Tag: Economic News

“ ‘The Fed chair, and I mean this as nicely as I can say it, had the most counterproductive press ...

Bostic says strong jobs report may spur Fed to raise interest rates even higher

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The president of the Atlanta Federal Reserve Bank said U.S. interest rates might have to rise a bit higher than ...

McCarthy pushes Biden on debt limit: ‘Mr. President, it’s time to get to work’

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House Speaker Kevin McCarthy on Monday reiterated his call for President Joe Biden to negotiate with Republican lawmakers over potential ...

Bond yields climb as traders back away from Fed pivot view after strong jobs report

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Bond yields continued to rise on Monday as traders assessed the likelihood that the Federal Reserve will pivot later in ...

Nikkei gains but other Asian markets sink after U.S. jobs data fans rate-hike fears

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BEIJING — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to ...

Here’s what time the State of the Union address starts, and why you should tune in

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February 5, 2023

Talk about must-see TV.President Joe Biden marks the middle of his first term on Tuesday with his second State of ...

Dow rises as stocks trim losses after blowout U.S. jobs report, disappointing corporate earnings

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February 3, 2023

The Dow Jones Industrial Average shook off early weakness, while the S&P 500 index and Nasdaq Composite traded above session ...

Jobs report shows blowout 517,000 gain in U.S. employment in January

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February 3, 2023

The numbers: The number of new jobs created in January rose by 517,000 to mark the biggest gain in six ...

Treasury yields mixed ahead of January jobs report

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February 3, 2023

Short-term Treasury yields ticked higher, while longer-dated yields edged down Friday as investors awaited the January U.S. jobs report.What yields ...

U.S. likely added 187,000 jobs in January, but watch out for this wild card

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The creation of new U.S. jobs likely slowed in January for the sixth month in a row, but a historically ...

Gold taps fresh 9-month high, then retreats after latest Fed rate hike

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Gold prices on Thursday tapped the highest level for a most-active contract in more than nine months as investors bet ...

Oil extends slide after drop to 3-week low

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Oil futures fell again on Thursday after ending the previous session at a three-week low following data that showed a ...

Bank of England lifts key rate by a half point

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The Bank of England on Thursday lifted interest rates by a half point, as it tries to quell inflation that ...

ECB delivers half-point rate hike and plans another in March

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The European Central Bank on Thursday delivered an expected half percentage point interest rate hike and said it intends to ...

U.S. jobless claims drop to nine-month low of 183,000 even as more firms announce layoffs

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The numbers: The number of Americans who applied for unemployment benefits at the end of January fell to a nine-month ...

Asian markets rise after Fed sees inflation improving

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BEIJING — Asian stock markets gained Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation ...

The Federal Reserve raises interest rates: here’s what that means for the market

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U.S. stocks and bonds rallied on Wednesday, much to the chagrin of traders who had ramped up bearish bets on ...

McCarthy says he’s optimistic about ‘common ground’ with Biden on debt limit

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House Speaker Kevin McCarthy on Wednesday said he was optimistic about finding “common ground” with President Joe Biden over the ...

Bitcoin jumps 3% after Powell says ‘disinflation’ underway

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Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage ...

Why Fed vs. markets showdown leaves Powell at disadvantage

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