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Fed keeps rates steady, signals one hike by end of year

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation.

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Fed keeps rates steady, signals one hike by end of year

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G20 will use ‘all policy tools’ to lift growth as Brexit weighs

By William Schomberg and Elias Glenn CHENGDU, China (Reuters) – The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to abate once Britain laid out a

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G20 will use ‘all policy tools’ to lift growth as Brexit weighs

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U.S. posts $6 billion budget surplus in June

The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday. Receipts last month totaled $330 billion, while outlays were at $323 billion.

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U.S. posts $6 billion budget surplus in June

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No more Tesla buyback guarantee as company cuts prices again

Tesla Motors Inc said on Wednesday it had discontinued its resale value guarantee program that assured buyers that cars would retain value over time, and lowered the starting price of its Model X crossover, the second time it has lowered prices this …

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No more Tesla buyback guarantee as company cuts prices again

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U.S. economy shows few signs of sustained inflation pressure: Fed

The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday. Wage…

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U.S. economy shows few signs of sustained inflation pressure: Fed

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China removes stocks regulator head after market woes

By Adam Jourdan SHANGHAI (Reuters) – China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the official Xinhua news agency on Saturday follows a string of assurances from senior leaders following the Lunar New Year holiday that China…

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China removes stocks regulator head after market woes

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In switch, Bullard warns against rate hikes, suggesting Fed’s direction

One of the U.S. Federal Reserve's most prominent advocates of higher interest rates on Wednesday declared it “unwise” to move any further in light of weak inflation and global volatility, suggesting the Fed is stepping further away from plans to continue to hike rates. St. Louis Fed President James Bullard argued steadily last year for the U.S. central bank to tighten policy and sounded alarms over the risk that continued low…

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In switch, Bullard warns against rate hikes, suggesting Fed’s direction

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Global downturn spurred Fed to consider changing rate path: minutes

By Jason Lange and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve policymakers worried last month that a global slowdown and financial market selloff could hurt the U.S. economy and considered changing the central bank's planned interest rate hike path for 2016. Although most of the policymakers still expected to raise rates this year and even discussed a

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Global downturn spurred Fed to consider changing rate path: minutes

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Tougher lending standards pose risk to outlook for Fed

A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen …

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Tougher lending standards pose risk to outlook for Fed

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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, on Tuesday begins a two-day, appeal against his conviction and a 14-year jail sentence, one of the toughest to date for white collar crime. The London case is being heard by Lord Chief Justice John Thomas — the head…

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Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

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