(Reuters) – If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday. At the end of July the Fed kept the policy rate …
(Corrects name to “Rahul” from Raoul” in paragraph 21 of Aug 6 story) By Medha Singh and Lisa Pauline Mattackal (Reuters) – “Never sell your bitcoin,” Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in …
By Amanda Cooper and Vidya Ranganathan LONDON/SINGAPORE (Reuters) -Global stocks retreated on Tuesday, surrendering earlier gains, as the uncertainty generated by the previous day’s aggressive selloff weighed on investor sentiment, even though central bank officials said all the right things …
By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) -The dollar fell sharply against the yen for the second straight day, raising questions as to whether Japan was intervening, while a global equities index rose on Friday as investors turned …
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials at their last meeting acknowledged the U.S. economy appeared to be slowing and that “price pressures were diminishing,” but still counseled a wait-and-see approach before committing to interest rate cuts, according to …
By Ann Saphir and Lindsay (NYSE:) Dunsmuir (Reuters) -Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still-strong labor market as they steer cautiously toward what …
House judiciary committee advances resolution to hold Merrick Garland in contempt over Biden interview recording After hours of debate, the Republican-controlled House judiciary committee moved forward with a resolution to hold the attorney general, Merrick Garland, in contempt for not …
Investing.com — Atlanta Federal Reserve President Raphael Bostic on Thursday welcomed recent economic data pointing to slowing inflation — a trend that he expects to continue, paving the way for a potential rate cut toward the end of the year. …
By Takaya Yamaguchi, Tetsushi Kajimoto and Gertrude Chavez-Dreyfuss TOKYO/NEW YORK (Reuters) -The yen surged against the dollar in early Asian hours on Thursday on what traders suspected was another round of intervention by Japanese authorities to stop a sharp slide …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian stocks should open on Monday buoyed by Friday’s tech-led surge on Wall Street, while investors will be scrambling to make sense of the latest twist …