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Fed's Schmid says no urgency to cut interest rates but more data to come
JACKSON, Wyoming, Aug 21 (Reuters) - Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape. "I think we're in a really good spot and I thin...Reuters
Thu, Aug 21
Fed's Bostic still sees a single rate cut this year, amid uncertainty
Bostic sees potential for rate cut amid economic uncertaintyFed faces pressure from Trump to cut ratesBostic highlights transitional economic period and uneven inflation progressBy Michael S. DerbyNEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday ...Reuters
Thu, Aug 21
US weekly jobless claims rise to highest since June
Aug 21 (Reuters) - The number of Americans filing new applications for jobless benefits rose by the most in about three months last week in an initial signal that layoffs may be picking up and adding to signs the labor market is weakening.Initial claims for state unemployment benefits climbed 11,000...Reuters
Thu, Aug 21
Fed's Bostic still sees a single rate cut this year, amid uncertainty
By Michael S. DerbyNEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he still thinks the U.S. central bank can cut its interest rate target once this year, but there’s a lot of uncertainty around that view.Bostic said the forecast he offered ...Reuters
Thu, Aug 21
Fed's Schmid says no urgency to cut rates but more data to come
JACKSON, Wyoming, Aug 21 (Reuters) - Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape. "I think we're in a really good spot and I thin...Reuters
Thu, Aug 21
CORRECTED-Walmart hikes annual forecast as low price focus draws shoppers
By Savyata Mishra and Siddharth CavaleAug 21 (Reuters) - Walmart WMT.N on Thursday raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income levels, who have turned to the world's largest retailer as they worry about rising costs.The company's...Reuters
Thu, Aug 21
