News
US weekly jobless claims increase more than expected; labor market remains stable
2+ hour, 2+ min ago (459+ words) Posted today at 6: 39am WASHINGTON, June 4 (Reuters) " The number of Americans filing claims for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with a stable labor market. Initial claims for state unemployment benefits rose 13, 000 to…...
Japan's economy expands at a 2. 1% annual pace, boosted by consumer spending
2+ week, 2+ day ago (467+ words) Posted today at 10: 19pm Japan's real gross domestic product, or GDP, the sum value of a nation's goods and services, grew at a seasonally adjusted 0. 5% from the previous quarter. It was the second straight quarter of growth. The annualized number shows…...
Syria to join G7 finance talks in Paris in sign of growing status
2+ week, 3+ day ago (330+ words) Posted today at 2: 52am RIYADH, May 18 (Reuters) " Syria will take part in a closed-door session with G7 finance ministers and central bank governors in Paris on Monday, a person familiar with the matter said, in a sign of its growing status less…...
India raises fuel prices as global energy crisis adds pressure on economy
2+ week, 6+ day ago (473+ words) In New Delhi, gasoline prices rose to 97. 77 rupees ($1. 17) a liter, while diesel climbed to 90. 67 rupees ($1. 09) a liter. India imports about 90% of its oil and has been hit hard by rising energy prices and supply disruptions linked to the Iran war…...
Warsh has big plans for the Fed, but results may take time
3+ week, 1+ day ago (738+ words) Posted today at 4: 01am By Howard Schneider and Ann Saphir WASHINGTON, May 13 (Reuters) " Fifteen years after leaving the Federal Reserve in opposition to an expansive bond-buying program that has since saddled it with a $6. 7 trillion portfolio, Kevin Warsh is expected to…...
Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockade
3+ week, 1+ day ago (1243+ words) Posted yesterday at 11: 20pm Iranians have been hit by spiraling prices for food, medicine and other goods. At the same time, the country has seen mass job losses and business closures caused by strike damage to key industries and the government's…...
Fed's Hammack says no longer appropriate to signal rate cut bias
1+ mon, 2+ day ago (287+ words) Posted today at 6: 01am May 1 (Reuters) " Federal Reserve Bank of Cleveland President Beth Hammack said Friday she dissented against the central bank holding on to an easing bias this week due to uncertainty around the economic and inflation outlooks. "Uncertainty around…...
Fed's Logan says central bank's next rate move could be cut or hike
1+ mon, 2+ day ago (181+ words) Posted today at 8: 01am May 1 (Reuters) " Federal Reserve Bank of Dallas President Lorie Logan said on Friday uncertainty over the outlook and ongoing concerns about inflation means the central bank should not be sending signals that the next policy move will…...
Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
1+ mon, 1+ week ago (1158+ words) Posted today at 5: 18am The odds of Kevin Warsh becoming chair by the time Jerome Powell's term ends May 15 shot higher Friday when U. S. Attorney for Washington, D. C. , Jeanine Pirro, said she would drop her probe into Powell over his testimony last summer…...
As Warsh faces hearing, a framework for smaller Fed balance sheet emerges
1+ mon, 1+ week ago (727+ words) Posted today at 4: 18am April 21 (Reuters) " Kevin Warsh would like to see the Federal Reserve slash its vast bond holdings, but has yet to flesh out just how he would do that if confirmed to be the next head of the…...