City Powell, county Jerome Financial News

04.09 / 08:13

economics Federal Reserve US Fed Global US unemployment ticks up in August to 3.8%

Average hourly wages rose 0.2% from July and 4.3% on an annual basis, decreasing slightly but remaining above the levels needed to hit the Fed’s 2% inflation target.

01.09 / 22:29

COST UPS Lowe's FIVE Man Boeing performer Take Five: A September to remember?

(Reuters) — As an awful August gives way to an uncertain September, investors hope this month will confirm that the seemingly relentless rise in interest rates will end soon, meaning respite for both stocks and bonds.

01.09 / 18:35

UPS Manufacturing CEO Platform show track Hiring breadth across US industries picked up in August

By Safiyah Riddle

01.09 / 16:47

COST UPS Provident Action Chase Jerome Powell's Speeches Obfuscate the Truth Behind Inflation

Powell’s recent Jackson Hole Summit speech was mainly as expected. Well, except for the part where Powell obfuscated the truth behind the surge in inflation. More telling was the misunderstanding of the impact of fiscal and monetary policies on long-term outcomes.

01.09 / 11:25

UPS Target Progressive Manufacturing Landmark 'Really bad economics': Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation

The Federal Reserve «didn't do their homework» and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph Stiglitz.

31.08 / 19:25

Lowe's Extreme Merit Parke country cover Financial Sorry, Fed Chair Powell, financial advisors watch their own economic indicators

Federal Reserve Chair Jerome Powell has his data. Financial advisors have theirs.

31.08 / 12:29

Provident Lowe's Target ADP stage EUR/USD Rebounds, CAD/JPY Prepares to Break Out, USD/PLN Tumbles: What's Next?

Following Federal Reserve Chairman Jerome Powell's speech last week that didn't provide any clues regarding monetary policy, investors shifted their focus to macroeconomic indicators.

30.08 / 19:11

UPS FIVE Flushing Rolex Quantitative tightening stirs up headwinds for economic growth

Jerome Powell, chairperson of the US Federal Reserve, has reiterated the Fed’s commitment to bringing down inflation to its preferred level of 2%. “We must keep at it until the job is done," Powell said on Friday, implying that interest rates will remain high until the Fed is confident that it has a firm grip on bringing down inflation. The Fed tries to control inflation by raising the federal funds rate, the interest rate at which banks in the US lend money to each other on an overnight basis.

30.08 / 15:51

economics US Fed Jerome Powell GDP Global 'Weaker than expected' US GDP grows 2.1% in second quarter of 2023

'Perhaps the surprisingly resilient US economy is finally showing signs of slowing after a long rate hiking cycle.'

29.08 / 16:07

UPS Platform Action Chevron Oil steadies as supply concerns counter macroeconomic jitters

Brent crude edged up by 3 cents to $84.45 a barrel by 1332 GMT while U.S. West Texas Intermediate crude dipped 4 cents to $80.07. Hurricane Idalia strengthened on Tuesday as it headed towards Florida's Gulf Coast after skirting past Cuba. It is likely to cause power outages and could hit crude production.

29.08 / 15:47

UPS Lowe's Target RAI show Low Dollar drops after jobs data, yen briefly hits 10-month low

By Karen Brettell and Alun John

29.08 / 15:17

UPS Reuters CME show US job openings in July post third straight monthly drop

US job openings fell for a third straight month in July as the labor market gradually slows, but conditions remain tight, likely ensuring that the Federal Reserve would keep interest rates high for some time. Job openings, a measure of labor demand dropped 338,000 to 8.827 million on the last day of July, the lowest level since March 2021, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Data for June was revised lower to show 9.165 million job openings instead of the previously reported 9.582 million. Economists polled by Reuters had forecast 9.465 million job openings in July. The labor market has remained resilient despite 525 basis points in interest rate hikes from the Fed since March 2022, in part as employers filled positions, which opened up during the COVID-19 pandemic.

29.08 / 12:55

economics US Fed Jerome Powell Global Powell maintains 'hawkish tilt' at Jackson Hole

Fed chair Jerome Powell spoke at the Jackson Hole symposium last week.

29.08 / 11:43

UPS NASDAQ Enterprise UBS track Stocks gain as markets await raft of US and global data

European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies.

29.08 / 10:23

UPS Provident CME show economic data Futures muted as investors await more economic data

(Reuters) — U.S. stock index futures were subdued on Tuesday in a data-packed week, with job openings figures due later in the day that will provide further clues on the state of the economy.

29.08 / 10:13

Stablecoin regulation Federal Reserve Republican Trio Voices Concerns on Fed's Influence on Stablecoin Regulation

Three Republican lawmakers have lashed out at the Federal Reserve regarding its recent moves to strengthen oversight of banks' cryptocurrency and stablecoin activities.

29.08 / 07:57

Provident Lowe's Target Booking show track Dollar edges lower ahead of hefty data dump

Investing.com — The U.S. dollar edged lower in early European trade Tuesday, retreating from near three-month highs ahead of the release of a slew of key economic data this week.

29.08 / 06:01

UPS Rupee flat as corporate dollar purchases counter weaker dollar

Indian rupee was little changed on Tuesday after surrendering its opening gains due to the dollar demand from corporates, traders said. The rupee was at 82.6325 to the U.S. dollar by 10:46 a.m.

29.08 / 04:53

Lowe's Yellow track country week Gold Prices Gold prices hit near 3-week high as dollar, yields retreat

Investing.com-- Gold prices rose to a near three-week high on Tuesday, tracking some weakness in the dollar and Treasury yields as markets awaited a slew of key U.S. economic readings due later this week.

29.08 / 04:49

Stablecoin Federal Reserve crypto regulation lawmakers Stablecoin Bill Republican Lawmakers Accuse Fed of Obstructing Advancements on Stablecoin Bill

A group of Republican lawmakers have expressed their concerns regarding the Federal Reserve's recent measures aimed at strengthening its oversight of crypto and stablecoin activities within banks.

29.08 / 04:17

Provident Lowe's Gap country Asia FX creeps higher as dollar weakens ahead of U.S. data deluge

Investing.com-- Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week.

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