• August 24, 2024

Takeaways from AP's report on federal policies shielding information about potential dam failures

Thousands of people live downstream from dams yet may not always realize the risks. As the climate changes, heavy rains from intense storms have put communities at greater jeopardy from flooding ...

Read More

• August 23, 2024

IMF's Gourinchas says right for US to cut rates though inflation risk not gone

By Howard Schneider JACKSON HOLE, Wyoming (Reuters) - The imminent rate cuts planned by the U.S. Federal Reserve are "in line" with International Monetary Fund advice that has put a premium on en...

Read More

• August 23, 2024

Major Central Banks Now Aligned as Powell Signals Fed Cuts Ahead

(Bloomberg) -- Officials from three of the world’s major central banks on Friday signaled they are firmly on course to lower — or continue lowering — interest rates in the coming months, marking the...

Read More

• August 23, 2024

Bond Traders Are Vindicated as Powell Sets Up September Fed Cut

(Bloomberg) -- Bond investors’ big bet on US Treasuries is paying off after Federal Reserve Chair Jerome Powell cemented expectations for an interest-rate cut next month. Treasuries rallied on Fr...

Read More

• August 23, 2024

TSX hits record high as Fed chief signs off on rate cuts

By Fergal Smith (Reuters) -Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed ...

Read More

• August 23, 2024

Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates

By Lawrence Delevingne (Reuters) -Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Res...

Read More

• August 23, 2024

Fed chair’s ‘unmistakably dovish’ tone gives investors hope for a mega rate cut next month

After more than a year of pleas from Wall Street, Federal Reserve Chair Jerome Powell has finally indicated that he will begin cutting interest rates. In a highly anticipated keynote address at an a...

Read More

• August 23, 2024

Takeaways from Fed Chair Powell's speech at Jackson Hole

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell all but proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday ...

Read More

• August 23, 2024

Fed's Goolsbee: Current rate policy too tight for economy

By Michael S. Derby (Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday monetary policy is quite tight and is no longer aligned with current economic conditions, a...

Read More

• August 23, 2024

Analysis-Powell's Fed not shy about election-year cuts, ready to defend job market

By Howard Schneider JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chair Jerome Powell made it clear on Friday the U.S. central bank would not shy away from pivoting to interest rate cuts in t...

Read More