As Fed's Powell affirms rate cut view, others see U.S. economy humming

ATLANTA/VICTOR, Idaho (Reuters) – As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook. The contrasting remarks show the dilemma the Fed faces as it heads toward […]

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Fed's Powell says 'no rush' to hike rates in 'solid' but slowing economy

WASHINGTON (Reuters) – The Federal Reserve is in “no rush to make a judgment” about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank’s approach to an economy that is likely slowing. In two hours of testimony to the Senate Banking Committee, Powell elaborated on the “conflicting signals” […]

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Fed's Powell heads to Congress amid shifting landscape

WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Republicans alike. The value of that effort will get a very public test this week when Powell heads to Capitol […]

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Fed's Powell, in apparent dovish shift, says rates near neutral

NEW YORK (Reuters) – U.S. Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments that many investors read as signaling the Fed’s three-year tightening cycle is drawing to a […]

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Robust earnings boost equity markets after brutal month

NEW YORK (Reuters) – Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago. Strong earnings reports in the United States and Europe spurred a broad rally, despite data showing that China’s factory growth slowed […]

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