News
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Furniture retailer Ethan Allen Q1 sales, adjusted EPS miss estimates
OverviewEthan Allen fiscal Q1 net sales decline, missing analyst expectationsAdjusted EPS for fiscal Q1 misses analyst estimatesCompany reports strong gross margin of 61.4% for fiscal Q1OutlookCompany remains confident in investments despite lower consumer confidence and increased tariffsEthan Allen...Reuters
Wed, Oct 29
US pending home sales flat in September; job market worries likely dissuading buyers
Pending home sales unchanged in SeptemberSoftening labor market, economic uncertainty sidelining prospective home buyersGovernment shutdown delaying some applications for loans, flood insurance coverageBy Lucia Mutikani WASHINGTON, Oct 29 (Reuters) - Contracts to purchase previously owned U.S. ho...Reuters
Wed, Oct 29
Most Gulf central banks cut key rates by 25 basis points after Fed move
By Yomna Ehab and Muhammad Al Gebaly CAIRO, Oct 29 (Reuters) - Most Gulf central banks cut key interest rates on Wednesday after the U.S. Federal Reserve moved to reduce rates by a quarter of a percentage point, its second rate cut decision this year. The Fed's decision to cut rates by 25 bas...Reuters
Wed, Oct 29
Powell says not seeing job market weakness accelerating
Oct 29 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said officials do not see the weakness they are observing in the job market accelerating.Powell, speaking at a press conference following the Fed's decision to cut interest rates, said data such as new claims for jobless benefit...Reuters
Wed, Oct 29
INSTANT VIEW-Fed delivers expected rate cut; Powell says December rate cut not assured
NEW YORK, Oct 29 (Reuters) - A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it will restart limited purchases of Treasury securities after money markets showed signs that liquidity was becoming scarce, a condition the U.S. central bank...Reuters
Wed, Oct 29
Fed's Powell notes rising number of officials want to hold off on rate cut
By Michael S. DerbyOct 29 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that a mounting number of U.S. central bank officials are ready to hold off on an imminent interest rate cut.Having cut rates at the last two policy meeting, “there's a sense” some officials would like...Reuters
Wed, Oct 29
Fed's Powell says officials are watching layoff news
By Michael S. DerbyOct 29 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday the U.S. central bank is tracking what could be deteriorating job market conditions as lower-income households are showing more signs of stress.When it comes to rising announcements of layoffs, “We're ...Reuters
Wed, Oct 29
Powell says eventually Fed will expand balance sheet again
By Michael S. DerbyNEW YORK, Oct 29 (Reuters) - Federal Reserve Chair Jerome Powell said the U.S. central bank, having just stopped shrinking its balance sheet, will have to start growing it again at some point.In order to keep enough liquidity in the financial system to keep interest rates under co...Reuters
Wed, Oct 29
INSTANT VIEW-Fed delivers expected rate cut; Powell says December rate cut not assured
NEW YORK, Oct 29 (Reuters) - A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it will restart limited purchases of Treasury securities after money markets showed signs that liquidity was becoming scarce, a condition the U.S. central bank...Reuters
Wed, Oct 29
Fed's Powell flags policy view discord, says December rate cut not assured
By Michael S. DerbyNEW YORK, Oct 29 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that U.S. central bank officials are struggling to reach a consensus about what lies ahead for monetary policy and that financial markets should not assume another interest-rate cut will happen a...Reuters
Wed, Oct 29
INSTANT VIEW-Fed delivers expected rate cut; nods to limits of data during shutdown
NEW YORK, Oct 29 (Reuters) - A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it will restart limited purchases of Treasury securities after money markets showed signs that liquidity was becoming scarce, a condition the U.S. central bank...Reuters
Wed, Oct 29
INSTANT VIEW-Fed delivers expected rate cut; nods to limits of data during shutdown
NEW YORK, Oct 29 (Reuters) - A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it will restart limited purchases of Treasury securities after money markets showed signs that liquidity was becoming scarce, a condition the U.S. central bank...Reuters
Wed, Oct 29
TREASURIES-US yields rise further after Fed cuts rates, says will end QT
NEW YORK, Oct 29 (Reuters) - U.S. Treasury yields extended their rise on Wednesday after the Federal Reserve cut interest rates by a quarter of a pecentage point and announced it will restart limited purchases of Treasury securities after money markets showed signs liquidity is becoming scarce.The F...Reuters
Wed, Oct 29
FACTBOX-History of Federal Reserve dissents in two directions
WASHINGTON, Oct 29 (Reuters) - The Federal Reserve's decision on Wednesday to lower interest rates by a quarter percentage point was met with dissenting votes by two policymakers, one favoring a larger cut and another preferring no reduction at all, a rare example over the last few decades of mu...Reuters
Wed, Oct 29
Fed to end balance sheet reduction on December 1
By Michael S. Derby Oct 29 (Reuters) - The Federal Reserve on Wednesday said it is ending the drawdown of its $6.6 trillion balance sheet amid evidence money market liquidity conditions have begun tightening and bank reserve levels dropping. Instead of allowing up to $5 billion in Treasu...Reuters
Wed, Oct 29
WRAPUP 2-Fed cuts rates, nods to limits of data during shutdown; two policymakers dissent
Fed, as expected, cuts interest rates by 25 basis pointsFed Governor Miran, Kansas City Fed President Schmid dissentPolicy decision was made in the absence of key government dataFed's balance sheet drawdown halted By Howard Schneider WASHINGTON, Oct 29 (Reuters) - A divided U.S. Federal Reser...Reuters
Wed, Oct 29
Bank of England security guards call strike for November 13
By David MillikenLONDON, Oct 29 (Reuters) - Security staff at the Bank of England have voted to go on strike for 24 hours, starting at 7 a.m. (0700 GMT) on November 13, in protest at a pay freeze, trade union Unite said on Wednesday.Nearly 40 staff employed by security company Amulet under a contrac...Reuters
Wed, Oct 29
Bank of England security guards call strike for November 13
LONDON, Oct 29 (Reuters) - Security staff at the Bank of England have voted to go on strike for 24 hours, starting at 7 a.m. (0700 GMT) on November 13, in protest at a pay freeze, trade union Unite said on Wednesday.Nearly 40 staff employed by security company Amulet under a contract from the centra...Reuters
Wed, Oct 29
