federal-reserve

Wall Street stands with two Fed-hike outlook for 2017: Reuters poll

February 3, 2017 By publisher

Wall Street's top banks expect just two rate hikes from the Federal Reserve this year and see only modest risk to the U.S. central bank being pressed into a more aggressive pace of monetary policy tightening, a Reuters poll showed on Friday. The poll of primary dealers – the 23 banks that do business directly with the Fed – indicated none expect the next rate hike to occur before the second quarter, despite a report on Friday that employers added far more workers than expected in January. While the Bureau of Labor Statistics monthly non-farm payrolls report showed employment growth continues to be healthy, wages are not keeping pace, leading many to predict the Fed will stick to a leisurely pace of rate hikes.

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Wall Street stands with two Fed-hike outlook for 2017: Reuters poll

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Warren Buffett: I bought $12 billion of stock after Trump won

February 1, 2017 By admin

Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election. In an interview with talk show host Charlie Rose that aired on Friday night, Buffett suggested that Berkshire's post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought.

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Warren Buffett: I bought $12 billion of stock after Trump won

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Wall Street sells off on weak earnings, election fears

October 11, 2016 By admin

Illumina shares plummeted 24.8 percent and were among biggest drags on the S&P 500 after the diagnostic test maker's weak quarterly update. Although overall S&P 500 earnings are currently expected to fall 0.7 percent in the third quarter, according to Thomson Reuters data, a typical number of better-than-expected reports would result in a positive quarter. At the same time, investors are bracing for the U.S. Federal Reserve to raise interest rates by the end of the year.

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Wall Street sells off on weak earnings, election fears

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Wall Street rallies as Fed holds fire on rates

September 21, 2016 By creative

NEW YORK (Reuters) – Wall Street racked up gains on Wednesday, and the Nasdaq closed at a record high, after the U.S. Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market.

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Wall Street rallies as Fed holds fire on rates

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Wells Fargo faces proposed class action over bogus accounts

September 16, 2016 By admin

Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in Utah, and seeks class-action status on behalf of hundreds of thousands of customers nationwide.

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Wells Fargo faces proposed class action over bogus accounts

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White House says it sees a path to approval of Pacific trade deal

August 29, 2016 By publisher

The White House said on Monday it could still win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in the region. “The president is going to make a strong case that we have made progress and there is a path for us to get this done before the president leaves office,” White House spokesman Josh Earnest told a news briefing ahead of Obama's trip to Asia this week. Obama has made the 12-nation free trade deal the centerpiece of a diplomatic “pivot” to Asia, but the prospects for congressional approval have looked increasingly dim, with both major presidential candidates – Democrat Hillary Clinton and Republican Donald Trump – standing opposed.

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White House says it sees a path to approval of Pacific trade deal

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Wall Street slips in wake of comments by top Fed officials

August 26, 2016 By publisher

U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had strengthened but did not indicate when the Fed would act. Yellen told a gathering of central bankers from around the world in Jackson Hole, Wyoming, the U.S. economy was nearing the central bank’s goals of maximum employment and price stability but that future hikes should be “gradual”.

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Wall Street slips in wake of comments by top Fed officials

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Weak U.S. retail sales, inflation data dim prospect of Fed rate hike

August 12, 2016 By admin

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a moderation in consumption that could temper expectations of a sharp pickup in economic growth in the third quarter. Cooling consumer spending and tame inflation suggest the Federal Reserve will probably not raise interest rates anytime soon despite a robust labor market. “Fed members are afraid to come out from under their rocks until growth is sustainably solid and inflation in, near or at their target, and today's reports don't provide them with any comfort that will happen soon,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

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Weak U.S. retail sales, inflation data dim prospect of Fed rate hike

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Weak U.S. employment report dims prospect of Fed rate hike

June 3, 2016 By admin

The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, suggesting slippage in the labor market that could make it harder for the Federal Reserve to raise interest rates. Employment gains were also restrained by a month-long strike by Verizon workers, which depressed information sector payrolls by 34,000 jobs. Underscoring the report's weakness, employers hired 59,000 fewer workers in March and April than previously reported.

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Weak U.S. employment report dims prospect of Fed rate hike

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Wall Street slips as strong data raises chances of rate hike

May 17, 2016 By admin

The Labor Department said the Consumer Price Index increased 0.4 percent last month, the largest gain since February 2013, after rising 0.1 percent in March. “This morning the economic news was generally favorable suggesting that … the U.S. economy has improved to levels warranting something other that crises-level rates,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.

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Wall Street slips as strong data raises chances of rate hike

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