• August 21, 2024

Dollar drops as jobs revised lower, some Fed officials wanted July cut

By Karen Brettell (Reuters) -The dollar fell to a more than one-year low against the euro and sterling on Wednesday after data showed employers added 818,000 fewer jobs in the year to March than ...

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• August 21, 2024

Fed Minutes Show Several Saw Case for Cutting Rates in July

(Bloomberg) -- Several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their July 30-31 meeting before the central bank’s policy committee voted unani...

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• August 21, 2024

Gold Near Record as Jobs Revision, Fed Minutes Support Rate Bets

(Bloomberg) -- Gold traded near a record high as Federal Reserve minutes and a downward revision of US payrolls reinforced expectations that policymakers will cut interest rates in September. Sev...

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• August 21, 2024

Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

WASHINGTON (AP) — Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool....

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• August 21, 2024

Ovintiv Explores Sale of Oil Operations in Uinta Basin

(Bloomberg) -- Ovintiv Inc. is considering a possible sale of its operations in the Uinta Basin, which could fetch as much as $2 billion, people with knowledge of the matter said. Denver-based Ov...

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• August 21, 2024

US employment falls by 818,000 in latest government revision

The US economy employed 818,000 fewer people than originally reported as of March 2024, showing the labor market may have been cooling long before initially thought. The revisions are a yearly ...

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• August 21, 2024

Government: US economy added 818,000 fewer jobs than first reported in year that ended in March

WASHINGTON (AP) — The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence t...

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• August 21, 2024

Chicago Fed president warns falling inflation and high interest rates could make things worse

It would be convenient if every member of the Federal Open Market Committee was always in agreement about what to do with the base interest rate— for Wall Street at least . There would be no ne...

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• August 21, 2024

Will Buffett's 'put' on oil firm Occidental halt share drop?

HOUSTON (Reuters) - Shares in U.S. oil producer Occidental Petroleum fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warre...

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• August 21, 2024

EUR/USD and GBP/USD Rallies Fuelled by Ongoing US Dollar Weakness

The US dollar is sliding lower as US rate cuts near EUR/USD and GBP/USD post multi-month highs The minutes of the last FOMC meeting are released later in today's...

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