You are here
Business consumer economic growth Heidi Heitkamp Wall Street 

U.S. regulators, lawmakers support Volcker rule revamp at hearing

June 22, 2017 By Pete Schroeder WASHINGTON (Reuters) – U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks’ ability to make bets with their own money, needs to be reconsidered. The rule should focus only on banks that do a lot of trading, said Federal Reserve Governor Jerome Powell, who leads banking regulation for the central bank. “We believe we have the authority to draw a line between those with the big trading books (and other banks),”…

Read More
economic growth internet Michael Kratsios Tech Top News White House 

White House aims to speed U.S. drone, wireless technologies

June 22, 2017 By David Shepardson WASHINGTON (Reuters) – The White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways government can help speed new technologies to the marketplace. President Donald Trump will meet with the chief executives of General Electric Co, Honeywell International Inc and AT&T Inc AT&T Inc, major drone industry firms and venture capitalists in the latest effort by the White House to focus on innovative technologies as a way of spurring job growth. Michael Kratsios, the White House’s…

Read More
Chris Reese economic growth Jeffrey Gundlach Money rates Top News 

Gundlach says flatter Treasury yield curve could become a concern

June 21, 2017 By Jennifer Ablan NEW YORK (Reuters) – The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday. The slope of the yield curve has been flattening in recent days, with short-term rates rising faster than longer-bond yields. This typically happens when monetary policy is tightened. Last week, the Federal…

Read More
case debt economic growth Money Neil Constable Top News 

U.S. stock market gets relief from strong fund flows: trade group

June 21, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – U.S. stock fund flows rebounded in the latest week, providing succor to markets after multibillion dollar withdrawals in the prior week, data from trade group Investment Company Institute (ICI) showed on Wednesday. Equity funds based in the United States pulled in $27.3 billion during the week ended June 14, driven chiefly by demand for exchange-traded funds (ETFs). Debt funds attracted $7.7 billion in their 25th straight week of inflows, ICI said. Mutual funds are heavily favored by retail investors, while…

Read More
economic growth Economy increase Japan show Top News 

Japan’s May exports rise at fastest in two years, set to sustain growth

June 19, 2017 By Stanley White TOKYO (Reuters) – Japan’s exports surged in May by the fastest in more than two years on bigger shipments of cars and steel, an encouraging sign that robust overseas demand will support economic growth. The 14.9 percent annual increase in exports in May was below the median estimate for a 16.1 percent annual increase but was nonetheless the biggest rise since January 2015. Exports are likely to continue rising at a steady clip as overseas economies show increasing signs of strength, which should help…

Read More
Business change debate economic growth rates 

Is the Fed ready to consider lifting its inflation target?

June 15, 2017 By Howard Schneider WASHINGTON (Reuters) – Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once unthinkable: abandoning decades-long efforts to hold inflation down and allowing price expectations to creep up. In remarks on Wednesday, Yellen called an emerging debate over raising global inflation targets “one of the most important questions facing monetary policy,” as central bankers grapple with an economic rut in which low growth, low interest rates and weak price and wage increases reinforce each other. The…

Read More
Bank Indonesia consumer economic growth Economy month Top News 

Late night Ramadan shopping shows Indonesia’s economic spirits brightening

June 15, 2017 By Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s economic spirits are rising judging by the line of women outside a packed Furla bag shop for a traditional midnight Ramadan sale at a Jakarta mall. The Muslim holy month, due to end in late June, is half over, and how much shopping Indonesians do during Ramadan is regarded as a reliable sign of the mood in an economy where private consumption accounts for 57 percent of gross domestic product. “I will be shopping more this year because I’ve just…

Read More
bank Business economic growth month rates 

Fed raises rates, unveils balance sheet cuts in sign of confidence

June 14, 2017 By Lindsay Dunsmuir and Howard Schneider WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market. In lifting its benchmark lending rate by a quarter percentage point to a target range of 1.00 percent to 1.25 percent and forecasting one more hike this year, the Fed seemed to largely brush off a…

Read More
Business consumer economic growth month spending 

Weak U.S. retail sales, consumer prices put spotlight on Fed

June 14, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales in May recorded their biggest drop in 16 months and consumer prices unexpectedly fell, suggesting a softening in domestic demand that could limit the Federal Reserve’s ability to continue raising interest rates this year. The Fed is expected to increase borrowing costs later on Wednesday, but the signs of moderate consumer spending and retreating inflation pressures could worry policymakers who have previously viewed the softness as transitory. “It won’t stop the Fed from hiking interest rates later today,…

Read More
Cabinet Office economic growth Economy month spending Top News 

Japan core machinery orders fall more than forecast in sign of economic fragility

June 12, 2017 By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core machinery orders fell more than expected in April, casting doubt on the strength of companies’ capital spending and adding to concerns about the country’s fragile economic recovery. The 3.1 percent fall in the core orders from a month earlier was much bigger than the 1.3 percent decline expected by economists in a Reuters poll, potentially dragging on economic growth in the current quarter. It also marked the first drop in three months, following a 1.4 percent increase in March,…

Read More
Facebook Auto Publish Powered By : XYZScripts.com