Economics News Results

  • Fed Report Signals No Worries About Recent Market Volatility

    WASHINGTON-- The Federal Reserve signaled Friday it is unperturbed by the volatility in financial markets earlier this month and remains on track to raise rates gradually this year. In its semiannual monetary policy report to Congress released Friday, the central bank said it still sees equity prices as elevated despite the market selloff in early February, but noted that "overall vulnerabilities in the U.S. financial system remain moderate on balance." Fed Chairman Jerome...

  • China's Jan home prices rise even as top cities register decline

    * China's Jan average new home prices rise 5 pct y/y. * Jan new home prices +0.3 pct m/m - Reuters calculations. * Beijing's prices +0.2 pct m/m, Shanghai and Guangzhou -0.4 pct. * Tier-one cities' prices decline, first drop in more than 2 years. By Josephine Mason and Pei Li.

  • China's property price growth slowed 'slightly' in Jan - stats bureau

    Property price growth in China was "stable while slightly lower" in January, the nation's statistics bureau said in a statement on Saturday, as data showed prices in eleven major cities fell year on year. Last month, Beijing's new home prices rose 0.2 percent month on month, while Shanghai and Guangzhou prices fell 0.4 percent and the market in Shenzhen was unchanged, data showed.

  • With rates low, Fed officials fret over next U.S. recession

    Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of an unprecedented leadership transition, Fed officials are publicly debating how to prepare for the next downturn.

  • With rates low, Fed officials fret over next U.S. recession

    Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of an unprecedented leadership transition, Fed officials are publicly debating how to prepare for the next downturn.

  • With rates still low, Fed officials fret over next U.S. recession

    Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack the same punch.

  • Fed's Williams sticks to gradual rate-hike view

    San Francisco Federal Reserve Bank President John Williams on Friday stood by the U.S. central bank's guidance for gradual rate hikes ahead, saying that the economic outlook has not fundamentally changed from when that guidance was issued. "I think the U.S. economy is doing really well," Williams said at Town Hall Los Angeles.

  • Peru current account deficit narrows to 1.3 pct of GDP -central bank

    Peru had a current account deficit of 1.3 percent of the gross domestic product in 2017, its smallest in the last eight years, thanks to higher revenues from its mining exports, the central bank said on Friday. The current account is the broadest measure of a country's foreign transactions encompassing trade, services, and financial flows including interest payments.

  • GDP Growth Expected to Remain Steady -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1000 New Home Sales Jan 650 K 625 K-- percent change Jan +4.0% -9.3% 1030 Dallas Fed Mfg Svy Feb 32.0 33.4 Tuesday 0830 Durable Goods Orders Jan -2.7% +2.8%* 0900 S&P/Case-Shiller 20- City Dec N/A +6.4% HPI 1000 Consumer Confidence Feb 126.4 125.4 1000 Richmond Fed Mfg Svy Feb N/A 14 Wednesday 0830 Real GDP 4 Q +2.5% +2.6%** 0830 GDP...

  • Fed's Mester Says Ready to Review Bank's Operating Strategy

    Federal Reserve Bank of Cleveland President Loretta Mester said Friday she's ready to review the central bank's operating strategy this year, even as she said the Fed's current way of conducting policy has worked to deliver a good economic outcome. "The economic expansion is now firmly in place, labor markets are strong, and inflation is expected to return to 2% on a sustained basis over the next couple of years," Ms. Mester said in the text of a speech to be delivered at the University...

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