Trump's trade policy a big problem for the Fed, Powell says Federal Reserve Chairman Jerome Powell said interest-rate cuts can't offset the impact of trade tensions CBS News - Published 2 days ago
Trump asks who is bigger enemy, Fed Chair Powell or China's Xi? President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell spoke about the trade war with China and economic risks to the United States, asking whether his appointee.. Reuters - Published 3 days ago
Wall Street sinks on trade tensions
Wall Street tumbled Friday after the U.S.-China trade war escalated sharply, with President Donald Trump demanding that U.S. companies seek alternatives to doing business with China after Beijing..
Credit: Reuters Studio Duration: 01:26 Published 2 days ago
Fed's Powell won't spark stocks run-up - Kramer
Kramer Capital Research's Hilary Kramer tells Reuters' Fred Katayama Fed Chair Jerome Powell's speech at the Jackson Hole symposium Friday isn't likely to trigger a big runup in stocks.
Credit: Reuters Studio Duration: 04:33 Published 3 days ago
European shares steady on upbeat PMI data
European shares traded close to flat on Thursday as upbeat surveys on Germany and the euro zone offset signs that U.S. policymakers had not intended to start a cycle of interest rate cuts with last..
Credit: Reuters Studio Duration: 01:21 Published 4 days ago
Markets await rate cut clues from Fed Chief Powell
Federal Reserve Chairman Jerome Powell delivers a closely-watched speech this week amid mounting pressure to signal more rate cuts are in the works to avoid a recession. Conway G. Gittens reports.
Credit: Reuters Studio Duration: 02:20 Published 4 days ago
Fiat-Renault deal hints lift European shares
Car industry shares drove a rebound in European stock markets on Wednesday, helped by an Italian newspaper report suggesting merger talks between Fiat Chrysler and Renault have gained some traction in..
Credit: Reuters Studio Duration: 01:14 Published 5 days ago
Week ahead on Wall Street
Investors will be glued to the Jackson Hole central bankers gathering and earnings reports from more retailers in the week ahead on Wall Street. Fred Katayama reports.
Credit: Reuters Studio Duration: 01:19 Published 1 week ago
Wall Street rises on stimulus optimism
U.S. stocks rebounded Friday as an ebbing bond rally brought buyers back to equities, but major indexes still ended the week with losses. Fred Katayama reports.
Credit: Reuters Studio Duration: 01:15 Published 1 week ago
'Trumponomics' Just Isn't Working Out
President Donald Trump routinely blames the Federal Reserve for putting the U.S. economy at risk. However, Fed Chair Jerome Powell insists the data shows an economy is in “reasonably good” shape...
Credit: Wochit News Duration: 00:50 Published 2 weeks ago
Stocks bounce back but recession, trade fears remain
U.S. stocks clawed back Wednesday after plummeting early - as investors rushed to the safe haven of the bond market amid fears the U.S.-China trade war would aggravate an already slowing global..
Credit: Reuters Studio Duration: 01:28 Published 3 weeks ago
A rush into safety as U.S. stocks fall
On Wall Street, the Dow Jones Industrial Average opened more than 500 points lower as President Trump continued to slam China on trade. Havovi Cooper reports.
Credit: Reuters Studio Duration: 02:17 Published 3 weeks ago
Wall Street ends lower on trade fears
Wall Street extended its sell-off Friday amid renewed trade fears, capping a week where the S&P 500 index and the Nasdaq saw their worst weekly percentage plunges since December. Fred Katayama reports.
Credit: Reuters Studio Duration: 01:11 Published 3 weeks ago
Earnings Thursday: industrials in focus; Shell shocks
European shares tracked lower after the U.S. Fed dampened hopes of future rate cuts. But as David Pollard reports, the day was dominated by a torrent of earnings reports from some of continent's..
Credit: Reuters Studio Duration: 01:38 Published on August 1, 2019
Asian Shares Falter, Dollar Jumps As Powell Dampens Hopes
SYDNEY (Reuters) - Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market..
Credit: Wochit News Duration: 00:33 Published on August 1, 2019
Asian Shares Falling On 'Hawkish' Fed Outlook
SYDNEY (Reuters) - Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a..
Credit: Wochit News Duration: 00:33 Published on August 1, 2019
Fed delivers first rate cut since financial crisis
The Federal Reserve delivered a quarter-percentage point rate cut, the central bank's first rate ease since the financial crisis more than 10 years ago but Fed Chief Jerome Powell declined whether to..
Credit: Reuters Studio Duration: 02:00 Published on July 31, 2019
A Fed Interest Rate Cut Is Imminent. Why? And What's Next?
The US Federal Reserve is expected to lower borrowing costs this week for the first time since the depths of the Great Recession. It could inaugurate a series of quarter-percentage-point interest rate..
Credit: Wochit News Duration: 00:50 Published on July 30, 2019
The Fed is likely to cut rates, then what?
The Federal Reserve has sent clear signals it intends to cut interest rates Wednesday, but questions linger regarding how deep the cut will be and if the Fed will signal a readiness to lower rates in..
