Browsing: Economy

(Reuters) -The Federal Reserve held its benchmark overnight interest rate steady at the Sept. 19-20 policy meeting. Data since then will influence whether the U.S. central…

Rep. Jim Jordan hit resistance on Tuesday in his effort to become the next speaker of the U.S. House of Representatives, as the Ohio congressman failed…

U.S. retail sales have seen an unexpected rise of 0.7% in September, due to high demand at auto dealerships, online stores, and increasing gasoline prices. This…

(Reuters) – Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it’s unclear…

The numbers: U.S. industrial production rose 0.3% in September, the Federal Reserve reported Tuesday. The gain was above expectations of a 0.1% gain, according to a…

In a speech delivered on Tuesday to the Real Estate Roundtable, Thomas Barkin, President of the Federal Reserve Bank of Richmond, emphasized that policymakers have sufficient…

The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 4 points to 40 in October, the U.S. trade group said on Tuesday.…

By Doyinsola Oladipo NEW YORK (Reuters) -Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos MGM…

“ Fed Chairman Jerome Powell is essentially telling us that  monetary policy may work its wonders if we are just patient.” A Federal Reserve decision to keep…

The liquidity of the US Treasury market has largely rebounded following disruptions caused by the regional bank failures in March, including Silicon Valley Bank and Signature…