Fed officials face weak inflation, but split over what it means

Fed officials face weak inflation, but split over what it means
WASHINGTON/SAN FRANCISCO (Reuters) – U.S. Federal Reserve officials were divided Friday over how seriously to treat a slide in inflation, with one top policymaker saying the Fed was “close” to its inflation target and three others warning the weak price increases posed major risks the Fed may need to attack with lower interest rates. FILE PHOTO: President of the Federal... Read More

Asian stocks fail to catch Wall Street’s Fed rally as trade angst persists

Asian stocks fail to catch Wall Street’s Fed rally as trade angst persists
TOKYO (Reuters) – Asian stocks struggled on Friday to follow Wall Street’s euphoria about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded investor sentiment in the region. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Also tempering appetite in Asia... Read More

Instant view: Fed holds interest rates steady, sets up for cuts

Instant view: Fed holds interest rates steady, sets up for cuts
NEW YORK (Reuters) – The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22,... Read More

Explainer: Who pays Trump’s tariffs, China or U.S. customers and companies?

Explainer: Who pays Trump’s tariffs, China or U.S. customers and companies?
(Reuters) – U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States. FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo But that is not how tariffs work. China’s government and companies in China do not pay U.S.... Read More

Loonie rallies as hotter inflation clips rate cut bets

Loonie rallies as hotter inflation clips rate cut bets
TORONTO (Reuters) – The Canadian dollar strengthened to a five-day high against its U.S. counterpart on Wednesday, as investors reduced bets on a Bank of Canada interest rate cut this year after domestic data showing greater-than-expected inflation. Canada’s annual inflation rate rose to 2.4% in May, its highest in seven months, while two of the Bank of Canada’s three core... Read More

Qantas orders 10 A321XLRs, converts 26 more to model from prior order

Qantas orders 10 A321XLRs, converts 26 more to model from prior order
SINGAPORE (Reuters) – Australia’s Qantas Airways Ltd said on Wednesday it would order 10 Airbus SE A321XLR jets and convert another 26 from a prior order to the new long-range model. FILE PHOTO: A passenger walks with their luggage as they approach a Qantas Airways check-in counter at Sydney International Airport in Australia, October 25, 2017. Picture taken October 25,... Read More

Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD

Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD
MUMBAI (Reuters) – Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as a U.S.-China trade war disrupts global supply chains and shows little sign of easing soon, a Thomson Reuters/INSEAD survey found. FILE PHOTO: An engineer stands under a base station antenna of 5G in Huawei’s SG178 multi-probe spherical near-field testing... Read More

Trump pressures Fed’s Powell: ‘Let’s see what he does’

Trump pressures Fed’s Powell: ‘Let’s see what he does’
WASHINGTON (Reuters) – President Donald Trump on Tuesday kept up pressure on the head of the Federal Reserve to lower interest rates, following a report that White House lawyers earlier this year explored whether they could legally strip Jerome Powell of the Fed chairmanship. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell delivers the Federal Reserve’s Semiannual Monetary Policy Report... Read More