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A central banker on the bizarre economy sounds like Spider-Man in the multiverse, saying he needs a few months 'to see where reality is'

October's 30-year-high inflation has central bankers sounding like Marvel characters. Richmond Fed …

Ben Winck   


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Inflation fears and the resulting bond-market plunge were short-sighted, Richmond Fed president says

Soaring Treasury yields are a "natural reaction" if investors expect continued vaccination and effe…

Ben Winck   


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Relief measures should soon prioritize long-term employment, inflation goals over stabilization, Fed official says

Detailed forward guidance and new asset-purchase strategies could help protect against a second eco…

Ben Winck   


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Richmond Fed names McKinsey's Thomas Barkin as its next president

"In choosing Thomas Barkin to lead the Richmond Federal Reserve, the Richmond Fed's board ignored t…

Pedro Nicolaci da Costa   


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The Fed is 'getting closer' to cutting interest rates, top official says

Several official from the Fed seem confident that, with more data on steadily decreasing inflation,…

Kelly Cloonan   


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Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings

Investors took a breather after the latest rally pushed indexes to new records in recent days. Nvid…

Filip De Mott   


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Stock market today: Tech leads rebound as traders move on from CPI and brace for earnings

US stocks rebounded Thursday, moving past inflation fears that triggered a sell-off in Wednesday's …

Yuheng Zhan   


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Gold Rate Today (May 17, 2024): Rates Across Major Indian Cities

On Friday, there was a noticeable decrease in gold rates across India. In Delhi, the current price …

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A key indicator says the Fed is still poised to cut interest rates in March

The Taylor Rule framework indicates that the fed funds rate should be at 4.5% by now, Apollo's chie…

Filip De Mott   


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Don't expect interest rate cuts from the Fed anytime soon as the market overrates a Goldilocks scenario

"The Fed has first to move to a neutral policy bias, then to an easing bias, before cutting the pol…

Matthew Fox   


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US stocks end mixed as Fed officials sound off on inflation fight and path of future rate hikes

Elsewhere, oil prices slid this week as the outlook for further monetary tightening stoked recessio…

Morgan Chittum   


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Investors think the Fed has won the war against inflation

Markets fear the Fed risks going too far just as it's about to pull off the balancing act of loweri…

Phil Rosen   


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US stocks edge higher as traders get ready for a big week of corporate earnings

Goldman Sachs, Bank of America, Morgan Stanley, Netflix, and Tesla are all set to report earnings r…

Morgan Chittum   


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Millions of sidelined workers won't come back 'unless the math makes better sense to them'

Six million people could return to the labor force if jobs offered better compensation, benefits, a…

Dominick Reuter   


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US stocks fall to break 4-week win streak as Fed officials signal more hawkish rate hikes

The market ended with losing week with more than $2 trillion worth of options expiring. The Fed's T…

Carla Mozée   


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US stock futures and European stocks recover after hawkish Fed comments on inflation hit investor sentiment

Policymakers are intent on tackling inflation by any means necessary, prompting investors to punish…

Adam Morgan McCarthy   


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US tech stock futures rise as bond yields cool after Fed comments, while the Turkish lira plunges

Soothing words from the Fed helped calm the bond market, while Turkey's currency tumbled after the …

Harry Robertson   


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A top Fed official wants to make sure the job market is strong enough to withstand the next recession

"Labor force growth requires tackling the many labor segments operating under their full potential,…

Pedro Nicolaci da Costa   


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The Fed says interest rates are likely to remain at historically low levels - for now

The policy-setting Federal Open Market Committee was widely comfortable in December with the curren…

Gina Heeb   


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Deutsche Bank probes suspected $6 billion money laundering in Russia

Deutsche Bank repeated a statement from May 20, saying it had suspended a small number of traders i…