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December 11, 2019
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Reuters - Business

Fed keeps rates on hold, points to ‘favorable’ economic outlook next year

Reuters
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal...
Reuters - Business

Fed keeps interest rates on hold amid ‘favorable’ economic outlook

Reuters
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal...
Reuters - Business

Fed keeps interest rates on hold amid ‘favorable’ outlook

Reuters
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal...
Reuters - Business

Powell’s ‘half-full’ U.S. glass sturdy but still at risk for spills as Fed meets

Reuters
WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs...
Reuters - Business

Deutsche paints gloomy picture at investor gathering

Reuters
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany’s biggest lender to revive its fortunes against a gloomy economic backdrop. Deutsche’s management gave a presentation to investors on its restructuring which aims to shift the bank away from Wall...
Reuters - Business

U.S. consumer inflation expectations rebound from five-year low: NY Fed

Reuters
FILE PHOTO: A boy and his father walk through the toy section of Walmart on Black Friday, a day that kicks off the holiday shopping season, in King of Prussia, Pennsylvania, U.S., on November 29, 2019. REUTERS/Sarah Silbiger/File Photo (Reuters) – U.S. consumers’ inflation expectations rose slightly in November, bringing...
Reuters - Business

As Fed reiterates rate pause, forecasts likely to be blown off course

Reuters
WASHINGTON (Reuters) – Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next...
Reuters - Business

Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close

Reuters
NEW YORK (Reuters) – The stock market looks set to end 2019 the way it began the year — highly sensitive to headlines from President Donald Trump’s global trade war. FILE PHOTO: Trucks offload containers from ship at the port of Los Angeles in Los Angeles, California, U.S. July 16,...
Reuters - Business

Global stocks rally, dollar gains on robust U.S. jobs data

Reuters
NEW YORK (Reuters) – The dollar rose and global equity markets soared on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. FILE PHOTO: Traders work on the...
Reuters - Business

Stocks rally, dollar gains on robust U.S. jobs data

Reuters
NEW YORK (Reuters) – The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking the spotlight off the U.S.-China trade talks. FILE PHOTO: Traders work on...
Reuters - Business

Japan launches $122 billion stimulus to fight trade risks, post-Olympic slump

Reuters
TOKYO (Reuters) – Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics. FILE PHOTO: Japan’s Prime Minister Shinzo Abe speaks at the ASEAN-Japan Summit in...
Reuters - Business

Facebook issues corrective label on user’s post under new Singapore fake news law

Reuters
SINGAPORE (Reuters) – Facebook (FB.O) said on Saturday it had issued a correction notice on a user’s post at the request of the Singapore government, but called for a measured approach to the implementation of a new “fake news” law in the city-state. FILE PHOTO: Silhouettes of laptop users are...
Reuters - Business

Facebook corrects user’s post under new Singapore fake news law

Reuters
FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo SINGAPORE (Reuters) – Facebook (FB.O) said on Saturday it had issued a correction notice on a user’s post at the request of the...
Reuters - Business

Global stocks dip as trade worries halt record rally, dollar falls

Reuters
NEW YORK (Reuters) – Oil prices slumped and a gauge of global equity markets on Friday edged away from an all-time high it was near breaching earlier in the week as doubts simmered over the outlook for signing an initial deal to ease U.S.-China trade tensions. Gold prices rose and...
Reuters - Business

Singapore tells Facebook to correct user’s post in test of ‘fake news’ laws

Reuters
SINGAPORE (Reuters) – Singapore instructed Facebook on Friday to publish a correction notice on a user’s social media post under a new ‘fake news’ law, raising fresh questions about how the firm will adhere to government requests to regulate content. FILE PHOTO: Silhouettes of laptop users are seen next to...
Reuters - Business

U.S. third-quarter GDP growth revised up to 2.1%

Reuters
WASHINGTON, (Reuters) – U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment. FILE PHOTO: A container ship is shown at port in Long Beach, California, U.S. July 16,...
Reuters - Business

Fed’s Brainard calls for ‘flexible’ average inflation target

Reuters
NEW YORK (Reuters) – The Federal Reserve should move from a strict 2% inflation target to a broad, “flexible” promise that inflation would average that level over time, a key member of the U.S. central bank’s board of governors said on Tuesday in one of the most explicit endorsements yet...
Reuters - Business

Fed’s Powell: Monetary policy well positioned to support strong labor market

Reuters
PROVIDENCE (Reuters) – Monetary policy is “well positioned” to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday. FILE PHOTO: U.S. Federal Reserve Chair Jerome Powell attends a presentation by the East Hartford CONNects, a Working...
Reuters - Business

Wall Street Week Ahead: Conditions may be set for Santa Claus rally

Reuters
NEW YORK (Reuters) – (This November 22 story has been refiled to add dropped word in paragraph 12.) A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019....

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