Humming U.S. factories end 2018 on sour note as five Fed indexes slip, Trump trade worries surge
Five Federal Reserve indexes of regional manufacturing all slumped in December, the first time they've fallen in unison since May 2016 and the latest evidence that a pillar of the U.S. economy has started to wobble heading into next year. The Dallas Fed's factory index ...
Trump's self-inflicted economic damage could cause Fed to pause as investors chill
President Donald Trump may get the Federal Reserve interest rate-hike pause he wants as his attacks on the Fed and the government shutdown roil stock markets and shave 2019 forecasts for economic growth. The S&P 500 fell 2.7 percent on Christmas Eve, bringing U.S. stocks ...
U.S. Democratic leaders charged Monday that President Donald Trump was "plunging the country into chaos" with multiple crises and said he was offering no way to end a government shutdown. Nancy Pelosi, who takes over next month as House speaker, and Chuck Schumer, the top ...
Christmas calm eludes emerging markets as loose-cannon Trump spooks investors
If emerging markets had their way, this Christmas week would be like any other: quiet, with just a handful of economic releases and low trading volumes. But political dramas playing out in the U.S. are keeping investors on tenterhooks. The U.S. government shutdown over President ...
U.S. consumer inflation rises but falling oil prices may slow momentum
U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month. Though overall inflation ...
Trump respects Fed's autonomy despite 'crazy' remark on interest rates, Larry Kudlow says
White House economic adviser Larry Kudlow defended his boss Sunday, saying that Donald Trump respects the Federal Reserve Bank's autonomy despite last week's remark that the Fed had "gone crazy" raising interest rates. Kudlow, speaking on "Fox News Sunday," said that Trump was "giving his ...
Dow extends nosedive for second day, down 545 points in 2.1% plunge
U.S. stocks tumbled for a second straight session on Thursday as volatility reigned on Wall Street amid worries about higher interest rates and trade wars. The Dow Jones Industrial Average slumped 2.1 percent to 25,052.83, down 2.1 percent or 545 points, bringing its losses for ...
No chance for currency war despite Trump tweets, Treasury chief assures
U.S. Treasury Secretary Steven Mnuchin says there's no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said "no," declining to elaborate during a press conference in Buenos Aires on Sunday. He was in the ...
Accused Russian agent Maria Butina met in 2015 with U.S. Treasury, Fed officials
Accused Russian agent Maria Butina had wider high-level contacts in Washington than previously known, taking part in 2015 meetings between a visiting Russian official and two senior officials at the U.S. Federal Reserve and Treasury Department. The meetings, revealed by several people familiar with the ...
Jerome Powell will provide more continuity than change in policy at the world's most influential central bank.
Aso warns regional finance chiefs to protect against capital outflows from Fed interest rate hikes
Finance Minister Taro Aso on Friday voiced concern about the adverse effects of interest rate hikes by the U.S. Federal Reserve, including a potential outflow of capital from emerging economies. "Money moves to a country where interest rates are high from a country where interest ...
Manufacturing surge, labor crunch show U.S. economic health, Fed says
A pickup in manufacturing, "widespread" reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic ...
