News
Important Only
EXCLUSIVE-Fed's Musalem says more data is needed to decide whether a September rate cut is warranted
St. Louis Fed chief notes inflation above targetMusalem says job market risks rising but not realizedFocused on path for rates, not a single meetingBy Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 22 (Reuters) - St. Louis Fed President Alberto Musalem said on Friday he will need more...Reuters
Fri, Aug 22
ABA defends accrediting of US law schools amid mounting pressure
By Karen Sloan Aug 22 (Reuters) - The American Bar Association council that oversees U.S. law school accreditation on Friday adopted a new set of “core principles and values,” defining and defending its work amid criticism from the Trump administration and others. President Donald Trump in April ...Reuters
Fri, Aug 22
UK short-term inflation expectations remain unchanged at 4%, Citi and YouGov say
Aug 22 (Reuters) - The British public's short-term inflation expectations remain unchanged at 4% in August, according to a survey published on Friday by bank Citi and opinion poll firm YouGov.The country's longer-term inflation expectations fell to 3.9% from 4.2%, to their level in Febru...Reuters
Fri, Aug 22
TREASURIES -US yields plummet as Fed's Powell opens door to September rate cut
Fed's Powell says shifting balance of risks may warrant adjusting policyUS two-year, 10-year yields fall to one-week lowUS 2/10-year yield curve hits steepest level since JulyTrump says will fire Fed's Cook if she doesn't resignBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 22 (Reuters) - ...Reuters
Fri, Aug 22
Powell says Fed may need to cut rates, will proceed carefully
Fed chief cites jobs risk even with ongoing inflation concernPowell says base case is for tariff inflation impact to be short-lived He sees job market in 'curious balance' that could change fastBy Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 22 (Reuters) - Federal Reserve Ch...Reuters
Fri, Aug 22
Boeing Defense, striking machinists say negotiations will resume Monday
Talks to resume for first time since strike began August 4 Striking workers want deal closer to 38% wage hike, IAM official saysBoeing Defense has maintained production using non-union workers, says spokespersonBy Dan Catchpole Aug 22 (Reuters) - Boeing BA.N and officials of the striking machinis...Reuters
Fri, Aug 22
Fitch Affirms United States Of America At 'Aa+' Outlook Stable
Aug 22 (Reuters) - FITCH ON US : FITCH AFFIRMS UNITED STATES OF AMERICA AT 'AA+'; OUTLOOK STABLEFITCH ON US: HIGHER TARIFFS, GOVERNMENT SPENDING CUTS,TIGHTER BORDER CONTROLS&DEPORTATIONS,SURGE IN POLICY UNCERTAINTIES SLOWED CONSUMER SPENDING&BUSINESS INVESTMENTFITCH ON US: ACCELERATE...Reuters
Fri, Aug 22
CORRECTED-Boeing Defense workers hold out for better deal
Striking workers want deal closer to 38% wage hike, IAM official saysBoeing executive defends company's last offer as strongStriking workers assemble F-15, F/A-18 fightersBy Dan Catchpole Aug 21 (Reuters) - Top machinists union officials and a Democratic congressman joined striking workers ou...Reuters
Fri, Aug 22
Canada to remove many retaliatory tariffs on US, Carney says
Carney says announcement reflects a recent similar U.S. move Canadian tariffs on US autos, steel, aluminum remainCarney's softer tone contrasts with earlier tough stance on U.S. tariffsPolitical challenge for Carney as opposition criticizes soft approachBy David Ljunggren and Promit Mukherjee ...Reuters
Fri, Aug 22
US business equipment borrowings fall in July, ELFA says
Aug 22 (Reuters) - U.S. companies borrowed 6.8% less to finance equipment investments in July compared with the same period a year ago, the Equipment Leasing and Finance Association said on Friday.However, equipment borrowings rose by 1.7% from June.The Washington-based trade association, which moni...Reuters
Fri, Aug 22
UK short-term inflation expectations remain unchanged at 4.0%, Citi and YouGov say
Aug 22 (Reuters) - Britain's short-term inflation expectations remain unchanged at 4.0% in August, according to a survey published on Friday by bank Citi and opinion poll firm YouGov.The country's longer-term inflation expectations fell to 3.9% from 4.2%, to their level in February, the surv...Reuters
Fri, Aug 22
Mexico's sluggish economy, easing inflation put rate cuts in spotlight
Mexico's economy expanded 0.6% in Q2, below forecastsSlower-than-expected inflation hit 3.49% through mid-AugustCentral bank mulls more rate cuts amid volatile global climateLatam stocks, currencies rally after Fed chair hints at cutBy Aida Pelaez-Fernandez MEXICO CITY, Aug 22 (Reuters) - Mex...Reuters
Fri, Aug 22
