Fed raises rates, opens door to pause in tightening cycle
Central bank lifts rates by quarter of a percentage pointBenchmark overnight interest rate now in 5.00%-5.25% rangePowell says Fed still...
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US regional bank stocks bounce around after two-day tumble
May 3 (Reuters) - Shares of mid-sized U.S. lenders edged lower in volatile trading on Wednesday, giving back early gains...
Gold holds ground with Fed rate verdict in sight
Fed rate decision due at 2 p.m. EDTU.S. debt ceiling nerves could support gold - analystPalladium up more than 1%May...
Sterling gains versus dollar ahead of Fed rate decision
LONDON, May 3 (Reuters) - The pound gained versus the dollar and held steady against the euro on Wednesday ahead...
Banking mess, Fed among worries threatening calm stretch in US stocks
NEW YORK, May 3 (Reuters) - The calm that has prevailed in the U.S. equity market may be starting to...
Dollar on the defensive after jobs data, spotlight on Fed
SINGAPORE, May 3 (Reuters) - The dollar fell on Wednesday, ahead of an expected rise in U.S. interest rates, and...
UK’s Lloyds beats profit forecasts, signals stresses ahead
LONDON, May 3 (Reuters) - Interest rate rises helped British bank Lloyds (LLOY.L) beat first quarter profit forecasts on Wednesday,...
Failed bank executives, regulators to testify before Senate panel
May 2 (Reuters) - The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at...
US labor market softens as job openings drop, layoffs at highest level in over 2 years
Job openings drop 384,000 in March; February revised upLayoffs and discharges increase 248,000 to 1.8 millionDecline in job openings concentrated...
White House: Fed interest rates having negative effect on banking
WASHINGTON, May 2 (Reuters) - A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at...
