New policies coming to America could take weight off Fed: Powell
CHICAGO (Reuters) – A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America’s mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said…
Fed’s Kashkari says he’s optimistic about bank plan under Trump
CHICAGO (Reuters) – Neel Kashkari, the president of the Minneapolis Federal Reserve Bank who wants to force U.S. banks to hold more capital in order head off a future financial crisis, on Saturday said he was optimistic about his plan’s chances under i…
Rising REITs back bets on stronger economy
NEW YORK (Reuters) – Investors puzzled over whether U.S. interest rates are rising due to a stronger economy or because of fears about inflation might want to look at the recent gains in REITs for some useful guidance.
Fed’s Powell says signs of financial excess are ‘isolated’
CHICAGO (Reuters) – Low interest rates have helped the Federal Reserve get close to meeting its goals for employment and inflation and have yet to create financial instability, Federal Reserve Governor Jerome Powell said on Saturday.
In sign of more hawkish Fed, Evans nods to three rate hikes
CHICAGO (Reuters) – Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues.
Ford plant turns ‘cemetery’ as Trump wrenches Mexican autos
SAN LUIS POTOSI, Mexico (Reuters) – Ford Motor Co’s abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump’s agenda poses …
Audi sales hit record in 2016, despite losing ground to rivals
BERLIN (Reuters) – German luxury-car brand Audi said its deliveries rose to a new record last year despite the diesel emissions scandal, although that would likely not be enough to save it from dropping into third place behind luxury rivals Mercedes-Be…
As Trump targets Toyota over Mexico, Nissan faces bigger risk
TOKYO (Reuters) – U.S. President-elect Donald Trump has threatened Toyota Motor Corp over its Mexican-built cars, but the biggest risk from a punitive tariff would be for its compatriot Nissan Motor Co , the largest automaker operating in the country….
Boosted by Apple, Wall Street parties like it’s 19,999
(Reuters) – The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record highs, boosted by Apple, extending a two-month rally fueled by optimism about U.S. President-elect Donald Trump.
U.S. job growth slows, but wages rebound strongly
WASHINGTON (Reuters) – U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve …
