By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -The dollar eased and global equities rebounded on Friday as Wall Street rallied on doubts that interest rates will go higher even after Federal Reserve Chair Jerome Powell cautioned that tighter monetary policy might be needed to tame inflation. Powell’s remarks…

The movement in long-term bond yields may be capturing headlines, but it isn’t a great guide for deciding what to do with interest rates, Richmond Fed President Tom Barkin said Thursday. “I don’t think long rates are quite useful as a policy variable,” Barkin said during a conversation webcast by…

By David Randall NEW YORK (Reuters) – Bargain hunters are swirling around beaten-down shares of U.S. banks, even as skeptical investors say the sector’s problems are likely to persist for some time. The bank index is down around 11% in 2023, a year that began with the failure of Silicon…

The numbers: The number of Americans who applied for unemployment benefits last week fell slightly to 217,000 and stayed at very low levels typical of a strong U.S. jobs market. New jobless claims declined by 3,000 from a revised 220,000 in the prior week, the government said. Claims still show…

By David Morgan WASHINGTON (Reuters) -U.S. House of Representatives Republicans aim to release a stopgap measure to avert a partial government shutdown on Saturday, the morning after the Moody’s (NYSE:) credit agency lowered its outlook on the government’s credit ratings to “negative.” A knowledgeable source, who spoke on condition of…

The interim president of the St. Louis Federal Reserve Bank said the U.S. central bank “can afford to wait for further data” on the economy and inflation before deciding whether to raise interest rates again. She made her remarks at an event in Jefferson, Ind. Kathleen O’Neill Paese on Thursday…

By Lewis Krauskopf, Amruta Khandekar and Shristi Achar A (Reuters) – Wall Street’s main indexes ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed, while investors looked ahead to a next week’s reports on inflation and other economic data. The tech-heavy posted…

SYDNEY — The Reserve Bank of Australia sharply revised up its forecasts for core inflation in the near term and warned that inflation pressures are cooling at a slower pace than anticipated against the backdrop of an economy that is proving more resilient than expected. Trimmed mean inflation, which is…

(Reuters) -Moody’s on Friday changed the outlook on the government of United States of America’s ratings to “negative” from “stable”. The rating agency said it expects United States’ fiscal deficits will remain very large, significantly weakening debt affordability. Moody’s (NYSE:) affirmed the long-term issuer and senior unsecured ratings at “Aaa”.…

Billionaire venture capital investor Peter Thiel promised to not give any money to Republican candidates for office in 2024 election, according to an interview published in The Atlantic Thursday. Thiel said he consented to a series of long interviews with the author in part so that he could publicly make…