Invesitng.com — Bank deposits, and lending rose in the week ended Sep. 20, the latest data Friday from the Fed showed. Deposits at large U.S. banks rose by $48.70 billion to $17.345 trillion from a week earlier, on a seasonally adjusted basis. Commercial bank lending climbed by $3B to a…

Social Security’s cost-of-living-adjustment calculation for 2024 is expected in mid-October, but a U.S. government shutdown could put that release on hold.  In order to calculate next year’s COLA, the Social Security Administration needs September’s consumer price index data, which is expected out on Oct. 12. But the Bureau of Labor…

By Sinéad Carew NEW YORK (Reuters) – MSCI’S global equities ended Friday’s choppy session slightly lower as investors prepared for a likely U.S. government shutdown and adjusted portfolios for the quarter’s end. Hardline Republicans in the U.S. House of Representatives on Friday afternoon rejected their leader’s proposed bill to temporarily…

The U.S. government is on pace for a partial shutdown in less than two days, leaving the next major U.S. inflation report in a state of limbo with the potential to inject uncertainty into the minds of inflation traders and central bank officials. The September consumer-price index, set for release…

By David Randall and Yoruk Bahceli (Reuters) -Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter, and some investors believe more weakness is in store. U.S. government bond yields ended September with their biggest quarterly rises in a year,…

House Speaker Kevin McCarthy, a California Republican, didn’t give any indications during a news conference Friday that he would make a deal with the Democratic-run Senate to avoid a partial government shutdown that appears on track to start after midnight Saturday. “What I want to do is stand for America,”…

By Lucia Mutikani WASHINGTON (Reuters) – Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two years, welcome news for the Federal Reserve as it ponders the monetary policy outlook. The battle against…

As a government shutdown appears likely, Americans are preparing for disruptions to food aid, air travel, and much more. Worse yet, it’s also possible that a prolonged shutdown could contribute to systemic stress in U.S. financial markets. That’s according to Karen Petrou, managing director of the advisory company Federal Financial…

By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) – Surging bond yields are rattling U.S. stocks, and some investors worry the richly valued shares of giant technology and growth companies may be another weak spot. Seven megacap stocks — Apple (NASDAQ:), Microsoft (NASDAQ:), Alphabet (NASDAQ:), Amazon (NASDAQ:), Nvidia…

The chief of the New York Federal Reserve said that a key U.S. interest rate is “at, or near, the peak level,” but borrowing costs will also have to remain high for “some time” to make sure inflation is quashed. “Although inflation has come down from the peak reached last…