The U.S. dollar slipped on Friday and posted its first weekly decline this
month, as traders pared back bets on where interest rates may peak and brought forward their outlook on the
timing of rate ...
The U.S. Treasury, responding to the International Monetary Fund's downgrade of the U.S. economic growth outlook, on Friday said it values the economic surveillance provided by the global lender.
The International Monetary Fund on Friday slashed its U.S. economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would "narrowly" avoid a recession. In an annual assessment of U.S. economic policies, the IMF said it now expects U.S. Gross Domestic Product to grow 2.9% in 2022, less than its most recent forecast of 3.7% in April.
The International Monetary Fund on Friday slashed its U.S. economic growth forecast due to more aggressive Federal Reserve interest rate hikes but predicted that the United States would "narrowly" avoid a recession. In an annual assessment of U.S. economic policies, the IMF said it now expects U.S. GDP to grow 2.9% in 2022, compared with its most recent forecast of 3.7% in April.
* All 11 major S&P 500 sectors higher. * Bank stocks rally after clearing Fed's stress test. * FedEx (FDX) jumps after strong forecast. By Lewis Krauskopf, Sruthi Shankar and Anisha Sircar.
Speculators trimmed their net bearish bets on U.S. Treasury five-year note futures to their lowest since September 2021 in the latest week, but increased bearish bets across the rest of the curve, Commodity Futures Trading Commission data showed on Friday.
U.S. Treasury yields rose from
two-week lows on Friday as investors weighed the likelihood that
the Federal Reserve will spark an economic downturn as it
aggressively hikes interest rates in a bid to ...
Speculators' net long bets on the U.S. dollar rose in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $15.69 billion for the week ended June 21.
Doug Ford took the oath of office for a second term as the premier of Canada's most populous province on Friday with a promise to build highways and homes, and rebuild Ontario's economy. Ford's right-leaning Progressive Conservatives returned to power with a sweeping victory in a provincial election on June 2, winning 83 seats in the 124-seat legislature.
The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the U.S. Supreme Court's decision on Friday to overturn the Roe v. Wade precedent that for decades guaranteed a woman's constitutional right to an abortion.
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