News
Fed's Goolsbee says labor market stable, inflation going the wrong way
3+ hour, 10+ min ago (172+ words) June 22 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on "Monday that with "the labor market stable, he is focused on figuring out whether too-high inflation will "stay "that way "persistently or if "it will recede as the effect of....
Trading Day: Mixed signals, Wall Street wobbles
3+ hour, 34+ min ago (635+ words) ORLANDO, Florida, June 22 (Reuters) " Global stocks were mixed on Monday " optimism over Middle East peace talks lifted Asia and Europe, while tech and interest-rate jitters weighed on Wall Street " as investors also absorbed the resignation of UK Prime Minister Keir…...
Fed Chair Warsh to testify before lawmakers on July 14
3+ hour, 59+ min ago (179+ words) June 22 (Reuters) " Federal Reserve Chairman Kevin Warsh will deliver his first testimony on monetary policy "before Congress on July 14, "at 10 a. m. ET (1400 GMT), according to a hearing notice published by the House Financial Services Committee on Monday. The U. S. "central "bank chief…...
US import prices increase more than expected in May
6+ day, 4+ hour ago (295+ words) WASHINGTON, June 16 (Reuters) " U. S. import prices rose more than expected in May amid strong gains in the prices of fuels and capital goods, leading "to the largest annual increase in nearly four "years. Import prices increased 1. 9% last month after an upwardly…...
Brazil still has room for more interest rate cuts, says finance minister
4+ day, 12+ hour 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…...
Iran peace not stopping central banks from raising borrowing costs
4+ day, 13+ hour ago (719+ words) By Balazs Koranyi and Leika Kihara FRANKFURT/TOKYO, June 18 (Reuters) " The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U. S. Federal Reserve, have…...
Morning Bid: Warsh debut raises rate-hike stakes
4+ day, 19+ hour ago (389+ words) (Corrects to delete extraneous words from paragraph 2) Federal Reserve Chairman Kevin Warsh seized the stage in his debut press conference, unveiling "an ambitious review with broad ramifications and tacitly turning hawkish by underscoring "the central bank's resolve to bring inflation…...
Fed's Warsh flags new tasks forces to study Fed operations
5+ day, 4+ hour ago (518+ words) June 17 (Reuters) " Federal Reserve Chairman Kevin Warsh announced on Wednesday a wide-ranging project to review key aspects of central bank policy making, in a move that indicated any near-term moves to change how the Fed manages its massive stock of…...
Warsh Fed holds rates steady. Trump says "It's all right. Whatever.'
5+ day, 2+ hour ago (305+ words) June 17 (Reuters) " President Donald Trump on Wednesday expressed confidence in Federal Reserve Chairman Kevin Warsh after the new central bank chief concluded his first rate-setting meeting with a decision to leave interest "rates unchanged and published projections that showed nearly…...
Repeat of 2022 inflation woes less likely but not excluded, ECB's Sleijpen says
5+ day, 11+ hour ago (138+ words) LONDON, June 17 (Reuters) " A repeat of the 2022 inflation shock that "sent interest rates to "their highest level in decades looks less likely at the current juncture but can't be "entirely "excluded, Dutch "European Central Bank "policymaker Olaf Sleijpen said on…...