United States: The Fed Takes a Second Look at Its Good-News Story on American Jobs It began as an inquest into what went wrong. Now the Federal Reserve’s policy rethink may be widening to include the part the central bank thought it had gotten right. Inflation keeps falling short of the Fed’s target, and that
United States: JPMorgan Gets One More Boost Off Rate Hikes Before Fed Pause The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates. JPMorgan Chase & Co. said net interest income -- revenue from customers’ loan payments minus what the bank pays
United States: Fed Signals a Year of Patience Is Ahead With a Grab Bag of Growth Risks Federal Reserve officials signaled on Wednesday they’re prepared to move interest rates higher or lower as needed, but an unusual mix of risks means they could remain on hold all year. Despite an economy that is forecast to
United States: Fed Is Likely Unswayed by Clamor for Rate Cuts: Minutes Preview As financial markets and the Trump administration clamor for lower interest rates in the face of a slowing economy, the Federal Reserve is refusing to see any rush. Analysts will be seeking clues to the limits of that patience on Wednesday, when
Date: April 8, 2019 United States: ‘Moment of Truth’ Arrives for U.S. Stocks After Fed-Fueled Rally It’s “gut check” time for U.S. equity investors as the pivot from a Fed-fueled rally back to the foggy fundamentals looms, according to Morgan Stanley. “The moment of truth may be arriving with first-quarter earnings results,’’ Michael Wilson, the
United States: Fed Risks Stoking Financial Bubble in Drive to Lift Inflation The Federal Reserve risks stoking the same sort of asset bubbles that Chairman Jerome Powell has linked to the last two recessions with its new-found eagerness to fan inflation. The Fed’s surprise pivot away from any interest rate increases this year has boosted
United States: If You Think Trump’s China Policy Is Tough, Wait for Car Tariffs President Donald Trump’s threat to restrict foreign car imports would have a greater effect on the global economy than the U.S.-China conflict, according to World Trade Organization Chief Economist Robert Koopman. “Let me suggest a back-of-the-envelope calculation,” Koopman told reporters on
United States: U.S. Consumer Spending Misses Forecasts as Inflation Eases U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook. Purchases, which account for about 70 percent of the economy, rose 0.1 percent from the
United States: U.S. Trade Team Back in Beijing as China Sees Much Still to Do U.S. trade officials including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer landed in Beijing Thursday for talks aimed at nailing down a deal with China, as an official there warned there are still many issues outstanding. Arriving at
United States: U.S. January Trade Gap Narrows as Imports From China Plummet The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost. The deficit in goods and services narrowed
