+ week, 3+ day ago (354+ words) WASHINGTON, April 9 (Reuters) " U. S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised…...
Fed's Williams: FOMC leadership not in question amid slow Warsh confirmation
1+ week, 5+ day ago (528+ words) April 7 (Reuters) " Federal Reserve Bank of New York President John Williams said on Tuesday that U. S. Federal Reserve Chair Jerome Powell would remain in charge of the central bank's key monetary policy function even if Kevin Warsh has not been confirmed…...
Fed watching private credit sector for signs of trouble, Powell says
2+ week, 2+ day ago (204+ words) NEW YORK, March 30 (Reuters) " Federal Reserve Chair Jerome Powell said on Monday the U. S. central bank is watching developments in the private credit sector for signs of trouble, but does not currently see issues there bringing down the financial system as…...
US manufacturing sector grows in March; supplier delivery performance deteriorates
2+ week, 4+ day ago (340+ words) WASHINGTON, April 1 (Reuters) " U. S. manufacturing activity picked up in March, though a measure of prices paid by factories for inputs jumped to the highest level in nearly four years and suppliers took longer to deliver material amid the war in the…...
Stronger, broader hiring could ease Fed job market worries
2+ week, 2+ day ago (605+ words) WASHINGTON, April 3 (Reuters) " Hiring that strengthened and broadened in March will likely cement the U. S. Federal Reserve's plans to keep interest rates on hold for the foreseeable future, easing concerns about a weakening labor market and keeping policymakers focused on whether…...