Category Archives:
U.S. Federal Reserve delivers second super-sized rate hike
(Reuters) - The U.S. Federal Reserve on Wednesday delivered its second straight 75 basis point rate hike, reinforcing its commitment to contain red-hot inflation. Policymakers said inflation "remains ...
Jul 27, 2022
Fed’s Powell does not believe U.S. economy is in recession right now
(Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for the Fed to avoid a recession cont...
Jul 27, 2022
Fed’s Powell: Time to go ‘meeting by meeting’ with guidance
(Reuters) - The lack of clear visibility into the future trajectory of the economy means the Federal Reserve can provide reliable guidance about where its policy is headed only on a "meeting by meetin...
Jul 27, 2022
Fed’s Powell: Another ‘unusually large’ rate increase may be warranted at next meeting
(Reuters) - Another "unusually large" increase in interest rates may be appropriate at the Federal Reserve's September meeting, but the decision will be determined by the incoming economic data betwee...
Jul 27, 2022
Blinken says U.S. made ‘substantial offer’ to Russia to bring home detained Americans
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) -The United States has made "a substantial offer" to Moscow to bring home U.S. citizens detained in Russia, U.S. Secretary of State Antony Blinken...
Jul 27, 2022
Former U.S. congressman pleads not guilty to insider trading charges
NEW YORK (Reuters) - Former U.S. congressman Stephen Buyer pleaded not guilty in Manhattan federal court on Wednesday to insider trading charges over purchases of Sprint shares before the telecommunic...
Jul 27, 2022
U.S. debt burden to rise to 185% of GDP in 2052, CBO projects
WASHINGTON (Reuters) - The U.S. federal debt burden will reach 185% of economic output in 2052, the Congressional Budget Office projected on Wednesday, an improvement over last year's long-term estima...
Jul 27, 2022
Instant View: Fed hikes rates another 75 basis points
NEW YORK (Reuters) - The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on Wednesday in an effort to cool the most intense breakout of inflation s...
Jul 27, 2022
Wisconsin Democrats line up behind Barnes in bid to unseat U.S. Senator Johnson
WASHINGTON (Reuters) - Milwaukee Bucks executive Alex Lasry will end his run for the Democratic U.S. Senate nomination in Wisconsin, party officials said on Wednesday, as Democrats lined up behind Lie...
Jul 27, 2022
Russian economy declines 4% y/y in Q2 after 3.5% y/y increase in Q1 -econ ministry
MOSCOW (Reuters) - The Russian economy declined by 4.0% year-on-year in the second quarter of 2022 after a 3.5% rise in the previous three months, the economy ministry said on Wednesday. The first qua...
Jul 27, 2022
Peoria, IL, USA
39 °F Light Rain
