The numbers: Initial jobless claims fell by a seasonally adjusted 1,000 to 205,000 in the week ended Jan. 7, the Labor Department said Thursday. Economists polled by The Wall Street Read more
Tag: Money/Forex Markets
The Fed is not a ‘climate-policy maker,’ Powell says
The Federal Reserve has only a “narrow” role regarding climate change risks – to make sure banks understand and manage the financial risks associated with warming temperatures, the central bank’s Read more
‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to Read more
No Fed official expects an interest-rate cut to be appropriate this year, meeting minutes show
None of the 19 top Federal Reserve officials expect it will be appropriate to cut interest rates this year, according to the minutes of the central bank’s December policy meeting, Read more
ISM shows weakness in U.S. factory activity spreading in December
The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
ISM shows weakness in factory activity spreading in December
The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” Read more
U.S. jobless claims move higher in latest week
The numbers: Initial jobless claims rose by 9,000 to 225,000 in the week ended December 24 , the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal Read more
Fed hikes interest rate by half percentage point — benchmark rate seen topping out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.5 percentage point and signaled more tightening next year. The half-point increase brings the Fed’s federal funds rate up Read more
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more