News
Fed’s Bowman says penciled in three rate cuts for year – Fox Business Network
2+ hour, 27+ min ago (140+ words) NEW YORK, March 20 (Reuters) - Federal Reserve Vice Chair "for Supervision "Michelle Bowman said Friday she sees a series of "interest "rate cuts "happening this "year amid concerns about labor market softness. "I'm still concerned "about...the job mar... NEW YORK,…...
Fed’s Waller says was planning to call for rate cut until oil shock raised inflation risks – CNBC
2+ hour, 1+ min ago (221+ words) WASHINGTON, March 20 (Reuters) - U.S. Federal Reserve Governor Christopher Waller said he was planning to "dissent in favor of a "rate cut at this week's meeting of the central bank because of unexpected job losses in February, but a "developing "oil s... WASHINGTON,…...
Sterling dips as oil rises, still set for weekly gain on hawkish BoE
3+ hour, 46+ min ago (416+ words) LONDON, March 20 (Reuters) " The British pound fell on Friday, as oil prices resumed their upward trend, but stayed on course for a weekly rise after the Bank of England raised expectations of "rate hikes this year. Sterling was last down…...
London equities set for third straight weekly fall as Mideast war drags on
3+ hour, 52+ min ago (310+ words) March 20 (Reuters) " London's FTSE100 marginally fell on Friday, set for a third consecutive weekly decline, as the escalating Middle East war and surging oil prices "deepened inflation fears and cemented expectations for the "Bank of England to hike interest rates. The…...
Fitch cuts New Zealand rating outlook to ‘Negative’ amid debt concerns
4+ hour, 31+ min ago (233+ words) March 20 (Reuters) " Credit ratings agency Fitch lowered New Zealand's outlook to "Negative' from "Stable' on Friday, citing the South Pacific country's "increasing difficulty in reducing debt due "to a delay in fiscal consolidation over the last few years. New Zealand's…...
Rising gas prices hitting US household finances and more pain is expected, Reuters/Ipsos poll finds
4+ hour, 58+ min ago (519+ words) WASHINGTON, March 20 (Reuters) " Rising gasoline prices are already starting to bite U.S. household finances and Americans overwhelmingly expect fuel costs will keep climbing as President Donald Trump's war with Iran crimps global oil supplies, a new Reuters/Ipsos poll found. Some…...
Wall Street banks score win as Fed unveils plan to ease capital
1+ week, 1+ day ago (557+ words) WASHINGTON, March 12 (Reuters) " Big bank capital requirements will fall slightly under revised drafts of sweeping new rules, Federal Reserve Vice Chair for Supervision Michelle Bowman said on Thursday, in a major victory for Wall Street lenders that had faced double-digit…...
UK budget deficit jumped in February as Iran war darkens fiscal outlook
7+ hour, 28+ min ago (274+ words) MANCHESTER, England, March 20 (Reuters) " Britain's public finances showed renewed signs of strain on Friday as data showed government borrowing overshot expectations "in February, before the war in Iran "sent energy costs soaring which could add to pressure on public spending....
Europe shares set for third straight weekly loss as Mideast war grinds on
6+ hour, 47+ min ago (200+ words) March 20 (Reuters) " Europe's STOXX 600 edged higher on Friday, but was set for a third consecutive "weekly loss, as an expanding Middle "East conflict and a surge in oil prices reinforced inflation fears and increased the odds of a rate hike…...
ECB will not be inactive or overreact, ready to act to stabilise inflation, Villeroy says
6+ hour, 53+ min ago (193+ words) PARIS, March 20 (Reuters) " The European Central Bank will not be inactive or overreact to the oil "and gas price volatility and is "ready to act to stabilise inflation at its target of 2%, Bank of France Governor and European Central Bank…...