Morning Bid: Fed leaves shoe dangling in policy parade
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022....
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Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...
Odd bond calm loosening Fed squeeze
LONDON, Sept 20 (Reuters) - An eerie calm in U.S. Treasuries seems at odds with uncertainty about the end of the harshest tightening cycles in decades - but it's a lifebuoy for wider markets fearful of draining liquidity.Even though 10-year Treasury yields are clocking 15-year highs, visibility on medium-term growth, inflation, oil prices and government debt is foggy and the Federal Reserve remains coy about the precise end of its 18-month rate squeeze - bond market volatility has plummeted over the past month.The closely watched MOVE index (.MOVE) of implied...
U.S. stocks close lower as investors take cover ahead of Fed decision
Maplebear shares surge in debutDisney falls after doubling capex plan for parksCanadian inflation jumps on higher gasoline pricesIndexes down: Dow...
US housing starts hit three-year low; surge in permits point to underlying strength
Single-family housing starts drop 4.3% in AugustSingle-family building permits increase 2.0%Overall housing starts plunge 11.3%; permits up 6.9%WASHINGTON, Sept 19...
Shares slip, yields rise as market awaits likely hawkish tone from Fed
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023....
Analysis: Societe Generale vision falls flat as Europe’s banks falter
People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.As a year-long boon from interest rate rises fizzles, Europe's big lenders are under a spotlight, with higher rates now upping pressure on...
China and EU hold talks on AI, cross-border data flow amid renewed tensions
An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in...
Growth jitters knock global stocks before central bank-packed week
A woman walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China March 21,...
European shares ease, with central banks in focus; Lonza drops on CEO exit
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 15, 2023. REUTERS/Staff/File photo Acquire Licensing RightsSocGen shares drop after new strategy flags little growthSwiss drug ingredient maker Lonza's CEO to leave, shares fallNordic Semiconductor at bottom of STOXX on Q3 guidance cutECB's Stournaras urges govts to help tame inflation -reportSTOXX 600 down 0.4%Sept 18 (Reuters) - European shares eased on Monday, after sharp gains last week, as investors braced for a week packed with global central bank meetings, including rate decisions from...