Fed's Collins says modestly restrictive monetary policy is necessary right now

Fed's Collins says modestly restrictive monetary policy is necessary right now

NEW YORK -Federal Reserve Bank of Boston President Susan Collins said Tuesday monetary policy is in the right place. In remarks focused on the housing industry, the bank president noted...
June 24, 2025 at 02:04 pm
Exclusive-Fed should wait on rate cuts with price hikes expected, Bostic says

Exclusive-Fed should wait on rate cuts with price hikes expected, Bostic says

ATLANTA -The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher import taxes and with the job market still stable, Atlanta Fed...
June 24, 2025 at 11:18 am
US current account surges to record high in first quarter

US current account surges to record high in first quarter

WASHINGTON -The U.S. current account deficit widened to a record high in the first quarter as businesses front-loaded imports to avoid President Donald Trump's hefty tariffs on imported goods. ...
June 24, 2025 at 09:23 am
Oil, rates and the dollar tumble

Oil, rates and the dollar tumble

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets After a tentative ceasefire was announced in the...
June 24, 2025 at 06:17 am
Fed's Bowman open to cutting rates at July policy meeting

Fed's Bowman open to cutting rates at July policy meeting

NEW YORK -Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the U.S. central bank's top bank overseer, said Monday the time to cut interest rates is...
June 23, 2025 at 05:32 pm
US existing home sales rise in May; mortgage rates still a constraint

US existing home sales rise in May; mortgage rates still a constraint

WASHINGTON -U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted...
June 23, 2025 at 10:13 am
Fears of Iran Conflict Escalation Weigh on DAX

Fears of Iran Conflict Escalation Weigh on DAX

The prospect of U.S. involvement in Israeli strikes against Iran sparked unease among DAX investors on Corpus Christi, sending Germany's leading index down as much as 0.9 percent to 23,118 points...
June 23, 2025 at 06:59 am
Still early to assess tariff impact on economy, Fed report says

Still early to assess tariff impact on economy, Fed report says

The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President...
June 20, 2025 at 01:40 pm
Major brokerages retain rate cut expectations after Fed keeps rates steady

Major brokerages retain rate cut expectations after Fed keeps rates steady

Most Wall Street brokerages reaffirmed their rate cut forecasts after the U.S. Federal Reserve kept its policy rate unchanged this week. The U.S. central bank held interest rates steady...
June 20, 2025 at 09:25 am
Fed's Powell says central bank still has the needed data to do its work

Fed's Powell says central bank still has the needed data to do its work

Federal Reserve Chair Jerome Powell made a plea on Wednesday for the government not to cut back too aggressively on its efforts to collect data on the economy because the information it collects...
June 18, 2025 at 06:34 pm
Fed officials see two rate cuts in 2025, but overall turn hawkish

Fed officials see two rate cuts in 2025, but overall turn hawkish

WASHINGTON -U.S. central bankers are increasingly split over the appropriate path of policy, with the median of fresh forecasts published on Wednesday still pointing to a half percentage point of...
June 18, 2025 at 02:45 pm
US weekly jobless claims, housing data point to softening economic activity

US weekly jobless claims, housing data point to softening economic activity

WASHINGTON -The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June and...
June 18, 2025 at 02:35 pm
US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC

US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC

The Bank of Canada Governor Tiff Macklem said on Wednesday that the prospect of a new Canada-U.S. trade deal offers hope that tariffs will be removed, but cautioned that inflation could rise if...
June 18, 2025 at 11:45 am
Fed announces meeting to discuss easing bank leverage rules

Fed announces meeting to discuss easing bank leverage rules

WASHINGTON -The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank...
June 18, 2025 at 05:54 am
Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

ST PETERSBURG -The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's...
June 18, 2025 at 04:05 am
Bank of Canada governing council is concerned inflation could persist for longer

Bank of Canada governing council is concerned inflation could persist for longer

Members of the Bank of Canada governing council were concerned that underlying inflationary pressures led by trade disruption and uncertainty could persist for a long time, minutes of the meeting...
June 17, 2025 at 01:34 pm
Fed policymakers meet as new data raises growth concerns, geopolitical risks rise

Fed policymakers meet as new data raises growth concerns, geopolitical risks rise

WASHINGTON -Federal Reserve officials met on Tuesday armed with new economic data that could give more weight to their concerns that Trump administration policies, or at least the intense uncertainty...
June 17, 2025 at 12:31 pm
The dollar's crown is slipping, and fast

The dollar's crown is slipping, and fast

LONDON -The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the...
June 13, 2025 at 02:24 am
Fed seen on track to resume rate cuts after inflation, job market data

Fed seen on track to resume rate cuts after inflation, job market data

The Federal Reserve's path to interest rate cuts starting in September appeared to widen on Thursday, after a pair of government reports pointed to cooler inflation and signs of potential weakening...
June 12, 2025 at 10:19 am
US producer prices rebound less than expected in May

US producer prices rebound less than expected in May

WASHINGTON -U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares. The producer price index for final demand rebounded 0.1%...
June 12, 2025 at 09:09 am