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bank Business month policy rates 

Fed policymakers grow more worried about weak inflation

August 16, 2017 By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) – Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central bank’s last policy meeting. The readout of the July 25-26 meeting, released on Wednesday, also indicated the Fed was poised to begin reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities. Last month’s meeting, which concluded with a unanimous decision to leave…

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debt ETN Janus Henderson Group Money rates Top News 

Libor-tracking investments hit U.S. exchanges; complexity a worry

August 16, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to them gaining broad acceptance. VelocityShares Long LIBOR Exchange-Traded Notes and VelocityShares Short LIBOR ETNs track an index designed to mimic changes in the U.S. dollar-denominated London interbank offered rate (Libor), a widely used but potentially soon-to-be-extinct, interest-rate benchmark. Libor reflects banks’ estimate of what they would be charged to borrow money and…

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Economy month rates security Top News U.S. 

Oil prices steady after overnight tumble on dollar strength, China concerns

August 15, 2017 By Fergus Jensen SINGAPORE (Reuters) – Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 13 cents, or 0.3 percent, at $50.86 at 0325 GMT. That was just above their 100-day moving average, briefly breached in the previous session. U.S. West Texas Intermediate crude futures were up 7 cents, or 0.2 percent,…

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Americans Economy policy rates Top News U.S. 

Dudley reinforces Fed expectation of U.S. inflation rebound

August 10, 2017 By Jonathan Spicer NEW YORK (Reuters) – The Federal Reserve expects “very weak” U.S. inflation to rebound thanks to a slide in the dollar and to a labor market that keeps getting hotter, one of the Fed’s most influential officials said in comments that reinforce its gradual policy-tightening plan. In a speech on Thursday calling on the United States to do more to curb growing racial inequality of employment and income, New York Fed President William Dudley suggested the central bank was on track to raise interest…

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bank consumer Economy rates Top News U.S. 

Dollar drifts lower as investors await U.S. inflation data

August 8, 2017 By Lisa Twaronite TOKYO (Reuters) – The dollar inched down slightly in Asian trading on Tuesday, but maintained most of the gains it made on last week’s robust employment data that kept hope alive that the U.S. Federal Reserve could still increase interest rates this year. The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.1 percent at 93.325 . It held well above last week’s 15-month low of 92.548, though it remained shy of Friday’s post-jobs data high of…

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consumer Economy JPY rates Top News U.S. 

Dollar holds gains after U.S. jobs report, inflation data in focus

August 7, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The dollar held the bulk of its gains on Monday after an upbeat U.S. jobs report lifted it off 15-month lows, with data lined up this week seen as key to whether the greenback’s rebound could be sustained in the longer term. The dollar, which briefly sank below 110.00 yen to a seven-week low last week, was steady at 110.695 yen after going as high as 111.050 on Friday. The dollar index against a basket of six major currencies was a…

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China currencies Economy rates Top News U.S. 

In Asia financial markets, the fear indicators still send a buy signal

August 7, 2017 By Vidya Ranganathan SINGAPORE (Reuters) – Asian investors, wary that the region’s stock markets and currencies have run up too far too fast and wondering whether it is time to take some money off the table, are finding that their concerns are not being reflected in major gauges of volatility and fear. These indicators are supposed to signal red, or at least orange, when stocks are overvalued and risks – whether economic, corporate or political – are building. Currently, they all suggest it is still safe to…

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Business month rates report U.S. 

Strong U.S. jobs report bolsters case for further Fed tightening

August 4, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio. The Labor Department said that nonfarm payrolls increased by 209,000 jobs last month amid broad-based gains. June’s employment gain was revised up to 231,000 from the previously reported 222,000. Average hourly earnings increased nine cents, or 0.3 percent, in July after rising 0.2…

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Business month rates report U.S. 

Strong U.S. jobs report bolsters case for further Fed tightening

August 4, 2017 By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio. The Labor Department said that nonfarm payrolls increased by 209,000 jobs last month amid broad-based gains. June’s employment gain was revised up to 231,000 from the previously reported 222,000. Average hourly earnings increased nine cents, or 0.3 percent, in July after rising 0.2…

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consumer Economy rates RBA Reserve Bank Top News 

Australia’s central bank upbeat on economy as consumers splurge

August 4, 2017 By Swati Pandey and Wayne Cole SYDNEY (Reuters) – Australia’s central bank is more confident that economic growth will accelerate over the next two years but expects little improvement in unemployment or wage growth, suggesting official interest rates are on hold for some time. In its 66-page statement on monetary policy on Friday, the Reserve Bank of Australia (RBA) forecast the A$1.7 trillion ($1.4 trillion) economy will grow “above potential” at around 3 percent over the next couple of years. Supporting the RBA’s upbeat view, data from…

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