U.S. housing starts, building permits race to 12-year high
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
Stocks edge lower with Fed decision on tap; oil slips
Stocks around the world edged lower on Wednesday and the U.S. dollar crept up as investors waited for the U.S. Federal Reserve’s decision on interest rates later in the day.
Atlanta Fed model estimate for U.S. third-quarter GDP edges up to 1.9%
The U.S. economy is likely growing at a 1.9% annualized rate in the third quarter, based on the latest data on industrial output and housing starts, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.
Fed’s job gets more complex as fed funds rate moves out of bounds
Stress in U.S. money markets loomed over a Federal Reserve policy meeting on Wednesday with new data showing that the central bank’s target interest rate had drifted outside the level set by the central bank for the first time since the 2007-2009 finan…
FedEx tumbles 13% on weak 2020 outlook, brokers cut price targets
Shares of FedEx Corp fell about 13% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming trade tensions and its split with client-turned-competitor Amazon.com .
Instant view: U.S. fed funds rate breaks above Fed’s target range
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank’s target range for the first time since the global credit crisis more than a decade ago.
Analyst view: Fed’s day two of cash injection into U.S. banking system
As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curve ball.
Wall Street ticks lower as FedEx warns on profit; Fed on tap
U.S. stocks edged lower at open on Wednesday, pressured by FedEx’s warning on full-year profit, while investors waited for the Federal Reserve’s decision on interest rates.
U.S. housing starts, building permits hit 12-year high
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
U.S. fed funds rate breaks above Fed’s target range
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank’s target range for the first time since the global credit crisis more than a decade ago.