Credit: Reuters Studio Duration: 01:55 Published on July 30, 2019
What to watch in the week ahead
Investors will focus on a Fed rate decision, the jobs report, and the latest results from Apple. Fred Katayama takes a look at the week ahead in the U.S. business world.
Credit: Reuters Studio Duration: 01:04 Published on July 26, 2019
Consumers help U.S. economy avoid deeper slowdown
The U.S. economy surprised to the upside in the second quarter, growing at an annualized 2.1 percent rate thanks to the strongest measure of consumer spending in 2-1/2 years. The data lower the chance..
Credit: Reuters Studio Duration: 01:51 Published on July 26, 2019
Coke results boost Wall Street
The major indexes record highs Tuesday, lifted by upbeat quarterly earnings reports from Coca-Cola and United Technologies. Fred Katayama reports.
Credit: Reuters Studio Duration: 01:04 Published on July 23, 2019
Trump Criticizes Federal Reserve Over Interest Rates
President Donald Trump attacked the Federal Reserve once again, criticizing its policy decisions. Trump said the U.S. is “needlessly being forced to pay a MUCH higher interest rate than other..
Credit: Wochit News Duration: 00:32 Published on July 22, 2019
A rising chorus against Facebook's new currency
Facebook will be defending its new cryptocurrency Libra before Congress as more voices join the chorus of opposition. Jane Lanhee Lee reports.
Credit: Reuters Studio Duration: 01:57 Published on July 16, 2019
Trump calls Fed Chairman Jay Powell 'enemy,' compares him to Chinese President Xi President Donald Trump ramped up his criticism of Fed Board Chairman Jay Powell , describing his longtime target on economic issues as an "enemy."
USATODAY.com - Published 3 days ago
The Fed says trade is main reason U.S. economy is slowing While President Trump blasts Jerome Powell for slowdown, Fed officials put the blame squarely on trade tensions CBS News - Published 4 days ago Trump attacks Fed chair, pushes back on recession fears Donald Trump is lashing out at Federal Reserve chair Jerome Powell as the bond market drives fears of an oncoming recession. CBS News White House correspondent Paula Reid, Washington Post economics.. CBS News - Published 6 days ago
In Economic Warning Signals, Trump Sees Signs of a Conspiracy The president has accused his own Federal Reserve chair, other nations and the news media of working against him to derail the economy. NYTimes.com - Published 1 week ago
Housing market reacts to lowered interest rates Real estate expert Rogers Healy explains how the housing market is reacting to the Federal Reserve's decision to lower interest rates for the first time in a decade. CBS News - Published 2 weeks ago
How overspending on credit cards can affect your finances for years to come The average U.S. household has a credit card debt of about $5,700, according to an analysis of census and Federal Reserve data. Overall, consumer debt has been rising significantly since the recession.. CBS News - Published 2 weeks ago Will mortgage rates keep dropping? Homeowners and buyers benefit from lower interest rates Mortgage rates dropped to nearly three-year lows on China trade fears and a Fed rate cut. That's helping homeowners and buyers in the market now.
USATODAY.com - Published 2 weeks ago
U.S. Midwest farm economy hit hard by record floods - Fed banks U.S. farm incomes in the Midwest and Mid-Southern states declined yet again in the second quarter of 2019, as record floods devastated a wide swath of the Farm Belt, according to banker surveys.. Reuters - Published 2 weeks ago
Trump tariff takes aim at two foes: China and the Fed White House's latest China tariff threat intended to scare central bank into more interest-rate cuts, analysts say CBS News - Published 3 weeks ago
Federal Reserve cuts interest rates for first time since 2008 The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business.. CBS News - Published on August 1, 2019
What the Fed interest rate cut means for your wallet The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter.. CBS News - Published on August 1, 2019 How the Federal Reserve's interest rate cut will affect Americans The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain.. CBS News - Published on July 31, 2019
Trump says Fed's Powell 'let us down' by not signaling future interest rate cuts Trump said Fed chief Powell 'let us down' by not signaling long cycle of rate cuts. The Fed sliced its key interest rate by a quarter-percentage point
USATODAY.com - Published on July 31, 2019 Despite a solid economy, Fed cuts its key rate by quarter point to ward off a recession The Fed cut rates by a quarter point despite a solid economy, its first decrease since 2008. Slowing global growth and US-China trade war pose risks.
USATODAY.com - Published on July 31, 2019
Fed is poised to cut rates for first time since the recession The central bank is expected to cut its benchmark short-term rate later today, making the first reduction since 2008 CBS News - Published on July 31, 2019 How a Fed rate cut will affect your credit card payment, home equity line, savings rates A Federal Reserve rate cut lowers rates on credit cards, home equity lines and adjustable rate mortgages. It also decreases bank savings rates.
USATODAY.com - Published on July 31, 2019
Fed rate cut should goose stock market, history shows The Fed is expected to cut its key interest rate by a quarter percentage point Wednesday. Fed cuts when there's no recession typically lift stocks
USATODAY.com - Published on July 30, 2019 What a Fed move to cut rates would mean for you For most Americans, lower borrowing costs might not help as much as it has in the past -- here's why CBS News - Published on July 30, 2019
Why does the Fed lower interest rates? The Federal Reserve uses its fed funds rate to meet its economic goals. Here's why the Fed reduces or raises interest rates.
