(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Thursday repeated his view that getting the economy on the “golden path” — where inflation falls but recession is avoided – is possible, but not a guarantee. “The overall level of inflation is still above where we want to be,” Goolsbee said in an interview …
Fed’s Goolsbee says he hopes ‘golden path’ is within reach Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams on Thursday kept his options open over future U.S. interest rate policy, acknowledging falling inflation and a better balanced economy, which suggests there is no urgency for a rate rise later this month. When it comes to the current …
Fed’s Williams: An ‘open question’ whether Fed will need to hike again Read More »
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs CEO David Solomon on Thursday responded to a string of critical comments in news reports in recent weeks, saying it was “not fun” but that he was focused on running the firm in a live interview on CNBC. “I don’t recognize the caricature that is painted …
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(Reuters) – Several U.S. agencies are investigating allegations of fraud leveled by billionaire Cameron Winklevoss against Digital Currency Group (DCG) and its CEO Barry Silbert, Bloomberg News reported on Thursday, citing people familiar with the matter. Prosecutors in Brooklyn, FBI agents, and U.S. SEC staff sat in on an interview in recent months with Cameron, …
Winklevoss claims fuel US probe of DCG crypto business – Bloomberg News Read More »
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem on Thursday said interest rates may not be high enough to bring inflation back down to target, sending a hawkish message after holding borrowing costs at a 22-year high a day earlier. The Bank of Canada (BoC) on Wednesday kept its …
Bank of Canada says interest rates may not be high enough to tame inflation Read More »
By Sinéad Carew and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq fell on Thursday, with the biggest drag from Apple and a sell-off in chip stocks over concerns about China’s iPhone curbs, while a fall in weekly U.S. jobless claims fed worries about interest rates and sticky inflation. Shares in S&P heavyweight …
S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters Read More »
By Valerie Insinna WASHINGTON (Reuters) -Spirit AeroSystems, a major supplier of parts for jetliners, has asked Boeing and Airbus to absorb more of the financial pain caused by inflation that makes its contracts “not sustainable,” Spirit CEO Tom Gentile said on Thursday. In the first half of the year, Spirit took about $215 million in …
Spirit AeroSystems CEO says Boeing, Airbus contracts ‘not sustainable’ Read More »
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund and World Bank on Thursday issued a rare joint statement pledging to step up their cooperation to address climate change, debt vulnerabilities and countries’ digital transitions. The statement, released ahead of a G20 leaders summit in India this week, said the two institutions can help …
IMF, World Bank to step up cooperation on climate, debt, digital transition Read More »
(Reuters) -Electric-vehicle maker Rivian Automotive will benefit late this year and in 2024 from a significant deflation for battery material prices, finance chief Claire McDonough said at a technology conference on Thursday. Prices for raw materials used in batteries surged to record highs in recent years on burgeoning demand for EVs, coupled with tight supplies …
Rivian to benefit next year as EV battery material prices ease – CFO Read More »
By Amina Niasse NEW YORK (Reuters) – Key U.S. mortgage interest rates fell for a second week but held above 7% and remained near the highest in decades, according to a survey released Thursday by housing finance giant Freddie Mac. The average contract rate on 30-year-fixed-rate mortgages declined to 7.12% as of Thursday from 7.18% …
U.S. mortgage rates fall for a second week but hold above 7% Read More »
