federal-reserve

U.S. job growth slows; markets bet on December rate hike

U.S. employment growth eased for the third straight month in September and the jobless rate rose, but the slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year. The…

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U.S. job growth slows; markets bet on December rate hike

federal-reserve

Drop in U.S. consumer spending clouds Fed rate hike outlook

U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.1 percent last month after accounting for inflation. “Consumers took a breather in August,” said Chris Christopher of IHS Global Insight

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Drop in U.S. consumer spending clouds Fed rate hike outlook

federal-reserve

Fed’s internal split tied to dueling views on jobs outlook

The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could overheat. On Friday one of the dissenters, Boston Fed chief Eric Rosengren, explained that his vote …

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Fed’s internal split tied to dueling views on jobs outlook

federal-reserve

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

federal-reserve

U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength

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U.S. jobless claims fall as labor market remains strong

federal-reserve

Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

By David Shepardson WASHINGTON (Reuters) – Auto supplier Robert Bosch GmbH [ROBG.UL] concealed the use of Volkswagen AG's secret “defeat device” software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for American owners alleged in a court filing. The filing on Friday in U.S. District Court in San Francisco expands on claims plaintiffs lawyers made in August, when they alleged Bosch was a “knowing and active participant” in Volkswagen's decade-long scheme to…

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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

federal-reserve

Fed’s Williams says U.S. economy in good shape, wants rate hike

A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year. It “makes sense …

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Fed’s Williams says U.S. economy in good shape, wants rate hike

federal-reserve

Divided Irish cabinet to meet on whether to fight EU on Apple tax

Ireland's fragile coalition government will try on Friday to overcome cabinet divisions on whether to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker. Finance Minister Michael Noonan has insisted Dublin would fight any adverse ruling ever since the European Union began investigating the U.S. tech giant's Irish tax affairs in 2014.

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Divided Irish cabinet to meet on whether to fight EU on Apple tax

federal-reserve

Solid U.S. employment gains expected in August; jobless rate seen falling

U.S. employment growth likely moderated in August after two straight months of hefty gains, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 percent. The Labor Department will release its closely watched employment report on Friday and readings in line with expectations would reinforce views that the economy has regained speed after almost stalling in the first half of the year

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Solid U.S. employment gains expected in August; jobless rate seen falling

federal-reserve

Germany’s economy minister: U.S.-EU free trade talks have failed

Germany's Economy Minister Sigmar Gabriel said on Sunday that talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, had essentially failed. “Things are not moving on that front,” said Gabriel, who is also Germany's vice chancellor. The U.S.

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Germany’s economy minister: U.S.-EU free trade talks have failed

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