Fed's Powell takes old-school view on U.S. borrowing capacity

WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell likes to avoid any hint of politics in his public statements, but in a seemingly non-controversial response to a question about U.S. government borrowing on Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy. Over the past year in particular, many […]

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After three rate cuts, Fed policymakers are done for now

HOUSTON/NEW YORK (Reuters) – Speaking in events across the country, Federal Reserve policymakers hammered home the message that Fed Chair Jerome Powell delivered earlier this week: that after cutting borrowing costs three times this year, the Fed is now done. After the latest quarter-point decrease Wednesday, which took the Fed’s target for the overnight bank-to-bank lending rate to a range […]

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Fed Says U.S. Economy Expanding At Slight To Modest Pace

Two weeks ahead of the Federal Reserve’s next monetary policy meeting, the central bank’s Beige Book said Wednesday the U.S. economy expanded at only a slight to modest pace over the past month. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted business activity varied across the country. Reports from districts representing […]

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Fed Says U.S. Economy Expanding At Slight To Modest Pace

Two weeks ahead of the Federal Reserve’s next monetary policy meeting, the central bank’s Beige Book said Wednesday the U.S. economy expanded at only a slight to modest pace over the past month. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, noted business activity varied across the country. Reports from districts representing […]

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Zero rates and QE still in Fed's playbook for "ordinary recession" – Bullard

LONDON, Oct 15 (Reuters) – Zero percent U.S. interest rates, assets purchases and supportive policy promises are still the Federal Reserve’s playbook for an “ordinary recession”, one of its top policymakers said on Tuesday St. Louis Federal Reserve bank president James Bullard said a paper by former Fed chief Janet Yellen recommending cutting rates to zero, and using forward guidance […]

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Fed's Powell sees 'favorable' outlook, 'sustainable' expansion

DENVER (Reuters) – Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act “as appropriate” amid an economy that he said is likely to continue to expand. “This feels very sustainable,” Powell said in Denver at the annual meeting of the National Association of […]

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Fed's Powell sees 'favorable' outlook, 'sustainable' expansion

DENVER (Reuters) – Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act “as appropriate” amid an economy that he said is likely to continue to expand. “This feels very sustainable,” Powell said in Denver at the annual meeting of the National Association of […]

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Wholesale prices sink in September, PPI shows, reaffirming low level of inflation

The numbers: The wholesale cost of U.S. goods and services posted the steepest decline in September since the first month of the year, largely reflecting lower gasoline prices and signaling that inflation is likely to remain low. The producer price index sank 0.3% last month, reversing most of the increase in the prior two months. Economists polled by MarketWatch has […]

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