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
Tag: Money/Forex Markets
U.S. jobless claims jump to 240,000, highest since August
The numbers: Initial jobless benefit claims rose by 17,000 to 240,000 in the week ended November 19, the U.S. Labor Department said Wednesday. Economists polled by The Wall Street Journal Read more
Economy may be in a recession already, Conference Board says, after leading index drops for eighth straight month
The U.S. leading economic index fell 0.8% in October, the Conference Board said Friday. Economists polled by The Wall Street Journal had expected a 0.4% fall. This is the eighth Read more
Fed’s George argues for ‘steady, deliberate’ interest rate hikes
The Federal Reserve should consider slowing down to “steady and deliberate” interest-rate increases, said Kansa City Fed President Esther George on Thursday. “A more measured approach to rate increases may Read more
Fed’s Daly, despite ‘welcome’ CPI data, still wants to raise benchmark rate above 4.5%-4.75% range
The Federal Reserve should still raise its benchmark interest rate slightly above a 4.5%-4.75% rate despite the “welcome’ consumer price data released earlier Wednesday, said San Francisco Fed President Mary Read more
U.S. jobless claims tick higher in latest week
The numbers: Initial jobless claims rose 7,000 to 225,000 in the week ended November 5, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
U.S. jobless claims tick higher in latest week
The numbers: Initial jobless claims rose 5,000 to 225,000 in the week ended November 5, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
Morgan Stanley funds have billions riding on a bet against Goldman Sachs. It depends what happens on Thursday.
A long-running bet on the value of the Chinese yuan placed by several Morgan Stanley funds are close to reaching their strike price ahead of Thursday’s expiration. Several Morgan Stanley Read more
Household balance sheets ‘remained strong’ and debt vulnerabilities are moderate, Fed survey finds
U.S. households balance sheets remained strong in the first half of this year as the debt-to GDP ratio edged down, a new study from the Federal Reserve said Friday. Household Read more
Fed’s Barkin backs slower pace of interest-rate hikes
The Federal Reserve had been stepping on the gas in its effort to raise interest rates this year and can now pump the brakes, said Richmond Fed President Tom Barkin Read more