Economics News Results

  • Here are 5 things to know about the surge in Fed mortgage bond buying

    Fed's goal is to eventually shed its MBS holdings. The Federal Reserve has dramatically picked up the pace of its mortgage bond purchases in recent months, with this week alone seeing the central bank snap up $1.8 billion. But while the central bank has scaled up its purchase plans through the Federal Reserve Bank of New York, which can be tracked here, that doesn't mean it has been loading up its balance sheet.

  • Trump meets with Fed boss Powell to talk economy in wake of White House criticism

    Fed says Powell gives no hints or promises about interest rates. Federal Reserve Chairman Jerome Powell met with President Donald Trump at his request to discuss the economy, but the Fed on Monday said Powell gave no hints or promises about what the central bank will do next. Trump has repeatedly and harshly criticized the Fed and Powell for not cutting interest rates fast enough when the economy weakened earlier this year, but he called the face-to-face meeting "good& cordial," in a...

  • Fed Chairman Powell, Trump Meet, Discuss Economy

    Federal Reserve Chairman Jerome Powell met with President Trump at the White House on Monday to discuss the economy, the central bank said in a statement. Fed officials have cut their short-term rate three times since July, most recently in October to a range between 1.5% and 1.75%. Officials lowered rates to cushion the U.S. economy against the risks of a sharp slowdown due to a slide in business investment and decelerating global growth.

  • Trump and Powell met Monday at White House to discuss economy

    U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning to discuss "the economy growth, employment and inflation," the Fed said in a statement. The meeting included Treasury Secretary Steven Mnuchin.

  • Zimbabwe central bank cuts main lending rate to 35% from 70% -statement

    Zimbabwe's central bank cut its main lending rate to 35% from 70% effective Wednesday after a meeting of the monetary policy committee, which said the inflation outlook was positive despite a recent spike in prices. The month-on-month inflation rate soared to a four-month high of 38.75% in October from 17.7% the previous month, propelled by a surge in the prices of food and alcoholic beverages.

  • President Trump meets with Fed Chairman Powell to discuss economy

    Federal Reserve Chairman Jerome Powell on Monday met with President Trump, a frequent critic, to discuss the economy and interest rates, but his comments were similar to what Powell has already said publicly, the central bank said in a statement. "Chair Powell's comments were consistent with his remarks at his congressional hearings last week. He did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming...

  • The Conference Board Leading Economic Index® (LEI) for Australia Increased

    NEW YORK, Nov. 18, 2019 The Conference Board Leading Economic Index® for Australia increased 0.2 percent in September 2019 to 107.7. The Conference Board Coincident Economic Index® for Australia increased 0.2 percent in September 2019 to 106.1.   The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle.

  • U.S. Home-Builder Confidence Slips in November

    WASHINGTON--A gauge of U.S. home-builder confidence edged lower in November, the latest sign the housing market is moving sideways this fall. --The National Association of Homebuilders said Monday its housing market index fell to 70 from a level of 71 in October. The October reading was the index's highest level since February 2018. A reading above 50 indicates that more builders view conditions as good than poor.

  • It's great the stock market is setting records, but it's not because the economy is great

    Consumer spending, business production slow ahead of holidays. Stocks on Wall Street have soared to fresh record highs, but it's not because the economy is flashing a big thumbs-up sign. The economy is still expanding, to be sure, and sporadic worries about recession have faded again.

  • Merkel, Scholz push back against demands for higher public spending

    * Merkel: We can generate growth without new debt. * BDI boss: "Germany must wake up from sleeping phase" By Michael Nienaber. Chancellor Angela Merkel and Finance Minister Olaf Scholz on Monday brushed aside a rare joint demand from German businesses and unions that they "wake up" the stagnant economy by ditching the balanced budget policy and funding infrastructure with debt.

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