federal-reserve

U.S. retailers push deals early as Black Friday loses focus

With sales on Black Friday slipping, U.S. retailers are offering pre-Thanksgiving deals even earlier than in recent years to draw shoppers as the day after no longer marks a spending peak at brick-and-mortar chains. Many retailers have started opening their stores on Thanksgiving evening to boost customer traffic and sales. Wal-Mart has already said it will increase inventory by more than half this year and make deals typically reserved for

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U.S. retailers push deals early as Black Friday loses focus

federal-reserve

Federal Reserve finalizes lower dividend for member banks

The U.S. Federal Reserve finalized a reduction of its dividend payments on Wednesday, carrying out a measure Congress passed last year to help pay for the country's roads and bridges. The transportation bill approved in December lowered the rate for dividends the Federal Reserve pays its member banks.

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Federal Reserve finalizes lower dividend for member banks

federal-reserve

Strong U.S. retail sales reinforce December interest rate hike

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month. The Commerce Department said …

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Strong U.S. retail sales reinforce December interest rate hike

federal-reserve

Slowdown in orders, hiring curbs U.S. services sector growth

Other data on Thursday showed planned job cuts by U.S.-based employers dropped 31 percent to a five-month low last month. The mixed reports came a day after the Federal Reserve offered a fairly upbeat assessment of the economy and signaled it could raise interest rates next month.

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Slowdown in orders, hiring curbs U.S. services sector growth

federal-reserve

Fed to hold rates steady, put December hike firmly in view

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday but set the stage for a hike in December amid signs the economy is picking up steam. The central bank has grown increasingly confident about raising rates and Chair Janet Yellen said in September that a move before the end of the year was likely should…

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Fed to hold rates steady, put December hike firmly in view

federal-reserve

Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

The Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008-2009 crisis that depressed output, sidelined workers, and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short. Prices on longer dated U.S. Treasuries

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Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

federal-reserve

Russia expects OPEC to ask non members to consider joining output curb

MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said he expected the Organization of Petroleum Exporting Countries (OPEC) to propose that non-OPEC nations consider joining the group in limiting output. “We are waiting for the proposals

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Russia expects OPEC to ask non members to consider joining output curb

federal-reserve

Fed’s Fischer says job gains solid, expects growth to pick up

Job gains in the United States remain solid and growth should pick up in the second half of the year, Fed Vice Chair Stanley Fischer said on Sunday in remarks that indicate the central bank remains on track for a December rate increase. The United States is “close to full employment,” Fischer said in remarks prepared for delivery to the Group of 30, a panel of current and former central bankers, regulators and academic economists, during the annual meetings of the International Monetary…

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Fed’s Fischer says job gains solid, expects growth to pick up

federal-reserve

Finance leaders issue fresh warnings amid Deutsche worries, pound rout

World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial …

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Finance leaders issue fresh warnings amid Deutsche worries, pound rout

federal-reserve

Fed’s Mester says U.S. economic data consistent with higher rates

Cleveland Federal Reserve President Loretta Mester said current U.S. economic data, including the September payrolls report released on Friday, were consistent with the U.S. central bank considering an increase in interest rates. “We have made progress on both (of the Fed's) mandates,” Mester, who dissented with two other Fed officials at the September policy meeting, told reporters after a speech at an event organized by the Manhattan Institute.

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Fed’s Mester says U.S. economic data consistent with higher rates

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