USATODAY.com - Published on July 30, 2019 Now's not the time for the Federal Reserve to cut interest rates The U.S. economy is already on powerful medication, from the $1.5 trillion tax cut as well as from federal borrowing and spending: Our view
USATODAY.com - Published on July 29, 2019
Interest rate reduction by the Federal Reserve provides economic insurance Federal Reserve should not wait for more evidence of a slowdown; the market is telling us it's coming, writes Joseph Lavorgna of Natixis CIB Americas
USATODAY.com - Published on July 29, 2019 Trump tweets Fed interest rate cut "will do very little" compared to Europe and China President Trump tweeted that the Fed's expected quarter point rate cut "will do very little" compared to more aggressive steps by Europe and China.
USATODAY.com - Published on July 29, 2019
U.S. economic growth slows to 2.1%, dinged by exports The slowdown in economic growth may increase the likelihood of a rate cut from the Federal Reserve next week CBS News - Published on July 26, 2019 Why are so many unable to cover a $400 emergency? About 20% of households have less than $400 in their checking and savings account, based on a Federal Reserve study. Others fear paying another bill.
USATODAY.com - Published on July 22, 2019
Fed chairman Jay Powell thinks wages could be much higher The U.S.' central banker thinks highly of the economy, but disagrees with President Trump on most major financial points. CBS News - Published on July 11, 2019 Dow 27,000! A new high for blue-chip index Market is trending higher as investors bet Fed may cut interest rates for first time in a decade later this month CBS News - Published on July 11, 2019
Federal Reserve, Kim Darroch, World Cup: Your Wednesday Evening Briefing Here’s what you need to know at the end of the day. NYTimes.com - Published on July 10, 2019 Fed's Powell says "hot" labor market is overhyped The nation's central bank chief threw cold water on the idea that the current job market is the "strongest ever" CBS News - Published on July 10, 2019
Fed chair Jay Powell slams returning U.S. to gold standard Trump nominee Judy Shelton wants to put the U.S. back on a gold standard --but no other country uses it, Powell noted CBS News - Published on July 10, 2019 Powell signals that rate cut could be coming soon Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade.. USATODAY.com - Published on July 10, 2019
Why Trump's Fed pick wants to return to the gold standard Judy Shelton favors an economic policy that the U.S. abandoned in 1971 and that most economists say is antiquated. CBS News - Published on July 3, 2019 Trump says he "made" Fed Chair Powell and would trade him for Europe's Draghi The president says "nobody ever heard of" Powell before Trump named him to run the Fed CBS News - Published on June 26, 2019
Trump Shrugs Off Killing of Khashoggi by Saudi Agents, Saying Saudi Arabia Is an Important Trading Partner In an NBC interview, Mr. Trump lashed out at his Federal Reserve chairman and said the biggest mistake of his presidency was selecting Jeff Sessions to be attorney general. NYTimes.com - Published on June 23, 2019 Dow joins S&P 500 in notching new all-time high Buoyed by the Fed, investors shrug off concerns about an economic slowdown and ongoing trade tensions CBS News - Published on June 21, 2019
Does Trump Have the Legal Authority to Demote the Federal Reserve Chairman? Pressuring the Fed to juice the economy as he seeks re-election, the president is toying with an unprecedented challenge to its independence. NYTimes.com - Published on June 21, 2019 U.S. stocks surge as S&P 500 hits record high The new peak comes a day after the Fed said it could cut interest rates if trade tensions and growth worsen CBS News - Published on June 20, 2019
Wall Street ends higher after the Fed's hold-steady decision Investors took the central bank's decision and revised outlook in stride, without reacting extremely one way or the other CBS News - Published on June 19, 2019 Fed stands pat on rates, signals it's prepared to cut if trade war intensifies The Fed kept its key interest rate at 2.25% to 2.5% but signaled it was prepared to cut rates if the US trade war with China deepens
USATODAY.com - Published on June 19, 2019
The Fed may reach a new view of where rates are headed An interest rate cut today isn't likely, but a pivot from keeping them steady may emerge, with a reduction coming soon CBS News - Published on June 19, 2019 Your Wednesday Briefing Donald Trump, Federal Reserve, Hope Hicks: Here's what you need to know. NYTimes.com - Published on June 19, 2019
3 things to watch for from the Federal Reserve on Wednesday Investors increasingly expect the central bank to cut interest rates for the first time since 2008 CBS News - Published on June 18, 2019 Federal Reserve Chairman Jerome Powell: The 60 Minutes interview Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy. CBS News - Published on June 18, 2019
Trump: Fed policies are "very destructive" to U.S. economy Again bashing the Fed, the president groused that the central bank's top policymakers are "not my people CBS News - Published on June 10, 2019 Slide in job creation has Wall Street whistling happy tune S&P 500 sees strongest week since November as investors bet the Fed will soon cut interest rates to stoke growth CBS News - Published on June 7, 2019